Ready Yourself for Challenges in the Time of COVID-19. Here’s What Stakeholders Need to Know About the Evolving Global In-Flight Catering Services Market
The global market for In-Flight Catering Services is projected to reach US$22.4 billion by 2025, driven by the unprecedented rise in air passenger traffic and the resulting increase in demand for airline food and the increasing popularity of gourmet food catering as a competitive strategy for service differentiation among airline companies.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global In-Flight Catering Services market. Report segmentation includes Aircraft Class (Economy Class, Business Class, and First Class); Flight Type (Full Service, and Low Cost); and Food Type (Meals, Bakery & Confectionery, Beverages, and Other Food Types)).
7 June 5:40 A.M., California/Marketwire/ - According to the new market research report, the global market for In-Flight Catering Services is projected to reach US$22.4 billion by 2025, driven by the unprecedented rise in air passenger traffic and the resulting increase in demand for airline food and the increasing popularity of gourmet food catering as a competitive strategy for service differentiation among airline companies. Growing competition among airliners and increased commoditization of airline services are together unleashing focus on leveraging opportunities offered by targeting underserved travelers. Food and fine dining, Wi-Fi connectivity and on-board entertainment, duty-free in-flight shopping, are few of the in-flight services gaining in popularity as new value added services capable of opening new revenue opportunities. Growing consumer demand for high quality, premium healthy food even while flying is helping boost the prominence of food and drink as vital on-board services with the potential to impact overall passenger flying service experience.
Noteworthy factors gaining ground as important growth drivers include the growing trend of unbundling airline food services to meet diverse consumer tastes and preferences and the resulting prominence of A La Carte meals over standard meals; launch of new mobile and online meal order booking options by major airlines; growing automation and proliferation of in-flight catering management solutions; rising popularity of mini-meals and nutritious snacks for health-conscious airline travelers; robust demand for environmentally sustainable food solutions with locally sourced ingredients; effervescent innovations in onboard meal menus; robust developments in the science behind airplane food including modern cooking techniques and ground-breaking designs in airplane ovens. There is a great deal of research being conducted to understand the impact of high altitude flying on appetite. Flying at high altitudes is known to reduce appetite and hunger thus making palatable airline food a challenge for food service providers. The temporary changes in body chemistry also tend to alter the taste buds, requiring innovations in food science to confront this challenge. Spicer foods and blander beverages are often well received by passengers. "Bloody Mary", for instance is gaining a reputation for tasting great at high altitude. Similarly, power juices, smoothies and power salads featuring good quality protein are also growing in popularity. Alaska Airlines offers a protein platter featuring Greek yogurt, almonds, seasonal fruits, a cage-free hard-boiled egg, pita bread and non-GMO turkey.
Key Competitors Covered in the Report
AAS Catering Co., Ltd.
ANA Catering Service Co., Ltd.
Brahim`s SATS Food Services Sdn Bhd
Cathay Pacific Catering Services (H.K.) Ltd.
Emirates Flight Catering Co., LLC
KLM Catering Services Schiphol BV
LSG Lufthansa Service Holding AG
LSG Sky Chefs
Newrest Group International S.A.S
Royal In-Flight Catering Co., Ltd.
Saudi Airlines Catering Company
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, and Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 443. Among this pool, 89 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 18 unique participations, a total of 8 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.