Press release
Saudi Arabia Inflight Catering Service Market is Anticipated to Reach USD 570.96 Million and Growing at a CAGR of 7.78% During Forecast Period 2023 - 2030
Study on Saudi Arabia Inflight Catering Service Market by Infinium Global Research is a comprehensive presentation of qualitative and quantitative research to identify key trends, growth prospects, drivers, restraints and opportunities in the Saudi Arabia market. The report also deep dives into the sub-segments of the inflight catering service market by segments through main geographies in the Saudi Arabia market. Browse through over 100 tables and figures to get a complete view of the regional markets of inflight catering services over the period of 2023 to 2030. The Saudi Arabia inflight catering service market was valued at USD 316.12 Million in 2022 and is expected to reach USD 570.96 Million by 2030 and grow at a CAGR of 7.78% over the forecast period.To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/saudi-arabia/sample-request/16815
Skyrocketing Demand for Inflight Catering Services The inflight catering services industry is experiencing robust demand in tandem with the growing airline sector. In 2017, Saudi Arabia recorded an impressive 8% growth in passenger numbers, with a trajectory that may soon reach double digits over the coming years. The solid global economic backdrop, coupled with competition in the industry, has led to lower airfares, fostering an environment conducive to increased air travel. The surge in business confidence, stimulated by lower pricing and strong operating conditions, is further propelling the growth of the Saudi Arabia inflight catering services market.
Economic Expansion Driving Market Momentum Saudi Arabia's aviation industry is at the dawn of a new era, marked by rapid expansion, liberalization, and an ambitious diversification strategy. The country's ambitious Vision 2030 reform plan places tourism at the forefront, attracting both tourists and business travelers. As the airline market in Saudi Arabia rapidly expands, more airlines are entering the domestic market, leading to lower fares, increased demand, and accelerated growth. The aviation sector, in particular, has been a government priority, resulting in substantial investments and growth in both domestic and international flights. All these factors combined are set to significantly impact the inflight catering services market.
Regulatory Compliance and Business Challenges While the inflight catering sector is taking off, it faces numerous challenges, primarily driven by business and regulatory compliance. Stringent regulations related to food safety and security, along with catering to last-minute requests, short turnaround times, flight changes, and varying airport operational restrictions, make the industry especially demanding. Challenges such as the time and length of flights, embarkation and disembarkation points, labor costs, and ensuring meal quality under the unique conditions of air travel add complexity to the business.
Digital Innovation Opens New Horizons Prominent players in the inflight catering industry are embracing digital innovation to enhance the passenger experience. The use of smartphones and inflight entertainment systems to place food and beverage orders is becoming commonplace. For example, airlines like Emirates and Air New Zealand are enabling passengers to place orders through in-seat entertainment systems, transforming the inflight dining experience. These innovations promise to unlock significant growth opportunities for inflight catering services providers in Saudi Arabia.
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Table of Content
Chapter 1. Report Overview
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
Chapter 3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PEST-Analysis
3.4. Porter's Diamond Model for Saudi Arabia Inflight Catering Service Market
3.5. IGR-Growth Matrix Analysis
3.6. Competitive Landscape in Saudi Arabia Inflight Catering Service Market
Chapter 4. Saudi Arabia Inflight Catering Service Market by Food Type
4.1. Meals
4.2. Bakery And Confectionery
4.3. Beverages
4.4. Other Food Types
Chapter 5. Saudi Arabia Inflight Catering Service Market by Airline Type
5.1. Full Service Carriers
5.2. Low-cost Carriers
5.3. Hybrid And Others
Chapter 6. Saudi Arabia Inflight Catering Service Market by Aircraft Class
6.1. Economy Class
6.2. Business Class
6.3. First Class
Chapter 7. Company Profiles
7.1 Competitive landscape
7.2 Company Profiles
7.2.1 Gategroup
7.2.1.1 Overview
7.2.1.2 Company Snapshot
7.2.1.3 Product Portfolio
7.2.1.4 Recent Developments
7.2.2 LSG Sky Chefs
7.2.2.1 Overview
7.2.2.2 Company Snapshot
7.2.2.3 Product Portfolio
7.2.2.4 Recent Developments
7.2.3 Saudi Airlines Catering
7.2.3.1 Overview
7.2.3.2 Company Snapshot
7.2.3.3 Product Portfolio
7.2.4 dnata
7.2.4.1 Overview
7.2.4.2 Company Snapshot
7.2.4.3 Product Portfolio
7.2.4.4 Recent Developments
7.2.5 Adel Abuljadayel Flight Catering Company Limited
7.2.5.1 Overview
7.2.5.2 Company Snapshot
7.2.5.3 Product Portfolio
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/saudi-arabia/enquiry/16815
Reasons to Buy this Report:
=> Comprehensive analysis of regional markets of Saudi Arabia Inflight Catering Service.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling the business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meetings with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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