Our latest research report entitled Inflight Catering Service Market (by food type (meals, bakery and confectionery, beverages, and other food types), airline type (full-service carriers, low-cost carriers, and hybrid and others), aircraft class (economy class, business class, and first-class)) provides complete and deep insights into the market dynamics and growth of Inflight Catering Service.
The latest information on market risks, industry chain structure Inflight Catering Service cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Inflight Catering Service growth factors.
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Increase in the Number of Airline Passengers is A Major Driving Factor for the Inflight Catering Service Market
As the number of passengers traveling through aircraft is growing, the demand for quality inflight services including the food has also increased. This demand is the major reason for airlines to prefer catering from major manufacturers than the regional players. The service providers including Gate Gourmet GmbH, SATS Ltd., DO & CO Aktiengesellschaft, Flying Food Group, LLC., Journey Group Plc., Newrest Group Services, and others are taking initiative to provide high-quality food service to the consumers in order to boost demand for the in-flight catering market. Various companies in the industry are focusing on mergers and collaboration and partnerships to generate more revenue.
The increase in the number of airline passengers is a major driving factor for the inflight catering service market. A large number of people are traveling through air for business purposes as well as for tourism. The inflight services offered by the airline companies provide better customer satisfaction, which in turn boosts the airline industry.
Moreover, the low prices of flight tickets are expanding the demand for inflight catering. The fare prices have dropped significantly as the fuel prices have decreased, which attracts more passengers for air travel. Furthermore, the growing number of long-distance flights is supporting the growth of the inflight catering service market. The passengers on the long-distance flights require the inflight services more than the short-distance ones.
However, the emergence of the onboard retailing and personal chefs is the major restraining factor for the growth of the inflight catering service market. Nevertheless, the growing preference for the pre-packed foods by the passengers is expected to offer lucrative opportunities for the key players in the inflight catering service market.
Europe Held the Highest Market Share
In terms of geography, Europe held the highest market share, dominating the global inflight catering service market. The dominance of the European market attributed to the growing tourism in the region. Moreover, the presence of the leading players in the region is expected to boost the growth of the inflight catering service market in Europe. While Asia Pacific inflight catering service market is expected to grow at the fastest rate owing to diverse consumer tastes and preferences.
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Report on the Global Inflight Catering Service Market Covers Segments Such As Food Type, Airline Type, and Aircraft Class
On the basis of food type, the sub-markets include meals, bakery and confectionery, beverages, and other food types. On the basis of airline type, the sub-markets include full-service carriers, low-cost carriers, and hybrid and others. On the basis of aircraft class, the sub-markets include economy class, business class, and first-class.
The report provides profiles of the companies in the market such as Gate Gourmet GmbH, LSG Lufthansa Service Holding AG, Emirates Group, SATS Ltd., DO & CO Aktiengesellschaft, Flying Food Group, LLC, Cathay Pacific Airways Limited, Dubai National Air Transport Association, Journey Group Plc, Newrest Group Services, and Other Companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-inflight-catering-service-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Inflight Catering Service.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.