In-Flight Catering Service Market

1. In-Flight Catering Service Market is Expected to Reach $24,113 Million by 2026 - Allied Market Research Global Opportunity Analysis and Industry Forecast, 2019-2026

2. In-Flight Catering Service Market Outlook - 2026 • In-flight catering service deals with in-flight meals served to the passengers boarding the flight. These meals are prepared by catering companies and are served to passengers via trolley.  • Download Sample Report • The global in-flight catering service market size was valued at $18,081 million in 2018, and is expected to reach $24,113 million by 2026, growing at a CAGR of 3.66% from 2019 to 2026. • Due to growth in urban middle class population in developing countries such India, China, and Brazil people continue to migrate to cities for economic opportunity, the middle class will expand and begin to travel. Furthermore, additional domestic routes in developing countries and supportive government policy are further expected to boost the market growth.

3. The meals have wide range of variety and differs from company to company and region to region. The inflight catering company is guided by various rules and regulations to offer passengers quality food and food products. For instance, EgyptAir, Emirates, Etihad Airways, Garuda Indonesia, and others served meal with Halal certification without pork and alcohol in accordance with Islamic customs. While Emirates, Etihad, and Qatar still provide wine to the non-Muslim passengers upon request. The food type range from a simple snack or beverage in short-haul economy class to a seven-course gourmet meal in a first class long-haul flight. The types of food offered, often incorporate elements of local cuisine, sometimes both from the destination countries and origin. • n the recent years, an exponential rise in the number of passengers travelling via air is expected to be the primary driver for the growth of the in-flight catering service industry. Despite slower economic growth in various countries, the number of domestic and international passenger travelling by air has increased, thereby boosting the market growth. However, healthy growth in the market is projected due to rise in expectation of flyers to have nutritious and healthy food is also expected to boost the market growth. In addition, rise in adoption of online platforms for meal booking by the major airline companies is further expected to increase meal booking. Moreover, rise in automation and proliferation of inflight catering management has enabled caters and airline to collaborate and offer a rich passenger experience at minimum cost. Furthermore, rise in investment in the aviation sector is expected to benefit the catering service market as global in-flight catering company would further invest and substantially increase their market In-Flight catering service market share. In addition, the government of India has approved 100% of foreign direct investment (FDI) in scheduled air transport service regional air transport service and domestic scheduled passenger airline. However, FDI over 49% would require government approval. India’s aviation industry is expected to witness Rs 35,000 crore (US$ 4.99 billion) investment in the next four years. The Indian government is planning to invest US$ 1.83 billion for development of airport infrastructure along with aviation navigation services by 2026. 

4. Leading Key Players • Some of the major players in the operating in the global in-flight catering service market include Gategroup, Newrest Group International S.A.S, LSG Sky Chefs, Do & Co, Emirates Flight Catering, SATS Limited, Cathay Pacific Airways Limited, Flying Food Group LLC, Saudi Airlines Catering Company, and Royal In-Flight Catering.  • The other players in the in-flight catering service industry are Journey Group Plc, On Air Dining, KLM Catering Services Schiphol, Air Fayre, Servair, LSG Lufthansa Service Holding, Abby's Catering, AAS Catering, LSG Lufthansa Service Holding, ANA Catering Service, TajSATS Air Catering Limited, and Brahim's SATS Food Services. 

5. Key Benefits for In-Flight Catering Service Market: • This report provides a quantitative analysis of the current In-flight catering service industry trends, estimations, and dynamics of the market from 2019 to 2026 to identify the prevailing market opportunities. • The key countries in all the major regions are mapped based on their market share. • Porter’s five forces of in-flight catering service market analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network. • An in-depth analysis of the in-flight catering service market size helps to determine the prevailing market opportunities. • The market in-flight catering service market forecast are provided along with the information related to key drivers, restraints, and opportunities.  • A detailed analysis of the in-flight catering service market segments measures the potential of the market. These segments outline the favorable conditions for the market forecast.

6. Key Market Segments • BY FOOD TYPE • Meals • Bakery and Confectionary • Beverages • Others BY AIRCRAFT CLASS Economy Class Business Class First Class BY FLIGHT TYPE Full Service Low Cost

7. By Region • North America • U.S. • Canada • Mexico • Europe • Germany • France • UK • Italy • Spain • Russia • Rest of Europe • Asia-Pacific • China • Japan • India • Australia & New Zealand • South Korea • ASEAN • Rest of Asia-Pacific • LAMEA • Brazil • Argentina • Saudi Arabia • South Africa • Rest of LAMEA

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