In-Flight Catering Services Market Creating More than $9 Billion Investment Opportunities by 2028, Rise is Aviation Industry Driving the Market Future - Arizton

Arizton published the latest research report, In-Flight Catering Services Market - Global Outlook & Forecast 2023-2028. The global in-flight catering services market to reach USD 26.12 billion by 2028, growing at a CAGR of 6.45%. 

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The in-flight catering services market is poised for rapid expansion in the Asia-Pacific (APAC) region, primarily fueled by the rising disposable income in developing nations. Additionally, Europe and North America are also projected to witness substantial growth during the forecast period, attributed to the presence of major airline catering companies in these regions and the escalating frequency of air travel. In the Middle East and Africa (MEA), the market is driven by the swift urbanization in Dubai and various African countries. This highlights the potential for significant developments in the in-flight catering industry across different regions worldwide.

Surging Aviation Industry Propels In-Flight Catering Services Market Growth

In 2022, the aviation industry witnessed a robust increase of 68.5% in air passenger traffic from 2019. It was around 41.7% in 2019.

The growth in the aviation industry has led to increased competition among airlines, driving innovation and improved service quality. This has resulted in low prices for consumers and many options for travelers. The aviation industry is constantly evolving, leading to the growth of new technologies and solutions for in-flight catering services. For example, airlines increasingly use digital platforms to manage their catering services and reduce waste. As airlines expand their routes and operate in new markets, they must work with local catering companies to provide meals catering to local tastes and preferences. It helps develop new opportunities for catering companies to expand their operations and enter new markets.

Economy Class Dominates In-Flight Catering Market Share, While First Class & Private Jets Set for Rapid Expansion

In airline travel, economy class seats are often arranged in rows of three or four, with limited reclining and minimal personal space. Passengers in economy class may have to pay extra fees for amenities such as checked baggage, in-flight meals, and seat selection. Economy class is the most popular seating option for air travel, with most airline passengers choosing this class. It allows travelers to reach their destination at a low cost, making air travel accessible to a wide range of people. Economy class is a significant segment driving the in-flight catering services market. Economy-class passengers make up most air travelers, so their demand for in-flight catering services is significant. In recent years, airlines have been investing in improving their in-flight catering offerings, leading to an upsurge in demand for diverse and high-quality meals and snacks tailored to the requirements and preferences of economy-class passengers.

First class is the highest class of seating offered on many commercial airlines. It typically provides the highest level of comfort and luxury for passengers. These seats are often located at the front of the plane, with more legroom, wider seats, and greater recline angles than other classes. Passengers in first-class are often facilitated with various amenities and services, including premium food and drink options, personalized service from flight attendants, and access to exclusive lounges before and after the flight. In-flight catering services in first class are much higher quality than in other classes, with more elaborate menus, premium ingredients, and personalized service. Depending on the airline and the flight duration, first-class passengers may be offered multiple courses, including appetizers, entrees, desserts, and a range of snacks and beverages. Thus, first-class in-flight catering services are designed to offer a luxury dining experience rather than enhance the overall premium travel experience. These sections are usually designed for high-level income people, such as celebrities, big businesspeople, and wealthy passengers, who prefer premium-level services.

Competitive Overview

There is fierce competition in the global in-flight catering service market, with many players trying to gain industry share through price, quality, innovation, and service offerings. Major global in-flight catering services market players include Gate Gourmet, LSG Sky Chefs, Do & Co, Dnata, SATS, Emirates Flight Catering, and Newrest. Smaller niche companies and regional players also play a significant role in the industry. The market is expected to grow due to increasing demand for sustainable and healthy food options, including plant-based meals, and regional players are expected to cater to specific airline needs. The range and quality of services vendors offer are also important factors in this highly competitive industry.

Moreover, vendors seek to broaden their market by utilizing profitable partnerships and mergers. On the other hand, domestic vendors focus on a product portfolio catering to domestic needs and demands. However, technology-oriented platforms offer opportunities for differentiation in catering services through advanced service features and other innovative methods. Recent technological advancements in catering services, combined with changes in customer needs and preferences, necessitate the ability to adapt to changing industry conditions.

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Key Company Profiles
Cathay Pacific Airways
Do & Co Aktiengesellschaft
The Emirates Group
Flying Food Group
Gategroup
LSG Group
SATS
Newrest Group International
Brahim's Holding
Abby's Catering
Aero Angles Catering
Aerowisatafood
Air Culinaire Worldwide
Air Fayre
Cookin Food Sweden
Delisky
Evergreen Sky Catering
AAS Catering
GIC International
KLM Catering Services
Kitchen Cuisine Flight Catering
Qatar Aircraft Catering Company
Royal Blue Catering
Servair
Qatar Airways
Sancak Inflight Services
Catering Air Algérie
Egyptair In-flight Services
Manny Catering
SriLankan Catering
Scarlett House Food

Market Segmentation
Aircraft Class: Economy Class, Business Class, and First Class & Private Jets
Distance: Short & Mid Haul Flights and Long Haul Flights
Service: Meals, Beverages, Bakery & Confectionary, and Others
Geography: APAC, North America, Europe, Latin America, Middle East & Africa

Key Questions Answered in the Report:
How big is the in-flight catering services market?
What is the growth rate of the global in-flight catering services market?
What are the growing trends in the in-flight catering services industry?
Which region holds the most significant global in-flight catering services market share?
Who are the key players in the global in-flight catering services market?

Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/in-flight-catering-services-market?details=tableOfContents

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