In-Flight Catering Service Market Major Companies Profile, Business Strategies, Demand Status, Expansion Plans 2030
In-Flight Catering Service Market
In-flight Catering Services Market Size was valued at USD 15.5 billion in 2021. The in-flight catering services market industry is projected to grow from USD 16.9 Billion in 2022 to USD 31.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.3% during the forecast period (2022 - 2030)
As airlines raise the standard of the food offered on board, the In-Flight Catering Service Market for in-flight catering services is expected to expand at astonishing rates. The demand from passengers for healthier and higher-quality meals on flights would immediately influence the improvement in the quality of the food and services offered. Instead of only offering light snacks like nuts, pretzels, etc., catering service providers are now getting involved in providing sophisticated snacks that more closely resemble a mini meal.
Since this airline began sourcing its food and beverage items from nearby farms, bakeries, and other businesses, travelers are increasingly preferring to eat organic food. Meals are also prepared on the day of departure for each flight. Additionally, Air Canada has created a NutriCuisine menu that was created in collaboration with the Food with a Conscience initiative, which promotes healthy eating. The program was started in 2009 and abides by standards such as low-sodium, additive-free, and preservative-free. On their in-flight menus, Virgin America goes into great detail about their calorie and nutritional information.
The market for airplane catering services is expected to rise, but it will be constrained by full-service carriers, whose growth rates are slowing relative to low-cost carriers. Commercial aviation is a fiercely competitive industry, and carriers must constantly innovate to maintain In-Flight Catering Service Market share. The demands of passengers flying on full-fare airlines are increasing, and airlines will keep making larger investments in the industry.
Key Players:
Following is the In-Flight Catering Service Market Players SATS, Servair, Emirates Flight Catering, dnata, Air Culinaire Worldwide, LLC., Compass Group Rus, Do & Co, Egypt Air In Flight Services, Gate Gourmet, and Goddard Catering are some of the industry's top competitors.
Market Segmentation:
The In-Flight Catering Service Market is divided into four primary dynamics for the sake of ease and better understanding. First Class, Business Class, Premium Economy Class, and Economy Class are divisions based on aircraft class. Full Service and Low Cost based on the type of flight segmentation. Meals, Beverages, Bakery & Confectionary, and Others based on the type of catering services.
Regional Analysis:
Although historically not a significant sector of the business jet market, in-flight catering is expected to grow in importance as a result of rising consumer expectations and worries about the safety of the food being served.
The commercial aviation sector in North America will continue to be the world's largest and most lucrative market for In-Flight Catering Services Market. Because the North American market is expected to reach saturation during the anticipated period, its growth rate will be considerably lower than that of regions like Asia Pacific, Latin America, and the Middle East and Africa. One of the regions with the fastest rate of growth in the global in-flight catering market will be the Middle East and Africa. Compared to the African market, where air connectivity is generally poor, the Middle Eastern aviation market is developing more rapidly. Since full-service carriers generate the majority of the revenue in the aircraft catering industry, the market's expansion would be constrained because of their slower than low-cost carriers' growth rates in the European and Asian markets.
Due to a strong growth in orders coming from the region, the Asia Pacific region is the fastest growing region for this industry and will be the fastest growing during the anticipated time. China and the United States will continue to lead the market with rapid growth rates.
In-Flight Catering Service Market by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type (Full Service and Low Cost), by Catering Type (Bakery & Confectionary, Meals, Beverages and others) and by Geography - Forecast To 2030
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