Global In-Flight Catering Service Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Goddard Catering, Egypt Air In-Flight Services, Air Culinaire, Compass Group, SATS, Gate Gourmet, dnata, Servair, Emirates Flight Catering, and Do & Co are among the most significant market players that MRFR has identified in the global in-flight catering services market.
Market Insights
Market Research Future’s survey of the global in-flight catering service market indicates a modest, but healthy growth at a CAGR of 5% during the assessment period from 2016 to 2021. In-flight catering services are often a part of the experience of air travel. With a range of offerings, airlines are going above and beyond in ensuring that consumers enjoy their flight.
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Air travel has exploded in the last few years with more people flying than ever before. Cities of various sizes across the world are investing in the setup of airports and airlines are rapidly increasing their connectivity. The novelty and convenience of air travel have attracted many consumers to purchase air tickets. Increasing air travel is largely due to the rapid globalization that is occurring, combined with the growth of urbanization and industrialization. These factors have been instrumental in the increase of personal disposable incomes. Emerging economies are also being impacted by this and thousands of flights have been added to existing schedules to accommodate the high demand. With this rise in air travel, many airlines are being increasingly discerning in their in-flight catering services offerings so as to differentiate from each other. The demand for in-flight catering services has skyrocketed along with the air travel industry, and the market is expected to continue to grow. Many budget airlines offer consumers in-flight menus for a variety of snacks over short flights. Other airlines make sure to present their menu offerings along with the seat so that the consumer knows what they want. The increasing effort being put into in-flight catering services is expected to yield large opportunities for growth. Increasingly airlines are offering travelers the option to pre-book specific meals along with their seats to cater to specific dietary requirements. This includes low calories meals, halal meals, and lactose-free meals. Allergies are also increasingly being taken into consideration. Thus, the growing focus on maximizing the customer’s experience is expected to lead to significant market growth.
Food safety is a challenge with in-flight cater services, particularly during long haul flights. However, market players are aware of the discerning nature of consumer preferences and are increasingly adopting string safety regulations as a result. Moreover, the increasing demand for nutritious food is expected to offer the market with market opportunities in the near future.
Market Segmentation
The segmental analysis of the global in-flight catering service market has been determined on the basis of aircraft class, flight type, catering types, and region. Based on aircraft class, the market has been segmented into economy, premium economy, business class, and first class. The economy class segment is the largest and most significant sector due to its rapid growth. This can be attributed to the demand for affordable air travel tickets.
Flight types have been divided primarily into full service, and low cost. Full-service carriers account for the largest share due to corresponding demand. Full-service flights are often longer or international flights. The growth of international travel has had a positive impact on the full-service carriers segment.
Catering types have been segmented to include meals, beverages, bakery & confectionary, and others. Meals make up more than 50% of the market.
Regional Analysis
The Asia Pacific is expected to be front and center due to the regions majority share of the global market, followed by North America and the EMEA region. The increased disposable income in the region has led to a high demand for air travel. Urbanization and expansion of airline connectivity in the region have been key in driving the growth of the market.
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Scope of Report
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.
Table of Contents
1 Introduction
1.1 Report Description
1.2 Research Objective
2 Executive Summary
2.1 Key Findings / Highlights
2.1.1 Investment Opportunities
2.1.2 Market Startegies
2.1.3 Latest Developments
3 Scope of the Study
3.1 Markets Covered
3.2 Years Considered for the Study (2016-2021)
3.2 Geographic Scope
3.3 Key Stakeholders
4 Assumptions and Limitations
5 Research Methodology
5.1 Primary Research
5.2 Secondary Research
5.3 Econometric and Forecasting Model
6 Market Size Estimation
6.1 Top Down Approach
6.2 Bottom Up Approach
7 Market Factor Analysis
7.1 Value Chain Analysis
7.2 Supply Chain Analysis
7.3 Porter’s Five Forces Analysis
8 Market Dynamics
8.1 Drivers
8.2 Restraints
8.3 Opportunities
8.4 Trends
9 Market Segmentation
9.1 by Aircraft Class
9.2 by Flight Type
9.3 by Catering Type
9.3 by Region
Continued……
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