In-Flight Catering Services Market Overviews
Global In-Flight Catering Services market was valued at US$ 15.22 Billion in 2023, growing from US$ 32.65 Billion in 2030. It is estimated that the Global Market is to grow at a CAGR of 11.52% over the forecast period.
The COVID-19 pandemic has triggered a full-fledged crisis, with travel restrictions and airline cancellations imposed around the world in an effort to halt the virus’s spread. Some airlines supplied cold meals/pre-packaged food to their passengers with bottled water due to safety regulations. Even if the sector showed signs of improvement in 2021, passenger traffic, particularly foreign traffic, was much lower than it had been prior to COVID-19. However, airlines in the North American and European areas have begun to reintroduce their pre-COVID-19 lunch menus.
Though caterers have traditionally placed a premium on food safety, the pandemic has introduced new dynamics and critical safety standards to professional commercial aircraft kitchens, as old protocols were geared to combat foodborne illnesses.
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In-Flight Catering Services Market Scope and Methodology:
The meals come in a wide range of flavors and differ from one company to the next and from one region to the next. Various guidelines and regulations regulate the inflight catering provider in providing passengers with high-quality food and food products. EgyptAir, Emirates, Etihad Airways, Garuda Indonesia, and other airlines, for example, delivered Halal-certified meals free of pork and alcohol in conformity with Islamic standards. Non-Muslim travelers can still get wine from Emirates, Etihad, and Qatar if they ask for it. A modest snack or beverage in short-haul economy class to a seven-course gourmet dinner in first class on a long-haul flight are all options. The food on offer frequently incorporates characteristics of local cuisine, sometimes from both the destination and origin nations.
In-Flight Catering Services Market Regional Insights
Despite the fact that North American airlines’ full-year passenger traffic plummeted by 65.6 percent compared to 2019, the area still had the world’s greatest share of passenger traffic (RPK), accounting for around 32.6 percent of worldwide RPKs, according to IATA. As passenger traffic grows in 2021, numerous airlines in the region are resuming transatlantic routes with inflight menus similar to those available prior to COVID-19.
In-Flight Catering ServicesMarket Segmentation
By Aircraft Class, In-Flight Catering Services are segmented into Economy Class, Business Class, and First Class. In 2021, the economy class sector commanded more than 60% of the market share, owing to rising consumer preference for economy class for short to medium length travel distances. Over the last few years, APAC has experienced a rise in disposable income and middle-class population, boosting demand for economy class aeroplane seating in the industry.
In-Flight Catering Services Market Key Players
Goddard Catering Group (U.S.)
Newrest Catering (France)
Royal Holdings (Japan)
Journey Group PLC (U.K.)
DO & CO (Austria)
SATS Ltd (Singapore)
Emirates Flight Catering (UAE)
ANA Catering Service Co. Ltd. (U.K.)
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Key questions answered in the In-Flight Catering Services Market are:
- What is In-Flight Catering Services ?
- What was the In-Flight Catering Services market size in 2023?
- What is the growth rate of the In-Flight Catering Services Market?
- Which are the factors expected to drive the In-Flight Catering Services market growth?
- What are the different segments of the In-Flight Catering Services Market?
- What growth strategies are the players considering to increase their presence in In-Flight Catering Services ?
- What are the upcoming industry applications and trends for the In-Flight Catering Services Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the In-Flight Catering Services Market?
- Who are the leading companies and what are their portfolios in In-Flight Catering Services Market?
- What segments are covered in the In-Flight Catering Services Market?
- Who are the key players in the In-Flight Catering Services market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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