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In-Flight Catering Services Market Growth Drivers, Segments, Analysis, Opportunities and Trends 2022-2030

The In-Flight Catering Services Market size was valued at USD 16.23 billion in 2021 and is predicted to reach USD 26.53 billion by 2030 with a CAGR of 5.4% from 2022-2030. In-flight catering services refer to the meals served to passengers boarded in flights. These meals are arranged by specialist catering companies. The quality and quantity of the meals served in flights varies across airline companies and class of travel. Inflight catering companies are guided by various rules and regulations to offer passengers quality food items. For instance, Etihad Airways, EgyptAir and several others have special regulation regarding the meat served in their flights. They mandate that the meat should be halal certified and do not allow pork to be served as per the Islamic custom.

Market Segmentations and Scope of the Study:

The in-flight catering services market size has been segmented based on food type, flight type, and geography. Based on food type, the market is classified into meals, bakery & confectionary, beverages, and others. Based on flight type, the market is bifurcated into full service and low cost. The geography breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

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Geographical Analysis

The global In-flight catering services market across Asia Pacific region holds the highest market share and is expected to continue dominating the market during the forecast period. This is attributed to factors such as rising population and supportive government policies. In addition, developing countries including China and India are investing huge amount of money on airport infrastructure projects, which in turn is expected to propel the growth of the market in this region. At the same time, North America is expected to show a steady rise in the in-flight catering services market due to greater number of business travel and busy schedule of the passengers. Also, unique trend of offering regional as well as continental meal options to their passengers is further boosting the market growth in this region.

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Competitive Landscape

The market comprises of various players such as Gategroup, Cathay Pacific Airways Limited, DO & CO., The Emirates Group, Flying food Group LLC, LSG Sky Chefs, Newrest Group International S.A.S., SATS Limited, LSG Sky Chefs, and Goddard Catering. The market is dynamic with the key service providers forming joint ventures and long-term agreements with various airline operators to introduce innovative solutions to strengthen their market presence. For instance, in June 2021, Newrest, a multi sector catering services provider signed a new inflight catering contract with a leading American airline in Atlanta. Newrest’s inflight catering standards enable the teams to provide the highest food safety such as end-to-end cold chain management and HACCP tracking of food production. In addition, traveler’s security had gained importance due to the outbreak of Covid 19. Also, in July 2021, Gategroup, a leading global airline catering, company signed a partnership renewal agreement with LATAM Airlines to provide inflight catering services for additional five years. According to the agreement, Gategroup will serve LATAM Airlines at 14 locations, which includes two new strategic domestic locations that are Bogota, Colombia and Santiago, Chile.

About Us:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts.

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