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23 Nov 2020, 21:15 GMT+10
The new report by Expert Market Research titled, 'Global In-Flight Catering Services Market Growth, Size, Share, Demand, Price Trends, Report and Forecast 2020-2025', gives an in-depth analysis of the global in-flight catering services market, assessing the market based on its segments like aircraft classes, flight types, food types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): USD 18,746.9 million
2. Forecast CAGR (2020-2025): 3.7%
3. Forecast Market Size (2025): USD 23,259.3 million
The global in-flight catering services market is expected to be driven by the rise in the number of flight travellers. The rise in disposable incomes, especially in developing countries has increased the number of domestic and international travellers. Increasing global connectivity, tourism activities, and business events, coupled with long flight hauls, is fuelling the growth of the in-flight catering services market. Increased demand for high-quality, hygienic and nutritious in-flight food while travelling owing to the rising number of frequent flyers is further expected to propel the in-flight catering services market over the forecast period.
Industry Definition and Major Segments
In-flight catering service deals with the meals served to passengers onboard the airliner. These meals are prepared by catering companies. The in-flight catering services market can be classified based on aircraft type, flight type, food type, and major regions.
Explore full report with table of contents@ https://www.expertmarketresearch.com/reports/in-flight-catering-services-market
Based on the aircraft class, the market is segmented into:
1. Economy class
2. Business-class
3. First-class
By flight type, the market can be divided into:
1. Full Services
2. Low Cost
Based on the food type, the market is categorized into:
1. Meals
2. Bakery and Confectionery
3. Beverages
4. Others
The major regional markets of in-flight catering services are:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
The meals segment is expected to be the dominant food type in the inflight catering service market during the forecast period, owing to the increased demand from the European and Asian airlines. This is due to an increase in the number of passengers and long duration air travels. The introduction of beverages like premium wines to lure the business and first-class passengers is also expected to influence the industry positively. Companies are introducing online platforms for the passengers to order food, which has made in-flight catering service convenient. Outsourced catering services are finding huge growth in the airline industry. Leading players in the in-flight catering industry are focusing on inorganic growth through M&A activities to sustain themselves for intense competition. The market has, however, been adversely affected by the COVID-19 pandemic, which has led to travel restrictions, with most of the airlines operating on limited schedules.
Key Market Players
The major players in the market are Cathay Pacific Airways Limited, The Emirates Group, Flying Food Group LLC, LSG Sky Chefs, Newrest Group International S.A.S, SATS Limited, and ANA Catering Service, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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See Campaign: https://www.expertmarketresearch.com/reports/in-flight-catering-services-marketContact Information:Company Name: Expert Market ResearchContact Person: Matt Johnson, Corporate Sales Specialist - U.S.A.Email: [email protected] Free Number: +1 (650) 761-6200 | +44 7441 392205Address: 30 North Gould Street, Sheridan, WY 82801, USACity: SheridanState: WyomingCountry: United StatesWebsite: https://www.expertmarketresearch.comTags:, Financial Content, Reportedtimes, Extended Distribution, Research Newswire, English
Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist - U.S.A.
Email: [email protected]
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
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