Industry Background:
Inflight catering or airline food is a service provided by the companies to passengers during air travel as well as at the airport. Inflight Catering becomes an important part of the business nowadays, especially for the flights which serve long distances. Inflight catering includes two procedures in order to deliver the best possible services to the on-board passengers which are Meal planning and meal design. These meals are organized by expert airline catering services and served to passengers using an airline service trolley. According to the International Air Transport Association (IATA), catering planning and catering procedures are important areas for inflight services. The quality and quantity of the meals served in-flight differs by the different airline companies and class of travel of an individual. The rapid growth of the aviation industry is giving fuel to inflight catering in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Gate Gourmet (Switzerland), LSG Sky Chefs (Germany), Sats Ltd. (Singapore), Cathay Pacific Catering Services (H.K.) Ltd. (Hong Kong), Dnata (United Arab Emirates), Flying Food Group (United States), Emirates Flight Catering (United Arab Emirates), IGS Catering Services (India), Jetfinity (United States) and Newrest International Group S.A.S (France) |
According to AMA, the market for Inflight Catering is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Development and Growth of the Aviation Industry., Rising Consumer Spending and Affordable Air Travel in Emerging Economies, Integration of Technology for the Ordering of Food and Beverages OnBoard and A Rise in the Number of Domestic and International Air Travel.
Globally, a noticeable market trend is evident Introduction of Concepts like Retail On Board and Personal In-Flight Chefs
Major Vendors, such as Gate Gourmet (Switzerland), LSG Sky Chefs (Germany), Sats Ltd. (Singapore), Cathay Pacific Catering Services (H.K.) Ltd. (Hong Kong), Dnata (United Arab Emirates), Flying Food Group (United States), Emirates Flight Catering (United Arab Emirates), IGS Catering Services (India), Jetfinity (United States) and Newrest International Group S.A.S (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market for inflight catering are dominated by five major players. However, when it comes to supplying from small and medium-size airports, the market is fairly fragmented with the presence of regional players. Demand for food with high quality and safety was the main reason for airlines to prefer catering from major manufacturers than the regional players. Further, these big players have increased their R&D spending exponentially to integrate the innovation with culinary excellence.
Influencing Trend:
Introduction of Concepts like Retail On Board and Personal In-Flight Chefs, Introduction of Beverages like Premium Wines to Satisfy the Business and First Class Passengers and Offering Regional as well as Continental Meal Options to the Passengers
Market Growth Drivers:
Development and Growth of the Aviation Industry., Rising Consumer Spending and Affordable Air Travel in Emerging Economies, Integration of Technology for the Ordering of Food and Beverages OnBoard and A Rise in the Number of Domestic and International Air Travel
Challenges:
Maintaining the High Quality of Food as per Passengers Satisfaction, Demand for Environment-Friendly Materials on the Flight for Packaging and Lack of Hygiene & Safety of Food
Restraints:
High Cost for Tickets or Meals on the Flight and High Material Cost Used for Packaging of Food
Opportunities:
Food Innovations to Present Lucrative Food to the Passengers. and Implementing Advanced Technologies in Order to Better their In-Flight Catering Services
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Inflight Catering Market
- Analysis about New Entrants in Inflight Catering Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Inflight Catering Study Sheds Light on
The Inflight Catering Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Inflight Catering industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Inflight Catering industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.