In-flight Catering Services Market - Forecast(2020 - 2025)

Report Code: FBR 0266 Report Format: PDF + Excel (Delivery in 48 Hrs)
In-flight Catering Services Market Overview
In-flight Catering Services Market size is estimated to be $17.98 billion in 2019, growing at a CAGR of 3.6% during the forecast period 2020-2025. Rising number of non-haul and non-stoppable flights for people travelling to abroad is a major factor driving the in-flight services market during the forecast period 2020-2025. Rising adoption of technological advancement in flight food and beverage ordering is a significant factor contributing to its market growth. Furthermore, the advancement in technology has given travelers an option to look up a variety of flights, food options and accommodations all in one place with the convenience of doing it from phones or computers.

Report Coverage
The report: “In-flight Catering Services Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the In-flight Catering Services Market.

By Food Type- Meals, Bakery & confectionary, Beverages and others.
By Flight Type- Full service carriers, Low-cost carriers, Hybrid and others.
By Seating Class- Economy Class, Business Class and First-Class.
By Geography-North America, Europe, Asia-Pacific and Rest of the World.

Key Takeaways
  • The full-service carriers accounted for the largest market share in 2019 owing to provide its passengers entertainment in flight, checked baggage, meals, beverages and comforts such as blankets and tickets in the ticket price.
  • By flight type, low-cost carriers are projected to have the fastest growth with a CAGR of 4.3% during the forecast period 2020-2025. 
  • In 2019, Asia-Pacific dominated the In-flight Catering Services Market owing to the rising urbanization, changing lifestyles and the rising international tours is a significant factor contributing to its market growth.
  • Increasing number of non-haul flights and the demand of meals and beverages is a major factor driving the inflight-catering services market during the forecast period 2020-2025.

By Food Type- Segment Analysis 
By Food Type Meals accounted for the largest market share in 2019 owing to its benefit to provide a variety of meals to its passengers. Moreover, longer-duration flight and the need to have food is contributing to its market growth. Key players such as Emirates offer a range of economy meals, while not quite as royal, is still sophisticated and elegant with 400+ varying menus consistent of inviting ingredients such as smoked tuna, different kind of vegetable salad, charcoal-grilled lamb, thick date-pudding for desert and plenty more items. The increasing demand of different flavors of beverages such as coffee and tea is further driving the in-flight catering services market during the forecast period 2020-2025.

By Flight Type- Segment Analysis
By Flight Type the in-flight catering services is segmented into full service carriers, low-cost carriers, hybrid and others. Among these, the full-service carriers accounted for the largest market share in 2019 owing to provide its passengers entertainment in flight, checked baggage, meals, beverages and comforts such as blankets and tickets in the ticket price. In addition, the seats mostly have more recline than a low cost carrier as well as more leg room. Also, full air-line service offers passengers the choice of economy or business class travel and on some-flights premium economy and first class. 

Geography- Segment Analysis
Asia-Pacific dominated the In-flight Catering Services Market with a region share 36% in 2019 followed by Europe and North America. Rising urbanization, changing lifestyles and the rising international tours is a significant factor contributing to its market growth. Moreover, TajSats provides in-flight catering services to charter flights ex-India. And, they serve customized meals to dignitaries, captains of industry, celebrities and high net worth, individual’s on-board charter flights. Furthermore, they are leader in flight-catering services for charter services in India.

Drivers – In-flight Catering Services Market
  • Increasing number of non-haul flights
Increasing number of non-haul flights and the demand of meals and beverages is a major factor driving the inflight-catering services market during the forecast period 2020-2025.Therfore, the rising number of international tours where people travel for longer duration and the need of meals is a contributing to its market growth.

  • Technological Advancement in Food Ordering System
Technological Advancements in Food and beverage ordering is a major factor driving In-flight Catering Services Market during the forecast period 2020-2025. Furthermore, technological advancement has given travelers an option to look up a variety of flights, food options and accommodation in one place with the convenience of doing it from phones.

Challenges – In-flight Catering Services Market
  • High Cost of Meals in Flight
High Cost of meals in flight is a major setback for the growth of in-flight catering services market during the forecast period 2020-2025. Moreover, in airline it cost almost $33 per passenger for food and the equipment including the china, cutlery, glass, napkin, pepper, salt and the tray. These factors challenge the growth of in-flight catering services market

  • In-flight Catering Services Market Industry Outlook 
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in In-flight Catering Services Market. In-flight Catering Services Market top 10 companies SATS, Servair, Emirates Flight Catering, Do & Co, Gate Gourmet, Flying Food Group, Newrest Group International SAS, Cathay Pacific Catering Services Ltd, Saudi Airlines Catering Company and ANA Catering Services Co Ltd.

Developments:
  • March 2019: SATS unveiled a new $25million kitchen with food technologies that can preserve nutritional qualities and optimize taste while extending shelf life.

1. In-flight Catering Services Market Overview
    1.1 Definitions and Scope
2. In-flight Catering Services Market - Executive Summary
    2.1 Market Revenue and Key Trends 
    2.2 Key trends by Food Type
    2.3 Key trends by Flight Type
    2.4 Key trends by Seating Class
    2.5 Key trends by Geography
3. In-flight Catering Services Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. In-flight Catering Services Market- Startup companies Scenario Premium (Premium) 
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. In-flight Catering Services Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. In-flight Catering Services Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. In-flight Catering Services Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. In-flight Catering Services Market – By Food Type(Market Size –$Million/$Billion)
    8.1 Meals
    8.2 Bakery & Confectionary
    8.3 Beverages
    8.4 Others
9. In-flight Catering Services Market – By Flight Type(Market Size –$Million/$Billion)
    9.1 Full service carriers
    9.2 Low-cost carriers
    9.3 Hybrid
    9.4 Others
10. In-flight Catering Services Market – By Seating Class (Market Size –$Million/$Billion)
    10.1 Economy Class
    10.2 Business Class
    10.3 First Class
11. In-flight Catering Services Market - By Geography (Market Size -$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. In-flight Catering Services Market - Entropy
13. In-flight Catering Services Market – Industry/Segment Competition Landscape   (Premium) 
    13.1. Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Country- Key companies
        13.1.4 Best Practices for Companies
14. In-flight Catering Services Market – Key Company List by Country Premium (Premium)
15. In-flight Catering Services Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Sats
    15.3 Servair
    15.4 Emirates Flight Catering
    15.5 Do & Co
    15.6 Gate Gourmet
    15.7 Flying Food Group
    15.8 Newrest Group International SAS
    15.9 Cathay Pacific Catering Services Ltd
    15.10 Saudi Airlines Catering Company
    15.11 ANA Catering Services Co Ltd
*Financials for private companies would be provided on a best efforts basis”.