In-Flight Catering Service Market At A CAGR 9.3% With A Market Value Of 3.46 USD 16.9 billion in 2022 to USD 31.6 billion by 2030
In-Flight Catering Service Market Research Report to reach Moderate CAGR over the forecast period 2023-2030 | MRFR
Market Research Future (MRFR) has published a cooked research report on the “Global In-Flight Catering Service Market” that contains information from 2022 to 2030. The In-Flight Catering Service Market is estimated to register a CAGR of 9.3% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the global In-Flight Catering Service Market— SATS, Servair, Egypt Air In-Flight Services, Goddard Catering, Air Culinaire, Emirates Flight Catering, dnata, Do & Co, Compass Group, and Gate Gourme.
In-Flight Catering Service Market Highlights
The global In-Flight Catering Service Market is accounted to register a CAGR of 9.3% during the forecast period and is estimated to reach USD 31.6 Billion by 2032.
The Global In-flight Catering Services Market refers to the industry that provides food and beverage services to passengers aboard commercial flights. In-flight catering services involve the preparation, packaging, and delivery of meals, snacks, and beverages to airlines for their passengers.
The key factors driving the growth of the global in-flight catering services market include the increasing air travel passenger volume, rising demand for high-quality food and personalized services, and the growing trend of offering premium in-flight dining experiences.
Segment Analysis
The global In-Flight Catering Service Market has been segmented based on class, flight type and catering.
On the basis of class, the market is segmented into first class, business class, premium economy class and economy class. The economy class portion is assessed to keep up with its strength over the figure time frame is attributable to the rising interest from arising nations combined with bigger volumes of travelers liking to go in the class.
Based on flight type, the market has been segmented into full service and low cost. As long-haul or international flights are often operated by full-service carriers, the growing demand for international travel is anticipated to spur sector expansion.
Based on catering, the market has been segmented into bakery & confectionary, meals and beverages. The development is anticipated to be aided by increased passenger demand for wholesome meals and consumer readiness to pay a higher price for them.
Regional Analysis
The global In-Flight Catering Service Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe In-Flight Catering Service Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The In-Flight Catering Service Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World In-Flight Catering Service Market comprises of Middle East, Africa, and Latin America.
The North American region, including the United States and Canada, had a significant market share in in-flight catering services. Major airline hubs such as Los Angeles, New York, and Chicago were key locations for catering providers.
Europe had a robust in-flight catering service market, with major players operating in key aviation hubs like London, Frankfurt, Paris, and Amsterdam. The region's strong airline industry and extensive air traffic contributed to the demand for catering services.
The Asia-Pacific region experienced rapid growth in the aviation sector, leading to an increasing demand for in-flight catering services. Countries like China, India, and Japan were major contributors to the market expansion.
Furthermore, the rest of the world's In-Flight Catering Service Market is divided into the Middle East, Africa, and Latin America. While the in-flight catering market in Latin America was relatively smaller compared to other regions, it still had notable players serving major airports in cities like São Paulo, Buenos Aires, and Mexico City.
Key Findings of the Study
- The global In-Flight Catering Service Market is expected to reach USD 31.6 Billion by 2032, at a CAGR of 9.3% during the forecast period.
- The Asia-Pacific region experienced rapid growth in the aviation sector, leading to an increasing demand for in-flight catering services. Countries like China, India, and Japan were major contributors to the market expansion.
- Based on class, the market is segmented into first class, business class, premium economy class and economy class holding the largest market in 2022.
- SATS, Servair, Egypt Air In-Flight Services, Goddard Catering, Air Culinaire, Emirates Flight Catering, dnata, Do & Co, Compass Group, and Gate Gourme.