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In-flight Catering Service Market Will Generate New Growth Opportunities by 2025

09-27-2022 07:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The insight partner

/ PR Agency: The Insight Partner
The Insight Partner

The Insight Partner

According to our latest market study on "In-flight Catering Service Market Forecast to 2025 - Global Analysis - by Catering Service, Catering Types, Aircraft Class, and Flight Type," the market is expected to grow from 17.96 billion in 2017 to US$ 29.0 billion by 2025; it is estimated to grow at a CAGR of 6.4% from 2018 to 2025. Growing demands for enhanced inflight experience from passengers to provide growth opportunities for in-flight catering service market during 2018-2025.

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Key Companies:
ANA Catering Service Co. Ltd.; Deutsche Lufthansa AG; DO & CO Aktiengesellschaft; Egyptair In-flight Services; Emirates Flight Catering; Flying Food Group LLC; Gategroup; Newrest Group; SATS Ltd.; and Saudi Airlines Catering

Demands for business, reuniting with family, tourism, and vacationing have propelled a sudden growth in inflight catering services across the globe. Passengers demand choice, quality, consistency, and higher quality food to find the best in-flight experiences. Many airlines such as Alaska Airlines are focusing on safely adding food and beverage services to their in-flight meal service. Many US airlines are introducing in-flight hot meals for intercontinental and international flights. United Airlines introduced the option to pre-purchase in-flight meals in September 2021. American Airlines has upgraded its in-flight meal service depending on flight length. Delta Air Lines has added meals with fresh ingredients local to flight origin. Such efforts and initiatives provided by the market players is anticipated to boost the global in-flight catering service market growth significantly.

The European airlines represent the largest regional market for inflight catering services across the globe. Various startups are entering the catering services industry, which is anticipated to improve the in-flight catering service market outlook leading to its growth. For instance, gategroup, a leading global airline catering and equipment solutions provider, worked with Tasting HEIMAT to help Lufthansa bring traditional German cuisine to its inflight offerings. Many airlines focus on creative marketing strategies for their in-flight meals to retain potential customers. In 2020, Finnair, the largest airline of Finland, offered passengers to take its airline food home to help retain customer's enthusiasm for flying. Furthermore, Austrian Airlines and SWISS also sell leftover airline food to passengers at a reduced price. This is anticipated to boost the regional in-flight catering service market share. In Asia Pacific, China, Japan, India, and South Korea are important markets with a growing middle-class with increased disposable income and changing standard of living. Growing demands for inflight catering services have enabled Japan Airlines to recognize the need for better in-flight food and hire an expert chef to improve their offerings. Continued investment in India and other South East Asian nations to differentiate themselves from the competition is anticipated to enhance the regional in-flight catering service market outlook.

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In-flight Catering Service Market Insights
Rising collaborations of airlines with app platform and service providers

Emergence of various startups and app platform providers in the catering service industry is bolstering the in-flight catering service market size. Swiss International Air Lines (SWISS) recently partnered with app platform "Too Good To Go" for the trial of the initiative of offering its customers unsold fresh food items at reduced prices to minimize waste on the last flights of the day. The airline is offering any fresh food items that are unsold at the end of the flight which is communicated via an inflight announcement, and interested passengers are offered with one, two, or three fresh food items at one third of their usual price. Such waste management strategies and initiatives on board are anticipated to propel the global in-flight catering service market share. Data analysis is helping the airlines to use historical sales information to tailor their fresh products. SWISS has also partnered with well-established Swiss confectionery company Confiserie Sprüngli to boost its economy class service by introducing fresh items to its 'SWISS Saveurs' menu. In April 2018, global air services provider dnata signed an agreement to acquire Qantas' catering businesses that includes wholly owned subsidiaries Q Catering Limited and Snap Fresh Pty Limited. The agreement aims to utilize dnata's network strength and international talent with Qantas' domestic catering expertise to further grow dnata's presence across Australia. Significant investment in infrastructure is anticipated to provide lucrative growth opportunities for the market players leading to an enhanced in-flight catering service market share.

In-flight Catering Service Market Segmentation:
by Catering Service
In-house
Outsourced

By Catering Types
Full Meal
Snacks

By Aircraft Class
First Class
Business Class
Premium Economy
Economy

By Flight Type
Full Service Carrier
Low Cost Carrier

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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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