In-Flight Catering Market To Witness Heightened Revenue Growth During Forecast Period 2022 – 2031 : Fact.MR

The unprecedented COVID-19 pandemic has had a significant impact on the global economy. In the food industry, one of the most important sectors of the economy, there has been a tremendous impact on the entire process from the field to the consumer. Worker movement restrictions, the closure of food production facilities, and changes in consumer demand have put undue strain on the food industry. The report provides actionable and valuable In-Flight Catering market insights. Fact.MR recent report provides information on the current state of the market across various regions, as well as historical data and market forecasts. The report also includes sales and demand data for the In-Flight Catering Market across various industries and regions.

Fact.MR research provides unique insight into how the market will develop. The study identifies critical trends influencing the growth of the In-Flight Catering market. This newly released report sheds light on critical dynamics such as the drivers, restraints, and opportunities for key market players as well as emerging players in the production and supply chain. Fact.MR recent report provides a detailed Market Analysis of In-Flight Catering.

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InFlight Catering Industry Analysis

The global In-flight catering market exceeding a valuation of around USD 7.3 billion by 2021, and it is projected to reach USD 13.7 billion by 2031, registering a CAGR of 6.5% during the forecast period 2021-2031.

Market Size (2021) US$ 7.3 Bn
Projected Market Forecast Value by 2031 US$ 13.7 Bn
Value CAGR (2021-2031) 6.5%

Key Segments Covered

  • Offering Type
    • Main Course In-Flight Catering
    • Beverages In-Flight Catering
    • Breakfast In-Flight Catering
    • Starters & Platters In-Flight Catering
    • Desserts In-Flight Catering
  • Service Type
    • In-Flight Catering for Full Service Carriers
    • In-Flight Catering for Low-Cost Carriers
  • Airline Category
    • Economy Class In-Flight Catering
    • Business Class In-Flight Catering
    • First Class In-Flight Catering
  • Provider Type
    • In-Flight Culinary Only Provider
    • In-Flight Culinary & On-Board Supplies Provider
    • In-Flight Complete Solution Provider

Competitive Landscape

Product innovation and strategic mergers and acquisitions shape the competitive landscape of the in-flight catering market. To capitalise on lucrative opportunities in developing economies, leaders are emphasising capacity enhancements and global footprint expansion. The following are some noteworthy developments:

  • Foodcraft, which is owned by Emirates Flight Catering, will collaborate with noon Daily, noon.com’s dedicated grocery platform, in May 2021. The goal of this collaboration was to increase delivery outreach during the Eid festival, for which the company released a new line of frozen ready-to-cook meals.

Newrest First Catering has been providing catering services to United Airlines in Houston, Texas, since November 2021. The company provided catering and logistic solutions to 427 aircraft flying domestic and international routes as part of its contract. The company expects to supply 15,000 meals per day to a maximum of 500 flights in the future.

Key Takeaways from the Market Study

  • In 2021, the global market for in-flight catering is expected to be worth US$7.3 billion.
  • The United States is the most opportunistic market for in-flight catering, accounting for 35% of global revenue.
  • Tourism is expected to increase air travel across India, prompting in-flight catering services to capture 30% of revenue.
  • The United Kingdom is expected to contribute one-third of global revenue for in-flight catering services.
  • Low-cost carriers continue to be popular among frequent flyers, with a market value of nearly US$ 10 billion expected by 2031.
  • From 2021 to 2031, in-flight catering for main course foods will grow at a 5% CAGR.

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