Press release
Inflight catering Market May Set New Growth Story: Gate Gourmet, LSG Sky Chefs, Sats
Inflight catering Market
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Inflight catering or airline food is a service provided by the companies to passengers during air travel as well as at the airport. Inflight Catering becomes an important part of the business nowadays, especially for the flights which serve long distances. Inflight catering includes two procedures in order to deliver the best possible services to the on-board passengers which are Meal planning and meal design. These meals are organized by expert airline catering services and served to passengers using an airline service trolley. According to the International Air Transport Association (IATA), catering planning and catering procedures are important areas for inflight services. The quality and quantity of the meals served in-flight differs by the different airline companies and class of travel of an individual. The rapid growth of the aviation industry is giving fuel to inflight catering in the market.
Inflight catering Market - Key Segment Analysis
The market share growth by the Meals segment will be significant during the forecast period. The segment is driven by the Development and Growth of the Aviation Industry, Rising Consumer Spending and Affordable Air Travel in Emerging Economies, Integration of Technology for the Ordering of Food and Beverages OnBoard, A Rise in the Number of Domestic and International Air Travel
Inflight catering Market - Competition Analysis
The global Inflight catering market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Gate Gourmet (Switzerland), LSG Sky Chefs (Germany), Sats Ltd. (Singapore), Cathay Pacific Catering Services (H.K.) Ltd. (Hong Kong), Dnata (United Arab Emirates), Flying Food Group (United States), Emirates Flight Catering (United Arab Emirates), IGS Catering Services (India), Jetfinity (United States), Newrest International Group S.A.S (France)
Inflight catering Market - Geographical Outlook
Europe will provide maximum growth opportunities in Inflight catering market. According to our research, the region will account for 31% of the global market growth during the forecast period. The market in Europe is driven by Development and Growth of the Aviation Industry, Rising Consumer Spending and Affordable Air Travel in Emerging Economies, Integration of Technology for the Ordering of Food and Beverages OnBoard, A Rise in the Number of Domestic and International Air Travel.
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What key data is demonstrated in this Inflight catering market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Inflight catering market between 2023 and 2028
Precise estimation of the size of the Inflight catering market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behaviour
Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Inflight catering market players
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Some Extracts from Table of Content
- Overview of Inflight catering Market
- Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
- Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
- Inflight catering Size (USD & Sales Volume) Comparison by Type (2017-2028)
- Inflight catering Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
- Inflight catering Size (Value & Volume) Comparison by Region (2017-2028)
- Market Capacity, Production, Export-Import by Region (2017-2022E)
- Inflight catering Market Sales, Revenue and Growth Rate (2017-2028)
- Competitive Situation and Trends
- Market Positioning and Share Analysis (2020-2022E)
- Suppliers High-Performance Operational Base Distribution
- Analyse competitors, Profiles, Sales Area, Product Category
- Inflight catering Cost Analysis
- Marketing Strategy Analysis
- Research Conclusions
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Inflight Catering Market Size, Future Trends
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: Inflight Catering Market was valued at USD 17.42 Billion in 2018 and is projected to reach USD 27.83 Billion by 2026, growing at a CAGR of 6.04 % from 2019 to 2026.
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