Press Release Description
Demand for Inflight Catering Services to Escalate, Owing to the Boom in Domestic & International Travelers in North America
The North America Inflight Catering Market is projected to grow at a CAGR of around 12.4% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. This is due to the constant upgrade or expansion of the aviation sector worldwide. Along with this, the frequent upsurge in international & domestic flight travelers because of the increasing disposable incomes in developing countries, changing lifestyles, and increased urbanization is also contributing to the market growth, as high demand for inflight food services has been observed in North America.
Moreover, as airlines prioritize customer satisfaction, the demand for superior inflight amenities, notably catering, has surged. Collaborations between businesses and acclaimed chefs are resulting in unique & customized dining options, catering to diverse tastes & cultural preferences and reshaping the landscape of the North American Inflight Catering Industry.
Additionally, airlines are elevating passenger experiences by offering exceptional food & beverage selections, including pre-ordered meal choices, thereby setting themselves apart from competitors. This strategy not only enhances passenger satisfaction but also provides market participants with a competitive edge, tapping into economic opportunities. Furthermore, the growth of low-cost carriers and the expansion of international routes contribute to industry expansion, with inflight meals recognized as a value-added service crucial for attracting & retaining customers.
Consequently, the rising number of both international & domestic travelers, along with airlines' focus on delivering high-quality food options, would aid in enhancing the market share in the future years, further states the research report, “North America Inflight Catering Market Analysis, 2024.”
North America Inflight Catering Market Segmentation Analysis
Meals Segment to Seize Significant Market Share
Based on food type, the market is segmented into Meals, Bakery & Confectionary, Beverages, and Others (snacks, fruit platters, etc.) Among them, the Meals segment is projected to dominate the North America Inflight Catering Market share, primarily driven by the heightened demand for ready-to-eat meals, specifically designed for travelers. These convenient food options cater to the preferences of busy passengers, especially those on long flights. Furthermore, the rising popularity of these meals is attributed to an increasing customer preference for healthier & more nutritious choices that align with their dietary needs, indicating a growing focus on personal well-being.
In response, companies are introducing innovative meal options that merge convenience, cultural diversity, and nutritional excellence, thereby enhancing the overall dining experience for airline passengers. This trend is expected to significantly contribute to the Inflight Catering Services Market in North America throughout the forecast period.
The US to Outpower Other Regional Countries
Geographically, the US is anticipated to hold a significant share of the North America Inflight Catering Market, propelled by the rising volume of domestic flights that spur the need for in-flight catering services. Additionally, the diverse and top-notch food selections offered by industry players like Newrest, LSG, and others are intensifying market expansion in the country. These companies provide an array of options, including lunch, pre-arrival meals, fruits, beverages, and more, elevating the US Inflight Catering Market growth.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, Gate Group, Flying Food Group, LSG Group, Dnata, IGS Catering Services, Jetfinity, Newrest International Group, SATS Ltd., Air Culinaire Worldwide, Airfayre, and others, are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the North America Inflight Catering Market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography & solution adoption?
- How has the competition been shaping across various regions?
- How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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