Global In-flight Catering Services Market 2018-2022
About In-flight Catering Services
The in-flight meal is a meal served to passengers onboard a commercial airliner. These meals are prepared by specialist airline catering services. The market can be segmented based on the products served, which includes food and beverages.
Technavio’s analysts forecast the global in-flight catering services market to grow at a CAGR of 6.41% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global in-flight catering services market for 2018-2022. To calculate the market size, the report considers the revenue generated from the in-flight catering services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global In-flight Catering Services Market 2018-2022
Technavio recognizes the following companies as the key players in the global in-flight catering services market: Do & Co, Emirates Flight Catering, gategroup, LSG Lufthansa Service Holding, Newrest, and SATS
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is evolution of non-airline aviation services. The in-flight catering services market could benefit from the rise of personal and executive jets. Commercial airlines are facing several challenges such as increased time for security checks, lengthy delays, frequent cancellations, and routes that have to cover major hubs, rather than smaller airports closer to the passengers' desired destinations.”
According to the report, one of the major drivers for this market is Expansion in existing fleet and launch of new airlines. The global in-flight catering services market is expected to witness a favorable environment because of the launch of new airlines and initiatives taken by established service providers to expand their fleet over the coming years, particularly in APAC, which will witness gradual growth. A few noteworthy examples include the launches of AirAsia India, Ligare Aviation, and Air Costa.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuating airline ticket prices. In recent times, the difference between the highest and lowest prices for every journey has been vast. Sometimes prices in the days leading up to a flight can increase more than 100 percent from the original price.
Do & Co, Emirates Flight Catering, gategroup, LSG Lufthansa Service Holding, Newrest, and SATS