The Global Market for In-Flight Catering Services is Projected to Reach US$17.6 Billion by 2020

Effervescent Service Innovations by Airline Companies Drives the Global In-Flight Catering Services Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on In-Flight Catering Services. The global market for In-Flight Catering Services is projected to reach US$17.6 billion by 2020, driven by growing air passenger traffic and effervescent service innovations by airline companies.

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, Asia-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.

Key players covered in the report include DO & CO Restaurants & Catering AG, dnata, Emirates Flight Catering Co. LLC, Flying Food Group LLC, Gate Gourmet Switzerland GmbH, Journey Group Plc, LSG Sky Chefs, Newrest Group International S.A.S, SATS Limited, and Servair SA, among others.

The research report titled “In-Flight Catering Services: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe, Asia-Pacific (China and Rest of Asia-Pacific), Middle East, Africa, and Latin America.