Global Inflight Catering Services Market Size, Share, Growth & Forecast 2026
Posted by Robson Tolson on December 8th, 2021
Global inflight catering services market was valued over $ 18.5 billion in 2019 and is projected to register growth at a CAGR of 5.6%. The growth of the market is majorly attributable to increasing airline passengers, rising number of airplane deliveries, and improving world economy. Inflight or airline catering is a service provided by companies during air travel and at the airports. Rising expectations of the passengers, irrespective of class of seating, for high quality food is bolstering the growth of inflight catering services market.
In terms of food type, global inflight catering market is categorized into meals, bakery & confectionary, beverages and others. Among these, meals accounted for majority share in global inflight catering services market in 2020 and is expected to remain the largest segment during forecast period as well. Growth of this category led by rising demand for meals from European and Asian airlines, as there is a growing preference for meals from the passengers in these regions, especially in longer flights.
Because of COVID-19, inflight catering market witnessed sluggish growth in the first half of 2020 but with the successful trials and vaccination, consumer confidence has been restored leading to increased use of systems, consequently increased demand. While traveling and commuting was not possible and there was a complete lockdown, global inflight catering market was slow to grow too.
Some of the major players in global inflight catering services market are Gate Gourmet, SATS Ltd., Emirates Flight Catering, LSG Sky Chefs, Flying Food Group, Dnata, Cathay Pacific Catering Services (HK) Limited, IGS Catering Services, Jetfiniity Newrest International Group SAS, etc.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major service providers across the globe.
TechSci Research calculated the market size of global inflight catering services market using a top down approach, where data for private and public airlines was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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About the AuthorRobson Tolson
Joined: February 21st, 2017
Articles Posted: 620
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