In-Flight Catering Market - Europe to Remain Dominant during the Forecast Period 2017-2026

Increasing number of passengers traveling through domestic and international flights is driving the need for better on-board services. Hence, in-flight catering service providers are increasingly investing in the technologies ease the operations to produce meals for a high number of passengers. Most of the airlines have already dropped catering service on short-haul flights or domestic flights. In-flight catering companies are also ensuring food safety and quality to enhance the on-board experience.

As per the latest study by Transparency Market Research (TMR), the global market for in-flight catering is expected to witness steady growth. The market between 2017 and 2026 is projected to register 5.3% CAGR. The global market for in-flight catering is likely to bring in US$ 28,262.8 million revenue.

Main Courses to be offered on a Large Scale in the In-Flight Catering Market

Among various types of food offering including beverages, breakfast, starters & platters, main courses is likely to be offered on a large scale. By the 2026 end, main course is projected to surpass US$ 11,800 million revenue. Airlines across the globe are offering three-course meals in case of long-haul flights. Salads and beverages are offered as complimentary with the meal service. Most of the international flights are offering free meals, while alcoholic beverages are charged.

Economic Service to Gain Maximum Revenue Share

Compared to the premium service, economic service is likely to gain more than half of the revenue share by 2017 end. Economic service is projected to reach close to US$ 19,600 million revenue by 2026 end. Increasing number of passengers traveling through economy class is resulting in the growth of economic services in the in-flight catering market. In economic service, the focus is more on affordable meals, beverages and shelf-stable food for purchase in both long-haul and short-haul flights.

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Low-Cost Carrier to Gain Maximum Traction in the Global Market for In-Flight Catering

Low-cost carrier is likely to gain maximum traction in the market. Low-cost carrier is projected to create an incremental opportunity of over US$ 6,400 million between 2017 and 2026. There has been an increase in the number of passengers traveling by low-cost carrier. Moreover, the low-cost carrier is offering a variety of foods as per customer preference. In the recent years, low-cost carrier has shifted towards the paid food service.

Complete Solution Providers to Witness Significant Growth in the Market

Complete solution providers are likely to gain nearly half of the revenue share towards 2017 end. Complete solution providers are projected to bring in close to US$ 13,500 million revenue by 2026 end. Increasing number of airlines are entering into a partnership with in-flight catering service providers who provide a complete solution including menu design, execution and delivery. In-flight service solutions are also being provided to lower operational costs. These in-flight solutions are helping airlines to manage on-board catering and provisioning costs.

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Europe to Emerge as the Largest Region in the Global Market for In-Flight Catering

Recently, there has been an increase in the number of people traveling to European Countries for tourism and business. This has resulted in the growth of aviation sector in the region. In-flight catering companies in Europe are also entering into a partnership and acquisitions and mergers. Meanwhile, growth in the aviation sector, followed by increasing international tourism and travel is driving the growth in APEJ, especially in China and India. Moreover, China is likely to become a second largest source of business travel after the U.S.

Competition Tracking

Key players covered in the global in-flight catering market report are UpperSky Catering, SAAC Ltd., SATS, Newrest Catering, Journey Group Pls., LSG Sky Chefs, Gate Gourmet, Emirates Flight Catering, Flying Food Group, Do & Co, Air Gourmet, DNATA, Air Fayre, Abby's Aircraft Catering Service, and Air Culinaire Worldwide.

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