According to a new report, published by KBV research, The Global Meal Voucher Market size is expected to reach $102.6 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period.
The future of the meal voucher market appears poised for continued transformation as digitalization, personalization, and sustainability drive innovation in the way vouchers are distributed, redeemed, and integrated into broader corporate wellness initiatives. With the rise of digital solutions offering enhanced convenience and customization and a growing emphasis on eco-friendly and socially responsible practices, meal voucher providers are poised to expand their offerings, reach new demographics, and forge strategic partnerships across diverse industries.
The market for meal vouchers has witnessed significant growth due to many factors, such as the increased implementation of employee benefits initiatives, tax incentives that encourage non-taxable perks, and the growing concern for maintaining a healthy work-life balance. Employers, recognizing the significance of employee well-being and satisfaction, are increasingly integrating meal vouchers into their benefits packages to attract and retain talent. Moreover, the market has seen diversification through digital solutions and partnerships with food establishments and delivery services, enhancing accessibility and choice for employees.
The Book Card segment is experiencing a CAGR of 6.8% during (2023 - 2030). Consumers increasingly value personalized experiences and options catering to their interests and preferences. Including book cards within meal voucher programs offers employees the flexibility to choose between culinary experiences and literary pursuits, empowering them to select benefits that align with their lifestyle and personal interests.
Full Report: https://www.kbvresearch.com/meal-voucher-market/
The Europe region dominated the Global Meal Voucher Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $35.9 billion by 2030. The North America region is anticipated to grow at a CAGR of 5.7% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 6.9% during (2023 - 2030).
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