Global Inflight Catering Services Market Analysis, 2020
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), By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific), By Country (US, Canada, Mexico, Brazil, Argentina, Germany, Italy, France, UK, Russia, Saudi-Arabia, Kuwait, South Africa, China, India, Japan, Australia), By Company
Aerospace & Defense
The in-flight catering services refer to the meal services provided to the passengers in an airline. The type of foods offered differs from country to country and comprise of elements of local cuisine. The meals are prepared by the catering companies and are provided to the passengers through the trolley.
According to MarkNtel Advisors’ research report titled “Global In-Flight Catering Services Market Analysis, 2020" the Global In-Flight Catering Services market is anticipated to grow at a CAGR of around 7% during 2020-25. A steady rise in disposable income and the rising inclination of the customers towards nutritional food, even while traveling is expected to positively impact the growth of the global in-flight catering services market. Moreover, the increasing number of per-day aviation fleet, coupled with the rising passenger traffic is anticipated to add to the demand for in-flight catering services in the forthcoming period.
On the basis food type segmentation, the meals segment held the largest market share in 2019; however, the beverages segment is anticipated to reach the highest CAGR growth rate during 2020-25, owing to the increasing investment by the companies on expansion of business product lines and innovative service offerings to the passengers, demanding high-quality food. Based on the aircraft class, economic class segment is anticipated to witness the highest growth rate during the forecast period. This is largely owing to the rising levels of economy passenger traffic opting for long-haul flights and increasing customer expectations for quality food services irrespective of the class category.
According to MarkNtel Advisors, some the of key competitors operating in the Global In-Flight Catering Services market include Gate Gourmet, Emirates Flight Catering, Flying Food Groups, Cathay Pacific Catering Services, Sky Chef, Dnata, and IGS Catering Services.
The leading companies in the global in-flight catering services market are engaging in extensive investments in the R&D and service innovation in order to drive the culinary experience for the passengers and to meet the varied tastes and preferences internationally and even within the national territories. Further, significant shareholding companies such as Gate Gourmet, Emirates Flight, Dnata, and Flying Foods have been undertaking mergers and acquisitions with the motive to increase their global presence.
For instance, Gate Gourmet, one of the leading operators in the In-Flight Catering Services market signed an agreement in 2018, to acquire the operating assets and the customer contracts of SCK Sky Catering Kitchen Group. As per the agreement, the SCK Services GmbH would integrate into Gate Gourmet Germany as a separate legal entity. The existing workforce will remain with SCK Services GmbH and continue to serve customers at all four German airports.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Inflight Catering Service Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Inflight Catering Service Market?
Who are the key competitors or market players and how they perform in Global Inflight Catering Service Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Inflight Catering Service Market study?
Market Outlook, Segmentation and Statistics
Market Size and Analysis
Market Share and Analysis
By Food Type
Bakery & Confectionary
By Flight Type
By Aircraft Class
Business Class/ First Class
Middle East& Africa
Strategic Factorial Indexing
Competitor Placement in Markntel Quadrant
Global In-Flight Catering Services Market Policies, Regulations, Food Flight Type Standards
Global In-Flight Catering Services Market Hotspot and Opportunities
Global In-Flight Catering Services Market Key Strategic Imperatives for Success and Growth
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Inflight Catering Service Market during 2020-25?
A. The market size of Global Inflight Catering Service Market during 2020-25 is forecast to grow at a CAGR of 7%.
Q. Which aircraft class services would grab the highest market share during 2020-25?
A. On the basis of aircraft class, the economic class is anticipated to witness the highest growth rate during the forecast period, owing to the soaring economy passenger traffic opting for long-haul flights, increasing customer expectations for quality food services irrespective of the class category.
Q. Who are the key competitors or players operating in Global Inflight Catering Service Market?
A. Gate Gourmet, Emirates Flight Catering, Flying Food Groups, Cathay Pacific Catering Services, Sky Chef, Dnata, IGS Catering Services are few of the leading players in the Global Inflight Catering Service Market.
Q. Does the report scope cover food type wise market statistics also?
A. Yes, the scope of the report encompass detailed food type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which food type segment would emerge as an opportunity area for players in catering service?
A. On the basis food type segmentation, the meals segment held the largest market share followed by beverage segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of In-flight catering services Market.
1.1. Research Process
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global In-Flight Catering Services Market Outlook, 2020-2025F
4.1. Market Size and Analysis
4.1.1. By Revenues
4.2. Market Share and Analysis
4.2.1. By Food Type
126.96.36.199. Bakery & Confectionary
4.2.2. By Flight Type
188.8.131.52. Full-Service Carriers
184.108.40.206. Low-Cost Carriers
4.2.3. By Aircraft Class
220.127.116.11. Economy Class
18.104.22.168. Business Class/ First Class
4.2.4. By Region
22.214.171.124. North America
126.96.36.199. South America
188.8.131.52. Middle East & Africa
4.2.5. By Company
184.108.40.206. Revenue Shares
220.127.116.11. Strategic Factorial Indexing
18.104.22.168. Competitor Placement in Markntel Quadrant
5. North America In-Flight Catering Services Market Outlook, 2015- 2025
5.1. Market Size and Analysis
5.1.1. By Revenues
5.2. Market Share and Analysis
5.2.1. By Food Type
5.2.2. By Flight Type
5.2.3. By Aircraft Class
5.2.4. By Country
5.3. The US In-Flight Catering Services Market Outlook, 2020-2025F