In-Flight Catering Services Market Size, Share, Analysis, Growth, Trends, Industry Report And Outlook

The new report published by The Business Research Company, titled ""In-Flight Catering Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
1. Executive Summary
2. In-Flight Catering Services Market Report Structure
3. In-Flight Catering Services Market Trends And Strategies
4. In-Flight Catering Services Market - Macro Economic Scenario
5. In-Flight Catering Services Market Size And Growth
…..
27. In-Flight Catering Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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