Global In-Flight Catering Services Market Valued at USD 15.22 Billion in 2023, Projected to Grow at a 11.52% CAGR, Reaching USD 32.65 Billion by 2030

Global In-Flight Catering Services market was valued at US$ 15.22 Billion in 2023, growing from US$ 32.65 Billion in 2030. It is estimated that the Global Market is to grow at a CAGR of 11.52% over the forecast period.

In-Flight Catering Services Market Overview:

The COVID-19 pandemic has triggered a full-fledged crisis, with travel restrictions and airline cancellations imposed around the world in an effort to halt the virus's spread. Some airlines supplied cold meals/pre-packaged food to their passengers with bottled water due to safety regulations. Even if the sector showed signs of improvement in 2021, passenger traffic, particularly foreign traffic, was much lower than it had been prior to COVID-19. However, airlines in the North American and European areas have begun to reintroduce their pre-COVID-19 lunch menus.

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In-Flight Catering Services Market Dynamics:

The meals come in a wide range of flavors and differ from one company to the next and from one region to the next. Various guidelines and regulations regulate the inflight catering provider in providing passengers with high-quality food and food products. EgyptAir, Emirates, Etihad Airways, Garuda Indonesia, and other airlines, for example, delivered Halal-certified meals free of pork and alcohol in conformity with Islamic standards. Non-Muslim travelers can still get wine from Emirates, Etihad, and Qatar if they ask for it. A modest snack or beverage in short-haul economy class to a seven-course gourmet dinner in first class on a long-haul flight are all options. The food on offer frequently incorporates characteristics of local cuisine, sometimes from both the destination and origin nations.

In-Flight Catering Services Market Regional Analysis

Despite the fact that North American airlines' full-year passenger traffic plummeted by 65.6 percent compared to 2019, the area still had the world's greatest share of passenger traffic (RPK), accounting for around 32.6 percent of worldwide RPKs, according to IATA. As passenger traffic grows in 2021, numerous airlines in the region are resuming transatlantic routes with inflight menus similar to those available prior to COVID-19.

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In-Flight Catering Services Market Segmentation:

By Aircraft Class, In-Flight Catering Services are segmented into Economy Class, Business Class, and First Class. In 2021, the economy class sector commanded more than 60% of the market share, owing to rising consumer preference for economy class for short to medium length travel distances. Over the last few years, APAC has experienced a rise in disposable income and middle-class population, boosting demand for economy class aeroplane seating in the industry.

Leading In-Flight Catering Services Market key industry:

LSG Group (Germany)
Dnata (UAE)
Servair (France)
Goddard Catering Group (U.S.)
Newrest Catering (France)
Royal Holdings (Japan)
Journey Group PLC (U.K.)
DO & CO (Austria)

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Key questions answered in the In-Flight Catering Services Market are:

What segments are covered in the In-Flight Catering Services Market report?
Which region is expected to hold the highest share in the In-Flight Catering Services Market?
What is the market size of the In-Flight Catering Services Market by 2030?
What is the forecast period for the In-Flight Catering Services Market?
What was the market size of the In-Flight Catering Services Market in 2023?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations


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