Dublin, Nov. 21, 2018 (GLOBE NEWSWIRE) -- The "In-flight Catering Service Market to 2025 - Global Analysis and Forecasts by Catering Service; Catering Types; Aircraft Class; and Flight Type" report has been added to ResearchAndMarkets.com's offering.
The global In-flight catering service market accounted for US$ 17.96 Bn in 2017 and is expected to grow at a CAGR of 6.4% over the forecast period 2018-2025, to account for US$ 29.00 Bn in 2025.
The demand for In-flight Catering Service is primarily driven by increase in demand for passengers opting air travelling as a mode of transportation. Further, with the increase in disposable income, the passengers are now using the paid food services offered by airline companies. Owing to these factors, airline companies and caterers are forming strategic alliances to improve consumer in-flight experience.
The In-flight catering service market is highly consolidated with only few players sharing the larger pie of the global in-flight catering as a service market. On the basis of aircraft class segment, the economy class is holding a high market share followed by premium economy and business class. The catering services vary from class to class. First class catering services include the highest standard of food and service to the customers, whereas some deductions in the product as well as service is observed in the subsequent lower classes of aircrafts. The In-flight catering service are in operations to cater the needs of air travelers of all classes of aircraft to enhance the overall customer experience during the course of travel which creates significant opportunities for the companies to enhance its catering services In-flight catering service market.
On the basis of aircraft class, the in-flight catering service market is segmented into first class catering service, business class catering service, premium economy class catering service, and economy class catering service. The economy segment is the leading is anticipated to continue its dominance in the in-flight catering service market. However, premium economy segment is projected to grow at a high rate in the in-flight catering services market. The catering services offered to the passengers varies from class to class. On the basis of carrier type, the in-flight catering service market is segmented into full service carrier and low cost carrier.
The major difference between different classes of air travel tickets lies between the seats and the services offered to the customer. The low cost carriers are experiencing significantly high fleet demand, these carriers are increasingly introducing food and catering services on board, in order to maintain their market position as well as increase the passenger count. Several low cost carriers fly overseas, which encounters catering demand for local as well as destination country foods. This fact has catalyzed the in-flight catering services among the low-cost carriers, which is triggering the growth of market for global in-flight catering services in the current scenario.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. In-Flight Catering Service Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 Pest Analysis
4. In-Flight Catering Service Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Rising Number of Air Passengers Globally
4.1.2 Increasing Partnerships Between Airlines and Hotels & Chefs
4.2 Key Market Restraints
4.2.1 Cost Cutting On Airline Services Is Impacting Negatively On the In-Flight Catering Service Market
4.3 Key Market Opportunities
4.3.1 Low Cost Carriers To Accentuate the Demand
4.4 Future Trends
4.4.1 Dine On Demand' For Premium Economy Class Passengers
4.5 Impact Analysis of Drivers and Restraints
5. In-Flight Catering Service Market - Global Analysis
5.1 Global In-Flight Catering Service Market Overview
5.2 Global In-Flight Catering Service Market Forecast and Analysis
6. In-Flight Catering Service Market Revenue and Forecast To 2025 - Catering Service
6.1 Overview
6.2 Global In-Flight Catering Service Market Breakdown, by Catering Service, 2017 & 2025
6.3 In-House Catering Service Market
6.4 Outsourced Catering Service Market
7. In-Flight Catering Service Market Revenue and Forecast To 2025 - Catering Type
7.1 Overview
7.2 Global In-Flight Catering Service Market Breakdown, by Catering Type, 2017 & 2025
7.3 Full Meal Market
7.4 Snacks Market
8. In-Flight Catering Service Market Revenue and Forecast To 2025 - Aircraft Class
8.1 Overview
8.2 Global In-Flight Catering Service Market Breakdown, by Aircraft Class, 2017 & 2025
8.3 First Class Catering Service Market
8.4 Business Class Catering Service Market
8.5 Premium Economy Class Catering Service Market
8.6 Economy Class Catering Service Market
9. In-Flight Catering Service Market Revenue and Forecast To 2025 - Carrier Type
9.1 Overview
9.2 Global In-Flight Catering Service Market Breakdown, by Carrier Type, 2017 & 2025
9.3 Full Service Carriers Market
9.4 Low Cost Carriers Market
10. In-Flight Catering Service Market - Geographical Analysis
11. Industry Landscape
11.1 Merger & Acquisition
11.2 Market Initiative
12. Competitive Landscape
12.1 Competitive Product Mapping
12.2 Market Positioning - Global Top 5 Players
13. In-Flight Catering Service Market, Key Company Profiles
- Egyptair In-Flight Services
- ANA Catering Service Co., Ltd.
- Newrest Group
- Saudi Airlines Catering
- SATS Ltd.
- Flying Food Group, LLC
- Emirates Flight Catering
- Deutsche Lufthansa AG
- DO & CO Aktiengesellschaft
- Gategroup
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