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Employee Benefit Solutions of NY

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Leveraged Buyout | Alive

About Employee Benefit Solutions of NY

Provider of health-care cost containment and wellness programs for employers. The company's primary product is the Difference Card, an employer-funded debit card programmed for reimbursement of approved out-of-pocket employee healthcare expenditures. It serves small and mid-sized employers.

Headquarters Location

25 Spring Street P.O. Box 421

Ossining, New York, 10562,

United States

(914)762-6500

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Latest Employee Benefit Solutions of NY News

08:00 ET Meal Vouchers and Employee Benefit Solutions Market Size to Grow by USD 16.69 Bn, 39% of the Market Growth to Originate...

Nov 23, 2022

News provided by Share this article Share this article NEW YORK, Nov. 23, 2022 /PRNewswire/ -- The meal vouchers and employee benefit solutions market size is expected to grow by USD 16.69 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 4% during the forecast period. The market has been segmented by application (meal vouchers and employee benefits) and geography (Europe, South America, APAC, North America, and Middle East and Africa). Make confident decisions using our insights and analysis. Request a Free Sample Report Meal Vouchers And Employee Benefit Solutions Market: Segmentation Analysis Technavio has announced its latest market research report titled Global Meal Vouchers and Employee Benefit Solutions Market 2022-2026 Europe will lead the meal vouchers and employee benefit solutions market during the forecast period. The region will account for 39% of the market's growth. The growth of the region is attributed to the evolving buying pattern of consumers, such as the preference for making online payments and digital payment methods. However, market growth in this region will be slower than the growth of the market in APAC. France, Italy, and Spain are the key countries for the meal vouchers and employee benefit solutions market in Europe. The meal vouchers segment will be a significant contributor to market growth during the forecast period. Meal vouchers can be used by employees to purchase products from food service outlets or items from grocery stores. The growth of this segment is primarily driven by tax exemption benefits provided under the tax regime. Meal voucher vendors charge money equivalent to issue volume in return for printing and distributing meal vouchers to employees and charge commission from employers. They enable employees to save tax, as many countries have specified tax exemptions on meal vouchers. Such benefits of meal vouchers will drive market growth during the forecast period. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Request a Free Sample Report Meal Vouchers and Employee Benefit Solutions Market: Driver and Trend The tax benefits of meal vouchers are driving the meal vouchers and employee benefit solutions market growth. Organizations, companies, or employers that provide meal vouchers, food coupons, or prepaid meal cards as part of employees' salary structure are exempt from tax in many countries. For instance, in 2016, according to the Ministry of Labour and Social Welfare, Brazil, 20 million employees benefited from PAT in the country. In India, meal vouchers availed by employees are not included in taxable salary. According to the Income Tax Department, Government of India, there are tax benefits for free food and beverages provided to employees. These benefits and tax exemptions will help the market grow significantly during the forecast period. The shift toward digital meal vouchers and employee benefit solutions is a key trend in the market. The main reasons for this shift is the rising internet penetration in developing economies and the growing adoption of mobile Internet and smartphones. Some government organizations support the development of Internet infrastructure. For instance, the European Commission has multiple policy and financial instruments that drive private and public investments in ultra-fast networks to enhance the Internet infrastructure. This provides new opportunities for vendors to increase their returns through innovation and technological advances. Favorable government policies also increase the adoption of digital payment modes. Such regulations will encourage employees to use electronic or digital meal vouchers during the forecast period. Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. Buy Report Related Reports Meal Vouchers and Employee Benefit Solutions Market in Brazil  Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: 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%. The tax benefits of meal vouchers in Brazil are notably driving the meal vouchers and employee benefit solutions market growth in Brazil. Meal Kit Market  by Product, Distribution channel, and Geography - Forecast and Analysis 2023-2027: The meal kit market is estimated to grow at a CAGR of 20.32% between 2022 and 2027. The size of the market is forecast to increase by USD 23,737.8 million. Cost-effective solutions and the availability of diverse choices are notably driving the meal kit market growth. Meal Vouchers And Employee Benefit Solutions Market Scope Report Coverage 5 Market Segmentation by Application                                          5.1 Market segments                                 Exhibit 10: Chart on Application - Market share 2021-2026 (%)                                 Exhibit 11: Data Table on Application - Market share 2021-2026 (%)                 5.2 Comparison by Application                                              Exhibit 13: Data Table on Comparison by Application                 5.3 Meal vouchers - Market size and forecast 2021-2026                                            Exhibit 14: Chart on Meal vouchers - Market size and forecast 2021-2026 ($ million)                                 Exhibit 15: Data Table on Meal vouchers - Market size and forecast 2021-2026 ($ million)                                 Exhibit 16: Chart on Meal vouchers - Year-over-year growth 2021-2026 (%)                                 Exhibit 17: Data Table on Meal vouchers - Year-over-year growth 2021-2026 (%)                 5.4 Employee benefits - Market size and forecast 2021-2026                                     Exhibit 18: Chart on Employee benefits - Market size and forecast 2021-2026 ($ million)                                 Exhibit 19: Data Table on Employee benefits - Market size and forecast 2021-2026 ($ million)                                 Exhibit 20: Chart on Employee benefits - Year-over-year growth 2021-2026 (%)                                 Exhibit 21: Data Table on Employee benefits - Year-over-year growth 2021-2026 (%)                 5.5 Market opportunity by Application                                               Exhibit 22: Market opportunity by Application ($ million) 6 Customer Landscape                                                           Exhibit 25: Data Table on Market share by geography 2021-2026 (%)                 7.2 Geographic comparison                    7.3 Europe - Market size and forecast 2021-2026                                           Exhibit 27: Chart on Europe - Market size and forecast 2021-2026 ($ million)                                 Exhibit 28: Data Table on Europe - Market size and forecast 2021-2026 ($ million)                                 Exhibit 29: Chart on Europe - Year-over-year growth 2021-2026 (%)                                 Exhibit 30: Data Table on Europe - Year-over-year growth 2021-2026 (%)                 7.4 South America - Market size and forecast 2021-2026                                            Exhibit 31: Chart on South America - Market size and forecast 2021-2026 ($ million)                                 Exhibit 32: Data Table on South America - Market size and forecast 2021-2026 ($ million)                                 Exhibit 33: Chart on South America - Year-over-year growth 2021-2026 (%)                                 Exhibit 34: Data Table on South America - Year-over-year growth 2021-2026 (%)                 7.5 APAC - Market size and forecast 2021-2026                                               Exhibit 35: Chart on APAC - Market size and forecast 2021-2026 ($ million)                                 Exhibit 36: Data Table on APAC - Market size and forecast 2021-2026 ($ million)                                 Exhibit 37: Chart on APAC - Year-over-year growth 2021-2026 (%)                                 Exhibit 38: Data Table on APAC - Year-over-year growth 2021-2026 (%)                 7.6 North America - Market size and forecast 2021-2026                                            Exhibit 39: Chart on North America - Market size and forecast 2021-2026 ($ million)                                 Exhibit 40: Data Table on North America - Market size and forecast 2021-2026 ($ million)                                 Exhibit 41: Chart on North America - Year-over-year growth 2021-2026 (%)                                 Exhibit 42: Data Table on North America - Year-over-year growth 2021-2026 (%)                 7.7 Middle East and Africa - Market size and forecast 2021-2026                                             Exhibit 43: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)                                 Exhibit 44: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)                                 Exhibit 45: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)                                 Exhibit 46: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)                 7.8 Brazil - Market size and forecast 2021-2026                                               Exhibit 47: Chart on Brazil - Market size and forecast 2021-2026 ($ million)                                 Exhibit 48: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)                                 Exhibit 49: Chart on Brazil - Year-over-year growth 2021-2026 (%)                                 Exhibit 50: Data Table on Brazil - Year-over-year growth 2021-2026 (%)                 7.9 France - Market size and forecast 2021-2026                                            Exhibit 51: Chart on France - Market size and forecast 2021-2026 ($ million)                                 Exhibit 52: Data Table on France - Market size and forecast 2021-2026 ($ million)                                 Exhibit 53: Chart on France - Year-over-year growth 2021-2026 (%)                                 Exhibit 54: Data Table on France - Year-over-year growth 2021-2026 (%)                 7.10 Italy - Market size and forecast 2021-2026                                               Exhibit 55: Chart on Italy - Market size and forecast 2021-2026 ($ million)                                 Exhibit 56: Data Table on Italy - Market size and forecast 2021-2026 ($ million)                                 Exhibit 57: Chart on Italy - Year-over-year growth 2021-2026 (%)                                 Exhibit 58: Data Table on Italy - Year-over-year growth 2021-2026 (%)                 7.11 Japan - Market size and forecast 2021-2026                                            Exhibit 59: Chart on Japan - Market size and forecast 2021-2026 ($ million)                                 Exhibit 60: Data Table on Japan - Market size and forecast 2021-2026 ($ million)                                 Exhibit 61: Chart on Japan - Year-over-year growth 2021-2026 (%)                                 Exhibit 62: Data Table on Japan - Year-over-year growth 2021-2026 (%)                 7.12 Spain - Market size and forecast 2021-2026                                            Exhibit 63: Chart on Spain - Market size and forecast 2021-2026 ($ million)                                 Exhibit 64: Data Table on Spain - Market size and forecast 2021-2026 ($ million)                                 Exhibit 65: Chart on Spain - Year-over-year growth 2021-2026 (%)                                 Exhibit 66: Data Table on Spain - Year-over-year growth 2021-2026 (%)                 7.13 Market opportunity by geography                                             Exhibit 67: Market opportunity by geography ($ million) 8 Drivers, Challenges, and Trends                                     8.1 Market drivers                                      8.1.2 Growing employment rates                 8.2 Market challenges                                               8.2.2 Alternative ways to save on tax                                 8.2.3 Advocacy against meal voucher companies                 8.3 Impact of drivers and challenges                                   Exhibit 68: Impact of drivers and challenges in 2021 and 2026                 8.4 Market trends                                       8.4.2 Rise in venture capital investment in employee benefit solution                                 8.4.3 Strategic partnerships with meal kit delivery vendors 9. Vendor Landscape                                                              Exhibit 76: Alelo - Key offerings                 10.4 Axis Bank Ltd.                                      Exhibit 78: Axis Bank Ltd. - Business segments                                 Exhibit 79: Axis Bank Ltd. - Key offerings                                 Exhibit 80: Axis Bank Ltd. - Segment focus                 10.5 Cinqo Group                                        Exhibit 82: Cinqo Group - Product / Service                                 Exhibit 83: Cinqo Group - Key offerings                 10.6 Edenred SA                                          Exhibit 85: Edenred SA - Business segments                                 Exhibit 86: Edenred SA - Key offerings                                 Exhibit 87: Edenred SA - Segment focus                 10.7 Emburse Inc.                                       Exhibit 89: Emburse Inc. - Product / Service                                 Exhibit 90: Emburse Inc. - Key offerings                 10.8 Monizze NV SA                                   Exhibit 92: Monizze NV SA - Product / Service                                 Exhibit 93: Monizze NV SA - Key offerings                 10.9 Sodexo Group                                    Exhibit 95: Sodexo Group - Business segments                                 Exhibit 96: Sodexo Group - Key offerings                                 Exhibit 97: Sodexo Group - Segment focus                 10.10 SPENDIT AG                                      Exhibit 99: SPENDIT AG - Product / Service                                 Exhibit 100: SPENDIT AG - Key offerings                 10.11 Up Group                                           Exhibit 102: Up Group - Product / Service                                 Exhibit 103: Up Group - Key offerings                 10.12 VR Beneficios                                   Exhibit 105: VR Beneficios - Product / Service                                 Exhibit 106: VR Beneficios - Key offerings 11. Appendix                                                             11.1.1 Market definition                                 Exhibit 110: Information sources About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts

Employee Benefit Solutions of NY Frequently Asked Questions (FAQ)

  • Where is Employee Benefit Solutions of NY's headquarters?

    Employee Benefit Solutions of NY's headquarters is located at 25 Spring Street, Ossining.

  • What is Employee Benefit Solutions of NY's latest funding round?

    Employee Benefit Solutions of NY's latest funding round is Leveraged Buyout.

  • Who are the investors of Employee Benefit Solutions of NY?

    Investors of Employee Benefit Solutions of NY include Pharos Capital Group.

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