Press release
Global Inflight Catering Services Industry Size & Share, Forecast To 2031 | Passenger Experience & Premium Meals Drive Growth
Global Inflight Catering Services Market reached US$ 16.3 billion in 2023 and is expected to reach US$ 30 billion by 2031, growing at a CAGR of 8.1% during the forecast period 2024-2031.Inflight Catering Services Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Inflight catering services involve the preparation and delivery of meals, snacks, and beverages to passengers aboard commercial, charter, and private aircraft. These services are tailored to airline specifications, passenger classes, dietary preferences, and flight durations.
List of the Key Players in the Inflight Catering Services Market:
Gate Gourmet Do & Co, Dnata, Jetfinity, Newrest, Goddard Catering, Air Culinaire Worldwide, Cathay Pacific Inflight Services, LSG Lufthansa Service Holding AG, Emirates Flight Catering and Sats Ltd. among others.
Industry Development:
In April 2024, deSter partnered with Eastman to introduce innovative reusable in-flight drinkware crafted from Tritan Renew, a material known for its high durability and sustainability-well-suited for the rigorous demands of airline service. This move aligns with the industry's push toward sustainable solutions and is expected to contribute significantly to market expansion.
Similarly, in 2023, Lufthansa adopted PaperWise in-flight packaging, which is produced using agricultural waste. This initiative reflects both companies' shared commitment to reducing CO2 emissions, promoting environmental responsibility, and supporting sustainability goals through the use of eco-friendly materials.
Growth Forecast Projected:
The Global Inflight Catering Services Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Inflight Catering Services Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Inflight Catering Services Market:
By Aircraft Seating Class: Economy Class, Business Class, and First Class
By Flight service Type: FSC, LCC
By Food Type: Meals, Bakery & Confectionary, Beverages, and Others
Regional Analysis for Inflight Catering Services Market:
The regional analysis of the Inflight Catering Services Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Inflight Catering Services market?
➠ Who are the leading manufacturers in the global Inflight Catering Services industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Inflight Catering Services industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Inflight Catering Services market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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