The In-flight Catering Services Market report, published by Stratview Research is Segmented by Aircraft Seating Class Type (Economy Class, Business Class, and First Class), by Source Type (In-house, Outsource), by Food Type (Meals, Bakery & Confectionaries, Beverages, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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.
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 of edibles to passengers on board a commercial airline. These meals are usually served using an airline service trolley.
The report estimates the current and future demand for In-flight Catering Services Market at the global, regional, as well as country-level. The report also studies all the major suppliers of the market located across the globe. The vital data/information offered in the report can play an important role for the market participants in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies in order to expedite their growth process. This exclusive report is the outcome of an exclusive research methodology including primary research and secondary research
Segment Analysis
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.
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.
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.
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.
Frequently Asked Questions (FAQs)
- What will be the size of the In-flight Catering Services Market in the coming years?
- Who are the key players in the In-flight Catering Services Market and what are their market shares?
- Which region is expected to remain the largest In-flight Catering Services Market?
- Which region is expected to witness the highest growth in the In-flight Catering Services Market?
- What are the key strategies adopted by the major vendors to lead in the In-flight Catering Services Market?
Report Customization Options
With this detailed report, Stratview Research offers customization options to the clients. This includes detailed company profiling of additional market players, Competitive Benchmarking of key players on the parameters like: Product portfolio, geographical reach, regional presence, and strategic alliances.
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