Inflight catering Market : Global Major Key Players Research – Forecast to 2023

Global InFlight Catering Market by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type (Full Service and Low Cost), by Catering Type (Bakery & Confectionary, Meals, Beverages, and Others), and by Geography - Forecast To 2021

Market Scenario of Global InFlight Catering Market

The global market for InFlight Caterings 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).

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

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

Food safety is a major focus area for companies operating in the global InFlight Caterings 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.

Key factors that impacting InFlight Catering market growth positively; are expanding global aircraft fleet, growth in the number of air travels, and emergence of low cost airline companies in developing countries. Burgeoning customer demand for nutritious food options, even while travelling, is driving growth in the market.

Key Players of InFlight Catering Market

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

Press Release Available : https://www.marketresearchfuture.com/press-release/global-in-flight-catering-service-industry

Growth Drivers & Restraints of Global InFlight Catering Market

Global InFlight Catering Market is driven by the growth in airline passengers over the past few years. Growth dynamics in the global airline catering market are extremely reliant on the growth of the aviation sector. Increased emphasis on quality food services and passenger preferences to pay for premium food are some of the key drivers for the market growth. Also, factors such as rising disposable incomes, increasing airline passengers, advancement of technology in flight food ordering system, rising on-board catering is contributing to the market growth. Additionally, growing customer demand for nutritious food options led by growing awareness over the nutritional value of food, rising health consciousness are some of the additional factors supporting to the market growth.

Regional and Country Analysis of InFlight Catering Market

APAC will dominate the market in the forecast period growing at a CAGR of around 6%, followed by Americas and EMEA. Rapid urbanization, resurgence in discretionary spending, increase in international travel and tourism attributed to Rising GDP, and consequently, disposable income and rising standard of living to complement aspirational travelling, are factors poised to drive growth in the Asia Pacific region.

By 2021, China is expected to supersede Japan to become the world's second largest source of business travel after 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.

Get More information :?https://www.openpr.com/news/1505948/In-Flight-Catering-Service-Market-2019-Global-Leading-Players-SATS-Servair-Emirates-Flight-Catering-dnata-Air-Culinaire-Compass-Gate-Gourmet-and-Goddard-Catering.html

Mrfr team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technolo