Airline food services are an aid to make traveling much more interesting and memorable with good food. The in-flight meal is a meal served to passengers onboard a commercial airliner. These meals are prepared by specialist airline catering services and are normally served to passengers using an airline service trolley.
Access Full Report @ https://www.databridgemarketresearch.com/zh/reports/global-in-flight-catering-services-market
Large flight kitchens can have considerable automation involved, including conveyor belts for controlling the pace of meal packaging across different sections of a flight kitchen; the automated plastic wrapping of meal packages; automated washing equipment for catering cutlery and accessories; automatic rail system for traveling of meal trolleys through different servicing sections. The importance of hygiene and safety in-flight catering facility is of paramount importance. Flight kitchens can have food analysis laboratories on site to conduct different tests important for compliance with food standards.
Data Bridge Market Research analyses that the In-Flight Catering Services Market is expected to grow at a CAGR of 5.6% in the forecast period of 2023 to 2030 and is expected to reach USD 27,337.94 million by 2030. The meals segment among food type is projected to propel the growth of the market due to increasing demand for in-flight catering meals among the population globally.
Key Findings of the Study
Changing Life style coupled with Increasing Disposable Income
When disposable income increases, there is more money to either save or spend, which naturally leads to a growth in demand. Consumer spending is one of the most important determinants of demand. It creates the demand that keeps companies profitable and hiring new workers. Also, the changing lifestyle of many individuals demands high-quality, premium healthy food even while flying. The individualization of meals and beverages to fulfill customers' unique needs is a growing trend in the food industry.
Half of the population prefers convenience food which aids consumers in saving time and effort in meal preparation. Owing to the fast and busy life, the consumption pattern of consumers shifts from raw food to convenience foods. Due to the constant evolution in the consumption pattern of consumers, convenient food has acquired substantial growth across the globe because of the expanding consumer health consciousness and increasing urban lifestyles.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Million
|
|
Segments Covered
|
Food Type (Meals, Convenience Food, Beverages, Bakery, and Confectionary), Flight Category (Full-Service Carriers, and Low-Cost Carriers), Aircraft Seating Class (Economy Class, Business Class, and First Class), Catering Type (Retail On Board, and Classic Catering), Flight Type (Domestic, and International)
|
|
Countries Covered
|
U.S., Canada, and Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Turkey, Belgium, and Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Oman, Kuwait, and Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
|
|
Market Players Covered
|
LSG Group (Germany), gategroup (Switzerland.), Cathay Pacific Catering Services (China), SATS Ltd. (Singapore), Flying Food Group (U.S.), dnata (U.A.E), Emirates Flight Catering (U.A.E), Newrest (France), air fayre (U.S.), DO & CO Aktiengesellschaft (Austria), CAFS (India), ABBY'S CATERING (U.S.), Air Culinaire Worldwide (U.S.), Air Gourmet (U.S.), Beha Catering (U.S.), DE LUXE LIMITED (UK), ANA CATERING SERVICES CO. LTD. (Japan), Brahim's Holdings (Malaysia), AeroChef (U.S.), EGYPTAIR IN-FLIGHT SERVICES (Egypt), Saudi Airlines Catering (Saudi Arabia), among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
|
Segment Analysis:
The global in-flight catering services market is segmented into five notable segments such as food type, flight category, aircraft seating class, catering type, and flight type.
- Based on food type, the market is segmented into meals, convenience food, beverages, bakery, and confectionery
In 2023, the meals segment is expected to dominate the market with a market share of 37.84% and is expected to reach USD 11,482.41 million by 2030, growing with a CAGR of 7.1% in the forecast period of 2023 to 2030.
- On the basis of food type, global in-flight catering services market is segmented into meals, convenience food, beverages, bakery, and confectionery. In 2023, the meals segment is expected to dominate the global in-flight catering services market with a market share of 37.84%.
- On the basis of flight category, global in-flight catering services market is segmented into full-service carriers and low-cost carriers. In 2023, the full-service carriers segment is expected to dominate the global in-flight catering services market with a market share of 61.76%.
- On the basis of aircraft seating class, global in-flight catering services market is segmented into economy class, business class, and first class. In 2023, the economy class segment is expected to dominate the global in-flight catering services market with a market share of 55.23%.
Based on catering type, the market is segmented into retail on board and classic catering
- On the basis of catering type, global in-flight catering services market is segmented into retail on board and classic catering. In 2023, the retail on board segment is expected to dominate the global in-flight catering services market with a market share of 58.91%.
- On the basis of flight type, global in-flight catering services market is segmented into domestic and international. In 2023, the domestic segment is expected to dominate the global in-flight catering services market with a market share of 74.83%.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in the global in-flight catering services market are LSG Group (Germany), gategroup (Switzerland.), Cathay Pacific Catering Services (China), SATS Ltd. (Singapore), Flying Food Group (U.S.), dnata (U.A.E), Emirates Flight Catering (U.A.E), Newrest (France), air fayre (U.S.), DO & CO Aktiengesellschaft (Austria), CAFS (India), ABBY'S CATERING (U.S.), Air Culinaire Worldwide (U.S.), Air Gourmet (U.S.), Beha Catering (U.S.), DE LUXE LIMITED (UK), ANA CATERING SERVICES CO. LTD. (Japan), Brahim's Holdings (Malaysia), AeroChef (U.S.), EGYPTAIR IN-FLIGHT SERVICES (Egypt), and Saudi Airlines Catering (Saudi Arabia) among others.
Market Development
- In April 2023, SATS Ltd. announced it had completed its acquisition of global air cargo logistics provider Worldwide Flight Services ("WFS") for EUR 1.3 billion (equivalent to approximately USD 1.8 billion) from an affiliate of Cerberus Capital Management ("Cerberus"), representing an enterprise value of EUR 2,250 million as previously announced. This has helped the company to expand globally.
- In March 2023, gategroup, the global leader in airline catering and food services, and Norwegian, Norway's largest airline, announced a long-term extension to their services partnership agreement which will further strengthen their commercial relationship. The new agreement came into effect starting January 1st, 2023. This has helped the company to expand globally.
- In January 2023, Casino Air Caterers and Flight Services (CAFS), India's leading flight catering organization, was awarded the ASSOCHAM (THE ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA). This has helped the company to expand globally.
- In June 2022, Emirates Flight Catering entered into a partnership with Coca-Cola Arena. As the exclusive F&B partner of Dubai's home of live entertainment, EKFC will provide a full range of catering and hospitality services, including menu development, food production, logistics, as well as service staff for all events and conferences.
- In February 2022, FLYING FOOD GROUP announced that it is recovering strongly despite the industry challenges resulting from the COVID-19 pandemic. It is exciting to see airline catering recovering and customer relationships continue to be strong and growing. Flying Food Group's Washington D.C. Dulles airport facility (IAD) is catering a daily Austrian Airlines flight from Virginia to Vienna, Austria.
Regional Analysis
Geographically, the countries covered in the global in-flight catering services market report are U.S., Canada, and Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Turkey, Belgium, and Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Oman, Kuwait, and Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global in-flight catering services market during the forecast period 2023 - 2030
In 2023, North America is expected to dominate the global in-flight catering services market owing to the rising number of airline passengers and non-stop flights. North America will continue to dominate the in-flight catering services market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period.
Asia-Pacific is estimated to be the fastest-growing region in the global in-flight catering services market for the forecast period 2023 - 2030
Asia-Pacific is estimated to be the fastest-growing region in the forecast period 2023 -2030 due to the changing lifestyle coupled with increasing disposable income in the region.
For more detailed information about the in-flight catering services market report, click here – https://www.databridgemarketresearch.com/zh/reports/global-in-flight-catering-services-market
