Global In-flight Catering Services Market Size Reach USD 9.21 Billion Value in 2022, Expected 5.19% CAGR Growth Till 2028 | Gate Gourmet, Emirates Flight Catering, and Flying Food Groups
Research Reports
Feb 14, 2024
Global In-flight Catering Services Market Share Size, and Future Landscape
MarkNtel Advisors, a leading market research company, presents its latest Global In-flight Catering Services Market Research Report By Food Type (Meals, Bakery & Confectionery, Beverages, Others), By Flight Type (Full-Service Carriers, Low-Cost Carriers, Hybrid, Others), By Aircraft Class (Economy Class, Business Class/ First Class) and other forecasts [2023-2028]. This well-curated report contains in-depth information about the industry. In this comprehensive study, we have meticulously compiled every critical detail, catering to the In-flight Catering Services Market’s major and minor elements. Our focus extends to factors influencing market growth, encompassing historical, current, and projected data, emerging trends, technological advancements, key insights, recent developments, potential constraints, and various other factors that could significantly shape the industry’s trajectory in the foreseeable future.
In-flight Catering Services Market Insight:
The Global In-flight Catering Services Market size was valued at USD 9.21 Billion in 2022 and is projected to grow at a CAGR of around 5.19% during the forecast period, i.e., 2023-28.
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Competitive Landscape – Global In-flight Catering Services Market
This section provides a comprehensive understanding of market dynamics, highlighting the significant contributions of major companies and their strategies for achieving success and sustainability. By examining the competitive landscape, clients can gain valuable insights into the driving forces behind the growth and evolution of the In-flight Catering Services Industry. Let’s familiarize ourselves with the key players in this competitive landscape: Gate Gourmet, Emirates Flight Catering, Flying Food Groups, Cathay Pacific Catering Services, Sky Chef, Dnata, IGS Catering Services, and Other.
Global In-flight Catering Services Market Challenge:
Balancing Flavorful Meals with Altitude Constraints and Mass Production: The major challenge for inflight catering service providers is creating dishes that maintain their flavors and appeal to passengers’ taste buds at high altitudes. It is because reduced humidity and lower air pressure dull their sense of smell & taste sensitivity, making it challenging to discern flavors. As a result, inflight caterers must design slightly saltier, spicier, and sweeter dishes than restaurant meals. However, replicating taste and quality on a large scale while ensuring consistency poses a major obstacle for the global in-flight catering service industry.
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Segmentation Summary – In-flight Catering Services Market
The summary of In-flight Catering Services market segmentation gives a quick look at different parts of the market. It helps businesses understand what customers like and where they are. By breaking down the market into smaller groups based on things like what people buy and where they live, companies can make better plans to sell their products. This summary is a simple guide to understanding the market better. The segmentations of the market are:
By Food Type
> Meals
> Bakery & Confectionary
> Beverages
> Others
By Aircraft Class
> Economy Class
> Business Class/ First Class
By Flight Type
> Full-Service Carriers
> Low-Cost Carriers
> Hybrid
> Others
Based on Flight Type: Full-Service Carriers (FSCs) garnered the highest share in the Global In-flight Catering Service Market in the historical period as consumers sought more comprehensive travel experiences.
Geographical landscape
On the geographical front, the In-flight Catering Services Market expands across:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Of all regions globally, Asia-Pacific acquired the largest share of the In-flight Catering Services Market in 2022, and the same trend is likely during 2023-28. It owes to the enhanced living standards of people, i.e., triggering aspirational traveling, coupled with the mounting emphasis of airlines on customer-centric food menus.
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Key Questions Addressed in this In-flight Catering Services Market Report:
- What are the emerging trends in the In-flight Catering Services Industry?
- What are the growth challenges faced by businesses in the In-flight Catering Services Industry?
- How can companies capitalize on opportunities within the market of In-flight Catering Services?
- What are the regulatory factors impacting the growth of the In-flight Catering Services Market?
- What are some of the top In-flight Catering Services companies in the global market?
- What is the current size of the In-flight Catering Services Market and how much is it will grow in the next few years?
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