openPR Logo
Press release

In-Flight Catering Service Market is Predicted to boost its value to USD 24,113 million by 2026

02-10-2020 06:17 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
In-Flight Catering Service Market

In-Flight Catering Service Market

The global in-flight catering service market size was valued at $18,081 million in 2018, and is expected to reach $24,113 million by 2026, growing at a CAGR of 3.66% from 2019 to 2026. In-flight catering service deals with in-flight meals served to the passengers boarding the flight. These meals are prepared by catering companies and are served to passengers via trolley.

Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/5281

North America held the leading position in the global in-flight catering service market size in 2018 and is expected to maintain its dominance in the future. The full service segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period.

Inflight catering is a service provided by catering companies to air travelers during air travel. Inflight catering service is an important service offered by the airline company to the passengers to make unparalleled travel experience on board. Due to rise in competition in the airline industry and increase in number of passengers in-flight catering service is an important service to attract customer and increase their market share.

The global in-flight catering service market is projected to witness significant growth during the forecast period, owing to rise in number of passengers across the globe. According to analysis of International Air Transport Association (IATA), more than seven billion passengers are expected to opt for air travel by end of 2036, with a 3.6 % year-on-year growth. Air transportation companies are thriving to focus on increasing the quality of in-flight catering service in order to attract more passengers from a business development standpoint. This factor is expected to fuel the demand for various in-flight catering services, consequently driving the in-flight catering service market growth during the period of assessment. According to the IATA, the international and domestic air traffic across the global aviation industry has witnessed a significant surge since past few years that has led to increased operational profits and overall net profits of airlines. Moreover, the increase in number of individuals opting for air travel is expected to boost the demand for in-flight catering services, in turn fueling the growth of the in-flight catering market during the forecast period.

For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/5281

The global in-flight catering service market is segmented based on aircraft class, flight type, and food type. Depending on aircraft class, the in-flight catering service market is classified into economy class, business class, and first class. The flight type segment comprises full service and low cost. Based on food type, the in-flight catering service market is classified into meals, bakery & confectionary, beverages, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, The Netherlands, Turkey, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, and rest of LAMEA).

Economy class was the highest revenue generator and is expected to witness a CAGR of 3.61% in-flight catering service market forecast, followed by first class segment at 3.39%.

Rise in investment in the development of airport infrastructure and development of aviation technology is expected to lower the air travel cost thus boosting the market growth. The Indian government is planning to invest US$1.83 billion for development of airport infrastructure along with aviation navigation services by 2026. The investment is aimed to develop Guwahati as an inter-regional hub and Agartala, Imphal, and Dibrugarh as intra-regional hubs. In addition, Indian aircraft Manufacture, Repair, and Overhaul (MRO) service providers are exempted completely from customs and countervailing duties. These will lower the air transportation prices and thus lead to untap huge growth opportunities within the country. In addition, Australian government has signed an open sky agreement with India government allowing airlines on either side to offer unlimited seats to six Indian metro cities and various Australian cities. Thus, helping in reduction of airline fares and boosting the market growth.

Europe was the second largest market in terms of revenue generation and is expected to register a CAGR of 2.91% during the forecast period. In North America, in-flight catering service has ceased expanding in recent years, however, in South America it has shown strong and continuous growth, particularly in Brazil and Peru. This is attributed to technological developments in South America. Moreover, rapid development in the Middle East, in terms of infrastructure and technology, drives the growth of the LAMEA in-flight catering service market. However, weak economies in Africa hamper the spending of consumers, which in turn restrains the market growth.

Access Full Summary: https://www.alliedmarketresearch.com/in-flight-catering-service-market

The major players in the industry have adopted strategies such as acquisition, partnership & agreement, merger, and geographical expansion to expand their market share and increase profitability. The key players operating in the in-flight catering service industry include Gategroup, Newrest Group International S.A.S, LSG Sky Chefs, Do & Co, Emirates Flight Catering, SATS Limited, Cathay Pacific Airways Limited, Flying food Group LLC, Saudi Airlines Catering Company, and Royal In-Flight Catering.

Key Findings of the In-Flight Catering Service Market:
North America is expected to lead the global in-flight catering service market, growing at the highest CAGR of 3.78%, in terms of revenue, from 2018 to 2026.
Based on aircraft class, the economy class segment occupied around 51% of in-flight catering service market share of the total market in 2018.
By flight type, the full service segment occupied a major share of the global market in 2018, in terms of revenue.
U.S. is the largest country, in terms of revenue generation, in the global in-flight catering service market, and is expected to grow at a CAGR of 3.49% from 2018 to 2026.
Based on food type, the meals segment occupied around 45% the market share of the total market in 2018.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com/
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release In-Flight Catering Service Market is Predicted to boost its value to USD 24,113 million by 2026 here

News-ID: 1924346 • Views: 215

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Catering

In-Flight Catering Market Is Booming Worldwide | UpperSky Catering, SAAC Ltd., S …
HTF MI recently introduced Global In-Flight Catering Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are UpperSky Catering, SAAC Ltd., SATS, Newrest Catering, Journey Group Pls., LSG
Premium mobile coffee catering company offering coffee catering in Sydney
Level Eighteen is a premium mobile coffee catering company in Sydney offering quality services for home functions and parties. Mobile catering is a method of preparing foods or drinks at any place in the parties. Coffee is the most important and common drink served during the functions. Coffee is prepared from the coffee beans, at first beans are roasted and ground well to produce a coffee powder. Level eighteen make
Global In-Flight Catering Services Market 2017 - Perth Inflight Catering, Newres …
The Report describe In-Flight Catering Services Introduction, product scope, market overview, opportunities, risk, driving force also to analyze the top manufacturers, with sales, revenue, and price, market type and application, with sales market share and growth rate by type, application, from 2017 to 2022 The study Global In-Flight Catering Services Industry 2017 is a detailed report scrutinizing statistical data related to the Global In-Flight Catering Services industry. Historical data available in
In-Flight Catering Services Market 2017 AAS Catering, ANA Catering, Cathay Pacif …
Global In-Flight Catering Services Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This In-Flight Catering Services Industry report also states Company Profile, sales, In-Flight Catering Services Market revenue and price, market share, market growth and gross margin by regions.The following summary will give an overview of the causes, processes, and possible effects of the market research proposal. Enquiry for buying report @ https://goo.gl/hzojNF Top Manufacturers/Key Players:- SATS
Self Catering Aylesbury
Ardenwood is a self catering apartment in Aylesbury, which is located in the county town of Buckinghamshire in South East England. Up to four persons can stay in the flat, and it comes with 2 single beds and a double futon, bathroom, and kitchen. The flat is located 1.5 miles from Aylesbury town centre and provides a clean, modern, and bright accommodation in a well maintained building. The building is
Hotel & Catering Jobs In Tamilnadu
Hoteliers Talk (paper & online) is India's first career and equipment guide for hoteliers. It is a paper which carries job opportunities, data base of the job seekers and equipment information in India and abroad.Placement advertisements are absolutely free of charge for Star Hotels, Resorts, Guest Houses, Clubs, Pubs, Bars & Restaurants, Hotel Management Institutes / Colleges, Cruise Liners Agencies, Overseas Agencies, Man Power Consultancy, Hotel Job Seekers etc.,. In