In-flight Catering Services Market: Valued USD 9.21 Billion (2022) & Achieve CAGR of 5.19% During 2023-28

In-flight catering services work to provide or serve food prepared by the catering services of the airline to the passengers on board a flight. It includes an extensive range of food including meals, confectionary items, bakery products, beverages, even alcohol, etc. The Global In-flight Catering Services Market size was valued at USD 9.21 billion in 2022 and is likely to grow at a CAGR of around 5.19% during the forecast period, i.e., 2023-28 cites MarkNtel Advisors in their recently drafted research report.

Due to factors such as the evolving lifestyles of the people, rapid urbanization, and improved disposable incomes, there has been a significant increase in consumers preferring flights for traveling both nationally and internationally thus boosting a notable growth in the Global In-flight Catering Services Market. Furthermore, the aviation industry’s rapid and incessant development across the world along with its focus on the satisfaction of the customer has also pushed the demand for inflight catering services, ultimately providing a boom to its market.

The airlines in the industry are constantly battling to be the best and are focusing on innovations and fresh ideas to cater to the needs of the consumers, thus compelling their in-flight catering services to come up with a wide range of food choices such as vegan, gluten-free, sugar-free, Navratri special meals, halal meals, etc. Consequently, the airlines are focusing on catering to all sorts of customer bases which has enhanced the Global In-flight Catering Services Market.

Analyzing the Global In-flight Catering Services Market Segmentation

  • By Food Type (Meals, Bakery & Confectionary, Beverages, and Others)
  • By Flight Type (Full-Service Carriers, Low-Cost Carriers, Hybrid, and Others)
  • By Aircraft Class (Economy Class and Business Class/First Class)
  • By Region (North America, South America, Europe, the Middle East & Africa, and Asia-Pacific)

The most coveted product in the Global In-flight Catering Services Market is the Meals, owing to their easy accessibility, popularity, and convenience. The ready-to-eat meals make a good option for passengers flying long distances and are running short on time. Moreover, the inclination of consumers towards health-conscious choices & customized choices regarding diets has also aided in the popularity of these meals. The companies are now offering convenient and nutritious meals to the passengers for their best experience, thus aiding the Global In-flight Catering Services Market.

Asia-Pacific dominates the Global In-flight Catering Services Market and is predicted to follow the same trend in the forecast period (2023-28).  Due to several factors such as improvement in individuals’ living standards, rising population of the middle class, multiplying airline operators, etc., the Asia-Pacific region has a soaring demand for the Global In-Catering Services Market.  Moreover, developing countries like India, China, etc., are urbanizing at a fast pace resulting in increased foreign tourism and travelling, thus elevating market growth. Further, the caterers are urged to provide the best quality food along with variations since the arrival of domestic airlines in international courses has increased the competition, significantly leading to the regional growth of the given market.

Prominent Players Competing in the Global In-flight Catering Services Market

Prominent companies holding a substantial share are Gate Gourmet, Emirates Flight Catering, Flying Food Groups, Cathay Pacific Catering Services, Sky Chef, Dnata, IGS Catering Services, and others, are among the top companies across the Global In-flight Catering Services Market.

Related posts

Insights about the Dow Jones Platform

The Dow Jones BRIC50 Index is a market index that goes on to measure the performance of the largest…
Read more

Haulage in Birmingham: Your Ultimate Guide to Nationwide Deliveries, Storage, and Distribution

Introduction When it comes to the movement of goods across the UK, haulage services play a pivotal…
Read more

HQPotner: The Ultimate Software Solution for Your Business

Are you ready to take your creative projects to the next level? Let’s discuss HQPotner, the…
Read more
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you. [mc4wp_form id="729"]

Leave a Reply

Your email address will not be published. Required fields are marked *