In-flight Catering Services Market Size, Share & Industry Report 2023-28

amitkumarmarkntel 9 views 13 slides Oct 15, 2024
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About This Presentation

The Global In-flight Catering Services Market size was valued at USD 9.21 Billion in 2022 and is projected to grow at a CAGR of around 5.19% during the forecast period 2023-28. The growth of the market would be propelled by the sudden surge in air passengers.


Slide Content

MARKNTEL ADVISORS
Global In-flight Catering
Services Market
Research Report:
Forecast (2023-2028)
Download a Free Sample of the Report:
[Forecast 2025-30 Also Available]

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Market Insights
TheGlobal In-flight Catering Services
Marketsize was valued atUSD 9.21
Billionin 2022 and is projected to grow at a
CAGR of around 5.19% during the forecast
period, i.e., 2023-28. The growth of the
market would be propelled by the sudden
surge in air passengers, both domestic &
international, predominantly due to a rise in
disposable incomes across developing
countries, coupled with changing lifestyles,
and increased urbanization. This, paired with
the continuous expansion of the global
aviation industry, is accelerating the demand
for inflight catering services worldwide.

Market Driver
A Swift Surge in Air Travelers; Compelling Airlines to Prioritize
Consumer Satisfaction: As the number of people opting for air
travel persists, elevating the overall flying experience has become
paramount. Given this, numerous airlines strive to provide a
superior onboardexperience, including high-quality meals and
refreshments. Subsequently, various catering options ranging from
standard meal services to specialized menus have gained
prominence. One notable instance would be the offering ofvegan,
gluten-free, and halal meal options, with which the airlines aim to
cater to a diverse range of passengers. Thus, the latest inflight
catering services exemplify the evolving expectations of air
travelersand the industry's commitment to accommodating diverse
dietary preferences and requirements. This commitment, coupled
with the increasing number of air travelers, has contributed to the
expansion of the inflight catering services market.
•In March 2023, Korean Air introduced a newly developed inflight
dining option, a Korean-style vegan meal. This addition aims to
meet the increasing demand from vegan passengers and aligns
with the airline's commitment to reducing carbon emissions by
offering eco-friendlier catering alternatives.

Market Segments
•By Food Type (Meals, Bakery &
Confectionery, Beverages, Others)
•By Flight Type (Full-Service Carriers, Low-
Cost Carriers, Hybrid, Others)
•By Aircraft Class(Economy Class, Business
Class/ First Class)
•By Region(North America, South America,
Europe, Asia-Pacific, Middle East, and Africa)

Top Companies
•Gate Gourmet
•Emirates Flight Catering
•Flying Food Groups
•Cathay Pacific Catering Services
•Sky Chef
•Dnata
•IGS Catering Services
•Jetfinity
•LSG Sky Chefs
•NewrestInternational Group

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market.html
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MarkNtel Advisors Target
Geographies-Focus
Areas
MarkNtel has strategically defined its target areas which are based on
evaluation by its analysts after analysing the growth potential of various
regions. Few of those parameters include:
-Political, Economic, Social, Technological and Environmental Analysis
-Credit Ratings provided by leading institutions
-GDP projections by bodies such as the World Bank, IMF, OECD, etc.
-Market Disruptions and the “Next Big Things”

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