About In-flight Catering Services
The in-flight catering services market is expected to grow in the future due to the rising number of air passengers and preferences for premium food. Also, expanding the global aircraft fleet and growing demand for third-party caterers to achieve quality and affordability boosting the in-flight catering services market. In addition, advancement in technology of food-ordering systems trending in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global In-flight Catering Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dubai National Air Transport Association ( United Arab Emirates), DO & CO Aktiengesellschaft (Australia), Emirates Flight Catering ( United Arab Emirates) and Gate Gourmet (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Journey Group (United States) and LSG Lufthansa Service Holding AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global In-flight Catering Services market by Type (Outsource, In-house and Hotels & Small Caterer), Application (Low Cost Flight, Full Service Flight and Private Aircraft) and Region.
On the basis of geography, the market of In-flight Catering Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Class, the sub-segment i.e. Economy Class will boost the In-flight Catering Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Food, the sub-segment i.e. Meals will boost the In-flight Catering Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in the Technology of Food- and Ordering Systems
Market Growth Drivers:
Rising Number of Airline Passengers in Developing Countries and Increasing Expectations of the Passengers for High-Quality Food
Challenges:
Growth in the Low-cost Airline Market
Restraints:
Boarding of Retail
Opportunities:
Innovation in Food Technologies and Government Initiatives for Sustainable Air Connectivity Growth
Market Leaders and their expansionary development strategies
In Dec 2019, dnata has announced an agreement to purchase the remaining 50% of its UK inflight catering joint-venture, Alpha LSG, from the LSG Group. The acquisition expands Dubai-based dnata’s international portfolio and will make it the sole shareholder of the biggest inflight catering, onboard retail, and logistics company in the UK. The transaction is now subject to regulatory approval.
In Feb 2020, dnata continues to expand its global catering network. The company commenced operations in Canada by opening a new, 48,000ft2 (4,460m²) facility at Vancouver International Airport (YVR). dnata’s latest expansion represents a multi-million dollar investment and is expected to create 80 new, direct jobs with the company over the next 18 months.
Key Target Audience
In-flight Catering Services Providers, In-flight Catering Services Vendors, Industry Associations and Experts, Market Research Organizations and Consulting Companies and Research Institutes
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.