Inflight Catering Market Will Grow Due to High Demand for Healthy Food
Feb 17, 2020: Global inflight catering market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in the growth of market are the rising focus on offering culturally diverse food, the high demand for healthy food as the growing number of health-conscious travelers, and the technological enhancements in the on-board food ordering system. However, the rising focus on weight reduction and cost-reduction in order to improve fuel consumption may restrain the overall market growth in the years to come. Inflight catering market is segmented based on type, service, and region.
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Beverages, meal, bakery & confectionary, and other types could be explored in market in the forecast period. The market may be segmented based on services like premium service, economic service, and others that could be explored in inflight catering market in the forecast period. Economic service sector may account for the substantial share of market and is estimated to lead the overall market in the years to come. Inflight catering market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, Europe may account for the substantial share of inflight catering market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the growing number of consumers willing to pay a premium for healthy diet and gourmet and the rise in mergers and acquisitions among the inflight catering business. North America and the Asia Pacific are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of inflight catering in this region.
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The key players of inflight catering market are Abby’s Aircraft Catering Service, UpperSky Catering, Air Culinaire Worldwide, SATS, Air Fayre, SAAC Ltd., Air Gourmet, Newrest Catering, Emirates Flight Catering, LSG Sky Chefs, Flying Food Group, Journey Group Pls., DNATA, and Gate Gourmet. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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