Report : In-flight Catering Service Market to 2025 - Global Analysis and Forecasts by Catering Service (In-house and Outsourced); Catering Types (Full Meal and Snacks); Aircraft Class (First Class, Business Class, Premium Economy, and Economy); and Flight Type (Full Service Carrier and Low Cost Carrier)
Full Meal segment is leading the global In-flight Catering Service market by 2025
The “In-flight Catering Service Market to 2025 by Catering Service (In-house and Outsourced); Catering Types (Full Meal and Snacks); Aircraft Class (First Class, Business Class, Premium Economy, and Economy); and Flight Type (Full Service Carrier and Low Cost Carrier) -Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of In-flight catering service market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant In-flight catering service players in the market and their key developments.
In-flight Catering Service Market to 2025 - Global Analysis and Forecast by catering service, catering types, aircraft class, and flight type. In terms of revenue, the global In-flight Catering Service market accounted for US$ 17.96 Bn in 2017 and is expected to grow at a CAGR of 6.4% over the forecast period 2018-2025, to account for US$ 29.00 Bn in 2025. With an increase in the number of air travelers across the globe, players are concentrating to enhance its service portfolio as well, in order to have a high base of satisfied clientele in its customer portfolio. Therefore, the players operating in the market focuses to improve the menu of food & beverages to be provided to the customers. The players provides meals services and on-board services to gain customers’ attention. The catering type segment of the company is segmented into full meal and snacks, which is led by full meal segment, followed by snacks and is expected to dominant its position by 2025.
The aviation industry is experiencing a huge air traffic directly proportion to increase in the income level and better standard of living. Despite of different challenges regarding increase in the aviation fuel costs, technological issues, and others, the airline industry is witnessing a steady growth. In the in-flight catering service market, the catering type includes the type of food provided to the passengers. The catering services is also surrounded by several challenges related to in-flight catering service which is encompass of selection of food, preference of food selection depends upon regional demographics of air travelers, duration of flight, Short-haul & long-haul of flights, willingness and spending level of passengers, and others. In respect to geographical locations, preference of food and cuisine also witness array of deviations. The food served on-board is categorized into full meal and snacks. The full meals catering type is served in the flight depends upon the number of long-haul flights scheduled every day. Also, increase in air traffic of long-haul flights throughout the globe coupled with a sharp rise in the number of passengers boarding these flights are the prime factors that would drive the demands for full meal during air travel.
The global In-flight catering service market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Market is currently dominated by Europe followed by North America and Asia Pacific. However, the market in Middle East & Africa is growing at a highest CAGR. Some of the key players operating in the In-flight Catering Service market includes Egyptair In-Flight Services, Newrest Group, ANA Catering Service Co., Ltd., Flying Food Group, Saudi Airlines Catering, SATS Ltd., Deutsche Lufthansa AG, LLC, Emirates Flight Catering, gategroup, and DO & CO Aktiengesellschaft among others.
The report segments the global In-flight catering service market as follows:
Global In-flight Catering Service Market - By Catering Service
Global In-flight Catering Service Market - By Catering Types
Global In-flight Catering Service Market - By Aircraft Class
Global In-flight Catering Service Market - By Flight Type
Global In-flight Catering Service Market - By Geography
Asia Pacific (APAC)
Middle East and Africa (MEA)
South America (SAM)
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