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In-Flight Catering - Worldwide Market Analysis & Outlook to 2024: Projected to Grow at a CAGR of 5.61%

DUBLIN, March 12, 2019 /PRNewswire/ -- The "In-Flight Catering Market (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.The in-flight catering market was estimated at USD 18.04 billion in 2019, and is anticipated to witness a CAGR of 5.61% during the forecast period. The growth of in-flight catering is largely dependent on the development and growth of the aviation industry. Integration of technology for the ordering of food and beverages on-board is expected to help the growth of the in-flight catering market. Also, concepts like retail on board and personal in-flight chefs are anticipated to affect the in-flight catering market in the near future.Key Market TrendsSegment TrendsMeals are expected to be the dominant food type in the in-flight catering market during the forecast period, due to the demand driven by the Asian and European airlines. However, in the United States, the financial pressures have forced to change the food service dynamics, more in favor of light snacks. Some airlines in the region serve meals that are available at an extra cost. However, the beverages segment is expected to obtain the highest growth rate during the forecast period.Geography Trends The Asia-Pacific aviation sector is the fastest growing market in the world, and accounts for the highest number of aircraft orders among all the regions. Increase in disposable incomes and connectivity in some of the developing nations, such as India, Vietnam, and China have given the necessary impetus to the market.Asia-Pacific is a vast market in terms of culinary habits, and regions vary in their culinary preferences. Though India and China are neighboring countries, the culinary food habits of people in these two regions are significantly different. Food habits of passengers from the north vary from those of the south in the same country. These variations are likely to lead to the growth of the market during the forecast period. Competitive LandscapeFive major players dominate the market for in-flight catering services. However, when it comes to supplying small and medium-size airports, the market is fairly fragmented with the presence of regional players. Demand for food with high quality and safety was the main reason for airlines to prefer produce from major manufacturers than the regional players. Further, these big players have increased their R&D spending exponentially to integrate the innovation with culinary excellence. This has resulted in premium quality food for airline in-flight catering services. Gate Gourmet, LSG Sky Chefs, and SATS are some of the leading companies in in-flight catering market.Topics Covered

1 Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters 5 Force Analysis

5 Market Segmentation
5.1 Food Type
5.1.1 Meals
5.1.2 Bakery and Confectionary
5.1.3 Beverages
5.1.4 Others
5.2 Flight Type
5.2.1 Full Service Carriers
5.2.2 Low Cost Carriers
5.2.3 Hybrid and Others
5.3 Aircraft Seating Class
5.3.1 Economy Class
5.3.2 Business Class
5.3.3 First Class
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa

6 Competitive Landscape
6.1 Market Share Analysis
6.2 Company Profiles
6.2.1 Gate Gourmet
6.2.2 LSG Sky Chefs
6.2.3 SATS Ltd.
6.2.4 Cathay Pacific Catering Services (H.K.) Ltd.
6.2.5 dnata
6.2.6 Flying Food Group
6.2.7 Emirates Flight Catering
6.2.8 IGS Catering Services
6.2.9 Jetfinity
6.2.10 Newrest International Group S.A.S
6.2.11 Journey Group PLC

7 Market Opportunities and Future Trends

For more information about this report visit https://www.researchandmarkets.com/research/332pwh/inflight?w=5Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.Media Contact:
Research and Markets
Laura Wood, Senior Manager
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In-Flight Catering - Worldwide Market Analysis & Outlook to 2024: Projected to Grow at a CAGR of 5.61%
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