About In Flight Catering -
A service offered by businesses to customers during air travel is in-flight catering, sometimes known as airline catering. A crucial aspect of the airline industry is in-flight catering, particularly for network carriers that provide long-distance service. As part of the in-flight catering service, meal design and planning are crucial steps. Catering operation and planning are crucial, according to the International Air Transportation Association (IATA). Given the impact of macro developments like the expanding urban sprawl and globalisation as well as micro ones like rising passenger expectations for upscale meals on board, the in-flight catering services market has been undergoing continual transformation. A growth in long-haul and non-stop flights, mostly as a result of an increase in both leisure and business travel, has increased passenger demand for on-board culinary services. In order to differentiate themselves from the competition and improve the overall travel experience for passengers, airlines all over the world are setting fair price ranges for meals served on board.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for In Flight Catering is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Gategroup Holding and LSG Sky Chefs (Lufthansa), Dnata and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how in flight catering can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analyst at AMA Research estimates that United States and UAE Vendors will contribute the maximum growth to Global In Flight Catering - 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.
Gategroup Holding (Switzerland), LSG Sky Chefs (Lufthansa) (Germany), Dnata (United Arab Emirates), SATS Ltd (Singapore), Emirates Flight Catering (United Arab Emirates), Do & Co (Austria), Cathay Pacific (Hong Kong), Saudi Airlines Catering (Saudi Arabia), Newrest Group Services SAS (France) and Servair (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Taj SATS Air Catering Limited (India), Flying Food Group, LLC (United States) and Abby's Catering (United States).
Segmentation Overview
AMA Research has segmented the market of Global In Flight Catering - market by and Region.
On the basis of geography, the market of In Flight Catering - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Airline Class, the sub-segment i.e. Economy will boost the In Flight Catering - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Catering Type, the sub-segment i.e. Meal will boost the In Flight Catering - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurge of Customized as well as Organic Meals for In-Flight Catering
Market Growth Drivers:
Rise in Automation and Proliferation of In Flight Catering Management and Increase in Number of Long-Haul and Non-Stop Flights due to the Upsurge in Leisure as well as Business Tourism
Challenges:
High Cost of In-Flight Catering Services and Stringent Norms Regarding Airline-Catering
Restraints:
Airline Industry was impacted by COVID-19
Opportunities:
Increasing Air Traffic in Asia Pacific Region and Development in the Airline Industry in Middle East Region
Market Leaders and their expansionary development strategies
In March 2022 Flight Delight Air Catering GmbH, a subsidiary of the Kδfer, announced the acquisition of the German catering business of gategroup with regard to both antitrust and merger control law. and Under certain conditions, the European Commission permitted gategroup to acquire LSG Sky Chefs' European operations. Among other things, gategroup had to find a suitable opponent to buy its current inflight food operation at German airports. The European Commission granted a few exceptions to the divestiture rules that looked to be required due to the severe effects of the COVID-19 pandemic on inflight catering enterprises, and this allowed the Transaction to be completed. The pandemic crisis' unique circumstances made it extremely difficult to carry with the divestiture responsibilities.
In March 2022 Newrest had announced partnership with easyJet. With the inclusion of two new nationsSwitzerland and Germanythis connection with the Londoner airline is renewed and strengthened. In Basel/Mulhouse and Berlin, Newrest is dedicated to developing new entities. Catering services have been added to Barcelona, Nantes, Geneva, Malaga, and Porto, having already been implemented in six other nations. Innovation serves as the foundation of the new contract. It still adheres to the goal of ensuring an impeccable onboard experience across all of Europe.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Government & Regulatory Bodies, Corporate Entities, End-use industries and Others
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.