In-flight Catering Services Market Growth & Forecast Analysis | 2022-2028

Market Insights

The in-flight catering services market was estimated at USD 8.58 billion in 2021 and is likely to grow at a CAGR of 7.09% during 2022-2028 to reach USD 13.91 billion in 2028.

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The prime factor that is contributing to the demand for in-flight catering services is the growing commercial aircraft fleet size.

What are in-flight catering services?

In-flight catering services involve serving edibles to passengers on board a commercial airline. These meals are usually served using an airline service trolley.

COVID-19 IMPACT

The global pandemic has negatively impacted the growth of the In-flight catering service market. Restriction on international and domestic flights has been the key factor behind the declining growth of the market during the Covid era.

Key Players

Some of the major players in the market are-

• Dnata
• Saudi Airlines Catering
• Gate Gourmet
• LSG Group
• Servair
• Journey Group PLC
• Newrest Catering
• SATS Ltd
• DO & CO.

Segment Analysis

By Aircraft Seating Class Type

Based on the aircraft seating class type, the market is segmented as economy class, business class, and first class. The economy class segment is estimated to maintain its dominance over the forecast period owing to the rising demand from emerging countries coupled with larger volumes of passengers preferring to travel in class.

By Source Type

Based on the source type, the market is segmented as in-house and outsource. The outsource segment accounted for the larger share of the market in 2021 and is expected to maintain its dominance, during the forecast period, owing to cost-efficiency without compromising the quality.

By Food Type

Based on the food type, the market is segmented as meals, bakery & confectionaries, beverages, and others. The meals segment accounted for the largest share of the market in 2021 and is expected to command its leading position, bolstered by the growing demand for long-haul flights.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest market for in-flight catering services during the forecast period. The region’s market growth is attributed to the growing airline traffic and surging economic growth. China and India are major countries offering promising growth opportunities. Europe and North America are also likely to witness substantial growth opportunities over the forecast period.

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Market Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Aircraft Seating Class Type

• Economy Class
• Business Class
• First Class

By Source Type

• In-house
• Outsource

By Food Type

• Meals
• Bakery & Confectionaries
• Beverages
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, Source portfolio, Source launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the source types by food type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Source portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.