Dublin, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The "In-Flight Catering Services Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global in-flight catering services market is expected to reach a value of $26.12 billion by 2028 from $17.95 billion in 2022, growing at a CAGR of 6.45% from 2022 to 2028
The global in-flight catering services market is intricately woven into the fabric of the aviation industry's growth and the surging desire for air travel worldwide. Leading this dynamic landscape is Europe, where prominent airlines and catering enterprises establish their operational stronghold.
The European in-flight catering services market, bolstered by the region's expansive airline sector, exercises a pivotal influence on the demand for such services. In Europe, the vitality of the in-flight catering domain is intricately tied to a matrix of factors including the number of operational airlines, their extensive flight networks, and the frequency of their airbound ventures. Moreover, the intricate web of connectivity linking various European cities and nations significantly contributes to the propulsion of in-flight catering service demand.
Fiercely competitive, the global in-flight catering service arena is a cauldron of endeavors where participants vie for market shares, utilizing strategies rooted in pricing, quality enhancement, innovation, and an array of service offerings. Among the prominent players shaping the sector's trajectory are industry stalwarts such as Gate Gourmet, LSG Sky Chefs, Do & Co, Dnata, SATS, Emirates Flight Catering, and Newrest.
However, the field is not limited to these giants; niche entities and regional contenders equally assume pivotal roles, augmenting the sector's vibrancy. Anticipated growth in the market hinges on the mounting preference for sustainable and nourishing food alternatives, inclusive of plant-based selections, with regional players poised to cater adeptly to distinct airline requisites. In this fiercely competitive milieu, the spectrum and caliber of services proffered by vendors emerge as critical determinants, shaping the landscape's evolution.
The progressive interconnectivity of cities and nations augments the appeal of air travel, fueling the ascent of air traffic and the proclivity for in-flight journeys, which inherently spurs the demand for adept in-flight catering services.
MARKET TRENDS & OPPORTUNITIES
Shift Towards Pre-packaged Food
Pre-packed food has become an increasingly popular choice in the in-flight catering services market due to several reasons such as convenience, variety, cost saving, help in waste reduction, ease of service, quality, and many more, which offers many benefits to airlines and passengers, making it a popular choice for in-flight catering services.
Moreover, pre-packaged food has several advantages over freshly prepared food for in-flight meals. Pre-packaged food is easy to handle, requires less preparation time, and can be easily stored and transported in bulk. It also comes up with great consistency in taste and quality because the food is prepared in a controlled environment, and each package contains the same quantity of ingredients.
Rising International Travel and Tourism
The rising international travel and tourism industry has driven the in-flight catering services market. As the number of people traveling by air has increased, so has the demand for high-quality and diverse food and beverage options during flights.
Such factors have led to a growing industry for in-flight catering services, which provide passengers with meals, snacks, and drinks during flights. The travel and tourism market has seen significant growth in recent years, driven by several factors. These include the increasing global population and rising disposable incomes, which have led to more people traveling for leisure and business.
Additionally, the growth of the sharing economy and the rise of online booking platforms have also contributed to expanding the travel and tourism industry.
INDUSTRY RESTRAINTS
Stringent Norms Lead to Less Affordability to Acquire In-Flight Catering Services
Stringent norms and regulations can lead to higher costs and less affordability in acquiring in-flight catering services, challenging the industry. These regulations can include food safety and hygiene standards, airport security regulations, and other requirements that catering companies must comply with to provide their services.
For example, catering companies may require specialized equipment and processes to ensure food is prepared and stored safely and hygienically. This can lead to higher costs for catering companies, which may need to invest in specialized equipment and staff training to meet these requirements. Additionally, catering companies may require frequent inspections and audits to comply with all applicable regulations.
These regulations can increase the cost of providing in-flight catering services, ultimately making it more difficult for airlines to afford these services and hampering the in-flight catering services market growth. As a result, catering companies may need to find ways to balance compliance with regulations while keeping costs affordable for their clients.
SEGMENTATION INSIGHTS
INSIGHTS BY AIRCRAFT CLASS
The in-flight catering services market is a crucial aspect of the aviation industry, playing a vital role in ensuring passenger satisfaction and comfort during their travels. There are generally three categories of aircraft: first class, business class, and economy class. In 2022, the economy class held the largest market share by aircraft class.
Economy class is the most affordable class of travel and is the most used by passengers. In-flight catering services for economy class passengers typically include snacks and beverages such as soft drinks, juices, and water. Depending on the airline's policy and the flight duration, some airlines may offer complimentary meals, while others may require passengers to purchase them.
INSIGHTS BY DISTANCE
The long-haul flight distance segment dominated the global in-flight catering services market 2022
Long-haul flights cover distances of over 6 hours and are generally the most demanding in terms of in-flight catering services. In-flight catering services for long-haul flights may include multiple meal services, snacks, and a wide range of beverages. In premium classes such as business and first class, passengers can expect gourmet meals and an extensive selection of premium beverages.
Additionally, many airlines provide special meals for passengers with dietary restrictions or preferences on long-haul flights. The in-flight catering services market for the long-haul is highly competitive, with many companies providing catering services to airlines worldwide. These companies often specialize in catering for specific regions or types of cuisine and work closely with airlines to develop menus and catering options that meet the specific needs of their passengers.
INSIGHTS BY SERVICES
The global in-flight catering services market by services segments such as meals, beverages, bakery & confectionery, and other services. The meals segment holds the most significant market share.
They are typically provided in all classes of service and may include full meals, snacks, or light refreshments, depending on the flight length and the class of travel. In-flight meals are often prepared in advance and packaged in individual containers to ensure quality and convenience for passengers.
In recent years, there has been a growing trend toward offering healthier and more diverse meal options in the in-flight catering services market. This includes offering more plant-based meal options and meals that cater to specific diets, such as low-carb or paleo diets.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 254 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $17.95 Billion |
| Forecasted Market Value (USD) by 2028 | $26.12 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Market Opportunities & Trends
- Growth in Aviation Industry
- Rise in Outsourcing Trends in In-Flight Catering Services
- Shift Toward Pre-Packaged Food
Market Growth Enablers
- Increasing Air Connectivity in Travel and Tourism
- Rising International Travel and Tourism Industry
- Rising Consumer Spending and Disposable Income
Market Restraints
- Rise in Demand for Low-Cost Airlines
- Stringent Norms & Regulations
Overview
- Role of Airlines Industry
- Pricing of In-Flight Meal
- Flight Catering Logistics
- Supply Chain Operating Model - Product Analysis
- Risk Factors
Value Chain Analysis
- Planning
- Raw Material Sourcing
- Make and Packaging Process
- On-Board Service
- Waste Management
- Recent Development
COMPETITIVE LANDSCAPE
Key Company Profiles
- Cathay Pacific Airways
- Do & Co Aktiengesellschaft
- The Emirates Group
- Flying Food Group
- Gategroup
- LSG Group
- SATS
- Newrest Group International
- Brahim's Holding
Other Prominent Vendors
- Abby's Catering
- Aero Angles Catering
- Aerowisatafood
- Air Culinaire Worldwide
- Air Fayre
- Casino Air Caterers and Flight Services (CAFS)
- Cookin Food Sweden
- Delisky
- Evergreen Sky Catering
- AAS Catering
- GIC International
- KLM Catering Services
- Kitchen Cuisine Flight Catering
- Qatar Aircraft Catering Company
- Royal Blue Catering
- Servair
- Qatar Airways
- Sancak Inflight Services
- Catering Air Algerie
- Egyptair In-flight Services
- Manny Catering
- SriLankan Catering
- Scarlett House Food
For more information about this report visit https://www.researchandmarkets.com/r/8lbhn
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