INFLIGHT CATERING MARKET ANALYSIS

Inflight Catering MarketSize and Trends

Global inflight catering market was valued at US$ 22.09 Billion in 2022 in terms of revenue, exhibiting a CAGR of 7.71 % and expected to reach at 40.01 Billion during the forecast period (2023 to 2030).

Figure 1. Global Inflight Catering Market Value Share (%), By Region, 2021

Figure 2. Global Inflight Catering Market value Share (%), By Aircraft Class, 2021

Market Trends

The widespread adoption of inflight catering across the aviation industry on account of the increasing competition amongst the airlines represents one of the key factors driving the market growth. In line with this, the need for serving enhanced onboard dining experience is contributing to the market growth. This is further supported by the implementation of high-level services, including meal pre-selection, mixed buy order, and complimentary catering options for fulfilling individual passenger requirements and complying with the hybrid operational scenarios at lower prices.

Significant technological advancements, along with rising automation in food and beverage (F&B) industry, such as the utilization of tablets and mobile devices for ordering meals, thus ensuring the smooth functioning and management of catering services are acting as other major growth-inducing factors. Besides this, favorable initiatives being undertaken by governments of various countries for elevating the inflight catering standards by ensuring food safety, hygiene and sanitization, especially during the ongoing global outbreak of coronavirus disease (COVID-19) are further creating a positive outlook for the market growth. The market is also driven by rising consumer expenditure capacities, steadily increasing number of air travelers, and the introduction of premium meal plans by airline companies and catering services.