Global Inflight Catering Market is estimated to be valued at US$ 22.09 Billion in 2022, according to the Global Inflight Catering Market Report, by Aircraft Class (Economy class, Business class, and First class), by Food Type (Meals, Bakery & Confectionary, Beverages, and Others), by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa), published by Coherent Market Insights.
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).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/inflight-catering-market-2283
Key Trends and Analysis of the Global Inflight Catering Market:
- Meals segment among the food type held the highest market share in 2021, in the global inflight catering market. This is owing to high demand from air travelers for meals due to long travel hours.
Key Takeaways of the Global Inflight Catering Market:
- Europe held the dominant market share of 38% in 2021, in the global inflight catering market, owing to increasing number of people travelling to European countries. For instance, in March 2022, Icelandair, the flag carrier of Iceland announced the introduction of pre-purchase inflight meal options. Through this, Icelandair passengers can pre-purchase meals while booking flights. The service is available for economy class passengers on flights between Iceland and Europe and North America and Iceland. The initiative is being taken in accordance with the airline’s sustainability goals and efforts to reduce inflight food wastage.
- North America was one of the largest regions in the inflight catering market in 2021. This is owing to high number of inflight catering services companies such as 121-Inflight Catering, Chelsea Food Services, and other associations present in the region. For instance, International Flight Services Association headquartered in Atlanta, Georgia, is a global professional association, which was created in 2021 to serve the needs and interests of airline and railway personnel, inflight and rail caterers and suppliers responsible for providing onboard services on regularly scheduled travel routes.
- Furthermore, key players are adopting different technological advancements to reduce the weight for inflight catering. Airlines in Canada discontinued the use of 48-ounce cans of juice, replacing them by Tetra-Brik packages to reduce the weight and volume. These are the major factors driving growth of the inflight catering market in the region.
- Major players operating in the global inflight catering market include SATS Ltd., Gate Gourmet, LSG Sky Chefs, DO & CO Aktiengesellschaft, NewrestInternational Group, Emirates Flight Catering, Flying Food Group, Journey Group plc, and DubaiNational Air Transport Association
