In-Flight Catering Services Market Trends, Top Companies, Share, Growth And Forecast 2033

The in-flight catering services market size has grown strongly in recent years. It will grow from $16.96 billion in 2023 to $18.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to crisis adaptation, air travel expansion, evolving dietary preferences, focus on service quality, globalization of cuisine.

The in-flight catering services market size is expected to see strong growth in the next few years. It will grow to $25.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to adaptation to health and safety protocols, globalization of culinary offerings, demand for on-demand services, premium and luxury market growth, sustainability and eco-friendly practices. Major trends in the forecast period include rise of on-demand services, customization and personalization, health and wellness focus, sustainability initiatives, premium and luxury services.

Market Overview -
In-flight catering services are used to feed passengers packaged food and beverages while in flight. Flight catering service refers to an airline meal, airline food, or in-flight meal. These catering services provide highly specialized skills, technology, and quality-oriented food catering for airline passengers. These meals are prepared by catering companies.

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Increased Air Traffic Propels In-Flight Catering Services Market Growth
Increased air traffic is expected to propel the growth of the in-flight catering services market. In recent years, the number of people who travel by plane has skyrocketed. This indicates that a large number of individuals can now afford to travel by plane. The changing lifestyle coupled with increasing disposable income has triggered the increase in air travel demand for leisure and business purposes. In-flight catering has become important for travelers, especially for network carriers serving long distances. For instance, in November 2021, according to the Federal Aviation Administration, on a daily basis, the Air Traffic Organization (ATO) provides service to 2.9 million airline passengers in more than 45,000 flights across approximately 29 million square miles of airspace. Therefore, increasing air traffic is driving the growth of the in-flight catering services market.

Competitive Landscape -
Major companies operating in the in-flight catering services market report are Korean Air Catering Co. Ltd., Japan Airlines Catering Service Co. Ltd., Cathay Pacific Catering Services Ltd., Emirates Flight Catering LLC, Newrest Group Services SAS, Ethiopian Airlines Catering Services, Singapore Airport Terminal Services Ltd., Flying Food Group LLC, DO & CO Luftfahrt-Catering Service GmbH & Co. KG, Servair S.A., EgyptAir In-Flight Services, Bahrain Airport Services Co. (BAS), Air Culinaire Worldwide Inc., Air Fayre Ltd., Abby's Catering Ltd., Gate Gourmet Ltd., Journey Group plc, LSG Group GmbH & Co. KG, All Nippon Airways Catering Service Co. Ltd., AAS Catering (Air Atlanta Catering), KLM Catering Services Amsterdam B.V., Saudi Airlines Catering Company (SACC), Royal In-Flight Catering A/S, TajSATS Ltd., Aerofood Catering Services Ltd., Dubai National Air Transport Authority Catering, Airport Catering Services (ACS), TUI Catering Ltd., Eurest Catering Ltd., Turkish Airlines Catering services

In-Flight Catering Services Market Witnesses Growing Trend Of Increased Investments
Increasing investment is the key trend gaining popularity in the in-flight catering services market. Many companies operating in the in-flight catering services sector are focused on investments to meet customer demand. For instance, in June 2021, Newrest, a France-based company that provides in-flight catering services, signed a new inflight catering contract with an American airline in Atlanta. Through the contract, Newrest increases its capacity from 4,000 meals per day to 6,500 meals per day. New in-flight catering standards from Newrest provide good quality food to passengers.

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Key Segments -

The in- flight catering market covered in this report is segmented -

1) By Aircraft Seating Class: Economy Class, Business Class, First Class
2) By Source: In-house, Outsource
3) By Flight Type: Full Service Carriers, Low Cost Carriers
4) By Food Type: Meal, Bakery and confectionery, Beverage, Other Types

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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