Market Research Report
In-flight Catering Services Market Size By Aircraft Seating Class, By Source, By Food Type, Industry Analysis Report, Regional Outlook, Application Development, Competitive Landscape & Forecast, 2020 - 2026
|Published by||Global Market Insights Inc.||Product code||933712|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|In-flight Catering Services Market Size By Aircraft Seating Class, By Source, By Food Type, Industry Analysis Report, Regional Outlook, Application Development, Competitive Landscape & Forecast, 2020 - 2026|
|Published: April 20, 2020||Content info: 120 Pages||
The in-flight catering services market is projected to experience considerable growth in the coming years owing to projected increase in business tourism. While it is noted that the airline industry is amongst the most adversely affected verticals due to the COVID-19 pandemic, the industry is expected to bounce back considerably as soon as the situation is under control. This would further lead to continuation in the number of air travel passenger growth trend, thereby leading to market growth.
In-flight catering services is considered to be a larger part of the aviation industry. Generally, most of the airlines consider food as one of the most integral marketing tools. Several airlines tend to advertise their services by making food as the main marketing point. It is also observed that customer perception of the quality of meal in airlines is generally low, since the sensory abilities like taste, smell, and sight are mostly affected by the air pressure and low humidity experienced at altitude.
Not only this, the movement and exercise of passenger is also seen to be limited in high altitudes, thus the food provided by the airlines needs to be digestible. Still, the most remembered aspect of the travel experience for people is onboard service and meal. The in-flight catering services industry should thus make sure that the travelling passengers are provided with good quality food and beverages.
The in-flight catering services market is segmented in terms of aircraft seating class, source, food type, and regional landscape.
Based on aircraft seating class, the in-flight catering services market is classified into business class, economy class, and first class. Among these, first-class will account for more than 14% market share by the end of the forecast timeframe. The growth can also be attributed to higher costs associated with the catering services for the first-class passengers.
In general, first class tickets are bought by people that are financially well off. The services offered in first class are incomparable, with having highly trained crew to fulfill all the passenger's needs. The standard of food menu is also significantly high with dishes created by Michelin starred chefs.
In terms of source, the overall in-flight catering services market is categorized into outsource, and in-house. Among these, the in-house segment will hold over one-fourth share of the overall market during the forecast timeframe.
With respect to food type, the in-flight catering services market is bifurcated into beverages, meal, bakery & confectionery, and others. The others segment will account for more than $1.7 billion by 2026. The others segment includes varieties of fruits, cheese, condiments, and ice-creams among others.
From a regional frame of reference, the Middle East & Africa in-flight catering service market will exceed a valuation of $2.8 billion in 2026. The projected growth can be attributed to the rising air traffic in both the regions and prospering tourism industry in Middle East region.