In-Flight Catering Service Market to Reach $24.11 Bn, Globally, by 2026 at 3.6% CAGR, Says Allied Market Research

Rise in number of international and domestic air passengers, growth in the aviation industry, and rise in government initiative for sustainable air connectivity are expected to propel the growth of the global in-flight catering services market

News provided by

Allied Market Research

Jun 10, 2019, 07:05 ET

PORTLAND, Oregon, June 10, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "In-Flight Catering Service Market by Aircraft Class (Economy Class, Business Class, and First Class), Flight Type (Full Service and Low Cost), and Food Type (Meals, Bakery & Confectionary, Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, global in-flight catering service market size was pegged at $18.08 billion in 2018 and is expected to reach $24.11 billion by 2026, registering a CAGR of 3.66% from 2019 to 2026.

Increase in number of international and domestic air passengers and growth in the aviation industry have boosted the growth of globe in-flight catering service market. However, retail on board and personal in-flight chefs and growth in the low-cost airline market hamper the growth of the market. On the contrary, innovations in food technologies and rise in government initiative for sustainable air connectivity growth are expected to create lucrative opportunities in the near future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5281

Economy aircraft class segment to dominate the market by 2026

The economy aircraft class segment held the largest share in 2018, contributing nearly half of the total market share, owing to increase in passenger traffic and influence of tourism and rising trend for tourism & business travel. However, the business aircraft class segment is projected to manifest the fastest CAGR of 3.8% during the forecast period, owing to surge in business travels in counties due to economic boom.

Full-service flight type held the largest share in 2018

The full-service flight type held the lion's share in 2018, contributing more than two-thirds of the total market. However, the low-cost flight type is projected to register the fastest CAGR of 3.8% during the forecast period, owing to rise in economic activity, ease of travel, urbanization, travel & travel industry, and increase in purchasing power of middle-class households.

Meals segment held the lion's share

The meals segment dominated the market in 2018, accounting for more than two-fifths of the market, owing to surge in operational profits and overall net profits of airlines. Moreover, the segment is estimated to portray the CAGR of 4.0% during the forecast period.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5281

Asia-Pacific region to manifest the fastest growth through 2026

The market across the Asia-Pacific region is estimated to portray the fastest CAGR of 4.6% during the forecast period, owing to increase in disposable income and favorable government regulations in the developing countries. However, the market across the North America region held the largest share in 2018, garnering around one-third of the market, as the low-cost carriers in the region are offering low fare business models that attract the upper middle class and middle-class society of developing nations.

Major market players

The report included an in-depth analysis of the major market players such as Gategroup, LSG Sky Chefs, Do & Co, SATS Limited, Emirates Flight Catering, Flying Food Group LLC, Cathay Pacific Airways Limited, Royal In-Flight Catering, and Saudi Airlines Catering Company.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Emergency Food Market- Global Opportunity Analysis and Industry Forecast, 2018 - 2025

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]