A recently published report by Fact.MR reveals that the global in-flight catering market is projected to grow at a modest CAGR of 6.5% during the forecast period (2021-2031), reaching US$ 13.7 Bn. Demand is accelerating on the back of surging air travel across various countries and continents in recent years.
Historical performance of the market estimates that the industry registered a growth rate of 5% from 2016 to 2020. Amid the coronavirus pandemic, demand fell significantly, attributed to suspension of air traffic to prevent further infection spread. As per data published by the International Air Transport Association (IATA), international passenger traffic in 2020 was 75.6% below 2019 levels, while domestic travel fell by 48.8%.
Demand for in-flight catering continues to remain concentrated in the European countries on the back of the increasing number of individuals traveling to Europe by air either for business or tourism. This factor has a dual complementing advantage as it has driven the growth of the aviation industry in Europe that in turn is influencing the use of in-flight catering, promoting the growth of the in-flight catering market in Europe.
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In-Flight Catering Market- Scope of Report A recent study by Fact.MR on the in-flight catering market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering in-flight catering.
The study also provides the dynamics responsible for influencing the future status of the in-flight catering market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the in-flight catering market, along with their product portfolios, enhances the reliability of this comprehensive research study.
Competitive Landscape Some of the key players in the market include Gate Gourmet, Saudi Airlines Catering, LSG Group, Dnata, and Servair, Goddard Catering Group, Newrest Catering, Royal Holdings, Journey Group PLC, DO & CO, SATS Ltd, Emirates Flight Catering, and ANA Catering Service Co. Ltd. among others.
In May 2021, Emirates Flight Catering owned Foodcraft collaborated with noon Daily, noon.com’s dedicated grocery platform. The objective of this partnership was to enhance delivery outreach during the festival of Eid, for which the company released a new range of frozen ready-to-cook meals Since November 2021, Newrest First Catering has officially begun providing catering services to United Airlines in Houston, Texas. As part of its contract, the company provided catering and logistic solutions to 427 aircrafts flying domestic and international routes. In the future, the company expects to supply 15,000 meals per day, to a maximum of 500 flights
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Key Segments Covered In-Flight Catering Market: Offering Type Main Course In-Flight Catering Beverages In-Flight Catering Breakfast In-Flight Catering Starters & Platters In-Flight Catering Desserts In-Flight Catering
Service Type In-Flight Catering for Full Service Carriers In-Flight Catering for Low-Cost Carriers Airline Category Economy Class In-Flight Catering Business Class In-Flight Catering First Class In-Flight Catering
Provider Type In-Flight Culinary Only Provider In-Flight Culinary & On-Board Supplies Provider In-Flight Complete Solution Provider Contact:
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