In-flight Catering Services Market Size By Aircraft Seating Class (Economy-class, Business-class, First-class), By Source (In-house, Outsource), By Food Type (Meal, Bakery & Confectionery, Beverages), Industry Analysis Report, Regional Outlook, Application Development, Competitive Landscape & Forecast, 2020 – 2026

Published Date: Apr 2020  |  Report ID: GMI4634  |  Authors: Kiran Pulidindi, Sayan Mukherjee

Report Format: PDF   |   Pages: 120   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

In-flight Catering Services Market size exceeded USD 17.8 billion in 2019 and will exhibit around 15% CAGR from 2020 to 2026. Increasing demand for commercial aircrafts globally along with rising air traffic in Asia Pacific region will augment the market growth.
 

Rising demand for quality and healthy food among the air travellers will substantially influence the demand of in-flight catering services. Nowadays, consumers prefer healthy and nutritious products, such as all natural, no added, and free from type, that are prominently displayed food products in comparison to sugary and snacks products. Nutritional awareness among consumers has driven the demand for healthy food in the airline industry. Rising expectations of air travellers regarding nutritious and healthy food, irrespective of seating class, will positively influence the market demand.
 

In-flight Catering Services Market

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COVID-19 pandemic has severely impacted the global airline industry. Majority of the countries have suspended all their international as well as flights. According to IATA (International Air Transport Association), global airline industry has witnessed around 50% year-on-year loss till date and the situation might further deteriorate if the normal operations are not resumed soon.
 

In-flight Catering Services Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 17,786.3 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 14.9% 2026 Value Projection: 20,468.4 Million (USD)
Pages: 120 Tables, Charts & Figures: 151
Geographies covered (20): U.S., Canada, Germany, UK, France, Spain, Italy, Netherlands, China, India, Japan, South Korea, Indonesia, Malaysia, Brazil, Mexico, South Africa, UAE, Saudi Arabia, Qatar
Segments covered: Aircraft seating class, Source, Food Type, Region
Companies covered (14): Dnata, Saudi Airlines Catering, Gate Gourmet, LSG Group, Servair, Journey Group PLC, Newrest Catering, SATS Ltd., DO & CO., Emirates Flight Catering, Royal Holdings, ANA Catering Service Co. Ltd., Goddard Catering Group, Cathay Pacific
Growth Drivers:
  • Rising demand for commercial aircrafts across the globe
  • Increasing air traffic in Asia Pacific region
  • Development in the airline industry in Middle East region
  • Rising demand for quality and healthy food
Pitfalls & Challenges:
  • Stringent norms regarding airline-catering

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Economy class will dominate the market share

Economy class segment valued at USD 10.9 billion in 2019 and is poised to grow significantly from 2020 to 2026. Major airlines are emphasizing on the retention of economy class travellers to maintain their position in the industry. For instance, in 2018, British Airways introduced four-course meal for their economy class travellers. It has helped the company to retain significant number customers and to attract new ones. Rising demand for low-cost carriers, increasing economy class travellers will drive the market revenue.
 

Outsourcing is more popular

Outsource category dominated the in-flight catering services market in 2019. Global airline industry is stretched for profits in a highly competitive environment and is adopting cost-cutting strategy which impacts the in-flight catering business. Outsourcing of in-flight catering is majorly popular among the major airlines in the world. It has helped them to lower their expenditure and maintain the catering quality.
 

Increasing number of air travellers, proliferating demand for healthy and quality food, rising preference for low-cost flights are some of the factors driving the outsourcing of in-flight catering services.
 

Meals is the most preferred food type

In-flight Catering Services Market Size

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Meals food type segment account for over USD 8.2 billion in 2019. It can be ascribed to rising demand for meals across the globe, especially in long-haul flights. Rising air traffic will drive the consumption of meals as well as breakfast and ready-to-eat food items, which will boost the market growth.
 

Asia Pacific will be the most lucrative market

In-flight Catering Services Market Reginal insights

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Asia Pacific in-flight catering services market is likely to witness 16% CAGR through 2026 driven by rising air traffic, government initiatives and robust economic growth in the region.
 

North America market led by U.S. to hold substantial share in 2026. The region is witnessing substantial growth in commercial airline sector. U.S. is the largest country in the world in terms of air traffic. Increasing number of air-passengers will drive the regional market revenue.
 

Acquisitions and partnerships are the key business strategies

Key in-flight catering service market players include Dnata, Saudi Airlines catering, Gate Gourmet, LSG Group and Servair. The other players in the market includes Journey Group PLC, Newrest Catering, SATS Ltd, DO & CO, Emirates Flight Catering, Royal Holdings, ANA Catering Service Co. Ltd., Goddard Catering Group, etc.
 

Acquisitions and strategic partnerships are some of the key strategies adopted by the industry participants to enhance their footprint in the market. For instance, in December 2018, Dnata completed the acquisition of New York based VIP and airline catering company 121 Inflight Catering. This acquisition has helped Dnata to improve their foothold in the North America region. Recently, Gate Group announced the acquisition of European operations of LSG Group. It has helped the company to strengthen their position in the European market.
 

This market research report on in-flight catering services includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2016 to 2026, for the following segments:
 

Market, By Aircraft Seating Class

  • Economy class
  • Business class
  • First class

Market, By Source

  • In-house
  • Outsource

Market, By Food Type

  • Meal
  • Bakery & confectionery
  • Beverages
  • Others

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia
    • Qatar
       

Frequently Asked Questions (FAQ) :

The market size of in-flight catering services was exceeded USD 17.8 billion in 2019.
The industry share of in-flight catering services is anticipated to grow at around 15% CAGR between 2020 and 2026.
Asia Pacific dominated with more than one-third market share in 2019 and is likely to witness growth of around 16% throughout the forecast timeframe.
Outsource category accounted for the majority of market share in 2019 as it helps major airlines in the world to lower their expenditure and maintain the catering quality.
Prominent industry players include Dnata, Saudi Airlines catering, Gate Gourmet, LSG Group and Servair. The other players in the market includes Journey Group PLC, Newrest Catering, SATS Ltd, DO & CO, Emirates Flight Catering, Royal Holdings, ANA Catering Service Co. Ltd., and Goddard Catering Group.

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Premium Report Details

  • Published Date: Apr 2020
  • Pages: 120
  • Tables: 129
  • Charts / Figures: 22
  • Companies covered: 14
  • Countries covered: 20

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