In-Flight Catering Service Market with Regional Growth and Key Players along with Demand and Forecast 2030

In-Flight Catering Service Market Insights  

According to MRFR, the global in-flight catering service Market is expected to register a CAGR of 9.3% during the forecast period 2022 – 2030 and hold a value of over USD 16.9 Billion to USD 31.6 billion by 2022-2030.

The In-Flight Catering Service Market refers to the provision of food and beverages to passengers onboard an aircraft. In-flight catering services are typically provided by airlines, catering companies, or third-party vendors. These services can range from snacks and beverages for short flights to full meals for long-haul flights. The COVID-19 pandemic has had a significant impact on the in-flight catering service market. With the decline in air travel demand, many airlines have reduced or suspended their in-flight catering services. In addition, health and safety concerns have led to changes in the way food is prepared and served on flights, with many airlines opting for pre-packaged meals and single-use cutlery. The key drivers impacting the growth the market include rise in demand for premium and customized in-flight catering services, expansion of air travel routes and network, growing popularity of low-cost carriers, Increase in the number of private jets and chartered flights. Some of the factors hampering the growth of the market include high costs associated with the provision of in-flight catering services, fluctuating fuel prices leading to reduced airline profitability, stringent regulations and safety standards for food preparation and storage.

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MARKET SEGEMENTATION

The global in-flight catering services market is segmented based on aircraft class, flight type, catering type, and region. Based on aircraft class, the market is segmented as First Class, Business Class, Premium Economy Class, and Economy Class. On the basis of flight type, the market is classified as Full Service and Low Cost. Based on catering type, the market is segmented as Bakery & Confectionary, Meals, Beverages and others.

REGIONAL ANALYSIS

North America dominated the global in-flight catering services market with major players such as Gate Gourmet and LSG Sky Chefs having a significant presence in the market. Europe is another prominent market for in-flight catering services, driven by the high number of air travelers in the Asia Pacific region in the in-flight catering service market due to the rising air passenger traffic and the growth of low-cost carriers. Countries such as China and India are major markets in the region, Latin America market is expected to experience moderate growth Countries such as Brazil and Mexico are the major markets in the region Middle East & Africa include Countries like the United Arab Emirates and Saudi Arabia are the major markets in the region.

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KEYPLAYERS

Some of the key players are SATS, Servair, Egypt Air In-Flight Services, Goddard Catering, Air Culinaire, Emirates Flight Catering, dnata, Do & Co, Compass Group, and Gate Gourmet among others.

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