Aviation Catering Market Higher Growth Rate and Forecast - 2031

Aviation Catering Market - Overview

The global aviation catering market is anticipated to expand at a favorable rate from 2021 to 2031 (forecast period). Increased passenger demand for food services onboard has resulted from a growth in the frequency of long-haul and non-stop flights, owing mostly to a surge in leisure and business tourism. Airlines throughout the world are distinguishing themselves from the competition by setting an acceptable pricing range for meals on board to improve the entire customer travel experience, consequently giving a better in-flight experience.

A constant rise in disposable income and increasing use of technological developments such as in-flight food and beverage ordering systems are projected to drive the global aviation catering market during the forecast period.

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Aviation Catering Market - Competitive Landscape

Leading players in the aviation catering market are LSG Group, Saudi Airlines Catering Company (SAAC), Gategroup Holding AG, Cathay Pacific Catering Services (H.K.) Limited, China Eastern Air Catering Investment Co., Ltd., dnata, SATS Ltd., DO & CO, Aktiengesellschaft, Emirates Flight Catering, Flying Food Group, Newrest, and Royal Holdings Co. Ltd.

Market players are adopting marketing strategies such as alliances, investments, acquisitions, technological developments, and R&D activities to boost their worldwide presence.

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Aviation Catering Market - Trends and Opportunities

As per the International Civil Aviation Organization, the aviation business has grown dramatically over the previous two decades, with passenger numbers increasing from 1.467 billion in 1998 to 3.979 billion in 2017. Airlines are expanding their capacity to service more passengers by updating their fleets, purchasing newer, more fuel-efficient planes, and becoming more competent retailers to keep up with low-cost competitors while retaining strong profitability. Thus, the expansion of the aviation sector is estimated to increase the number of airline passengers, resulting in the expansion of the global aviation catering market.

The aviation industry is expanding rapidly across the world as a result of thriving tourism sectors, decreasing flight prices, and a demand for better connectivity in an increasingly globalized economy. Moreover, the rise in spending power of the middle class, particularly in emerging nations, is expected to boost the global aviation catering market. Furthermore, the demand for improved onboard eating experiences is projected to propel the global aviation catering market. This is bolstered further by the deployment of high-level services such as mixed buy order, meal pre-selection, and complimentary catering choices for meeting individual passenger needs.

Significant technology improvements and increased automation in the food and beverage business, such as the use of tablets and mobile devices for ordering meals, and assuring the flawless operation and management of catering services, are anticipated to increase the sales of aviation catering market. Moreover, promising projects implemented by governments of numerous countries to raise in-flight catering benchmarks by ensuring food safety, sanitization, and hygiene, particularly during the continuing outbreak of COVID-19, are improving the aviation catering market outlook. Increasing consumer expenditure capabilities, a continually expanding number of air passengers, and the launch of premium meal plans by airline firms and catering services are anticipated to bolster the global aviation catering market growth.

Aviation Catering Market - Regional Landscape

The Asia Pacific aviation catering market is projected to grow during the forecast period due to increased population, rising disposable income levels, and favorable government regulations. Countries such as China and India are pouring money into airport infrastructure projects. Aside from these two, other countries, including Vietnam, Indonesia, Colombia, the Philippines, and Malaysia, are positioned to be rapidly expanding air passenger travel destinations.

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North America is expected to experience growth in the global aviation catering market due to a growth in tourists and business travelers. Since residents in the region have higher disposable incomes, they spend a lot of money on onboard catering.

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