Registering a CAGR of 6.6% over the forecast period of 2022-2027, the global In-Flight Catering Services market is anticipated to reach the market value of US$ 13.7 billion from US$ 7.3 billion in the year 2027.
Inflight food is the food served to travelers onboard a profitable airliner. Specialist airline catering services cook these meals and usually serve them to passengers using an airline service trolley.
The inflight catering market is expected to witness inspiring levels of development as carriers consider options to recover the quality of food served on planes, which is a matter of concern in today’s inflight catering industry. The flexibility in cultural dining always adds to the comfort and interest of the travelers. For instance, in international flights flying to areas where there is an enormous level of diversification in food habits, such as the Middle East, caterers are designing meals in agreement with their understanding of the tastes of destination flyers. Consequently, the commuters rise the cuisine of the upcoming destination, helping them familiarize themselves with the taste of the new culture.
Few airlines operating globally also allow passengers to place orders via in-flight entertainment systems. Moreover, some of the airlines are serving regional/ continental meals in order to satisfy the native cravings of the onboard passengers. The word-of-mouth advertising of such trends can certainly contribute to the growth of the in-flight catering market. Considering the aforementioned factors, the market for in-flight catering is projected to touch US$ 13.5 Bn by 2031.
The global In-flight Catering Services includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include LSG Group, Emirates Flight Catering, Gategroup Holding AG, Dnata, SATS Ltd., Cathay Pacific Catering Services (H.K.) Limited, Total Collectables (CUL ^CLCTBLS.REGA)., Ltd., DO & CO Aktiengesellschaft, Saudi Airlines Catering Company (SAAC), Newrest, Flying Food Group, Abby’s Catering, UpperSky Gourmet, ROYAL HOLDINGS Co., Ltd. (Tokyo: 8179.T) and others.
In July 2021, gategroup signed a partnership renewal agreement with LATAM Airlines to provide inflight catering services for added five years. According to the contract, gategroup will serve LATAM Airlines at 16 locations, which comprises two new strategic domestic locations: Bogotá, Colombia, and Santiago, Chile.
In June 2021, Newrest broadcast that the company began providing inflight catering services to a secret American company from the Hartsfield-Jackson Atlanta International Airport. Under the contract, the company is expected to increase its capacity from 4,000 meals per day to 6,500 meals per day during August.
By Type, it is segmented into
By Applications, it is segmented into
Region-wise, North America was the largest market in 2019, owing to the rise in the number of passengers traveling for business and tourism in the North American region. Population growth, economic growth, and social factors are expected to drive the in-flight catering service market trends in Asia-Pacific. The present level of efficient in-flight catering service technology has helped in increasing profitability and is expected to further boost the in-flight catering service industry growth.
The In-Flight Catering Services Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global In-Flight Catering Services Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers In-Flight Catering Services Market with detailed analysis of the overall scenario for the market. It also highlights the business participants' environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this In-Flight Catering Services Market analysis report as it has vital details to provide about regional markets, and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Forecast Period 2022 to 2027 CAGR
CAGR of 7.3% during the review period (2022 to 2027).
LSG Group, Emirates Flight Catering, Gategroup Holding AG, Dnata, SATS Ltd., Cathay Pacific Catering Services (H.K.) Limited, Total Collectables (CUL ^CLCTBLS.REGA)., Ltd., DO & CO Aktiengesellschaft, Saudi Airlines Catering Company (SAAC), Newrest, Flying Food Group, Abby’s Catering, UpperSky Gourmet, ROYAL HOLDINGS Co., Ltd. (Tokyo :8179.T).
• North America
• Rest of the World
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
2017 to 2021
2022 to 2027
Number of Pages
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What is the study period of this market?
The In-Flight Catering Services Market is studied from 2017 - 2027.
Who are the key players in In-Flight Catering Services Market?
LSG Group, Emirates Flight Catering, Gategroup Holding AG, Dnata, SATS Ltd., Cathay Pacific Catering Services (H.K.) Limited, Total Collectables (CUL ^CLCTBLS.REGA)., Ltd., DO & CO Aktiengesellschaft, Saudi Airlines Catering Company (SAAC), Newrest, Flying Food Group, Abby’s Catering, UpperSky Gourmet, ROYAL HOLDINGS Co., Ltd. (Tokyo :8179.T). Others
What are the significant types of In-Flight Catering Services Market?
Economy Class, Business Class, First Class, Others.
What are the major end-use applications of the In-Flight Catering Services Market?
Full-Service Carriers, Low-Cost Carriers, Other, Other.
What segments are covered in the In-Flight Catering Services Market report?
The Global In-Flight Catering Services Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the In-Flight Catering Services Market?
The sample report for the In-Flight Catering Services Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.