In-Flight Catering Service Market To Register A CAGR Of Over 9.33% By 2027

 

According to the MRFR reports, the global market for in-flight catering service is estimated to attain a size of approximately USD 22290.7 Million by the end of 2027 while thriving at a healthy CAGR of over 9.33% during the assessment era.

In-flight catering service handle in-flight meals catered to the passengers boarding the flight. These meals are made by catering companies and are catered to passengers using trolley. These meals have an extensive range of variety and varies from company to company and region to region. The global in-flight catering service market has registered massive growth in the last few years. The growth of the market is mainly attributed to the growing rate of air travel globally. Furthermore, the factors such as rise in offering customized & organic meals and advancements in the technologies of the food & beverages industries are also likely to boost the growth of the in-flight catering service market over the forecasted era. On the other hand, the increase in the cost of the in-flight food services and low period of transported foods are projected to impede the growth of the global in-flight catering service market over the coming years.

Competitive Analysis

The global market for in-flight catering service has an incredibly competitive landscape. The players across the market are focusing on the expansion of their global market reach and thus implement several growth policies. The market has witnessed growth in the number of mergers and acquisitions in recent years owing to the growing demand for new airlines across the globe. The global in-flight catering service market has prominent leaders such as Do & Co, Emirates Flight Catering, Goddard Catering, Servair, Gate Gourmet, SATS, Compass Group, dnata, Air Culinaire, Egypt Air In-Flight Services, and several others.

Segment Analysis  

The global in-flight catering service market has been fragmented into numerous segments based on source type, aircraft seating class type, food type, and region.

Based on aircraft seating class type, the global market for in-flight catering service is divided into five stars, economy class, and business class.

Based on source type, the global market for in-flight catering service is split into outsourcing and in-house.

Based on food type, the in-flight catering service market is divided into drinks, dinners, bakery and confectionaries, and much more.

Regional Analysis

The global in-flight catering service market is examined across five major regions such as North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.

As per the MRFR reports, the Asia-Pacific region is anticipated to contribute for the largest share with a strong CAGR of over 6% in the global in-flight catering service market over the assessment era. The growth of the regional market is accredited to the flooding economic development and developing aircraft traffic across the region. Countries such as India & China are strong players offering assuring development opportunities. Furthermore, the factors such as the expansion in worldwide travel, quick urbanization, and the travel industry are also anticipated to catalyze the growth of the regional in-flight catering service market

The North America and European region are projected to grow substantially over the forecasted timeframe owing to the rapid growth in air travel.

The in-flight catering service market for the Middle East & African region is anticipated to grow substantially owing to the district enlisting the largest number of requests for a new airplane.

Recent Developments

·         February 2022- The Spanish airline Iberia recently updated its route network and announced new flights to the US and the reactivation of other seasonal routes. The carrier, for the first time will connect Madrid to Dallas Fort Worth, and also route to Washington Dulles, beginning from June 1. Iberia, during the summer will also revive its service to San Francisco. Iberia’s main aircraft, the Airbus A330 will function on these routes.

Iberia will be the first overseas carrier to cater Washington Dulles since the starting of the pandemic.

 

Full Report @ https://www.marketresearchfuture.com/reports/in-flight-catering-service-market-1303

 

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