BOSTON, May 10, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research's latest report, "In-Flight Catering Services Market" provides a thorough analysis of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape, offering valuable insights for industry professionals. The market study of an international In-Flight Catering Services report helps minimize the risks of uncertainties and helps in making sound decisions. This market report is also helpful in assessing the effectiveness of advertising programs and knowing the causes of consumer resistance. It reveals the nature of demand for the firm’s product to know if the demand for the product is constant or seasonal. The business report ascertains the status of the firm and its products. In-Flight Catering Services market survey report aids to know how patents, licensing agreements and other legal restrictions affect the manufacture and sale of the firm’s products.
The large-scale In-Flight Catering Services market report is helpful in knowing the general conditions prevailing in the mark, the marketing and pricing strategy of competitors. This market research report is a vital document in planning business objectives or goals. It is an organized method to bring together and document information about the In-Flight Catering Services industry, market, or potential customers. The info covered helps businesses know how patents, licensing agreements, and other legal restrictions affect the manufacture and sale of the firm’s products. In-Flight Catering Services report guides in determining the discount rates, the actual prices and the price ranges, price elasticity for its products.
Data Bridge Market Research analyzes that the global in-flight catering services market is expected to reach a value of USD 27,337.94 million by 2030, at a CAGR of 5.6% during the forecast period. This market report also covers pricing analysis and technological advancements in depth.
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Airline food services are an aid to make traveling much more interesting and memorable with good food. The in-flight meal is a meal served to passengers onboard a commercial airliner. These meals are prepared by specialist airline catering services and are normally served to passengers using an airline service trolley. Large flight kitchens can have considerable automation involved, including conveyor belts for controlling the pace of meal packaging across different sections of a flight kitchen; the automated plastic wrapping of meal packages; automated washing equipment for catering cutlery and accessories; and automatic rail system for traveling of meal trolleys through different servicing sections among others. The importance of hygiene and safety in-flight catering facilities is of paramount importance. Flight kitchens can have food analysis laboratories on-site to conduct different tests important for compliance with food standards.
In-flight catering services market is fragmented in nature, as it consists of many global players such as dnata, gategroup, Cathay Pacific Catering Services, LSG Group, and Newrest among others. The presence of these companies produces competitive prices for in-flight catering services across the region. Due to the presence of these players at regional and international levels, suppliers and manufacturers offer products with different specifications and characteristics in all budgets. The rising number of airline passengers and non-stop flights is driving market growth. Additionally, the changing lifestyle coupled with increasing disposable income is expected to drive market growth.
The Latest Study Conducts a Comprehensive Analysis of the Global Market, considering the current competitive landscape and its future evolution in the next few years.
The global In-Flight Catering Services market is experiencing rapid growth, fueled by rising demands, industrialization, consumer awareness, and technological advancements. Sales and revenue in this sector have surged at an exponential pace, and the market's expansion is expected to continue over the projected period.
In order to expand their market share and reach a wider client base, leading businesses in the worldwide In-Flight Catering Services market are heavily investing in research and development. The study provides detailed insights into the strategies, financial health, revenue, gross margin, and growth rates of these companies.
OPPORTUNITY
- Advancements in the flight food ordering framework
Over the last century, the emphasis on aircraft design has progressively switched from feasibility to safety and to fuel efficiency. However, the sustainability of air travel will entail an improvement in the passenger experience. In particular, passenger comfort and meal experience are at the heart of current requirements. Conventional galleys are replaced by an automatic loading system, while bottles and cans are replaced by fountain drink dispensers using syrups and powders. These new galleys automatically prepare passenger orders and load small carts attached to longitudinal rails located below the overhead bins. Once the targeted seat is reached by the cart, telescopic arms deliver the order to the passenger. As a consequence, the workload of crew members is highly reduced, and they can focus more on safety. While the weight added by the designed system is compensated by the removal of trolleys, weight is saved by removing cans and bottles. Moreover, the new smaller galley design enables more space to be redistributed between passengers so that seat pitch can be increased.
The most prominent players in the In-Flight Catering Services market include.
- dnata
- gategroup
- Cathay Pacific Catering Services
- LSG Group
- Newrest
- SATS Ltd.
- Flying Food Group
- DO & CO Aktiengesellschaft
- ANA CATERING SERVICE CO., LTD.
- Saudi Airlines Catering
- Emirates Flight Catering
- Brahim's Holdings
- Air Culinaire Worldwide
- air fayre
- EGYPTAIR IN-FLIGHT SERVICES
- Air Gourmet
- Beha Catering
- ABBY'S CATERING
- CAFS
- AeroChef
- DE LUXE LIMITED
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Recent Development
- In October 2022, in the course of the third quarter, LSG Group was able to secure or extend further airline catering contracts, such as a 3-year contract with Copa Airlines covering 22 stations, as well as with China Southern Airlines in Thailand and GOL in Brazil.
- In February 2023, Cathay Pacific Catering Services had a collaboration with VTC to nurture aviation talent in Hong Kong. This has helped the company to gain popularity among the population in Hong Kong.
Core Objective of In-Flight Catering Services Market:
Every firm in the In-Flight Catering Services market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- In-Flight Catering Services Market Size and growth rate factors.
- Important changes in the future In-Flight Catering Services Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of In-Flight Catering Services Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global In-Flight Catering Services top players profile and sales statistics.
Key Market Segments Covered in In-Flight Catering Services Industry Research
Food Type
- Meals
- Convenience Food
- Beverages
- Bakery
- Confectionary
Flight Category
- Full-Service Carriers
- Low-Cost Carriers
Aircraft Seating Class
- Economy Class
- Business Class
- First Class
Catering Type
- Retail On Board
- Classic Catering
Flight Type
- Domestic
- International
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Key Industry Drivers:
- Rising number of airline passengers and non-stop flights
The number of airline passengers and flights is growing due to economic and demographic growth. The growing middle class is stimulating airline activity. Also, there is the emergence of low-cost airlines which offer competitive prices on popular destinations. The traffic handled by an airport is strongly influenced by core activities such as tourism, business, and high-added-value manufacturing. Cities having a strong commercial orientation, such as corporate head offices, experience additional demand for air travel.
The higher the connectivity of the airport, the more air traffic, as it offers options to a wider array of destinations. This is particularly the case for airports acting as major hubs for air carriers. Thus, the rising number of airline passengers and non-stop flights is expected to drive the market's growth.
- Changing life style coupled with increasing disposable income
When disposable income increases, there is more money to either save or spend, which naturally leads to a growth in demand. Consumer spending is one of the most important determinants of demand. It creates the demand that keeps companies profitable and hiring new workers. Also, the changing lifestyle of many individuals demands high-quality, premium healthy food even while flying. The individualization of meals and beverages to fulfill customers' unique needs is a growing trend in the food industry. Half of the population prefers convenience food which aids consumers in saving time and effort in meal preparation. Owing to the fast and busy life, the consumption pattern of consumers shifts from raw food to convenience foods. Due to the constant evolution in the consumption pattern of consumers, convenient food has acquired substantial growth across the globe because of the expanding consumer health consciousness and increasing urban lifestyles.
In-Flight Catering Services Market Regional Analysis/Insights:
The countries covered in this In-Flight Catering Services market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Turkey, Belgium, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Oman, Kuwait, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
North America is expected to dominate the global in-flight catering services market with the largest market share. This share is attributable to the presence of key market players such as dnata, gategroup, Cathay Pacific Catering Services, LSG Group, and Newrest among others. Increasing number of domestic flights and rising passengers demand for in-flight catering services are anticipated to fuel the market growth during the forecast period in this region.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the In-Flight Catering Services market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the In-Flight Catering Services market.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global In-Flight Catering Services Market: Regulations
- Market Overview
- Global In-Flight Catering Services Market, By Food Type
- Global In-Flight Catering Services Market, By Flight Category
- Global In-Flight Catering Services Market, By Aircraft Seating Class
- Global In-Flight Catering Services Market, By Catering Type
- Global In-Flight Catering Services Market, By Flight Type
- Global In-Flight Catering Services Market, By Region
- Global In-Flight Catering Services Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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- Europe In-Flight Catering Services Market, By Food Type (Meals, Convenience Food, Beverages, Bakery, and Confectionary), Flight Category (Full-Service Carriers, and Low-Cost Carriers), Aircraft Seating Class (Economy Class, Business Class, and First Class), Catering Type (Retail On Board, and Classic Catering), Flight Type (Domestic, and International) https://www.databridgemarketresearch.com/reports/europe-in-flight-catering-services-market
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