In-Flight Catering Services Market Revolution Is In Full Swing According To New Research Report | Grand View Research, Inc.

April 16 02:06 2021
In-Flight Catering Services Market Revolution Is In Full Swing According To New Research Report | Grand View Research, Inc.

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According to a recent report published by Grand View Research Inc., Covid-19 has affected the airline industry on a global basis. Lockdown and travel restrictions being imposed by countries are now seeking to understand whether the Covid-19 will continue to have long lasting effects on inflight experience.

The global in-flight catering services market size is expected to reach at USD 24.75 Billion by 2025 to expand at CAGR of 5.7%. A steady rise in disposable income and growing adoption of technological advancements such as in-flight food and beverage ordering system are expected to propel the overall growth. Customer retention is of prime importance in the commercial aviation industry. Operators worldwide are strengthening their customer retention strategies in an attempt to enhance their profit margins and ensure a steady revenue generation. Some of the key airlines are concentrating on providing tailored services to their customers, such as offering regional cuisines on international routes. Also, the trend of offering customized as well as organic meals to passengers has proven beneficial for the market players in improving customer satisfaction levels.

As major airlines continue to operate on a limited scale, newer trends are emerging in the airline industry. By partnering with third-party vendors and offering technological assistance to passengers, they can book inflight meals and drinks on pre-order basis. For example, the partnership between Transavia and JustEat offers inflight passengers to use JustEat’s platform and order meals just one hour before their flight.

Apart, cost-cutting being a major trend in airline industry, airline companies are now finding ways to reduce inflight costs. Machine learning and automated robots are widely adopted by catering companies to serve meals according to user preference. KLM catering service provider (KCS) for KLM Royal Dutch Airlines has already adopted automation to produce and serve meals for economy class. 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/in-flight-catering-services-market

In-flight Catering Services Market Report Highlights

 Growing preferences of passengers for organic, healthy as well as customized meal options during air travel is among the emerging trends in the market

Integration of technology for ordering F&B through the onboard In-flight Entertainment (IFE) system is anticipated to propel the demand for catering services in long-haul flights

The introduction of meals deigned by celebrity chefs as well as the availability of premium beverage offerings, such as wine, to attract the premium class passengers are expected to create significant opportunities for the airlines to maximize their ancillary revenue

 In-flight catering has become one of the vital services offered by full-service carriers, whereas low-cost carriers have turned it into a prominent source of ancillary revenue.

The ongoing technological advancements are helping airlines with service enhancement during flight hours.

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In-flight Catering Services Market Segmentation

Grand View Research has segmented the global in-flight catering services market based on flight type, airline class, F&B type, and region:

In-flight Catering Services Flight Type Outlook (Revenue, USD Million, 2015 – 2025)

     Full Service Carrier (FSC)
     Low Cost Carrier (LCC)
     Others

In-flight Catering Services Airline Class Outlook (Revenue, USD Million, 2015 – 2025)

     Economy Class
     Business Class
     First Class
     Others

In-flight Catering Services F&B Type Outlook (Revenue, USD Million, 2015 – 2025)

     Meal
     Bakery & Confectionery
     Beverage
     Others

In-flight Catering Services Regional Outlook (Revenue, USD Million, 2015 – 2025)

     North America
        • U.S.
        • Canada
     Europe
        • Germany
        • The U.K.
     Asia Pacific
        • China
        • Japan
     Latin America
        • Brazil
        • Mexico
     Middle East & Africa

List of Key Players of In-flight Catering Services Market

    • Cathay Pacific Services (H.K.)Ltd
     Dnata
     Gate Gourmet(Gategroup)
     LSG Sky Chefs
    • SATS Ltd

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/6947/ibb

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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