In-Flight Catering Service Market Set up to grow CAGR of 5% | Major Key Players Analysis by Emirates Flight Catering, dnata, Air Culinaire, Compass Group, Egypt Air In Flight Services, Gate Gourmet, Goddard Catering

Market Highlights:

The global aviation market is growing at a slow pace around the world. Airbus alone generated a backlog of 6,787 aircraft, which represents almost ten years’ worth of production. Even Boeing, which has fallen behind Airbus in recent times in terms of orders received, has accumulated a backlog of more than 4000 planes, of which 75% of the planes are the upcoming 737 MAX airplanes. This factor will limit the growth of the aircraft catering services market, as a number of new airplanes coming into the market each year will be of a limited amount, and the rate of growth of units sold will be almost constant up until 2020. Low-cost carriers, which presently control 1/4th of the total airline market are expected to grow rapidly at the expense of full-service carriers and are expected to hold close to 14% market share of in-flight catering services by 2020.

Travellers are now like to have organic food, due to this airline has started obtaining its food and beverage items from local farms, bakeries and other nearby businesses, and prepares meals on each flight's day of departure. Air Canada has also devised a NutriCuisine menu, which was developed through a partnership with the healthy eating program-Food with a Conscience. The program, initiated in 2009, adheres to low-sodium, additive and preservative-free standards, among other guidelines. Virgin America provides a thorough detail in their calorie counts and nutrition information on their in-flight menus.

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Industry/ Innovation/ Related News:

March 2018:
Since March 25th, Newrest Spain Company have been offering the services for SAS new operation, which consists in basing aircraft from Malaga.
January 2018:
India’s leading airline catering company, TajSATS announced its exclusive inflight catering partnership with Singapore Airlines for the new Airbus A380 operations.

Major key Players

DO & CO Restaurants & Catering AG,
dnata,
Emirates Flight Catering Co. LLC,
Flying Food Group LLC,
Gate Gourmet Switzerland GmbH,
Journey Group Plc,
LSG Sky Chefs,
Newrest Group International S.A.S,
SATS Limited, and Servair SA, among others.

The global in-flight catering services market 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).

Competitive Analysis
In case of supplying small-medium size airports, the market is fairly fragment with presence of regional players. Demand for food with high quality and safety were the main reasons for airlines to prefer produce from the major manufacturers than the regional players. Further, these big players have increased their R&D spending exponentially to integrate the innovation with culinary excellence. This resulted in premium quality food for airline inflight catering services.

Companies, such as IGS and JETFINITY, are trying to expand their presence beyond corporate catering, in to the global aviation catering market, by working on integrated food solutions for premium culinary experience. These companies are also providing a fast-track 2-hour order service for last-minute charter customers. IGS Catering is now offering VIP catering service to VIP guests. Major companies like dnata, Gate Gourmet, SATS are now providing tailor made catering services to low-cost carriers as well. Significant numbers of small/medium scale players are now emerging from Asia Pacific countries. Offering premium quality products at comparative prices could drive the market share of these companies in the global inflight catering services market by 2023.

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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