With limited food options on flights, the potential for growth in the Airline Catering Services industry has been limited. Nonetheless, the industry has bounced back over the past five years, as rising per capita disposable income has allowed consumers and businesses to increase air travel. Aided by the decline in the world price of crude oil, the industry has experienced unexpectedly smooth conditions. Over the five years to 2021, industry growth will be aided by continued economic growth, which is expected to increase air travel. As a result of increasing air traffic, demand for airport catering services will likely expand.
This industry provides food preparation and catering services for domestic flights, international flights (originating in the United States) and nonscheduled domestic flights (e.g. charter flights). Airline caterers generate revenue through the provision of full meals, beverages, snacks and other items, such as cutlery, napkins and cups.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.