In-Flight Catering Market Overview, Competitive Breakdown And 2027 Regional Forecast

Inflight or airline catering is a service provided by companies during air travel and at the airports. Catering becomes a very critical part of the business, especially for Network Carriers serving long distances. Meal design and meal planning are important processes of catering services. According to International Air Transport Association (IATA), catering planning and catering operations are important areas of activities of inflight services. Various organizations and groups are formed in order to regulate and organize inflight-catering activities. For instance, Inflight Catering Work Group was established in 2004, to bring together airlines and caterers in order to discuss issues of mutual concern and of special interest of the catering community, identify potential areas of cooperation, as well as implement concrete solutions. Moreover, Inflight RFID Task Force, focuses on catering trolley tracking and its maintenance history. Both these groups work with IATA.

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Rising number of airline passengers is fueling growth of the inflight catering market. For instance, according to Bureau of Transportation Statistics, in the U.S. total passenger enplanements in 2010, was 720.5 million which was increased to 763.2 million in 2014.

Market Dynamics

By aircraft class, economy class is gaining traction in the market. Rising number of passengers traveling through economy class is fueling growth of economic services in the inflight catering market. In economic class, the focus is more on affordable meals, beverages, and shelf-stable food for purchase in both long-haul and short-haul flights.

Europe held a significant market share in 2017, due to increasing number of people travelling to European countries and high number of domestic players in inflight catering services market. For instance, one of the important player in the inflight catering services market, LSG Group, headquartered in Germany, served 205 airports with 696 million number of meals by 2017.

Key features of the study:

• This report provides in-depth analysis of inflight catering and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global inflight catering market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
• The global inflight catering market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the inflight catering market

Detailed Segmentation:

Global Inflight Catering Market, By Aircraft class:

Economy class

Business class

First class

Global Inflight Catering Market, By Food type:

Meals

Bakery & Confectionary

Beverages

Others

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Major players operating in the global inflight catering market include, SATS ltd., Gate Gourmet, LSG Sky Chefs, DO & CO Aktiengesellschaft, NewrestInternational Group, Emirates Flight Catering, Flying Food Group, Journey Group plc, and DubaiNational Air Transport Association.

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