Demand For In-Flight Catering Is Likely To Surge At A CAGR Of 6.5% From 2021-2031

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.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐓𝐨 𝐠𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐓𝐚𝐛𝐥𝐞 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬):
https://www.factmr.com/connectus/sample?flag=S&rep_id=945

𝐇𝐨𝐰 𝐢𝐬 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐃𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐀𝐢𝐫 𝐏𝐚𝐬𝐬𝐞𝐧𝐠𝐞𝐫𝐬 𝐁𝐨𝐨𝐬𝐭𝐢𝐧𝐠 𝐌𝐨𝐦𝐞𝐧𝐭𝐮𝐦?
According to the International Air Transport Association (IATA), the international and domestic air traffic across the global aviation industry has witnessed a significant surge since the past few years that has led to increased operational profits and overall net profits of airlines.
Moreover, the increasing number of individuals opting for air travel is expected to boost the demand for in-flight catering services, in turn fuelling the growth of the in-flight catering market during the period of forecast. According to the analysis of the International Air Transport Association (IATA), more than seven billion passengers are expected to opt for air travel by end of 2036, with a 3.6 percent year-on-year growth.

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

𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲-𝐖𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐖𝐡𝐲 𝐢𝐬 𝐈𝐧-𝐅𝐥𝐢𝐠𝐡𝐭 𝐂𝐚𝐭𝐞𝐫𝐢𝐧𝐠 𝐟𝐨𝐫 𝐌𝐚𝐢𝐧 𝐂𝐨𝐮𝐫𝐬𝐞 𝐅𝐨𝐨𝐝𝐬 𝐑𝐢𝐬𝐢𝐧𝐠?
According to Fact.MR, In-flight catering market growth is largely pushed by the increasing demand for main courses by passengers on-board. One of the main reasons for high main course demand is the growing traffic in long-haul flights that have remained instrumental in fuelling demand for in-flight catering services on a large scale. A CAGR of 5% is anticipated for main course in-flight catering.
In long-haul flights, airlines are providing three-course meals with beverages and salads offered as complementary dishes. This factor has significantly raised the demand for main courses, given their packaged benefits. Albeit at a low revenue base as compared to main courses, beverages are expected to witness substantial demand among customers, particularly millennials and kids.

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.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=945

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

Key Companies Profiled:
• Emirates Group
• HNA Group Co. Ltd.
• Newrest First Catering Ltd.
• Flying Food Group
• Journey Group Plc.
• Do & Co. AG
• Deutsche Lufthansa AG
• Saudia (Saudi Arabian Airlines)
• SATS Ltd
• Universal Weather and Aviation Inc.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

https://www.prnewswire.com/news-releases/global-sprockets-market-growth-banking-on-a-post-pandemic-automotive-and-construction-industry-recovery-factmr-study-301264144.html

https://www.prnewswire.com/news-releases/demand-for-security-solutions-in-bfsi-and-government-sectors-driving-biometrics-middleware-market-factmr-301265133.html

https://www.prnewswire.com/news-releases/demand-for-industrial-gear-solutions-with-complex-designs-driving-gear-measuring-machines-market-factmr-301266718.html

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email: sales@factmr.com

About Us:
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.