IMARC Group, a leading market research company, has recently releases report titled “Inflight Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a comprehensive analysis of the industry, which comprises insights on the inflight catering industry. The global market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
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Factors Affecting the Growth of the Inflight Catering Industry:
- Rising Air Travel:
The growing demand for inflight catering due to the rising air travel among individuals around the world is offering a positive market outlook. In line with this, the increasing adoption of flights on account of inflating income levels of individuals and rapid urbanization is supporting the market growth. Furthermore, airlines are expanding their fleets and routes, which is leading to rising demand for inflight catering services. Besides this, airline companies are enhancing the overall passenger experience by providing high-quality and variety of inflight meals.
- Thriving Tourism Sector:
The escalating demand for inflight catering services due to the thriving tourism industry is contributing to the growth of the market. In addition, tourists are increasingly preferring air travel to reach to different places across the globe, which is strengthening the market growth. Apart from this, seasonal tourism patterns and events like festivals and international conferences are leading to an increasing number of flight bookings. Moreover, passengers are seeking authentic and regional cuisine options during their flights to enhance their travel experience.
- Airline Expansion:
Airlines are regularly evaluating and adjusting their routes and services to meet changing demand patterns. In line with this, airline expansion involves launching new routes, increasing flight frequencies, or entering partnerships with other carriers to extend their reach. Moreover, new routes require more catering services to deliver meals to passengers. Apart from this, airlines are considering factors like the duration of flights and the class of service offered and are tailoring their catering requirements accordingly. Furthermore, this strategic alignment between airlines and catering companies is bolstering the market growth.
Leading Companies Operating in the Global Inflight Catering Industry:
- AAS Catering Co. Ltd
- Abby’s Catering
- Cathay Pacific Catering Services (H.K.) Ltd. (Cathay Pacific Airways)
- DO & CO Aktiengesellschaft
- Emirates Flight Catering (The Emirates Group)
- Flying Food Group
- Gategroup
- Jetfinity
- KLM Catering Services Schiphol
- LSG Sky Chefs (Lufthansa AG)
- Sats Ltd. (Singapore Airlines)
- Saudi Airlines Catering
- Universal Weather and Aviation Inc.
Inflight Catering Market Report Segmentation:
By Food Type:
- Meals
- Bakery and Confectionary
- Beverages
- Others
Meals represented the largest segment as they vary from simple sandwiches and wraps to more options like hot entrees and gourmet dishes.
By Flight Service Type:
- Full-Service Carriers
- Low-Cost Carriers
Low-cost carriers accounted for the largest market share due to the rising focus on cost-efficiency and simplicity.
By Aircraft Seating Class:
- Economy Class
- Business Class
- First Class
On the basis of the aircraft seating class, the market has been divided into economy class, business class, and first class.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys the leading position in the inflight catering market on account of the thriving aviation industry.
Global Inflight Catering Market Trends:
Airlines are continuously innovating their menu offerings to cater to evolving tastes and preferences of individuals. In line with this, unique and appealing inflight meals benefit in attracting more individuals, leading to increased demand for catering services.
The expansion and modernization of airport facilities across the globe is propelling the growth of the market. Apart from this, improved infrastructure is leading to higher passenger traffic, which is bolstering the market growth. Furthermore, the rising adoption of technology, such as improved kitchen equipment and software for meal planning and ordering, to enhance the efficiency of inflight catering operations and improve service quality is impelling the market growth.
Other Key Points Covered in the Report:
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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