In-Flight Catering Services Market Set to Expand at a 9.3% Compound Annual Growth Rate by 2030

In-flight Catering Services Market Overview

The size of the In-Flight Catering Market was estimated to be USD 15.5 billion in 2021. The in-flight catering services market will grow from USD 16.9 billion in 2022 to USD 31.6 billion by 2030 at a compound annual growth rate (CAGR) of 9.3% during the forecast period (2022 - 2030).
Increase in provision of personalized and organic in-flight meals to passengers are the key market factors fueling the growth of the in-flight food service market. With advances in in-flight food automation and food management, airlines offer a superior experience to passengers.

An example of a personalized service that airlines are always looking for is pre-ordered meal deals. In February 2020, American Airlines expanded the availability of pre-ordered meal services for first class passengers on American Eagle domestic flights. The company wants to offer regionally appropriate food to customers. This is then expected to drive market expansion. Companies are also embracing a unique trend to help meet their customers' special diets and improve customer satisfaction: offering continental meals. Most in-flight caterers and airline caterers strive to improve their supply chain management (SCM) to produce quality products while effectively managing their in-flight catering supplies. Major market players are adopting cutting-edge modalities and systems in the production control sector to strengthen and improve processes and systems.

IT management systems, inventory management systems, lean manufacturing and just-in-time manufacturing are some of the most important tools food suppliers use to improve their offerings. The IFE system allows travelers to place orders through these companies. All Emirates business class flight attendants have recently received meal ordering devices. Consequently, such factors are expected to increase the CAGR of the in-flight food service market globally in recent years.

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Segmentation

Classification market segmentation based on aircraft class includes first class, business class, premium economy class and economy class. In 2021, the economy class segment was mainstream. In-flight catering market segmentation by flight type includes industry full service and low cost. More than 70% of market turnover in 2021.

In-flight food services market segmentation by type of catering includes bakery and confectionery, meals, beverages and others. In 2021, the dinner sector had the largest share of revenues - more than 50.0%.

By region, the study provides a market overview of North America, Europe, Asia Pacific and rest of the world. The region with the largest revenue share in 2021 - more than 30.0% - was Asia Pacific. A boom in foreign travel and tourism, rapid urbanization, rising living standards and aspirational tourism, as well as a recovery in discretionary spending, are all contributing factors to regional growth. In addition, in-flight catering providers are likely to have excellent expansion opportunities due to the growing number of airlines in the region. The region is expected to experience the fastest growth, which is mainly due to significant growth in international air travel and tourism in developing countries such as China, India and Vietnam.

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Competitor Landscape

Key Companies in the in-flight catering services market include
SATS
Servair
Egypt Air In-Flight Services
Goddard Catering
Air Culinaire
Emirates Flight Catering
Dnata
Do & Co
Compass Group
Gate Gourmet

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