Global In-Flight Catering Services Market to Grow at a CAGR of 5.5% During 2024-2032, Aided by the Rising Air Passenger Traffic

The global market for in-flight catering services is being driven by the rising air passenger traffic worldwide, with the growing preference for air travel among individuals. This growth can further be attributed to the improved living standards and rising purchasing power of the population. The addition of long haul and non-stop flights to meet the growing passenger demands is expected to bolster the adoption of in-flight catering services. In addition, the expanding travel and tourism sector with the growing interest of individuals in international trips is expected to support the market growth in the forecast period. Moreover, the rapid integration of advanced technologies to provide in-flight catering services such as the deployment of robots for meal preparations is expected to support the market growth in the forecast period.

The growing competition among the market players is leading to a rise in research and development activities to provide innovative catering solutions. For instance, in May 2021, Deutsche Lufthansa AG (OTCMKTS: DLAKY) introduced its new “Onboard Delights” catering concept for its European flights, under which passengers in the Economy class can avail fresh and high-quality meals, drinks, and snacks. These meals and snacks come with sustainable and eco-friendly packaging, which would help meet the rising demand for sustainable and quality food and beverage offerings. Furthermore, in July 2021, SATS Ltd. (OTCMKTS: SPASF) announced fresh investments worth Rs 200 crore for the development of its kitchen at the Bengaluru airport, marking its first major investment in India. This investment will take place through its local branch SATS Food Solutions India. This kitchen is set to produce 1.7 lakh ready-to-eat meals daily. Such developments are anticipated to provide lucrative opportunities for the market growth in the coming years.

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Market Breakup by Aircraft Class, Flight Type, Food Type, and Region:

• The market is divided, based on aircraft class, into economy class, business class, and first class.

• On the basis of flight type, the market can be bifurcated into full services and low cost.

• Based on food type, the market is segregated into meals, bakery and confectionery, and beverages, among others.

• Region-wise, the global market for in-flight catering services can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for in-flight catering services is being driven by the rising air passenger traffic worldwide.

• The expansion of aircraft fleets with the inclusion of additional long haul and non-stop flights is driving the market growth. 

• The increased travel and tourism activities worldwide are also adding to the market expansion. 

• The rising disposable incomes and improved living standards of the population are leading to the increased preference for air travel, which is further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for in-flight catering services for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the aircraft class, flight types, food types, and regions of in-flight catering services.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global in-flight catering services market are Cathay Pacific Airways Limited, Emirates Flight Catering Company LLC, Flying food Group LLC, LSG Lufthansa Service Holding AG, Newrest Group International S.A.S, and SATS Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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