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Growing Traffic In Long-Haul Flights Have Remained Instrumental In Fuelling Demand For In-Flight Catering Services On A Large Scale

01-18-2022 03:33 AM CET | Fashion, Lifestyle, Trends

Press release from: Fact MR

InFlight Catering Industry Analysis
The global In-flight catering market exceeding a valuation of around USD 7.3 billion by 2021, and it is projected to reach USD 13.7 billion by 2031, registering a CAGR of 6.5% during the forecast period 2021-2031.

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Market Size (2021) US$ 7.3 Bn
Projected Market Forecast Value by 2031 US$ 13.7 Bn
Value CAGR (2021-2031) 6.5%

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Demand Analysis of the In-Flight catering of 2016-2020 Vs Market Outlook for 2021 to 2031
As per Fact.MR – market research and competitive intelligence provider, during the historic period of 2016 to 2020, the market expanded at a CAGR of around 5%. Be it international or domestic, the increasing number of individuals preferring air travel remains a key factor influencing the growth of the market.

Moreover, different types of in-flight catering services offered in airlines are attracting new businesses across the globe which has made it compelling for in-flight catering service providers to offer high quality and timely services. To enhance the in-flight experience through the in-flight catering service, the prominent players are adopting digitally enabled services like the use of smartphones for food & beverage orders.

Few airlines operating globally also allow passengers to place orders via in-flight entertainment systems. Moreover, some of the airlines are serving regional/ continental meals in order to satisfy the native cravings of the onboard passengers. The word-of-mouth advertising of such trends can certainly contribute to the growth of the in-flight catering market. Considering the aforementioned factors, the market for in-flight catering is projected to touch US$ 13.7 Bn by 2031.

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Will Food Innovations Present Lucrative Opportunities Across Regional Markets?
Airlines use in-flight catering services to improve the in-flight experience of their passengers. Leading airlines across the globe are implementing advanced technologies in order to better their in-flight catering services while adding innovation in food products as per the cuisine preferences of consumers.

In addition, they are following a unique trend of offering regional as well as continental meal options to their passengers, which helps satisfy specific meal requests of passengers, thus increasing passenger satisfaction levels. Furthermore, the majority of airline caterers and in-flight catering service providers in the market are improving their supply chain management (SCM) in order to achieve high-quality products along with cost-effectiveness in their in-flight catering operations.

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Key Segments Covered

Offering Type

Main Course In-Flight Catering
Beverages In-Flight Catering
Breakfast In-Flight Catering
Starters & Platters In-Flight Catering
Desserts In-Flight Catering

Service Type

In-Flight Catering for Full Service Carriers
In-Flight Catering for Low-Cost Carriers

Airline Category

Economy Class In-Flight Catering
Business Class In-Flight Catering
First Class In-Flight Catering

Provider Type

In-Flight Culinary Only Provider
In-Flight Culinary & On-Board Supplies Provider
In-Flight Complete Solution Provider

Competitive Landscape

The competitive landscape of the in-flight catering market is shaped by product innovation and strategic mergers & acquisitions. Frontrunners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:

In May 2021, Emirates Flight Catering owned Foodcraft collaborated with noon Daily, noon.com’s dedicated grocery platform. The objective of this partnership was to enhance delivery outreach during the festival of Eid, for which the company released a new range of frozen ready-to-cook meals
Since November 2021, Newrest First Catering has officially begun providing catering services to United Airlines in Houston, Texas. As part of its contract, the company provided catering and logistic solutions to 427 aircrafts flying domestic and international routes. In the future, the company expects to supply 15,000 meals per day, to a maximum of 500 flights

Will In-Flight Catering Services Flourish across Low-Cost Carriers?

Low-cost carriers remain highly preferred amongst frequent flyers. Irrespective of the seating class, the increasing expectation of passengers to consume hygienic food is anticipated to fuel the demand for in-flight catering. Moreover, rising health awareness across the globe is impelling global in-flight catering market players to plan and mold their strategies accordingly.

Revenues of In-flight catering market from low-cost carriers are projected to touch nearly US$ 10 Bn by the end of 2031. LCCs are widely preferred for the short-haul and medium-haul segments. Some of these LCCs are offering premium in-flight catering services to gain the regional brand share. Also, economic airlines use food and in-flight catering services as a marketing tool.

For More Insights- https://www.einpresswire.com/article/556952826/why-is-the-japan-an-opportunistic-cellulose-automotive-air-filter-landscape-report-fact-mr

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