Inflight Catering Market 2019-2025
New Market Study, Report “Inflight Catering Market 2019 Global Industry Demand, Opportunities, Growth Drivers, Challenges, Strategies and Forecasts 2025” Has been Added on WiseGuyReports.com.
Inflight Catering is a fast-growing industry
This report provides in depth study of “Inflight Catering Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Inflight Catering Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Inflight catering or airline catering is the service offered by the companies during air travel and at the airports. The growth of this industry is largely dependent on the development and growth of the aviation industry. Also, the integration of technology for the ordering of beverages and food on-board is expected to help the overall growth in this industry.
An airline food or online meal is the meal served to passengers on-board. These meals are prepared by the catering companies and are served to the passengers via trolley. These catering companies have to follow certain rules and regulations in terms of food quality and food type. The inflight catering industry is expected to see a boom because of the low cost of flight services, an increase in the airline passenger traffic, a growing number of long-distance flights, and better quality of food being offered in flights nowadays.
As per the data, the global Inflight Catering market was valued at $17.7 billion in 2018 and is projected to grow at a CAGR of 5.6%. It is expected that the market will reach $24.3 billion by 2024. The growth factors include the increasing number of airline passengers, the rising number of airplane deliveries, and improving the economy of the world.
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The report has profiled some of the noteworthy players prevalent in the global Gate Gourmet, Cathay Pacific Catering, LSG Sky Chefs, Flying Food Group, Dnata, Newrest International Group, SATS Ltd, Emirates Flight Catering and more.
Based on the type of service offered, the global Inflight Catering market is classified into Meals, Bakery and Confectionary, Beverages, and Other. Here meal accounted for the major share in the global inflight catering market last year and is expected to grow at a good pace in the forecast period. The concept of mini-meals for customers with a moderate time of travelling has also been introduced. Also, the beverages segment is expected to obtain the highest growth rate during the forecast period in the regions where meals are available at an extra cost.
Based on the application point of view, the global Inflight Catering market can be divided into Economy Class, Business Class, First Class, and Other. In 2019, the economy class was the leading segment in the global market. The reason behind this is the lower price of the economy class air ticket.
The global Inflight Catering market report divides the entire market into North America, Europe, China, Japan, Southeast Asia, and India. The meals have a wide range of variety and differ based on the region and the catering company. North America has the largest share in the growth of this industry. The overall share contributed by North America in this industry is 36% followed by Asia-Pacific which contributes around 21% in the total growth rate. Because of the cultural differences, the catering suppliers invest more in the diversified menu types. The changing policy of the government of Asian countries has also increased the number of passengers travelling by airlines.
As per the trend, the key players have increased their spending in R&D exponentially. This is done to integrate the innovation with culinary excellence. This has resulted in premium quality food for airline inflight catering.
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Major Key Points from Table of Content:
1 Industry Overview of Inflight Catering
2 Manufacturing Cost Structure Analysis
3 Development and Manufacturing Plants Analysis of Inflight Catering
4 Key Figures of Major Manufacturers
8 Inflight Catering Major Manufacturers Analysis
8.1 Gate Gourmet
8.1.1 Gate Gourmet Inflight Catering Production Sites and Area Served
8.1.2 Gate Gourmet Product Introduction, Application and Specification
8.1.3 Gate Gourmet Inflight Catering Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.1.4 Main Business and Markets Served
8.2 Cathay Pacific Catering
8.2.1 Cathay Pacific Catering Inflight Catering Production Sites and Area Served
8.2.2 Cathay Pacific Catering Product Introduction, Application and Specification
8.2.3 Cathay Pacific Catering Inflight Catering Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.2.4 Main Business and Markets Served
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