Stratistics MRC’s Global In-Flight Catering Services Market value is expected to reach $39.7 billion growing at a CAGR of 11.2% during 2023-2030.
Airlines both domestically and abroad can order food from flight catering businesses. A service trolley used by an airline is used to deliver the food to the customers. Depending on the region or nation, the menu may change, but it often consists of meat, fish, salad or vegetables, a small bread roll, and a dessert. To draw passengers and maintain market dominance, airlines offer a variety of in-flight goods, loyalty programmes, and onboard food services. Some airlines have changed their cabin configurations, either by getting rid of first class or adding premium economy.
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Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the increase in disposable income in developing countries. Boom in international travel and tourism, rapid urbanization, a rising standard of living to match aspirational travel, and a return of discretionary expenditure are all elements that contribute to the regional boom. According to forecasts, the region would grow at the fastest rate, mostly as a result of considerable increases in both international air travel and tourism in developing countries like China, India, and Vietnam.
Some of the key players in In-Flight Catering Service market include Cathay Pacific Catering Services Ltd, Flying Food Group, Servair SA, Gategroup, LSG Sky Chefs, GS Ground Services, SATS Ltd, Gate Group, Journey Group PLC, The Emirates Group, Newrest Group Services SAS and Dnata.
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Key Developments:
In August 2022, Dnata extended its partnership with GOL Airlines, an air and travel service provider, to strengthen the partnership and offer customers the best catering experience.
In June 2022, LSG Sky Chefs announced its contract extension with United Airlines for offering on-board catering services. LSG Sky Chefs signed a three-year contract with United Parcel Service to expand its services and business to cater to the needs of customers.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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