In-flight Catering Services Market Set to Achieve a Strong 5% CAGR by 2031, Surpassing US$ 27 Billion

The global In-flight Catering Services market is estimated to attain a valuation of US$ 27 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5% during the forecast period, 2022-2031.

Growing passenger demand for food services on board has resulted from a rise in the number of non-stop as well as long-haul flights, largely owing to a surge in business and leisure tourism activities. Airlines all around the world are setting a suitable pricing range for meals on board to distinguish themselves apart from their competitors. This is done to improve the entire passenger travel experience and, as a result, the in-flight experience. These factors are likely to support growth of the global in-flight catering services market in the years to come.

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Rise in International Travel for Leisure and Business to Drive Growth of the Asia Pacific Market

In terms of region, the global in-flight catering services market is classified into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. It is expected that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.

Asia Pacific is likely to dominate the market over the forecast period, from 2022-2031. A surge in overseas travel and tourism, as well as an increase in the middle-class population and a higher standard of life, are key factors in the expansion of the global in-flight catering services market. Furthermore, the region's growing number of airline carriers is projected to generate substantial development possibilities for in-flight food suppliers.

Over the forecast period, Europe is expected to grow at a significant rate. A rising number of legacy airlines are moving into the low-cost market in the area, which is likely to boost demand for onboard food services on low-cost flights. In addition to that, rising capacity of passenger spending for organic as well as healthy meals, and airline partnership with hands-on experience culinary specialists, are projected to offer significant development prospects in the near future. The launch of new destinations and routes and the expansion of aircraft fleets by the major operators are also expected to promote growth of the global in-flight catering services market.

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Customer-centricity of the Airlines Sector to Shoot Up Demand for In-flight Catering Services in the Market

The customer-centricity of airlines is reflected in the rise of the global in-flight food services industry. Through their superior services, renowned airlines have gained the trust of regular flyers. Furthermore, the aviation business has evolved into customer-focused, sophisticated, and regulated industry. The significance of in-flight food services in providing value to customers' experiences has fueled industry expansion. Airlines spend a lot of money educating flight attendants to deliver high-quality food services. Furthermore, airlines are devoting a significant amount of effort on determining the finest in-flight meal choice. As such, it is reasonable to assume that the global in-flight catering services market is likely to observe growth in the years to come.

The information shared in this review is based on a TMR report, bearing the title, "In-flight Catering Services Market (Offering - Main Course, Breakfast, Starters and Platters, Desserts, and Beverages; Provider - Culinary Only Providers, Culinary and On-Board Supplies Providers, and Complete Solution Providers; Catering Service Type - In-House, Outsource Hotels, and Small Caterers; Service Type - Premium Service and Economic Service; Airline - Low Cost Carriers and Traditional Airlines; Flight - Short Haul and Long Haul) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022 - 2031"

The list of key players operating in the In-flight Catering Services market includes following names:

LSG Sky Chefs Inc., Frankenberg GmbH, AAS Catering CO. Ltd., Dnata, Do & Co Aktiengesellschaft, Flying Food Group, LLC, Gate Gourmet, Newrest Group International S.A.S, SATS Ltd., and Air Culinaire Worldwide LLC.

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The global In-flight Catering Services is segmented based on:

Offering

Main Course
Breakfast
Starters and Platters
Desserts
Beverages

Provider

Culinary Only Providers
Culinary and On-Board Supplies Providers
Complete Solution Providers

Catering Service Type

In-House
Outsource Hotels
Small Caterers

Service Type

Premium Service
Economic Service

Airline

Low Cost Carriers
Traditional Airlines

Flight

Short Haul
Long Haul

Region

North America
US
Canada
Europe
Germany
France
Italy
Spain
U.K.
Rest of Europe
Middle East and Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Asia Pacific
China
Japan
India
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America

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