In-Flight Catering Service Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2021

“In-Flight Catering Service Market”
In-Flight Catering Service Market by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type , by Catering Type and by Geography – Forecast To 2021

Market Highlights:

Many times, people intending to travel by air choose the airline service while booking tickets on the basis of the food offered by airline services. Some airline services brag about featuring catering services from top food brands. Catering brands and top food brands are interested in offering in-flight catering services as the flight is a fixed market. Brands are confident that every passenger will certainly order something. Food safety is a major concern for passengers who consider factors like food quality and hygiene while choosing the flight. Hence, catering companies are serious about adopting stringent safety and sanitation measures to maintain the quality of the food. The key factors that are making impact on the business of in-flight catering include advancement of technology in-flight food ordering system, emergence of low-cost airline companies in developing countries, expanding global aircraft fleet, growth in the number of air travels, passengers’ demand for nutritious food options, even while travelling, rising health consciousness and rising disposable incomes.

Market Research Future (MRFR) has published a research report about the global in-flight catering service market. This report projects 5% CAGR (Compound Annual Growth Rate) between 2016 and 2021. According to this report, global in-flight catering service market has been segmented into aircraft class, flight type, catering-type, and lastly, region. On the basis of aircraft class, segmentation of global in-flight catering service market features business class, economy class, first class, and premium economy class. Flight types have been segmented into full service and low-cost service. Based on catering types, the market segmentation covers bakery & confectionary, beverages, meals, and others.

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Major Key Players

In the global in-flight catering service market, key players include Air Culinaire (USA), Compass Group (UK), Do & Co (Austria), Egypt Air In-Flight Services (Egypt), Emirates Flight Catering (United Arab Emirates {UAE}), Gate Gourmet (Switzerland), SATS (Singapore), Servair (France), dnata (UAE), and Goddard Catering (Barbados).

Latest Industry News

•              Malta-based airline Air Malta has launched an economy class in-flight catering service on board its flights. The decision was taken with an aim towards growth strategy, and to enhance the in-flight service and experience. Plans for menu change are on the cards, with items seasonally depending on the feedback from passengers.

•              Vistara has abandoned its box-meal concept. From now on, the airline is serving in-flight meals on usual trays for economy class passengers instead of the box.

•              The airline is also replacing fork and spoon with the spork, plastic casseroles with aluminum dishes, plastic straws and stirrers with paper or wooden ones, and disposable bowls in economy class with reusable ones.

The global in-flight catering services market is anticipated to grow owing to the increasing rate for Air Travels worldwide. The market is forecasted to demonstrate an upsurge growth by 2021, with a substantial CAGR of 5% during the projected period (2016 -2021). 

Segmentation:

The global in-flight catering service market report is primarily segmented in to 4 categories:

On The Basis Of Aircraft Class: First Class, Business Class, Premium Economy Class and Economy Class

On The Basis Of Flight Type: Full Service and Low Cost

On The Basis Of Catering Type: Bakery & Confectionary, Meals, Beverages and Others

On The Basis Of Region: Asia Pacific, Europe, North America, Latin America and the Middle East & Africa

Regional Analysis

The regional segmentation of global in-flight catering service market segments the market into regions namely The Americas (North America & South America), Europe, Asia Pacific, and Middle East & Africa (MEA). During the forecast period, Asia Pacific is expected to dominate the market with 6% CAGR (only for the Asia Pacific market). The reasons for the rise of Asia Pacific market are disposable income, rapid urbanization, tourism attributed to rising gross domestic product (GDP), and resurgence in discretionary spending, increase in international travel, rising standard of living to complement aspirational traveling. By 2021, China is expected to become the world’s second-largest source of business travel after the United States of America (USA), superseding Japan in the process. In the Asia Pacific, Australia, China, India, Japan and New Zealand are the biggest markets for in-flight catering service, followed by remaining countries of Asia Pacific. In North America, the biggest markets are Canada and the USA. Brazil has emerged as the largest market in South America. Other countries of the Americas make a significant contribution to the market. In Europe, the cream of in-flight catering service market comprises of France, Germany, Italy, Spain, and United Kingdom (UK), followed by rest of Europe. The forecast period also predicts that MEA will be one of the fastest growing regions amongst all the regions of the world. The development of the aviation market in the Middle East is making faster progress, compared to the aviation market in Africa where the air connectivity is relatively poor as a whole. Due to low-cost aircrafts being popular and catering services becoming popular, Europe and Asia are likely to remain as steady markets.

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The market report for In-Flight Catering Service Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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