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 is anticipated to grow at around 15% CAGR between 2020 and 2026. Increasing demand for commercial aircrafts across the globe will augment the market growth.
 

Emergence of low-cost airline services has significantly influenced the growth of air travellers in recent years. According to IATA, the number of air travellers will be doubled by 2037. It can be ascribed to eastward shift of the global airline industry.
 

According to Airbus, the largest aircraft manufacturer, over the period of next two decades close to 40,000 new aircrafts are required to cater the proliferating air travellers. Increasing air traffic coupled with rising consumer predilection towards air travel will drive the demand for new commercial aircraft, creating growth opportunities for the industry.
 

In-flight Catering Services Market

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Rising demand for quality and healthy food among the air travellers will positively influence the in-flight catering services industry demand. Moreover, rising expectations of air travellers regarding nutritious and healthy food, irrespective of seating class, will boost the market revenue.
 

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

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

In-flight catering services Market By Aircraft Seating Class

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Economy class segment in the in-flight catering services market valued at USD 10.9 billion in 2019 and is estimated to grow significantly through 2026 as economy class generates substantial revenue in the airline sector. Majority of air-travellers prefer economy class owing to its low cost.
 

Also, major airlines are emphasizing on 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.
 

Outsourcing is more popular

Outsource category accounted for the majority of market share in 2019. 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 across the globe, proliferating demand for healthy and quality food, rising preference for low-cost flights are some of the other factors driving the demand for outsourcing in-flight catering services.
 

Meals is the most preferred food type

Meals segment generated over USD 8.2 billion market revenue in 2019. It is attributed to rising demand for meals in the long-haul flights. Furthermore, rising air traffic across the globe will drive the consumption of meals as well as breakfast and ready-to-eat food items, fuelling the market growth.
 

Asia Pacific will be the most lucrative market

In-flight catering services Market By Region

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Asia Pacific in-flight catering services market dominated for more than one-third revenue share in 2019 and is likely to witness growth of around 16% throughout the forecast timeframe. Rising air traffic, government initiatives and robust economic growth in the region are chief factors driving the market revenue.
 

North America region will have substantial market share, led by the U.S. The market demand can be credited to the growing commercial airline sector. U.S. is the largest country in the world in terms of air traffic, which is expected to boost the regional market size.
 

Acquisitions and partnerships are the key business strategies

Prominent in-flight catering service providers 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. Acquisitions and strategic partnerships are some of the key strategies adopted by the industry participants to enhance their footprint in the market.
 

The 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) :

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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