In-Flight Catering Service Market on Auto Pilot Mode Accelerates at 5% CAGR during 2017 to 2021

In-Flight Catering Service Market
Market Research Future published a cooked research report on “Global In-Flight Catering Service Market” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021

In-Flight Catering Service Market – Utility Aspects of the Report

The Global In-Flight Catering Service Market is expected to grow at a CAGR of around 5% during 2016-2021. Increased emphasis on quality food services and passenger preferences to pay for premium food are some of the key drivers for the market growth.     

 

In the catering types segment, meals account 50- 55% of the market share followed by bakery & confectionary and beverages.    

 

The Global In-Flight Catering Service Market is expected to grow, supported by innovative services offered by airline companies. Airline companies are increasingly offering a broader food menu and food customization options to customers.

 

Growth dynamics in the Global In-Flight Catering Service Market are largely reliant on the health of the aviation sector. Key factors enhancing growth in the market include expanding global aircraft fleet, growth in the number of air passengers, and mushrooming of low cost airline companies in developing countries. Growing customer demand for nutritious food options, even while travelling, is driving growth in the market. The airline industry is therefore witnessing an alteration in passenger food preferences led by growing awareness over the nutritional value of food, rising health consciousness, and willingness to pay a price premium for high quality, nutritious food. Food safety is a major focus area for companies operating in the global in-flight catering services market. With quality and hygiene becoming a deciding factor for passengers in choosing a flight, catering companies are adopting stringent safety and sanitation measures to maintain quality of food.

 

Global In-Flight Catering Service Market – Key Players

Some of the Majors players in Global In-Flight Catering Service Market are

  • SATS
  • Servair
  • Emirates Flight Catering
  • dnata
  • Air Culinaire
  • Compass Group
  • Do & Co
  • Egypt Air In Flight Services
  • Gate Gourmet
  • Goddard Catering      

 

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Global In-Flight Catering Service Market – Overview:

The Global In-Flight Catering Service Market is expected to grow at a CAGR of around 5% during 2016-2021. Increased emphasis on quality food services and passenger preferences to pay for premium food are some of the key drivers for the market growth.     

 

Economy class is expected to be around $12 billion market in the forecast period, growing at a considerable rate of CAGR, followed by premium and business class aircraft. Full service carriers account almost 80% of the market share and will continue to dominate the inflight catering service market. Confirms the Scholar in the exclusive Market Study Report presented by Market Research Future – “Global In-Flight Catering Service Market” This report takes you through the full Market Analysis, Opportunities, Price, Growth, Trends and Featuring the market Predictions right up to the years 2021 and helps you to find out:

  • How the market revenue is progressing globally.
  • What are the key driving or affecting factors for the market growth?
  • How the market revenue is progressing in various segments & geographies.
  • Who are the emerging Players, current players & the Key Players (Leaders) of the market? Get yourself acquainted with their trends.
  • What are the current main market trends responsible for shaping up the Market Acquisitions

 

Global In-Flight Catering Service Market – Report Segment:

Global In-Flight Catering Service Market report is primarily segmented in to 4 dynamics by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type (Full Service and Low Cost) and by Catering Type (Bakery & Confectionary, Meals, Beverages, and Others), and by Geography (Region) – Forecast To 2021

 

Browse Report Details @ https://www.marketresearchfuture.com/reports/in-flight-catering-service-market-1303

 

Global In-Flight Catering Service Market – Regional Analysis

APAC will dominate the market in the forecast period growing a CAGR of around 6%, followed by Americas and EMEA.  Rapid urbanization, resurgence in discretionary spending, increase in international travel and tourism, and rising standard of living to complement aspirational travelling, are factors poised to drive growth in the region. By 2020, China is expected to supersede Japan to become the world’s second largest source of business travel behind the United States.

 

The Middle East is also emerging as a hub of international airline activity, with the region registering the highest number of order bookings for new aircraft.

 

Global In-Flight Catering Service Market The reports also cover country level analysis.

 

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