In-Flight Catering Service Market to grow with 5% CAGR | Industry Leading Players: SATS, Servair, Emirates Flight Catering, dnata, Air Culinaire, Compass Group, Do & Co, Egypt Air In Flight Services, Gate Gourmet, Goddard Catering

Market Research Future (MRFR) has published a research report about the global in-flight catering service market. This report projects 5% CAGR (Compound Annual Growth Rate) between 2016 and 2021. According to this report, global in-flight catering service market has been segmented into aircraft class, flight type, catering-type, and lastly, region. On the basis of aircraft class, segmentation of global in-flight catering service market features business class, economy class, first class, and premium economy class. Flight types have been segmented into full service and low-cost service. Based on catering types, the market segmentation covers bakery & confectionary, beverages, meals, and others.

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Major Key Players
In the global in-flight catering service market, key players include Air Culinaire (USA), Compass Group (UK), Do & Co (Austria), Egypt Air In-Flight Services (Egypt), Emirates Flight Catering (United Arab Emirates {UAE}), Gate Gourmet (Switzerland), SATS (Singapore), Servair (France), dnata (UAE), and Goddard Catering (Barbados).

Latest Industry News
• Malta-based airline Air Malta has launched an economy class in-flight catering service on board its flights. The decision was taken with an aim towards growth strategy, and to enhance the in-flight service and experience. Plans for menu change are on the cards, with items seasonally depending on the feedback from passengers.
• Vistara has abandoned its box-meal concept. From now on, the airline is serving in-flight meals on usual trays for economy class passengers instead of the box.
• The airline is also replacing fork and spoon with the spork, plastic casseroles with aluminum dishes, plastic straws and stirrers with paper or wooden ones, and disposable bowls in economy class with reusable ones.

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.

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In-Flight Catering Service Market – Segments
For the convenience of the report and enhanced understanding; the In-Flight Catering Service market is segmented in to four key dynamics:
Segmentation by Aircraft Class: First Class, Business Class, Premium Economy Class, and Economy Class.
Segmentation by Flight Type: Full Service and Low Cost.
Segmentation by Catering Type: Bakery & Confectionary, Meals, Beverages, and Others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa, and South America.

In-Flight Catering Service Market – Regional Analysis

In Flight Catering was historically not a big industry within the business jet market, but with increased expectations from the business jet passengers and rising concerns related to safety of food, In-Flight catering service segment will increasingly participate in the market.
North American commercial aviation market would remain to be the biggest and most profitable market in the in-flight catering services in the world. North America market is moving towards saturation in the forecasted period, due to this its growth rate would be quite lower than the regions like that of Asia Pacific, Latin America and Middle East & Africa. The Middle East and Africa in-flight catering market will be one of the fastest growing regions amongst all the regions of the world. The Middle East Aviation market is comparatively developing than the African market where the air connectivity is relatively poor as a whole. Most 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 restrict the growth of the aircraft catering services market.
Asia Pacific region due to high growth in orders from the region, is the fastest growing region for this sector and will continue to be the fastest growing till the forecasted period. United States and China will continue to anchor the market by showing strong rates of growths.

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