Aviation Catering Market 2022 Size & Industry Forecast by 2028

Market intelligence data, a leading global market research firm, is pleased to announce its new report on the Aviation Catering market, forecast for 2022-2028, covering all aspects of the market and providing up-to-date data on current trends.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Aviation Catering market segments which include product types, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies, company summary, trading summary, business strategy and planning, SWOT analysis and current developments adopted by various players in order to sustain competition in this highly competitive environment.

Aviation Catering Market is envisaged to record an expansion at the CAGR of 6.07% over the forecast period, 2022 - 2028

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Market Overview

The ongoing COVID-19 pandemic has resulted in a full-scale crisis with the imposition of travel restrictions and the suspension of flights in a global effort to contain the spread of the virus. The aviation industry is in survival mode, crippled by the loss of traffic and revenues. According to the latest updates from IATA, ICAO, the Airports Council International (ACI), the UN World Tourism Organization (UNWTO), the World Trade Organization (WTO), and the International Monetary Fund (IMF), the international air passenger traffic in 2020 was expected to experience a drop of about 50-55% compared to the 2020 baseline. Airline Revenue-Per-Kilometer (RPK) was anticipated to drop by 48% compared to the 2019 value. The airlines are expected to record potential losses, amounting to between USD million and billion in gross operating revenues. Europe and Asia-Pacific are anticipated to be the worst hit in terms of international passenger traffic and revenues.

Top Companies in the Global Aviation Catering Market:

LSG Group, gategroup Holding AG, Cathay Pacific Catering Services (H.K.) Limited, dnata, SATS Ltd., DO & CO Aktiengesellschaft, Newrest, China Eastern Air Catering Investment Co., Ltd., Saudi Airlines Catering Company (SAAC), Emirates Flight Catering, Flying Food Group, Royal Holdings Co. Ltd.

Recent Development: 

LSG Sky Chefs' largest acquisition to date was in 2011 when it acquired Norris Food Group for $30M. LSG Sky Chefs has acquired in 1 US state. The Company's most targeted sectors include food (100%). The LSG Sky Chefs group is the global leader in airline catering and the management of all in-flight service-related processes.

Market Segmentation by Types:

Economy Class
Business Class
First Class

Market Segmentation by Applications:

Full-Service Carriers
Low-Cost Carriers
Other

The study objectives of this report are:

-An overview of the global market for the Global Aviation Catering Market and related technologies.
-Analyses of global market trends, with data, and projections of compound annual growth rates (CAGRs) through 2022-2028.
-Identifications of new market opportunities and targeted promotional plans for the Global Aviation Catering Market.

-Discussion of research and development, and the demand for new products and new applications.

Regional Analysis For Aviation Catering Market:

For an extensive understanding of market dynamics, the global Aviation Catering market is analyzed across key geographies namely: United States, China, Europe, Japan, Southeast Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Asia-Pacific to Dominate Market 

Asia-Pacific is a vast inflight catering market in terms of culinary habits, and passengers from different regions vary in their culinary preferences. Though India and China are neighboring countries, the culinary food habits of people in these two countries are significantly different. Food habits of passengers from the north vary from those of the south in the same country. These variations are likely to help the catering suppliers invest more in these diversified menu types, thereby leading to the high growth of the region during the forecast period. As per IATA, during 2019, the airlines operating in India witnessed a 5.1% YoY growth in air passenger traffic, indicating a relative slowdown from its 2018 growth statistics of 18.9% on account of several factors, including the bankruptcy of Jet Airways and weakening economic activity. 

Read the full report:

https://www.marketintelligencedata.com/reports/1716641/global-aviation-catering-market-growth-status-and-outlook-2022-2028?mode=nks

Significant Features that are under Offering and Key Highlights of the Reports:

- Detailed overview of Aviation Catering Market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Aviation Catering Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Free customization of the report: This report can be further customized according to the client's specific requirements. No additional charges will be added

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This release was published on openPR.