The global in-flight catering services market size is expected to reach around US$ 24.6 Bn by 2026 growing at a CAGR of around 3.1% over the forecast period 2019 to 2026.
In-flight line of work service deals with in-flight meals served to the passengers boarding the flight. These meals are ready by a line of work firms and are served to passengers via tram. Over recent years, the world Inflight job industry has been growing chop-chop as the aviation market has been witnessing ascension. Globally, the expansion within the airline job market is driven by rising disposable incomes, increasing airline passengers, robust promoting by huge brands, the advancement of technology on the wing food ordering system, rising on-board job, etc.
The growth of the in-flight business market is basically captivated by the event and growth of the aviation trade. The integration of technology for the ordering of food and beverages on-board is predicted to assist the expansion of the in-flight business market. Also, ideas like retail onboard and private inflight chefs are anticipated to have an effect on the inflight business market within the close to future. The growth of the market is majorly thanks to increasing airline passengers, a rising variety of airplane deliveries, and a rising world economy. An in-flight or airline job may be a service provided by corporations throughout travel and at the airports. Rising rider expectations, regardless of the category of seating, for prime quality food is bolstering the expansion of the inflight job services market. In terms of food kind, the worldwide inflight job market is classified into meals, store & confectionary, beverages. Among these, meals accounted for the bulk share within the international inflight job services market in 2018 and is anticipated to stay the most important section throughout the forecast amount additionally. Specialist airline business services prepare these meals and typically serve to passenger’s mistreatment AN airline service trolley car. It’s one of the foremost important services provided aboard. In-flight business service is mainly addicted to the health of the aviation sector. Meanwhile, with the shoppers changing into health acutely aware, the demand for healthy and nutritionary food is increasing. So as to square move into the extremely competitive market, major airlines are that specialize in rising the aboard food choices. Technological advancements within the aboard food ordering system are proving to be the key driving issue for the world in-food business market.
By food type, meals segment has dominated the in-flight catering services
Meals has dominated the food type segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period from 2019 to 2026. Meals are expected to be the dominant food sort within the inflight line market throughout the forecast amount, because of the demand from the Asian and European airlines. There was a growing preference from the passengers in these regions towards meals, particularly in long-term flights. Some airlines within the North Yankee region serve meals that are on the market, at an additional price. However, the beverages phase is anticipated to get the best rate of growth throughout the forecast amount.
Based on craft category, the economy class is expected to dominate during the forecast period
Based on craft category, the market is classified into economy class, business category, and top notch. In 2019 economy category was the leading section within the world market, due to cheaper price of economy category air tickets. Additionally government of varied countries are introducing various initiatives to fuel the expansion of the aviation sector. For instance, UDAN-RCS, a policy by government of Asian nation was introduced in April 2017, with aim to form traveling cheaper for the growing social class is anticipated to drive the market in-flight occupation service market growth.
The market research study on “Global In-Flight Catering Services Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global in-flight catering services market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global in-flight catering services market, its aircraft class, flight type, food, outsource and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global in-flight catering services market size and volume, and segment markets by its aircraft class, flight type, food, outsource and geography along with the information on companies operating in the market. The global in-flight catering services market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America accounted for the high market share of the global in-flight catering services market and the region is also expected to maintain its dominance over the forecast period. Some major factors contributing to this growth are, rise in variety of passengers movement for business and touristry within the North America region. Increment, economic process, and social factors are expected to drive the In-Flight occupation service market trends in Asia- Pacific. The current level of economical In-Flight occupation service technology has helped in increasing the gain and is predicted to further boost the In-Flight. In addition to that economy class passengers are now demanding to have high quality food, which is boosting in-flight catering services market.
The key companies involved in the market includes ANA Catering Service Co., Ltd., Cathay Pacific Catering Services (H.K.) Ltd., DO & CO Restaurants & Catering AG, Emirates Flight Catering Co., LLC, Flying Food Group, LLC, GaJourney Group plc, Air Fayre CA Inc., LSG Lufthansa Service Holding AG, Newrest Group International S.A.S, and Saudi Airlines Catering Company.
Market By Aircraft Class
Market By Food
Market By Flight Type
Market By Outsource
Market By Geography
According to Acumen Research and Consulting, the in-flight catering services market size is anticipated to be worth around US$ 24.6 million in 2026.
The in-flight catering services market is anticipated to grow over 3.1% CAGR during the forecast period 2019 to 2026.
Event and growth of the aviation trade is main driver of the in-flight catering services market.
North America held maximum share in 2018 for in-flight catering services market.
ANA Catering Service Co., Ltd., Cathay Pacific Catering Services (H.K.) Ltd., DO & CO Restaurants & Catering AG, are Emirates Flight Catering Co., LLC are the top players operating in the in-flight catering services market.
Meals has dominated the food type segment in the year 2018.
Based on craft category, the market is classified into economy class, business category, and top notch.