In-Flight Catering Service Market Growth Analysis by Leading Key Players Gategroup, LSG Sky Chefs, Do & Co, SATS Limited, Royal In-Flight Catering

Global In-Flight Catering Service Market by Aircraft Class, Flight Type, Food Type, and Region: Global Opportunity Analysis and Industry Forecast, 2019–2026.

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. The economy class segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period.

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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.

Due to growth in urban middle class population in developing countries such India, China, and Brazil people continue to migrate to cities for economic opportunity, the middle class will expand and begin to travel. Furthermore, additional domestic routes in developing countries and supportive government policy are further expected to boost the market growth.

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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 in-flight catering service market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, 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).

Region wise, North America was the largest market in 2019, owing to rise in number of passengers travelling for business and tourism in the North American region. Population growth, economic growth, and social factors are expected to drive the in-flight catering service market trends in Asia-Pacific. The present level of efficient in-flight catering service technology has helped in increasing the profitability and is expected to further boost the in-flight catering service industry growth.

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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.
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.

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