In-Flight Catering Market Size and Growth Rate:
In-Flight Catering Market size is poised to reach USD XX Billion by the end of 2023 from USD 18.04 billion in 2019 and this market witnessed a growth rate of 5.61% during the forecast period 2019-2024.
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In-Flight Catering Market Growth Drivers and Restraints:
The increase in national and international travel, as well as low-cost emerging flights services, is one of the key factors that determine the demand of the market.
The demand for catering services in flight is mainly due to the increase in demand for passengers who choose air travel as a means of transport. In addition, as the available rent increases, passengers now use the airline's food service. Due to these factors, airlines and chefs are forming strategic alliances to improve their flight experience. In addition, more passengers opt for more food services, especially because they are not included in domestic flights. Cooperation between airlines and players in the restaurant market for restoration in flight has also led to a wider variety of food offers. It is anticipated that this tendency will bring considerable income to the food market in flight, as diverse food preferences become increasingly important worldwide. All these developments have become possible with the recent increases in the interest of airlines in the reduction of costs and the safety of passengers.
It is expected that catering service in the flight will face considerable difficulties in the near future. As airline companies move towards profitability, it is expected that these services will be investigated by various authorities. This is not only a challenge for the catering market in flight, but also an opportunity. On the other hand, they can offer a service of high-quality foods with a high profit margin. On the other hand, due to the international nature of the aeronautics industry, high costs can be a challenge for other passengers. But at this high price, it does not seem to hurt the customers of the restaurant market.
In-Flight Catering Market – Geographical Overview:
From a geographic point of view, Europe will dominate the In-Flight Catering market due to the growing tourist population and business travel in the region. As a result, the aeronautics industry has grown in many local regions. Catering companies focus on mergers, collaborations and associations. The growth of the aviation sector is the engine of market growth in the future, as the international APEJ trip is increasing, especially in India and China. China is also expected to be the second largest business area in the Asia Pacific.
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Key Players of In-Flight Catering Market:
The big companies that operate in the global In-Flight Catering market are Emirates Catering, SAAC Ltd., Christ Rest Catering, Gate Gourmet and Abby's Aircraft Catering Services. The manufacturers are expanding the geographic coverage with special attention to mergers and collaboration.
In-Flight Catering Market Segmentation:
By Food Type:
· Bakery and Confectionary
By Flight Type:
· Full Service Carriers
· Low Cost Carriers
· Hybrid and Others
· Aircraft Seating Class
· Economy Class
· Business Class
· First Class
· North America
· South America
· Asia Pacific
· Middle East and Africa
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