Inflight Catering Market
Inflight Catering Market Forecasts to 2028 – Global Analysis By Food Type (Meals, Beverages), Flight Duration (Short Haul, Long Haul), Catering Type, and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $10,989.11 MN |
|
Projected Year Value (2028) |
US $26,664.50 MN |
|
CAGR (2021 - 2028) |
13.5% |
|
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 Inflight Catering Market is accounted for $10,989.11 million in 2021 and is expected to reach $26,664.50 million by 2028 growing at a CAGR of 13.5% during the forecast period. Inflight food is the food served to passengers on board a commercial airliner. Specialist airline catering services prepare these meals and usually serve them to passengers using an airline service trolley.
Market Dynamics:
Driver:
Rise in offering customized and organic meals to the travelers in flight
Meals are normally ready on the ground in catering offices near the air terminal and are then shipped to the airplane and put in fridges for airline stewards to warm and serve ready. The food providers are more similar to the agents that help carriers mass-produce many dinners daily. The aircraft's catering group is generally answerable for the menu plan, offering quality food to the travelers.
Restraint:
High cost
An increase in the cost of the in-flight food services makes it difficult for the in-flight catering market to work properly. The in-flight catering market is characterized by high research & development and installation cost. Hence this high cost is also hampering the effective market growth to a great extent in the forecasted period.
Opportunity:
Advancements in the technologies
The major opportunity in this in-flight catering market is the advancement in the technologies of the food and beverages industries like the travelers could quickly order their food through online mode. To enhance the in-flight experience through the in-flight catering service, the prominent players are adopting digitally enabled services like the use of smartphones for food & beverage orders. Few airlines operating globally also allow passengers to place orders via in-flight entertainment systems.
Threat:
Food wastage
Transportation of food and low period of transported foods are increasing the food wastage in this industry. A portion of these food wastage elements likely set challenges in developing the in-flight catering market. It is important to tackle these market challenges effectively to enhance the growth of the particular market.
The economy class segment is expected to be the largest during the forecast period
The economy class segment is estimated to have lucrative growth owing to the rising number of passengers traveling through the economy class. In economic class, the focus is more on affordable meals and shelf-stable food for purchase on both long-haul and short-haul flights.
The full-service carriers segment is expected to have the highest CAGR during the forecast period
The full-service carriers segment is anticipated to witness the fastest CAGR growth during the forecast period due to in-flight entertainment, meals, baggage, blanket, and pillow all-inclusive in the ticket price. Full-service carrier offers passengers the options of economy class or business class travel and on some flights, premium economy and first-class; thus, contributing toward the market growth.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to the presence of major in-flight entertainment & connectivity manufacturers, and the rise in the number of passengers traveling for business and tourism in the region.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to population growth, economic growth, and the present level of efficient in-flight catering service technology helping increase profitability.
Key players in the market
Some of the key players profiled in the Inflight Catering Market include Universal Weather and Aviation Inc., The Emirates Group, Saudia (Saudi Arabian Airlines), DO & CO Aktiengesellschaf, Newrest Group Services SAS, LSG Sky Chefs, KLM Catering Services, Journey Group Plc., IGS Ground Services, HNA Group Co. Ltd., Gategroup, Flying Food Group, Deutsche Lufthansa AG, Cathay Pacific Catering Services Ltd, and SATS Ltd.
Key Developments:
In July 2020, Gategroup partnered with LATAM Airlines to provide inflight catering services for an additional five years. Gategroup will serve LATAM Airlines at 16 locations, which include two new strategic domestic locations: Bogotá, Colombia, and Santiago, Chile.
In June 2021, Thales launched AVANT UP. An in-flight entertainment system that offers features such as 4K HDR displays, in-seat power, and open operating system. The launch of the product enabled the company to strengthen its position in the global IFEC market.
Flight Types Covered:
• Low-Cost Carriers
• Full-Service Carriers
• Hybrid
Food Types Covered:
• Bakery & Confectionery (Dessert)
• Meals
• Beverages
Types Covered:
• In-House
• Outsource
• Hotels & Small Caterers
Aircraft Seating Classes Covered:
• First-Class
• Economy Class
• Business Class
Flight Durations Covered:
• Short Haul
• Long Haul
Catering Types Covered:
• Classic Catering
• Retail on Board
Provider Types Covered:
• In-Flight Complete Solution Provider
• In-Flight Culinary & On-Board Supplies Provider
• In-Flight Culinary Only Provider
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 2020, 2021, 2022, 2025, and 2028
- 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 Inflight Catering Market, By Flight Type
5.1 Introduction
5.2 Low-Cost Carriers
5.3 Full-Service Carriers
5.4 Hybrid
6 Global Inflight Catering Market, By Food Type
6.1 Introduction
6.2 Bakery & Confectionery (Dessert)
6.3 Meals
6.3.1 Main Course
6.3.2 Breakfast
6.3.3 Starters & Platters
6.4 Beverages
7 Global Inflight Catering Market, By Type
7.1 Introduction
7.2 In-House
7.3 Outsource
7.4 Hotels & Small Caterers
8 Global Inflight Catering Market, By Aircraft Seating Class
8.1 Introduction
8.2 First-Class
8.3 Economy Class
8.4 Business Class
9 Global Inflight Catering Market, By Flight Duration
9.1 Introduction
9.2 Short Haul
9.3 Long Haul
10 Global Inflight Catering Market, By Catering Type
10.1 Introduction
10.2 Classic Catering
10.3 Retail on Board
11 Global Inflight Catering Market, By Provider Type
11.1 Introduction
11.2 In-Flight Complete Solution Provider
11.3 In-Flight Culinary & On-Board Supplies Provider
11.4 In-Flight Culinary Only Provider
12 Global Inflight Catering 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 Universal Weather and Aviation Inc.
14.2 The Emirates Group
14.3 Saudia (Saudi Arabian Airlines)
14.4 DO & CO Aktiengesellschaf
14.5 Newrest Group Services SAS
14.6 LSG Sky Chefs
14.7 KLM Catering Services
14.8 Journey Group Plc.
14.9 IGS Ground Services
14.10 HNA Group Co. Ltd.
14.11 Gategroup
14.12 Flying Food Group
14.13 Deutsche Lufthansa AG
14.14 Cathay Pacific Catering Services Ltd
14.15 SATS Ltd
List of Tables
1 Global Inflight Catering Market Outlook, By Region (2020-2028) ($MN)
2 Global Inflight Catering Market Outlook, By Flight Type (2020-2028) ($MN)
3 Global Inflight Catering Market Outlook, By Low-Cost Carriers (2020-2028) ($MN)
4 Global Inflight Catering Market Outlook, By Full-Service Carriers (2020-2028) ($MN)
5 Global Inflight Catering Market Outlook, By Hybrid (2020-2028) ($MN)
6 Global Inflight Catering Market Outlook, By Food Type (2020-2028) ($MN)
7 Global Inflight Catering Market Outlook, By Bakery & Confectionery (Dessert) (2020-2028) ($MN)
8 Global Inflight Catering Market Outlook, By Meals (2020-2028) ($MN)
9 Global Inflight Catering Market Outlook, By Main Course (2020-2028) ($MN)
10 Global Inflight Catering Market Outlook, By Breakfast (2020-2028) ($MN)
11 Global Inflight Catering Market Outlook, By Starters & Platters (2020-2028) ($MN)
12 Global Inflight Catering Market Outlook, By Beverages (2020-2028) ($MN)
13 Global Inflight Catering Market Outlook, By Type (2020-2028) ($MN)
14 Global Inflight Catering Market Outlook, By In-House (2020-2028) ($MN)
15 Global Inflight Catering Market Outlook, By Outsource (2020-2028) ($MN)
16 Global Inflight Catering Market Outlook, By Hotels & Small Caterers (2020-2028) ($MN)
17 Global Inflight Catering Market Outlook, By Aircraft Seating Class (2020-2028) ($MN)
18 Global Inflight Catering Market Outlook, By First-Class (2020-2028) ($MN)
19 Global Inflight Catering Market Outlook, By Economy Class (2020-2028) ($MN)
20 Global Inflight Catering Market Outlook, By Business Class (2020-2028) ($MN)
21 Global Inflight Catering Market Outlook, By Flight Duration (2020-2028) ($MN)
22 Global Inflight Catering Market Outlook, By Short Haul (2020-2028) ($MN)
23 Global Inflight Catering Market Outlook, By Long Haul (2020-2028) ($MN)
24 Global Inflight Catering Market Outlook, By Catering Type (2020-2028) ($MN)
25 Global Inflight Catering Market Outlook, By Classic Catering (2020-2028) ($MN)
26 Global Inflight Catering Market Outlook, By Retail on Board (2020-2028) ($MN)
27 Global Inflight Catering Market Outlook, By Provider Type (2020-2028) ($MN)
28 Global Inflight Catering Market Outlook, By In-Flight Complete Solution Provider (2020-2028) ($MN)
29 Global Inflight Catering Market Outlook, By In-Flight Culinary & On-Board Supplies Provider (2020-2028) ($MN)
30 Global Inflight Catering Market Outlook, By In-Flight Culinary Only Provider (2020-2028) ($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.
For more details about research methodology, kindly write to us at info@strategymrc.com
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