In-Flight Catering Service Market 2018 by Aircraft Class (First Class, Business Class), Flight Type, Catering Type, and by Geography - Forecast To 2021

Market Highlights:

Global In-Flight Catering Service Market report is primarily segmented in to 4 dynamics by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type (Full Service and Low Cost) and by Catering Type (Bakery & Confectionary, Meals, Beverages, and Others), and by Geography(Region) - Forecast To 2021

The global market for in-flight catering services is anticipated to grow owing to the increasing rate for Air Travels worldwide. The market is forecasted to demonstrate an upsurge growth by 2021, with a substantial CAGR of 5% during the projected period (2016 -2021).

Economy class is expected to be around $12 billion market in the forecast period, growing at a considerable rate of CAGR, followed by premium and business class aircraft. Full service carriers account almost 80% of the market share and will continue to dominate the inflight catering service market. In the catering types segment, meals account 50- 55% of the market share followed by bakery & confectionary and beverages.

Food safety is a major focus area for companies operating in the global in-flight catering services market. With quality and hygiene becoming a deciding factor for passengers in choosing a flight, catering companies are adopting stringent safety and sanitation measures to maintain quality of food.

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Major Key Players

SATS
Servair
Emirates Flight Catering
dnata
Air Culinaire
Compass Group
Do & Co
Egypt Air In Flight Services
Gate Gourmet
Goddard Catering

Global In-Flight Catering Service Market is forecasted to demonstrate a spectacular growth by 2021, surpassing its previous growth records in terms of value with a striking 5% of CAGR during the projected period (2016 -2021).

Growth Drivers & Restraints of Global In-Flight Catering Service Market
Global In-Flight Catering Service Market is driven by the growth in airline passengers over the past few years. Growth dynamics in the global airline catering market are extremely reliant on the growth of the aviation sector. Increased emphasis on quality food services and passenger preferences to pay for premium food are some of the key drivers for the market growth. Also, factors such as rising disposable incomes, increasing airline passengers, advancement of technology in flight food ordering system, rising on-board catering is contributing to the market growth. Additionally, growing customer demand for nutritious food options led by growing awareness over the nutritional value of food, rising health consciousness are some of the additional factors supporting to the market growth.

Regional and Country Analysis of In-Flight Catering Service Market
APAC will dominate the market in the forecast period growing at a CAGR of around 6%, followed by Americas and EMEA. Rapid urbanization, resurgence in discretionary spending, increase in international travel and tourism attributed to Rising GDP, and consequently, disposable income and rising standard of living to complement aspirational travelling, are factors poised to drive growth in the Asia Pacific region.

By 2021, China is expected to supersede Japan to become the world's second largest source of business travel after the United States.
The Middle East is also emerging as a hub of international airline activity, with the region registering the highest number of order bookings for new aircraft.

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Inflight Catering Service Market – Regional Analysis
The Middle East and Africa will be one of the fastest growing regions in the in-flight catering market amongst all the regions of the world. The Middle East aviation market is developing faster than the African market where the air connectivity is relatively poor as a whole. North American commercial aviation market would remain to be the biggest and the most profitable market in the in-flight catering services in the world but its growth rate would be quite lower than the regions like that of Asia-Pacific, Latin America and Middle East & Africa, due to market saturation. The majority of the income in the aircraft catering services comes from full service carriers, and their relatively slow growth rates in the European and Asian market, in comparison to the low-cost carriers, would limit the growth of the aircraft catering services market.

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