PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339155
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339155
The global Inflight Catering market size is expected to reach USD 17,690.86 million by 2032, according to a new study by Polaris Market Research. The report "Inflight Catering Market Share, Size, Trends, Industry Analysis Report, By Food Offering Type (Main Course, Breakfast, Starters & Platters, Desserts, Bakery and Confectionary, Beverages, and Others); By Flight Service Type; By Aircraft Seating Class; By Region; Segment Forecast, 2023- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising airlines' focus on the improvement of providing inflight catering services is boosting the growth of the market over the forecast period. Airlines use certain tactics to improve the in-flight eating experience as competition rises. From the procedure for placing orders to serving food, these techniques cover a wide range. For instance, in August 2021, in Croatia, Newrest began inflight catering operations with two significant U.S. airlines. The group started working with United Airlines and Delta Air Lines to offer inflight catering services. Both airlines receive full menu service for lunch and pre-arrival meals from Newrest collaborators.
Further, in July 2021, Delta's Newrest unit began its new in-flight food operations in Cancun. Delta offers flights to Cancun from many U.S. cities concerning Spring Break activities. The company's foundation lies in providing food and beverages to customers traveling in the Economic Class. First Class passengers receive full service, including cold dinner service. Eleven planes are loaded by the Newrest team daily, with an additional 13 flights on Saturday, making business with this airline extremely active. Collaborators are delighted with the arrival of Delta to Cancun and to fortify their connection to the big company. During the forecast period, these developments impact the market's prospects long-term.
Additionally, ready-made meals have boosted public confidence in in-flight food services. With "free" pre-order programs available for business and premium economy classes, pre-orders are rapidly increasing. There are fewer pre-order items available from some suppliers for economy class. Travelers are always made more comfortable and interested in the variety of cultural cuisine. These supported factors are boosting the growth of the market.
The Premium Economy class segment is anticipated to grow at a significant CAGR over the forecast period owing to the leisure travelers choosing to fly in a premium economy cabin due to the huge GDP increase occurring in emerging economies worldwide.
Low-Cost Carriers accounted for largest revenue share which is accelerated by the continued to be preferred by the majority of air travellers.
North America is expected to grow at a substantial CAGR over the projected period. Within the smaller nations on the continent, there is more variety.
The global players include: Air Culinaire Worldwide, ANA Catering Service, Compass, Frankenberg, Flying Food, KLM Catering Services, Newrest Group, and SATS.
Polaris Market Research has segmented the Inflight Catering market report based on food offering type, flight service type, aircraft seating class, and region: