In-flight Catering Services Market to Reach Valuation of USD 29.5 Billion by 2027, States Transparency Market Research

- Shift from complimentary to a la carte meals in a number of passenger flights leading to growth in the market

- Global in-flight catering services market to chart a compound annual growth rate of 5% over the forecast period

News provided by

Mar 24, 2020, 08:30 ET

ALBANY, New York, March 24, 2020 /PRNewswire/ -- Over the period 2019 to 2027, the global in-flight catering services market is set to grow at a rate of 5.0%. This will help the market move from valuation of USD 18 billion in the year 2018 to USD 29.5 bn. by the year 2027. A number of growth factors are underscoring growth in the market.

As per Transparency Market Research, "Key demographic in the global in-flight catering services market would be the millennial population. It is involved in massive travelling activities, which are supported by increase in disposable income."

Key Findings of the Global In-Flight Catering Services Market Study:

Long term growth opportunities would be presented by long-haul airline over the forecast period
Millennial population to be key demographic driving the market forward owing to inclination towards travel
Europe to contribute massively to the growth of global in-flight catering services market over the forecast period

For a detailed analysis of in-flight catering services market by offering, provider, catering service type, service type, airline, and flight, Visit: https://www.transparencymarketresearch.com/in-flight-catering-market.html

Key Drivers of Growth in the Global In-Flight Catering Services Market:

A number of trends and drivers are propelling the global in-flight catering services market over the forecast period. The prominent ones, as identified by Transparency Market Research, are outlined below:

Customer-centricity is key to growth in the global in-flight catering services market, thus in-flight catering holds a prominent place
In-flight catering services often make or break the reputation of an airline and since the customer base is often extremely loyal, attention to the services is crucial
Increase in disposable income of people is leading to significant growth in demand for in-flight catering services
Favourable government policies helping aviation sector, driving the market for services forward

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=36608

Key Impediments to Growth of Global In-Flight Catering Services Market:

The global in-flight catering services market is set to chart a sturdy growth curve over the assessment period. However, there are certain restraints that are hampering the growth of the market in the same period. One such limitation to growth is the introduction of paid meals, which is concerns a few vendors.

Regional Analysis of Global In-Flight Catering Services Market:

Europe to be a lucrative region for global in-flight catering market over the forecast period
Customer-centricity and a health conscious population to drive growth in the European market
Asia Pacific (APAC) region to chart notable growth owing to an expanding consumer base and increase in disposable income

Analyze in-flight catering services market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitive Landscape of Global In-Flight Catering Services Market:

Top players in the market include LGS Sky Chefs and Flying Food Group, LLC
The vendor landscape of the global in-flight catering services market is slightly fragmented
Competition level among players in the market is intense as players have loyal client bases
However, entry of new players is restricted by high capital investment requirement
A number of growth strategies such as mergers and acquisitions are noted to stay ahead of the curve

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/36608

The global in-flight catering services market is segmented by:

Offerings

Main course
Breakfast
Platters
Desserts
Others

Service Type

Premium Service
Economic Service

Region

North America
Latin America
Europe
Asia Pacific
The Middle East

Explore Transparency Market Research's award-winning coverage of the Global Consumer Goods and Services Industry:

Conveyor Oven Market – The global conveyor oven market to rise at a CAGR of 3.7% during the forecast period between 2019 and 2027, for the market to become worth US$135.4 Mn by the end of 2027. Stacked conveyor ovens are witnessing an increasing demand, as more food can be cooked at a single time.

Home Appliance (Wet and Cold) Market – While increasing the appliance performance, energy efficient appliances reduces energy consumption. The main reason for growth in adoption of wet and cold appliances would be owning a relatively intelligent, smart, and energy efficient appliance. Reduced energy and water consumption of major appliances is one of the key drivers for the growth of the wet and cold appliance market across regions.

Nonstick Cookware Market – According to TMR, global Non-stick cookware market was valued at US$ 19.6 Bn in 2018 and is forecast to expand at a CAGR of 4.1% from 2019 to 2027, reaching a value of US$ 28.1 Bn in 2027.

Glass Tableware Market – Buying behavior of consumers in case of dinnerware has seen a shift, depending on occasion, style, and packaging of the products. Buying decisions usually depend on lifestyle, social standard, income, and availability of cheaper products. Consumers in the higher social strata prefer to use glassware as compared to chinaware or plastic ware, as it symbolizes their luxury lifestyle and goes at par with the prevailing social trends.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Blog: https://tmrblog.com/