In-Flight Catering Service Market 2017 Business Class Trends, Identifying Roles and Objectives In Coming Years

November 15 13:33 2017

In-Flight Catering Service Market
Global In-Flight Catering Service Market by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type , by Catering Type and by Geography – Forecast To 2021

 

Executive Summary

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of l In-Flight Catering Service Market by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type , by Catering Type and by Geography

This report studies the global In-Flight Catering Service Market, analyzes and researches the Software-Defined Wide Area Network development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like

Global In-Flight Catering Service Market is expected to grow at a CAGR of around 5% during 2016-2021. Increased emphasis on quality food services and passenger preferences to pay for premium food are some of the key drivers for the market growth.     

Economy class is expected to be around $12 billion market in the forecast period, growing at a considerable rate of CAGR, followed by premium and business class aircraft. Full service carriers account almost 80% of the market share and will continue to dominate the inflight catering service market. Confirms the Scholar in the exclusive Market Study Report presented by Market Research Future -“Global In-Flight Catering Service Market” This report takes you through the full Market Analysis, Opportunities, Price, Growth, Trends and Featuring the market Predictions right up to the years 2021 and helps you to find out:

•              How the market revenue is progressing globally.

•              What are the key driving or affecting factors for the market growth?

•              How the market revenue is progressing in various segments & geographies.

•              Who are the emerging Players, current players & the Key Players (Leaders) of the market? Get yourself acquainted with their trends.

•              What are the current main market trends responsible for shaping up the Market Acquisitions

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In-Flight Catering Service Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

  • SATS
  • Servair
  • Emirates Flight Catering
  • dnata
  • Air Culinaire
  • Compass Group
  • Do & Co
  • Egypt Air In Flight Services
  • Gate Gourmet
  • Goddard Catering      

The global market for in-flight catering services is expected to grow, supported by innovative services offered by airline companies. Airline companies are increasingly offering a broader food menu and food customization options to customers. Growth dynamics in the global airline catering market are largely reliant on the health of the aviation sector. Key factors spurring growth in the market include expanding global aircraft fleet, growth in the number of air passengers, and mushrooming of low cost airline companies in developing countries. Growing customer demand for nutritious food options, even while travelling, is driving growth in the market. The airline industry is therefore witnessing an alteration in passenger food preferences led by growing awareness over the nutritional value of food, rising health consciousness, and willingness to pay a price premium for high quality, nutritious food. Food safety is a major focus area for companies operating in the global in-flight catering services market. With quality and hygiene becoming a deciding factor for passengers in choosing a flight, catering companies are adopting stringent safety and sanitation measures to maintain quality of food.

As stated by the new market research report on In-Flight Catering Services,sia-Pacific represents the largest market worldwide, closely followed by Europe. The region also ranks as the fastest growing market with a CAGR of 5.6% over the analysis period. Rapid urbanization, resurgence in discretionary spending, increase in international travel and tourism, and rising standard of living to complement aspirational travelling, are factors poised to drive growth in the region. By 2020, China is expected to supersede Japan to become the world’s second largest source of business travel behind the United States. The Middle East is also emerging as a hub of international airline activity, with the region registering the highest number of order bookings for new aircraft.

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