Published on : Jan 18, 2018
Albany, New York, January 18, 2018: Presently, low-cost airlines are resulting in the increasing rate of air travels globally. This is one of the most important factors impacting the in-flight catering business in a positive way. To provide customers excellent services are the main motive service providers. In order to offer something different and unique, in-flight catering service providers are focusing on offering culturally diverse food to the passengers. According to recent study findings, the global in-flight catering market is expected to experience steady growth, registering CAGR of 5.3% during the years 2017-2026. To elaborate further, Market Research Hub (MRH) has broadcasted this study to its massive database, which is titled as “In-Flight Catering Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”.
The comprehensive report contains an executive summary that shares key information about the global in-flight entertainment market including market size, market value in USD and market value share. The report has another section of market overview that provides details on key industry developments, identification of drivers and restraints for the market growth and future opportunities. The top-down and bottom-up approach has been used to derive at the estimated market size, revenue, CAGR, etc. of the global in-flight catering market.
Moreover, the study also utilizes analysis techniques such as Porter's Analysis, value chain analysis and SWOT analysis to conduct an in-depth analysis of global barrier resins market. Geographically, the global in-flight catering market is segmented into the Asia Pacific Excluding Japan (APEJ), Latin America, Japan, Europe, North America, and the Middle East and Africa (MEA). Apart from that, the global in-flight catering market is divided into service type, airline category, offering type, provider type.
As per the study key estimations, the global in-flight catering market is estimated to reach US$ 28,262.8 million revenue until the end of 2026. Among the various geographies, Europe is expected to dominate the global in-flight catering market during the forecast period. It is because people in Europe are willing to pay a premium for gourmet and healthy diet. Meanwhile, there has also been an increase in the mergers and acquisitions among the in-flight catering businesses operating in Europe.
Currently, food safety is also becoming one of the major focus areas of in-flight service providers as hygiene and quality becoming major deciding factors for travelers before selecting the airline. Passengers are demanding more nutritious and high-quality meal. Most of the airlines are using third-party caterers to provide high quality and affordable food to the passengers.
Among various types of food offering including beverages, breakfast, starters & platters, main courses are likely to be offered on a large scale. By the 2026 end, main course is projected to surpass US$ 11,800 million revenue. On the basis of provider type, complete solution providers are expected to witness promising growth in the market during the given forecast period.
At last, the report throws some light on competition involved in the global barrier raisins market by listing major companies operating in the market some of which are DNATA, Abby's Aircraft Catering Service, Air Culinaire Worldwide, Air Gourmet, Do & Co, Emirates Flight Catering, Newrest Catering, Flying Food Group, Gate Gourmet, Journey Group Pls., LSG Sky Chefs, Air Fayre, SAAC Ltd., SATS, and UpperSky Catering.
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