Global Inflight Catering Market is valued at approximately USD 17.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15 % over the forecast period 2020-2027. The growing demand for high-quality, nutritious food among air travellers would have a significant impact on the demand for in-flight catering services. In contrast to sugary and candy items, shoppers nowadays favour healthier and nutritious products that are prominently displayed food products, such as all natural, no additives, and free form kind. Consumer understanding of nutrition has fueled demand for nutritious food in the airline industry. The industry demand would be positively influenced by rising preferences of air travellers for safe food, regardless of seating status. For instance, in 2020, on flights longer than 350 miles, Alaska Airlines has reintroduced limited food and beverage service. Soft drinks and coffee were the only beverages offered on those aircraft, with free red wine and beer available only to corporate and first-class travellers. In addition, first-class passengers were given a snack basket with a variety of snacks. Similarly, in 2018, Singapore Airlines debuted a Gordon Ramsay-created first-class meal menu for international flights. In addition, The market is changing, with major service providers gradually joining long-term partnerships and joint ventures with airlines to develop new technologies and expand their market reach. For instance, in January 2018, Gategroup Holding and Asiana Airlines of South Korea formed a 30-year joint venture to become the operator’s sole in-flight caterer, serving passengers flying to destinations throughout North America, Australia, Europe, and Asia. Also in 2018, At Dublin Airport, the Dubai National Air Transport Association (dnata) unveiled its newest flight catering facility, which includes an industrial-sized kitchen, food processing and assembly room, and storage. However, transportation of food and low shelf life of the transported food, may impede market growth over the forecast period of 2020-2027.
The regional analysis of the global Inflight Catering Market is considered for the key regions such as North America, Asia Pacific, Latin America, Europe, and Rest of the World. Asia Pacific is the leading region across the world in terms of market share due to culinary habits, and passengers from different countries of the regions varying in their culinary preferences. Whereas North America is anticipated to exhibit the highest growth rate over the forecast period 2020-2027, due to increasing number of air-passengers across the region.
Major market player included in this report are:
Gate Gourmet
LSG Sky Chefs
Sats Ltd.
Cathay Pacific Catering Services (H.K.) Ltd.
Dnata
Flying Food Group
Emirates Flight Catering
IGS Ground Services
Newrest International Group S.A.S
Journey Group Plc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Food Type:
Meals
Bakery and Confectionary
Beverages
Other Food Types
By Flight Type:
Full Service Carriers
Low-Cost Carriers
By Aircraft Seating Class :
Economy Class
Business Class
First Class
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027.
Target Audience of the Global Inflight Catering Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors