NEW YORK, Sept. 29, 2023 /PRNewswire/ — The meal vouchers and employee benefit solutions market in Brazil is estimated to grow by USD 6.10 billion from 2022 to 2027, growing at a CAGR of 9.15%. The meal vouchers and employee benefit solutions market in Brazil is concentrated owing to the presence of many global and regional companies. A few prominent companies that offer meal vouchers and employee benefit solutions market in Brazil are Alelo, Asinta, Axis Bank Ltd., Edenred SE, Francisco Partners Management L.P., PayPal Holdings Inc., Sodexo SA, SWILE, Up group, VR Beneficios, and Zeta Services Inc. The report provides a complete list of key companies, their strategies, and the latest developments. Download FREE Sample before buying

Company Offering:

• Alelo – The company offers solutions for vouchers and employee benefits using a card that one can swap as it gets accepted in supermarkets, butchers, and grocery stores throughout Brazil.
• Asinta – The company offers solutions for vouchers and employee benefits where the entire program can be managed digitally in a user-friendly way.
• For details on companies and their offerings – Buy the report!
• Impactful driver- Tax benefits of meal vouchers in Brazil
• Key Trend – Strategic partnerships between market and meal kit delivery companies
• Major Challenges – Data privacy and security issues

 Market Segmentation

• By Application, the market is classified into meal vouchers and employee benefits. The market share growth by the meal vouchers segment will be significant during the forecast period. Employers provide their workers with meal vouchers which allow able to buy food at grocery stores or other foodstuffs. A meal allowance is part of the employee compensation system, and these vouchers will provide certain tax advantages depending on the national law in force at the time an employee works. In addition, meal vouchers are also printed and distributed to employers or businesses by meal voucher sellers such as Sodexo SA, Edenred SE, etc. The seller charges an amount equivalent to the number of these meal vouchers to print and distribute to employees and also collects a commission from the employer. In addition, Meal vouchers offer employees the possibility of saving taxes, in view of the fact that a wide variety of countries around the world have set tax exemptions for meal vouchers. Hence, these factors are expected to drive the segment growth during the forecast period. 

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The meal vouchers and employee benefit solutions market size is estimated to grow at a CAGR of 4.95% between 2022 and 2027. The market size is forecast to increase by USD 23,155.63 million. This meal vouchers and employee benefit solutions market report extensively covers market segmentation by type (meal vouchers and employee benefits), product (non-cash voucher and cash voucher), and (geography Europe, South America, APAC, North America, and Middle East and Africa).  The tax benefits of meal vouchers are driving the growth of the meal vouchers and employee benefit solutions market. 

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

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