In-Flight Catering Services Market Insights, Current And Future Trends Forecast By 2026 | Dnata, Saudi Airlines catering, Gate Gourmet, LSG Group and Servair

The in-flight catering services market is also poised to exhibit substantial growth owing to the Asia Pacific region, primarily due to the rising number of air passengers in the region, which has further impelled the demand for commercial aircraft throughout the region. A research report by Global Market Insights Inc., estimates, the global in-flight catering services industry is set to exceed a valuation of $20 billion through 2026.

Meanwhile, it is to be noted that while the COVID-19 pandemic has majorly impacted the airlines sector on a global level. The industry is expected to bounce back considerably as soon as the situation is under control. This would further lead to continuation of the rising trend of air travel passenger number growth, thereby leading to market expansion, particularly in the APAC region. The APAC region will further continue to see rise in commercial aircraft demand owing to the projected rise in air passenger numbers across the region.

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Outsourcing is anticipated to dominate the overall market share through the forecast timeframe. This growth can be attributed to the increasing trend of outsourcing in-flight catering services to third party enterprises by airlines. This practice is gaining traction as outsourcing enables airlines to offer good quality food to its passengers while subsequently cutting their catering expenditure.

Bakery & confectionery food segment will register nearly one-fourth of the market share in 2026. The advent of healthier bakery and confectionery items will enhance the growth of the food type segment in the coming years.

The business class will hold nearly 20% share of the overall in-flight catering service market globally in 2026. Usually the cost of meal is included in the price of the ticket of business class travelers. The business class generates a substantial revenue share for the airline industry across the globe, though having only a limited number of seats for business-class passengers.

The Europe in-flight catering services market will account for nearly 20% market share in 2026. In the year 2018, the region recorded a year-on-year growth of nearly 6% with respect to air traffic. This will further continue to grow over the coming years. The rising regional traffic and the existence of matured airline industry will further increase the growth of in-flight catering market in Europe.

ANA Catering Service Co. Ltd., LSG Group, Emirates Flight Catering, Servair, Gate Gourmet, Royal Holdings, Dnata, Newrest Catering, Goddard Catering Group, Journey Group PLC, DO & CO, Saudi Airlines catering, and SATS Ltd are some of the major players operating in the in-flight catering services market. In addition to this, key market players are also adopting strategies like opening of new facilities, partnerships and acquisitions.

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Partial Chapter of the Table of Content
Chapter 4. In-flight Catering Services Market, By Aircraft Seating Class
4.1. Global in-flight catering services market aircraft seating class insights
4.2. Economy class
4.2.1. Global market estimates and forecasts, 2016 - 2026
4.2.2. Market estimates and forecast, by region, 2016 - 2026
4.3. Business class
4.3.1. Global market estimates and forecasts, 2016 - 2026
4.3.2. Market estimates and forecast, by region, 2016 - 2026
4.4. First class
4.4.1. Global market estimates and forecasts, 2016 - 2026
4.4.2. Market estimates and forecast, by region, 2016 - 2026
Chapter 5. In-flight Catering Services Market, By Source
5.1. Global in-flight catering services market source insights
5.2. In-house
5.2.1. Global market estimates and forecasts, 2016 - 2026
5.2.2. Market estimates and forecast, by region, 2016 - 2026
5.3. Outsource
5.3.1. Global market estimates and forecasts, 2016 - 2026
5.3.2. Market estimates and forecast, by region, 2016 - 2026

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/in-flight-catering-services-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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