Meal Vouchers and Employee Benefit Solutions Market in Brazil by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71534
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The meal vouchers and employee benefit solutions market share in Brazil is expected to increase by USD 5.57 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.05%.

This meal vouchers and employee benefit solutions market in Brazil research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (meal vouchers and employee benefits) and geography (Africa). The meal vouchers and employee benefit solutions market report in Brazil also offers information on several market vendors, including Alelo, Axis Bank Ltd., Edenred SA, PayPal Holdings Inc., Sodexo Group, Swile, The Up Group, VeriFone Inc., VR Beneficios, and Zeta Services Inc. among others.

What will the Meal Vouchers and Employee Benefit Solutions Market Size in Brazil be During the Forecast Period?

Download the Free Report Sample to Unlock the Meal Vouchers and Employee Benefit Solutions Market Size in Brazil for the Forecast Period and Other Important Statistics

 

Meal Vouchers and Employee Benefit Solutions Market in Brazil: Key Drivers and Trends

The tax benefits of meal vouchers in Brazil are notably driving the meal vouchers and employee benefit solutions market growth in Brazil, although factors such as data privacy and security issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the meal vouchers and employee benefit solutions industry in Brazil. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Meal Vouchers and Employee Benefit Solutions Market Driver in Brazil

One of the key factors driving growth in the meal vouchers and employee benefit solutions market in Brazil is the tax benefits of meal vouchers. Companies, organizations, or employers who provide meal vouchers, food coupons, or prepaid meal cards as part of employees' salary structure are exempt from tax in most countries worldwide, including Brazil. For example, in 1976, the Federal Government of Brazil launched the Workers' Food Program (Programa de Alimentaçao do Trabalhador - PAT), in which companies or employers were asked to pay for employees' food provisions in exchange for tax relief. In 2016, according to the Ministry of Labour and Social Welfare, Brazil, 20 million employees benefited from PAT in the country. Such benefits and tax exemption have helped the market to grow exponentially in the past and will drive growth during the forecast period as well.

Key Meal Vouchers And Employee Benefit Solutions Market Challenge in Brazil

The data privacy and security issues will be a major challenge for the meal vouchers and employee benefit solutions market vendors in Brazil. Businesses have benefitted significantly from technological innovations and digitization, but with benefits and opportunities comes risks as well. Data theft is one major threat to the market. The mobile apps and cards offered by market vendors collect and store the personal information of employees and personnel of business partners. Many vendors use commercially available security technologies to safeguard this personal data. However, any vulnerability in the server or mobile apps could pose a threat to privacy and may impact the businesses of the major players in the market. Any hacker or phishing attack can steal this important data and information if it is not protected properly. Therefore, vendors should ensure that all their beneficiary- and client-related data are secure and protected.

This meal vouchers and employee benefit solutions market in Brazil analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Meal Vouchers and Employee Benefit Solutions Market Vendors in Brazil?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alelo
  • Axis Bank Ltd.
  • Edenred SA
  • PayPal Holdings Inc.
  • Sodexo Group
  • Swile
  • The Up Group
  • VeriFone Inc.
  • VR Beneficios
  • Zeta Services Inc.

 

This statistical study of the meal vouchers and employee benefit solutions market in Brazil encompasses successful business strategies deployed by the key vendors. The meal vouchers and employee benefit solutions market in Brazil is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The meal vouchers and employee benefit solutions market in Brazil forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Application Segments in the Meal Vouchers and Employee Benefit Solutions Market in Brazil?

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The meal vouchers and employee benefit solutions market share growth in Brazil by the meal vouchers segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the meal vouchers and employee benefit solutions market size in Brazil and actionable market insights on post COVID-19 impact on each segment.

 

Meal Vouchers And Employee Benefit Solutions Market Scope in Brazil

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.05%

Market growth 2022-2026

$ 5.57 billion

Market structure

Concentrated

YoY growth (%)

8.55

Regional analysis

Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alelo, Axis Bank Ltd., Edenred SA, PayPal Holdings Inc., Sodexo Group, Swile, The Up Group, VeriFone Inc., VR Beneficios, and Zeta Services Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Meal Vouchers and Employee Benefit Solutions Market Report in Brazil?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive meal vouchers and employee benefit solutions market growth in Brazil during the next five years
  • Precise estimation of the meal vouchers and employee benefit solutions market size in Brazil and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the meal vouchers and employee benefit solutions industry in Brazil
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of meal vouchers and employee benefit solutions market vendors in Brazil

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Meal vouchers - Market size and forecast 2021-2026
    • Employee benefits - Market size and forecast 2021-2026
    • Market opportunity by Application

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Alelo
    • Axis Bank Ltd.
    • Edenred SA
    • PayPal Holdings Inc.
    • Sodexo Group
    • Swile
    • The Up Group
    • VeriFone Inc.
    • VR Beneficios
    • Zeta Services Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The meal vouchers and employee benefit solutions market growth will increase by $5572.25 million during 2021-2026.
    The meal vouchers and employee benefit solutions market is expected to grow at a CAGR of 9.05% during 2021-2026.
    Technavio has segmented the meal vouchers and employee benefit solutions market by application (Meal vouchers and Employee benefits) and geographic (Africa).
    Alelo, Axis Bank Ltd., Edenred SA, PayPal Holdings Inc., Sodexo Group, Swile, The Up Group, VeriFone Inc., VR Beneficios, Zeta Services Inc. are a few of the key vendors in the meal vouchers and employee benefit solutions market.
    Africa will register the highest growth rate of NaN% among the other regions. Therefore, the meal vouchers and employee benefit solutions market in Africa is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the meal vouchers and employee benefit solutions market growth are:
    • Tax benefits of meal vouchers in Brazil
    The meal vouchers and employee benefit solutions market vendors should focus on grabbing business opportunities from the meal vouchers segment as it accounted for the largest market share in the base year.
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