In Flight Catering Service Market
In-Flight Catering Services Market Forecasts to 2030 - Global Analysis By Food Type (Bakery & Confectionary, Beverages, Breakfast and Other Food Types), Flight Type, Catering Service, Aircraft Class, Flight Duration, Provider Type, Service Type and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $18.8 BN |
|
Projected Year Value (2030) |
US $39.7 BN |
|
CAGR (2023 - 2030) |
11.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global In-Flight Catering Service Market is accounted for $18.8 billion in 2023 and is expected to reach $39.7 billion by 2030 growing at a CAGR of 11.2% during the forecast period. Airlines both domestically and abroad can order food from flight catering businesses. A service trolley used by an airline is used to deliver the food to the customers. Depending on the region or nation, the menu may change, but it often consists of meat, fish, salad or vegetables, a small bread roll, and a dessert. To draw passengers and maintain market dominance, airlines offer a variety of in-flight goods, loyalty programmes, and onboard food services. Some airlines have changed their cabin configurations, either by getting rid of first class or adding premium economy.
According to the International Civil Aviation Organization, there has been a dramatic growth in the aviation industry over the last two decades with passenger the number of passengers rising from 1.467 billion in 1998 to 3.979 billion in 2017.
Market Dynamics:
Driver:
Demand for high-quality catering equipment is rising.
The demand for airline food services is increasing as domestic and international air travel numbers rise. When travelling, consumers want healthy cuisine and now choose to order meals in advance through online booking services. This has motivated caterers and airlines to collaborate to develop effective in-flight food management systems. The market is therefore being driven by the rise in demand for high-quality catering equipment and wholesome in-flight cuisine.
Restraint:
Stringent regulations reduce affordability
The sector may be challenged by strict standards and laws that make purchasing in-flight culinary services less affordable. These rules may cover things like requirements for airport security, food safety and hygiene standards, and other things that caterers must follow in order to offer their services. As a result, catering businesses might need to figure out how to strike a compromise between following the law and keeping expenses low for their customers.
Opportunity:
The use of in-flight culinary services is growing
Airlines are providing excellent customer service as a result of increased automation in in-flight dining and improvements in catering management. Pre-ordered food options are an illustration of the type of personalised service that airlines constantly strive to provide. Customers should receive meals that are appropriate for their location, according to the business. Leading airlines all over the world are using cutting-edge technologies to enhance their in-flight catering offerings while also delivering new food selections that appeal to customer preferences, further increasing service demand.
Threat:
High cost of airline meals
The cost of operating an airport store and other factors contribute to the high cost of airline meals. Retailers must cover increased operating expenses and higher rent. The location of airports is rather outside of the city's core. Businesses must therefore pay a portion of employees daily travel expenses and pay them more than usual in order to get the workforce to the airport. All of this increases the business's operating expenses and pushes up product prices.
Covid-19 Impact:
The COVID-19 epidemic has significantly disrupted the supply chain for the entire aviation industry worldwide. In order to prevent the pandemic from spreading further, the governments of the bulk of the countries chose to impose a state of lockdown, place limitations on citizen mobility, and temporarily halt international trade and travel. These actions had a detrimental impact on both the global aviation and tourism industries.
The bakery & confectionery segment is expected to be the largest during the forecast period
The bakery & confectionery segment is expected to be the largest during the forecast period. One of the primary factors propelling the category is the rising passenger interest in nutritious juices, coffee, and tea, typically on short-haul flights. Another element encouraging the segment's growth is the broad variety of beverages available to passengers, including juices and other alcoholic beverages. In order to improve customer happiness, certain airlines' flight attendants have started offering personalised drinks.
The full-service carriers segment is expected to have the highest CAGR during the forecast period
The full-service carriers segment is expected to have the highest CAGR during the forecast period. As long-haul or international flights are often operated by full-service carriers, the growing demand for international travel is anticipated to spur sector expansion. Full-service carriers provide passengers a choice between business class and economy class, as well as premium economy and first class on some flights in an effort to promote market expansion.
Region with largest share:
North America is projected to hold the largest market share during the forecast period, owing to the presence of the largest airline catering companies. The increase in international travel and tourism, swift urbanisation, a rising level of living to support aspirational travel, and a recovery in discretionary expenditure are all elements supporting the expansion of the region. Additionally, it is anticipated that the region's growing airline operator base will provide in-flight food companies significant growth prospects.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the increase in disposable income in developing countries. Boom in international travel and tourism, rapid urbanization, a rising standard of living to match aspirational travel, and a return of discretionary expenditure are all elements that contribute to the regional boom. According to forecasts, the region would grow at the fastest rate, mostly as a result of considerable increases in both international air travel and tourism in developing countries like China, India, and Vietnam.
Key players in the market
Some of the key players in In-Flight Catering Service market include Cathay Pacific Catering Services Ltd, Flying Food Group, Servair SA, Gategroup, LSG Sky Chefs, GS Ground Services, SATS Ltd, Gate Group, Journey Group PLC, The Emirates Group, Newrest Group Services SAS and Dnata
Key Developments:
In August 2022, Dnata extended its partnership with GOL Airlines, an air and travel service provider, to strengthen the partnership and offer customers the best catering experience.
In June 2022, LSG Sky Chefs announced its contract extension with United Airlines for offering on-board catering services. LSG Sky Chefs signed a three-year contract with United Parcel Service to expand its services and business to cater to the needs of customers
Food Types Covered:
• Bakery & Confectionary
• Beverages
• Breakfast
• Main Course
• Starters & Platters
• Desserts
• Other Food Types
Flight Types Covered:
• Low-cost Carriers
• Full-service Carriers
• Other Flight Types
Catering Services Covered:
• Small Caterers
• Outsource
• Traditional Airlines
• In house
• Hotel
• Other Catering Services
Aircraft Classes Covered:
• Economy Class
• Business Class
• First Class
Flight Durations Covered:
• Short Haul
• Long Haul
Provider Types Covered:
• Complete Solution Providers
• Culinary & On-Board Supplies Providers
• Culinary Only Providers
Service Types Covered:
• Economy Service
• Premium Service
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global In-Flight Catering Services Market, By Food Type
5.1 Introduction
5.2 Bakery & Confectionary
5.3 Beverages
5.4 Breakfast
5.5 Main Course
5.6 Starters & Platters
5.7 Desserts
5.8 Other Food Types
6 Global In-Flight Catering Services Market, By Flight Type
6.1 Introduction
6.2 Low-cost Carriers
6.3 Full-service Carriers
6.4 Other Flight Types
7 Global In-Flight Catering Services Market, By Catering Service
7.1 Introduction
7.2 Small Caterers
7.3 Outsource
7.4 Traditional Airlines
7.5 In house
7.6 Hotel
7.7 Other Catering Services
8 Global In-Flight Catering Services Market, By Aircraft Class
8.1 Introduction
8.2 Economy Class
8.3 Business Class
8.4 First Class
9 Global In-Flight Catering Services Market, By Flight Duration
9.1 Introduction
9.2 Short Haul
9.3 Long Haul
10 Global In-Flight Catering Services Market, By Provider Type
10.1 Introduction
10.2 Complete Solution Providers
10.3 Culinary & On-Board Supplies Providers
10.4 Culinary Only Providers
11 Global In-Flight Catering Services Market, By Service Type
11.1 Introduction
11.2 Economy Service
11.3 Premium Service
12 Global In-Flight Catering Services Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Cathay Pacific Catering Services Ltd
14.2 Flying Food Group
14.3 Servair SA
14.4 Gategroup
14.5 LSG Sky Chefs
14.6 KLM Catering Services
14.7 ANA Catering Services Co. Ltd
14.8 DO & CO Aktiengesellschaf
14.9 IGS Ground Services
14.10 SATS Ltd
14.11 Gate Group
14.12 Journey Group PLC
14.13 The Emirates Group
14.14 Newrest Group Services SAS
14.15 Dnata
List of Tables
1 Global In-Flight Catering Services Market Outlook, By Region (2021-2030) ($MN)
2 Global In-Flight Catering Services Market Outlook, By Food Type (2021-2030) ($MN)
3 Global In-Flight Catering Services Market Outlook, By Bakery & Confectionary (2021-2030) ($MN)
4 Global In-Flight Catering Services Market Outlook, By Beverages (2021-2030) ($MN)
5 Global In-Flight Catering Services Market Outlook, By Breakfast (2021-2030) ($MN)
6 Global In-Flight Catering Services Market Outlook, By Main Course (2021-2030) ($MN)
7 Global In-Flight Catering Services Market Outlook, By Starters & Platters (2021-2030) ($MN)
8 Global In-Flight Catering Services Market Outlook, By Desserts (2021-2030) ($MN)
9 Global In-Flight Catering Services Market Outlook, By Other Food Types (2021-2030) ($MN)
10 Global In-Flight Catering Services Market Outlook, By Flight Type (2021-2030) ($MN)
11 Global In-Flight Catering Services Market Outlook, By Low-cost Carriers (2021-2030) ($MN)
12 Global In-Flight Catering Services Market Outlook, By Full-service Carriers (2021-2030) ($MN)
13 Global In-Flight Catering Services Market Outlook, By Other Flight Types (2021-2030) ($MN)
14 Global In-Flight Catering Services Market Outlook, By Catering Service (2021-2030) ($MN)
15 Global In-Flight Catering Services Market Outlook, By Small Caterers (2021-2030) ($MN)
16 Global In-Flight Catering Services Market Outlook, By Outsource (2021-2030) ($MN)
17 Global In-Flight Catering Services Market Outlook, By Traditional Airlines (2021-2030) ($MN)
18 Global In-Flight Catering Services Market Outlook, By In house (2021-2030) ($MN)
19 Global In-Flight Catering Services Market Outlook, By Hotel (2021-2030) ($MN)
20 Global In-Flight Catering Services Market Outlook, By Other Catering Services (2021-2030) ($MN)
21 Global In-Flight Catering Services Market Outlook, By Aircraft Class (2021-2030) ($MN)
22 Global In-Flight Catering Services Market Outlook, By Economy Class (2021-2030) ($MN)
23 Global In-Flight Catering Services Market Outlook, By Business Class (2021-2030) ($MN)
24 Global In-Flight Catering Services Market Outlook, By First Class (2021-2030) ($MN)
25 Global In-Flight Catering Services Market Outlook, By Flight Duration (2021-2030) ($MN)
26 Global In-Flight Catering Services Market Outlook, By Short Haul (2021-2030) ($MN)
27 Global In-Flight Catering Services Market Outlook, By Long Haul (2021-2030) ($MN)
28 Global In-Flight Catering Services Market Outlook, By Provider Type (2021-2030) ($MN)
29 Global In-Flight Catering Services Market Outlook, By Complete Solution Providers (2021-2030) ($MN)
30 Global In-Flight Catering Services Market Outlook, By Culinary & On-Board Supplies Providers (2021-2030) ($MN)
31 Global In-Flight Catering Services Market Outlook, By Culinary Only Providers (2021-2030) ($MN)
32 Global In-Flight Catering Services Market Outlook, By Service Type (2021-2030) ($MN)
33 Global In-Flight Catering Services Market Outlook, By Economy Service (2021-2030) ($MN)
34 Global In-Flight Catering Services Market Outlook, By Premium Service (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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