In-Flight Catering Service Market predicted to reach USD 26.68 billion by 2030 with a CAGR of 3.3%

The Global In-Flight Catering Service Market size is estimated to be USD 18.67 billion in 2019 and is predicted to reach USD 26.68 billion by 2030 with a CAGR of 3.3% from 2020-2030.

In-Flight Catering Service deals with the in-flight meals served to the passengers and cabin crew is prepared by the catering companies and provided to the flights. These catering companies have to follow the guidelines and regulations provided by the airlines which different from region to region. Such as Etihad Airways, Egyptair has special regulation that meat provided on the flight should be halal certified with no pork as per the Islamic customs.

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Top Companies: Newrest Group International S.A.S, Gategroup, LSG Sky Chefs, SATS Limited, Do & Co, Emirates Flight Catering, Flying Food Group LLC, Cathay Pacific Airways Limited, Royal In-Flight Catering and others.

Market Dynamics and Trends

There have been developments in the living standards owing to increase in disposable income and increase in tourism industry. Furthermore, increase in air travel, coupled with increase in airlines which are further expected to propel the growth of in-flight catering service market.

The other factors include increase in domestic and international flights coupled with increase in long distance flight coupled with increased adoption of online food booking has also increased the airlines collaboration with catering service provider are also expected to fuel the market growth. However, lack of food choice s provided by the airlines is expected to hamper the growth of in-flight catering service market. Moreover, increase in aviation industry and increasing collaboration coupled with increased investment are expected to create ample opportunities in the in-flight service market over the forecast period.

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Market Segmentations and Scope of the Study:

The global in-flight catering service market share is analyzed on the basis of aircraft class, flight type, food type and geography. On the basis of aircraft class, the market is segmented into Economy Class, Business Class, and First Class. Based on flight type, the market is fragmented into full service and low cost. On the basis of food type, the market is divided into Meals, Bakery and Confectionary, Beverages, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to account for the major market share over the forecast period with increased adoption of in-flight catering services. Furthermore, increase in aviation industry coupled with increased international and domestic flights are also expected to fuel the growth of in-flight catering service market over the forecast period.

Asia Pacific is expected to show significant growth with increasing market share owing to the increase in disposable income coupled with increased adoption of online meal booking with increasing collaboration in the market are further expected to propel the growth of in-flight catering service market over the forecast period.

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