Global In-flight Catering Market is projected to reach the value of $27.16 billion by 2030.

According to the report published by Virtue Market Research , In 2023, the Global In-flight Catering Market was valued at $7.3 billion and is projected to reach a market size of $27.16 billion by 2030. Over the forecast period of 2023-2030, market is estimated to grow at a CAGR of 17.85%.

The in-flight catering industry has experienced significant growth over the past few years, driven by several market drivers, opportunities, and trends. However, the COVID-19 pandemic has had a profound impact on the industry, leading to changes in the way business is conducted. One of the long-term market drivers in the in-flight catering industry is the growing demand for air travel. With the rise of globalization, people are traveling more frequently for both leisure and business purposes. As a result, airlines are expanding their services, including the food and beverage offerings provided to passengers. This trend is expected to continue in the coming years, driving growth in the in-flight catering market.

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However, the COVID-19 pandemic has had a significant impact on the in-flight catering industry. With the decline in air travel demand, airlines have been forced to cut back on their services, including food and beverage offerings. In-flight catering companies have also been affected, with reduced demand for their services. Many have had to lay off workers or shut down operations temporarily. The pandemic has also forced companies to adopt new health and safety measures to protect both workers and passengers, further impacting operations.

Trend Despite the challenges brought on by the pandemic, there are still short-term market drivers, opportunities, and trends in the in-flight catering industry. One of the short-term market drivers is the growing demand for regional and low-cost airlines. These airlines have been expanding rapidly in recent years, providing a new market for in-flight catering companies to tap into.
One opportunity in the in-flight catering industry is the increasing focus on healthy and sustainable food options. With growing concerns about the impact of air travel on the environment, airlines and catering companies are looking for ways to reduce their carbon footprint. This includes offering more plant-based meal options and using eco-friendly packaging materials.

One trend observed in the in-flight catering industry is the growing use of technology. In-flight catering companies are using advanced software to manage inventory, streamline operations, and reduce waste. Airlines are also adopting new technologies to improve the passenger experience, such as online ordering systems and contactless payment options.

Segmentation Analysis:

The global In-flight Catering Market segmentation includes:

By Flight Type: Full-Service Carrier (FSC), Low-Cost Carrier (LCC), Others

FSC is the largest segment, with a significant share of the market. This is because FSC airlines typically offer more extensive food and beverage options to their passengers, including multiple meal services on long-haul flights. However, during the forecast period, FSC is also expected to be the fastest-growing segment in the in-flight catering market, driven by the growing demand for premium services among air travelers.

By Class: Economy Class, Business Class, First Class, Others

Another way to segment the in-flight catering market is by class, including Economy Class, Business Class, First Class, and others. The largest segment in this category is Economy Class, accounting for a significant share of the market. This is because Economy Class is the most common type of air travel, with many passengers opting for budget-friendly options. However, during the forecast period, Economy Class is also expected to be the fastest-growing segment in the in-flight catering market. This is due to the growing demand for healthier and more diverse food options among budget-conscious travelers.

In-flight catering companies must cater to the unique needs and preferences of each flight type and class. For example, FSC airlines typically require a wider range of food and beverage options to cater to their premium passengers, while LCC airlines may focus more on budget-friendly options. Similarly, the needs of passengers in different classes can vary widely. First Class passengers often expect high-end gourmet options and premium beverages, while those in Economy Class may be more interested in snacks and budget-friendly meal options.

In recent years, there has been a growing trend towards healthier and more sustainable food options in the in-flight catering market. This trend has been driven by increased awareness of the impact of air travel on the environment, as well as growing concerns about the health effects of processed and unhealthy foods. In response, many airlines and catering companies are now offering more plant-based and organic food options, as well as eco-friendly packaging materials.

In addition to healthier and more sustainable options, there has also been a growing focus on technology in the in-flight catering industry. In-flight catering companies are using advanced software to manage inventory, streamline operations, and reduce waste. Airlines are also adopting new technologies to improve the passenger experience, such as online ordering systems and contactless payment options. These technologies not only improve efficiency but also allow catering companies to offer more personalized and convenient services to passengers.

By Food and Beverages: Meal, Bakery & Confectionery, Beverage, Others

The in-flight catering market is a critical part of the airline industry, providing food and beverage services to passengers during their flights. This market can be segmented by the type of food and beverage offered, including meals, bakery and confectionery, beverages, and others. Of these, meals are the largest segment, with a significant share of the market. This is because meals are a crucial part of the in-flight experience, particularly on long-haul flights. Passengers often expect multiple meal services, including breakfast, lunch, dinner, and snacks, depending on the length of the flight. During the forecast period, meals are also expected to be the fastest-growing segment in the in-flight catering market, driven by the growing demand for more diverse and healthier food options.

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Regional Analysis:

The largest segment in this category is Asia-Pacific, accounting for a significant share of the market. This is because the region is home to some of the world's largest airlines, including China Southern Airlines, Air China, and Japan Airlines. Additionally, Asia-Pacific is home to some of the world's fastest-growing economies, driving demand for air travel and in-flight catering services. During the forecast period, Asia-Pacific is also expected to be the fastest-growing segment in the in-flight catering market, driven by the increasing number of passengers traveling to and from the region.

In-flight catering companies must cater to the unique needs and preferences of each region. For example, passengers in North America may prefer more traditional comfort foods, while those in Asia-Pacific may prefer more diverse and exotic flavors. Additionally, catering companies must comply with local regulations regarding food safety and quality, adding an extra layer of complexity to their operations.

In recent years, there has been a growing focus on healthier and more sustainable food options in the in-flight catering market, driven by increased awareness of the impact of air travel on the environment, as well as growing concerns about the health effects of processed and unhealthy foods. This trend is evident in all segments of the market, including meals, bakery and confectionery, and beverages. In response, many airlines and catering companies are now offering more plant-based and organic food options, as well as eco-friendly packaging materials.

In addition to healthier and more sustainable options, there has also been a growing focus on personalization in the in-flight catering industry. With the rise of technology, catering companies can now collect data on passengers' food and beverage preferences, allowing them to offer more personalized and tailored services. For example, a catering company may use data on a passenger's previous food choices to suggest meal options that are likely to be well-received. This not only improves the passenger experience but also helps catering companies reduce waste by offering only the food and beverage options that are most likely to be consumed.

Latest Industry Developments:

• In March 2021, dnata, a Dubai-based in-flight catering company, acquired the remaining 50% stake in Alpha LSG, a UK-based in-flight catering and logistics company. The acquisition made dnata the sole owner of Alpha LSG, strengthening its position in the European market.

• In November 2020, Singapore Airlines partnered with Impossible Foods to launch a new plant-based meat option for its in-flight meals. The partnership allowed Singapore Airlines to offer more diverse and sustainable food options to its passengers.

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Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.

This release was published on openPR.