In-Flight Catering Services Market Size, Share, factors, Development Strategy and Forecast 2027


Global In-Flight Catering Services market was valued at US$ 10.98 Billion in 2021, growing from US$ 9.84 Billion in 2021. It is estimated that the Global Market is to grow at a CAGR of 11.52% over the forecast period.

The pandemic is also to blame for raising catering standards in food safety, cleaning, and sanitizing, but this has resulted in higher costs for in-flight caterers in order to maintain optimal standards. As airline competition intensifies, several strategies are being implemented to improve the in-flight meal experience. These strategies cover everything from ordering to food preparation. Such occurrences could have a long-term impact on the market's prospects during the forecast period.

In-Flight Catering Services Market Report Scope and Research Methodology:

This study goes into detail about demand projections, market trends, and micro and macro variables. The report also discusses the factors that are driving and restraining the In-Flight Catering Services market's growth. The SMR Matrix informs existing and new market participants about potential investment opportunities. To provide market insights, the research employs analytical methodologies such as Porter's five forces analysis and PESTLE of the In-Flight Catering Services market. Furthermore, the study investigates current market trends as well as forecasts for the years 2022-2029. The analysis also includes key upcoming developments that are expected to have an impact on demand during the forecast period. The bottom-up approach was used to estimate market size to In-Flight Catering Services .

In-Flight Catering Services Market Overview:

The report examines the In-Flight Catering Services market in depth, with a focus on market dynamics, competitive scenario, regional growth, segment-by-segment analysis, and key growth strategies. The market has been divided into four sections: region, X, X, and X. The analysis includes a thorough examination of the In-Flight Catering Services market size and share as well as a wide range of industry verticals.

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In-Flight Catering Services Market Key Competitors:

Gate Gourmet (Switzerland)
Saudi Airlines Catering (Saudi Arabia)
LSG Group (Germany)
Dnata (UAE)
Servair (France)
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.)

In-Flight Catering Services Market Dynamics:

The meals come in a variety of flavors that vary from company to company and region to region. Various guidelines and regulations govern the in-flight catering provider's ability to provide high-quality food and food products to passengers. For example, EgyptAir, Emirates, Etihad Airways, Garuda Indonesia, and other airlines provided Halal-certified meals free of pork and alcohol in accordance with Islamic standards.

In-Flight Catering Services Market Segmentation:

In-Flight Catering Services are classified as Economy, Business, or First Class based on the aircraft class. Because of rising consumer preference for economy class for short to medium-length travel distances, the economy class sector commanded more than 60% of the market share in 2021. APAC has seen an increase in disposable income and middle-class population in recent years, increasing demand for economy class airline seating in the industry.

In-Flight Catering Services are classified as In-House or Outsourced. By 2027, the outsourcing segment of the in-flight catering services industry will be worth USD 16 billion. Because of the availability of a diverse range of international cuisines and meals, outsourcing in-flight catering service is expected to be the preferred option for the majority of airlines and private aircraft over the forecast time period.

In-Flight Catering Services are classified as Meal, Bakery & Confectionery, Beverages, and Others. The meal category will account for 45 percent of total sales in 2021. In-flight meals vary in quantity, quality, and cost across airlines, classes, and trip lengths. Safety precautions are taken in accordance with the proper menu design and preparation procedure. In land-based kitchens, airline chefs prepare meals that are then reheated and served to passengers by flight attendants.

In-Flight Catering Services Market Regional Analysis:

  1. The geographical insights in the reports will keep readers up to date on the In-Flight Catering Services market on a regional level. Any meaningful assessment of potential policy options in response to market change requires a thorough understanding of local energy, economic, political, and geographic factors. The research offers readers regional perspectives on In-Flight Catering Services market and local growth potential, as well as domestic area restraints.
  2. Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  3. Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  4. North America (the United States, Mexico, and Canada.)
  5. South America (Brazil etc.)
  6. The Middle East and Africa (GCC Countries and Egypt.)

Key Questions answered in the In-Flight Catering Services Market Report are:

  • What are the current trends that may negatively impact the In-Flight Catering Services market?
  • How will the major segments of this international In-Flight Catering Services market develop over the next few years?
  • Who are the major players that are expected to dominate the In-Flight Catering Services market in the future?
  • What is the growth forecast for In-Flight Catering Services market?

Which region is expected to hold the largest In-Flight Catering Services market share?

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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About stellar Market Research Pvt. Ltd

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.

Contact Information

stellar Market Research Pvt. Ltd

S.no.8, h.no. 4-8 Pl.7/4, Kothrud, Pinnac Memories Fl. No. 3
Kothrud, Pune, Pune, Maharashtra, 411029
411041
India
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Published in

Business , Business

Published on

Mar 10, 2023

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