In-Flight Catering Services Market Size Statistics Report, Share, Forecast to 2030
Gourmet Insights is a prominent source of data, analytics, and intelligence tailored for the Food & Beverage industry. Our expertise lies in delivering thorough and current information across diverse facets of the F&B sector, encompassing restaurants, foodservice establishments, beverage producers, distributors, and other key players in the culinary landscape.
Data Bridge Market Researchunveils a comprehensive study of Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
Data Bridge Market Research analyzes that the global in-flight catering services market is expected to reach the value of USD 27,337.94 million by 2030, at a CAGR of 5.6% during the forecast period. This market report also covers pricing analysis and technological advancements in depth.
"Data Bridge Market research has recently issued comprehensive industry research on Global In-Flight Catering Services Market which includes growth analysis, regional marketing, challenges, opportunities, and drivers analysed in the report. The market insights gained through this In-Flight Catering Services market research analysis report facilitates more defined understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently.
An analysis of competitors is conducted very well in the reliable In-Flight Catering Services Market report which covers vital market aspects about the key players. Moreover, the report gives out market potential for many regions across the globe based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. It gives significant information and data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies. Detailed market analysis has been performed here with the inputs from industry experts.
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Market Definition
Airline food services are an aid to make traveling much more interesting and memorable with good food. The in-flight meal is a meal served to passengers onboard a commercial airliner. These meals are prepared by specialist airline catering services and are normally served to passengers using an airline service trolley. Large flight kitchens can have considerable automation involved, including conveyor belts for controlling the pace of meal packaging across different sections of a flight kitchen; the automated plastic wrapping of meal packages; automated washing equipment for catering cutlery and accessories; and automatic rail system for traveling of meal trolleys through different servicing sections among others. The importance of hygiene and safety in-flight catering facilities is of paramount importance. Flight kitchens can have food analysis laboratories on-site to conduct different tests important for compliance with food standards.
Global In-Flight Catering Services Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
DRIVERS
- Rising number of airline passengers and non-stop flights
The number of airline passengers and flights is growing due to economic and demographic growth. The growing middle class is stimulating airline activity. Also, there is the emergence of low-cost airlines which offer competitive prices on popular destinations. The traffic handled by an airport is strongly influenced by core activities such as tourism, business, and high-added-value manufacturing. Cities having a strong commercial orientation, such as corporate head offices, experience additional demand for air travel.
The higher the connectivity of the airport, the more air traffic, as it offers options to a wider array of destinations. This is particularly the case for airports acting as major hubs for air carriers. Thus, the rising number of airline passengers and non-stop flights is expected to drive the market's growth.
- Changing life style coupled with increasing disposable income
When disposable income increases, there is more money to either save or spend, which naturally leads to a growth in demand. Consumer spending is one of the most important determinants of demand. It creates the demand that keeps companies profitable and hiring new workers. Also, the changing lifestyle of many individuals demands high-quality, premium healthy food even while flying. The individualization of meals and beverages to fulfill customers' unique needs is a growing trend in the food industry. Half of the population prefers convenience food which aids consumers in saving time and effort in meal preparation. Owing to the fast and busy life, the consumption pattern of consumers shifts from raw food to convenience foods. Due to the constant evolution in the consumption pattern of consumers, convenient food has acquired substantial growth across the globe because of the expanding consumer health consciousness and increasing urban lifestyles.
OPPORTUNITY
- Advancements in the flight food ordering framework
Over the last century, the emphasis on aircraft design has progressively switched from feasibility to safety and to fuel efficiency. However, the sustainability of air travel will entail an improvement in the passenger experience. In particular, passenger comfort and meal experience are at the heart of current requirements. Conventional galleys are replaced by an automatic loading system, while bottles and cans are replaced by fountain drink dispensers using syrups and powders. These new galleys automatically prepare passenger orders and load small carts attached to longitudinal rails located below the overhead bins. Once the targeted seat is reached by the cart, telescopic arms deliver the order to the passenger. As a consequence, the workload of crew members is highly reduced, and they can focus more on safety. While the weight added by the designed system is compensated by the removal of trolleys, weight is saved by removing cans and bottles. Moreover, the new smaller galley design enables more space to be redistributed between passengers so that seat pitch can be increased.
Global In-Flight Catering Services Market Scope
Global in-flight catering services market is segmented into five notable segments based on food type, flight category, aircraft seating class, catering type, and flight type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Global In-Flight Catering Services Market Regional Analysis/Insights
North America is expected to dominate the global in-flight catering services market with the largest market share. This share is attributable to the presence of key market players such as dnata, gategroup, Cathay Pacific Catering Services, LSG Group, and Newrest among others. Increasing number of domestic flights and rising passengers demand for in-flight catering services are anticipated to fuel the market growth during the forecast period in this region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global In-Flight Catering Services Market
Chapter 3: Regional analysis of the Global In-Flight Catering Services Market industry
Chapter 4: In-Flight Catering Services Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Key Questions Answered with this Study
1) What makes In-Flight Catering Services Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in In-Flight Catering Services Market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of In-Flight Catering Servicesin next few years?
8) What is the impact analysis of various factors in the Global In-Flight Catering Services Market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in In-Flight Catering Services Market?
Some of the major market players operating in the global in-flight catering services market are:
- dnata
- gategroup
- Cathay Pacific Catering Services
- LSG Group
- Newrest
- SATS Ltd.
- Flying Food Group.
- DO & CO Aktiengesellschaft
- ANA CATERING SERVICE CO. LTD.
- Saudi Airlines Catering
- Emirates Flight Catering
- Brahim's Holdings
- Air Culinaire Worldwide
- air fayre
- EGYPTAIR IN-FLIGHT SERVICES
- Air Gourmet
- Beha Catering
- ABBY'S CATERING
- CAFS
- AeroChef
- DE LUXE LIMITED
By Food Type (Meals, Convenience Food, Beverages, Bakery, and Confectionary), Flight Category (Full-Service Carriers, and Low-Cost Carriers), Aircraft Seating Class (Economy Class, Business Class, and First Class), Catering Type (Retail On Board, and Classic Catering), Flight Type (Domestic, and International)
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