Global In Flight Catering - Market Overview:
A service offered by businesses to customers during air travel is in-flight catering, sometimes known as airline catering. A crucial aspect of the airline industry is in-flight catering, particularly for network carriers that provide long-distance service. As part of the in-flight catering service, meal design and planning are crucial steps. Catering operation and planning are crucial, according to the International Air Transportation Association (IATA). Given the impact of macro developments like the expanding urban sprawl and globalisation as well as micro ones like rising passenger expectations for upscale meals on board, the in-flight catering services market has been undergoing continual transformation. A growth in long-haul and non-stop flights, mostly as a result of an increase in both leisure and business travel, has increased passenger demand for on-board culinary services. In order to differentiate themselves from the competition and improve the overall travel experience for passengers, airlines all over the world are setting fair price ranges for meals served on board.
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- Rise in Automation and Proliferation of In Flight Catering Management
- Increase in Number of Long-Haul and Non-Stop Flights due to the Upsurge in Leisure as well as Business Tourism
- Airline Industry was impacted by COVID-19
- Increasing Air Traffic in Asia Pacific Region
- Development in the Airline Industry in Middle East Region
- High Cost of In-Flight Catering Services
- Stringent Norms Regarding Airline-Catering
The demand for In Flight Catering is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Gategroup Holding and LSG Sky Chefs (Lufthansa), Dnata and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how in flight catering can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Gategroup Holding (Switzerland), LSG Sky Chefs (Lufthansa) (Germany), Dnata (United Arab Emirates), SATS Ltd (Singapore), Emirates Flight Catering (United Arab Emirates), Do & Co (Austria), Cathay Pacific (Hong Kong), Saudi Airlines Catering (Saudi Arabia), Newrest Group Services SAS (France) and Servair (France). Additionally, following companies can also be profiled that are part of our coverage like Taj SATS Air Catering Limited (India), Flying Food Group, LLC (United States) and Abby's Catering (United States). Analyst at AMA Research see United States and UAE Vendors to retain maximum share of Global In Flight Catering - market by 2027. Considering Market by Airline Class, the sub-segment i.e. Economy will boost the In Flight Catering - market. Considering Market by Catering Type, the sub-segment i.e. Meal will boost the In Flight Catering - market.
Latest Market Insights:
In March 2022 Flight Delight Air Catering GmbH, a subsidiary of the Kδfer, announced the acquisition of the German catering business of gategroup with regard to both antitrust and merger control law. and Under certain conditions, the European Commission permitted gategroup to acquire LSG Sky Chefs' European operations. Among other things, gategroup had to find a suitable opponent to buy its current inflight food operation at German airports. The European Commission granted a few exceptions to the divestiture rules that looked to be required due to the severe effects of the COVID-19 pandemic on inflight catering enterprises, and this allowed the Transaction to be completed. The pandemic crisis' unique circumstances made it extremely difficult to carry with the divestiture responsibilities.
In March 2022 Newrest had announced partnership with easyJet. With the inclusion of two new nationsSwitzerland and Germanythis connection with the Londoner airline is renewed and strengthened. In Basel/Mulhouse and Berlin, Newrest is dedicated to developing new entities. Catering services have been added to Barcelona, Nantes, Geneva, Malaga, and Porto, having already been implemented in six other nations. Innovation serves as the foundation of the new contract. It still adheres to the goal of ensuring an impeccable onboard experience across all of Europe.
What Can be Explored with the In Flight Catering - Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global In Flight Catering - Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in In Flight Catering -
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global In Flight Catering - market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in In Flight Catering - market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Government & Regulatory Bodies, Corporate Entities, End-use industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.