MarkNtel Advisors – Leading Market Research Company found Global In-flight Catering Services Market is expected to reach 5.19% CAGR Growth By 2028.
This report provides a comprehensive analysis of the Global In-flight Catering Services Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the In-flight Catering Services Market
Base Year: 2022
Forecast Years: 2023-2028
Historical Years: 2018-2021
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Scope of the In-flight Catering Services Market Report:
The Global In-flight Catering Services Market size was valued at USD 9.21 Billion in 2022 and is projected to grow at a CAGR of around 5.19% during the forecast period, i.e., 2023-28. The growth of the market would be propelled by the sudden surge in air passengers, both domestic & international, predominantly due to a rise in disposable incomes across developing countries, coupled with changing lifestyles, and increased urbanization. This, paired with the continuous expansion of the global aviation industry, is accelerating the demand for inflight catering services worldwide.
Which prominent factor is expected to drive the In-flight Catering Services Market during 2023-28?
A Swift Surge in Air Travelers; Compelling Airlines to Prioritize Consumer Satisfaction: As the number of people opting for air travel persists, elevating the overall flying experience has become paramount. Given this, numerous airlines strive to provide a superior onboard experience, including high-quality meals and refreshments. Subsequently, various catering options ranging from standard meal services to specialized menus have gained prominence. One notable instance would be the offering of vegan, gluten-free, and halal meal options, with which the airlines aim to cater to a diverse range of passengers. Thus, the latest inflight catering services exemplify the evolving expectations of air travelers and the industry's commitment to accommodating diverse dietary preferences and requirements. This commitment, coupled with the increasing number of air travelers, has contributed to the expansion of the inflight catering services market.
- In March 2023, Korean Air introduced a newly developed inflight dining option, a Korean-style vegan meal. This addition aims to meet the increasing demand from vegan passengers and aligns with the airline's commitment to reducing carbon emissions by offering eco-friendlier catering alternatives.
What are the different Segment Available in the In-flight Catering Services Market?
By Food Type
- Meals
- Bakery & Confectionary
- Beverages
- Others
By Flight Type
- Full-Service Carriers
- Low-Cost Carriers
- Hybrid
- Others
By Aircraft Class
- Economy Class
- Business Class/ First Class
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
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Leading In-flight Catering Services companies operating in the Market
- Gate Gourmet
- Emirates Flight Catering
- Flying Food Groups
- Cathay Pacific Catering Services
- Sky Chef
- Dnata
- IGS Catering Services
- Jetfinity
- LSG Sky Chefs
- Newrest International Group.
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