The Latin America, Middle East and Africa Meal Voucher Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030).
Food delivery services often feature diverse culinary options, including international cuisines and specialty dishes. Meal vouchers empower employees to explore different food choices and cater to their tastes and preferences. With the rise of remote work and flexible work arrangements, many employees can no longer access on-site cafeteria facilities or traditional lunch options. These offer a flexible solution that accommodates employees' changing needs and preferences, regardless of their work location. Providing these vouchers as part of employee benefits promotes a healthier work-life balance by allowing employees to enjoy quality meals during breaks or lunch hours.
The market is a testament to the convergence of innovation and social responsibility, offering a symbiotic relationship wherein employers demonstrate their commitment to employee well-being. At the same time, individuals gain access to nutritious meals and support local economies in the process. Moreover, the market fosters meaningful connections between employers and employees, engendering a sense of appreciation, belonging, and mutual respect within organizational frameworks. The market stands out as an exemplary model of adaptability, resilience, and inclusiveness in light of ongoing socio-economic challenges, evolving demographics, and challenging regional work environments.
The rising tourism in the UAE significantly impacts the market, influencing its growth, dynamics, and adoption across various sectors. Furthermore, it is common for business travellers in the UAE to have restricted time for meal preparation and planning due to their hectic schedules. As a result, there is a high demand for convenient dining options that offer quick service, quality meals, and a variety of choices. Meal voucher programs cater to the needs of business travellers by providing access to a wide range of dining options. The United Arab Emirates Ministry of Economics reports that the travel and tourism industry contributed approximately 9% of the country's gross domestic product (GDP) in 2022, or AED 167 billion. Hence, all of the aforementioned factors will aid in the growth of the market.
The Brazil market dominated the LAMEA Meal Voucher Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,255.2 million by 2030. The Argentina market is showcasing a CAGR of 8.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7% during (2023 - 2030).
Based on Product Type, the market is segmented into Digital Card, and Book Card. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Food delivery services often feature diverse culinary options, including international cuisines and specialty dishes. Meal vouchers empower employees to explore different food choices and cater to their tastes and preferences. With the rise of remote work and flexible work arrangements, many employees can no longer access on-site cafeteria facilities or traditional lunch options. These offer a flexible solution that accommodates employees' changing needs and preferences, regardless of their work location. Providing these vouchers as part of employee benefits promotes a healthier work-life balance by allowing employees to enjoy quality meals during breaks or lunch hours.
The market is a testament to the convergence of innovation and social responsibility, offering a symbiotic relationship wherein employers demonstrate their commitment to employee well-being. At the same time, individuals gain access to nutritious meals and support local economies in the process. Moreover, the market fosters meaningful connections between employers and employees, engendering a sense of appreciation, belonging, and mutual respect within organizational frameworks. The market stands out as an exemplary model of adaptability, resilience, and inclusiveness in light of ongoing socio-economic challenges, evolving demographics, and challenging regional work environments.
The rising tourism in the UAE significantly impacts the market, influencing its growth, dynamics, and adoption across various sectors. Furthermore, it is common for business travellers in the UAE to have restricted time for meal preparation and planning due to their hectic schedules. As a result, there is a high demand for convenient dining options that offer quick service, quality meals, and a variety of choices. Meal voucher programs cater to the needs of business travellers by providing access to a wide range of dining options. The United Arab Emirates Ministry of Economics reports that the travel and tourism industry contributed approximately 9% of the country's gross domestic product (GDP) in 2022, or AED 167 billion. Hence, all of the aforementioned factors will aid in the growth of the market.
The Brazil market dominated the LAMEA Meal Voucher Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,255.2 million by 2030. The Argentina market is showcasing a CAGR of 8.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7% during (2023 - 2030).
Based on Product Type, the market is segmented into Digital Card, and Book Card. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- ACCOR SA
- Emburse, Inc. (Certify)
- SPENDIT AG
- Alelo Inc
- Axis Bank Limited
- Asinta
- Circula GmbH
- CIRFOOD International
- Rakuten group, Inc. (Gurunavi, Inc.)
- Swile
Market Report Segmentation
By Product Type- Digital Card
- Book Card
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. LAMEA Meal Voucher Market by Product Type
Chapter 6. LAMEA Meal Voucher Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- ACCOR SA
- Emburse, Inc. (Certify)
- SPENDIT AG
- Alelo Inc
- Axis Bank Limited
- Asinta
- Circula GmbH
- CIRFOOD International
- Rakuten group, Inc. (Gurunavi, Inc.)
- Swile
Methodology
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