Key Insights on Global In-Flight Catering Market Evolution Covering Factors and Trends Forecasted till 2026

ALBANY, USA, 2018-Apr-30 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for in-flight catering market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global In-Flight Catering Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Increasing number of passengers traveling through domestic and international flights is driving the need for better on-board services. Hence, in-flight catering service providers are increasingly investing in the technologies ease the operations to produce meals for a high number of passengers. Most of the airlines have already dropped catering service on short-haul flights or domestic flights. In-flight catering companies are also ensuring food safety and quality to enhance the on-board experience.

As per the latest study by Market Research Reports Search Engine (MRRSE), the global market for in-flight catering is expected to witness steady growth. The market between 2017 and 2026 is projected to register 5.3% CAGR. The global market for in-flight catering is likely to bring in US$ 28,262.8 million revenue.

Main Courses to be offered on a Large Scale in the In-Flight Catering Market

Among various types of food offering including beverages, breakfast, starters & platters, main courses is likely to be offered on a large scale. By the 2026 end, main course is projected to surpass US$ 11,800 million revenue. Airlines across the globe are offering three-course meals in case of long-haul flights. Salads and beverages are offered as complimentary with the meal service. Most of the international flights are offering free meals, while alcoholic beverages are charged.

Economic Service to Gain Maximum Revenue Share

Compared to the premium service, economic service is likely to gain more than half of the revenue share by 2017 end. Economic service is projected to reach close to US$ 19,600 million revenue by 2026 end. Increasing number of passengers traveling through economy class is resulting in the growth of economic services in the in-flight catering market. In economic service, the focus is more on affordable meals, beverages and shelf-stable food for purchase in both long-haul and short-haul flights.

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Low-Cost Carrier to Gain Maximum Traction in the Global Market for In-Flight Catering

Low-cost carrier is likely to gain maximum traction in the market. Low-cost carrier is projected to create an incremental opportunity of over US$ 6,400 million between 2017 and 2026. There has been an increase in the number of passengers traveling by low-cost carrier. Moreover, the low-cost carrier is offering a variety of foods as per customer preference. In the recent years, low-cost carrier has shifted towards the paid food service.

Global In-Flight Catering Market- Market Segments

The global in-flight catering market is divided into offering type, service type, airline category, provider type, and region. Based on offering type, the market segments includes main courses, breakfast, starter & platters, desserts, and beverages.

On the basis of service type, the market is segmented into premium service, and economic service. Based on airline category, the market includes full service carrier, low cost carrier, and charter/private carriers.

Based on provider type, the segment consists culinary only providers, culinary and on-board supplies providers, and complete solution providers.

Geographically, the global in-flight catering market is segmented into the Asia Pacific Excluding Japan (APEJ), Latin America, Japan, Europe, North America, and the Middle East and Africa (MEA).

Competitive Intelligence

The global in-flight catering market report has covered all the key players operating in the market such as Abby’s Aircraft Catering Service, Air Culinaire Worldwide, Air Fayre, Air Gourmet, DNATA, Do & Co, Emirates Flight Catering, Flying Food Group, Gate Gourmet, Journey Group Pls., LSG Sky Chefs, Newrest Catering, SAAC Ltd., SATS, and UpperSky Catering.

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