In-Flight Catering Service Market – Takes Off To Land at 5% Of CAGR by 2021

Global In-Flight Catering Service Market – Report Segment: 

 

Global In-Flight Catering Service Market report is primarily segmented in to 4 dynamics by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type (Full Service and Low Cost) and by Catering Type (Bakery & Confectionary, Meals, Beverages, and Others), and by Geography(Region) - Forecast To 2021

Global In-Flight Catering Service Market – Utility Aspects of the Report 

 

• The report provides detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global In-Flight Catering Service Market

 

• Offers insights about factors affecting the market growth• Enables to analyze the In-Flight Catering Service Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.

• Provides historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)• Offers country-level analysis of the market with respect to the current market size and future prospective

• provides country-level analysis of the market for segment by aircraft class, flight types and catering types

• Offers strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

• Enables to track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global In-Flight Catering Service Market

Global In-Flight Catering Service Market – Utility Aspects of the Report 

 

The Global In-Flight Catering Service Market is expected to grow at a CAGR of around 5% during 2016-2021. Increased emphasis on quality food services and passenger preferences to pay for premium food are some of the key drivers for the market growth. In the catering types segment, meals accounts 50- 55% of the market share followed by bakery & confectionary and beverages. The Global In-Flight Catering Service Market is expected to grow, supported by innovative services offered by airline companies. Airline companies are increasingly offering a broader food menu and food customization options to customers. Growth dynamics in the Global In-Flight Catering Service Market are largely reliant on the health of the aviation sector. Key factors enhancing growth in the market include expanding global aircraft fleet, growth in the number of air passengers, and mushrooming of low cost airline companies in developing countries. Growing customer demand for nutritious food options, even while travelling, is driving growth in the market. The airline industry is therefore witnessing an alteration in passenger food preferences led by growing awareness over the nutritional value of food, rising health consciousness, and willingness to pay a price premium for high quality, nutritious food. Food safety is a major focus area for companies operating in the global in-flight catering services market. With quality and hygiene becoming a deciding factor for passengers in choosing a flight, catering companies are adopting stringent safety and sanitation measures to maintain quality of food.

Global In-Flight Catering Service Market –

Regional Analysis

APAC will dominate the market in the forecast period growing a CAGR of around 6%, followed by Americas and EMEA. Rapid urbanization, resurgence in discretionary spending, increase in international travel and tourism, and rising standard of living to complement aspirational travelling, are factors poised to drive growth in the region. By 2020, China is expected to supersede Japan to become the world's second largest source of business travel behind the United States. The Middle East is also emerging as a hub of international airline activity, with the region registering the highest number of order bookings for new aircraft.Global In-Flight Catering Service Market The reports also cover country level analysis. 

 

Some of the Majors players in Global In-Flight Catering Service Market are

 

• SATS• Servair

• Emirates Flight Catering

• dnata• Air Culinaire• Compass Group

• Do & Co• Egypt Air In Flight Services

• Gate Gourmet• Goddard Catering 

 

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