Feb 18, 2020 (Market Insight Reports via COMTEX) -- The report discusses many vital industry facets that influence Global In-flight Catering industry acutely which includes extensive study of competitive edge, latest technological advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.
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In-flight Catering Market Segmentation:
Top leading Manufactures Profiled in In-flight Catering Market Report are:
Gate Gourmet, LSG Sky Chefs, Sats Ltd., Cathay Pacific Catering Services (H.K.) Ltd., Dnata, Flying Food Group, Emirates Flight Catering, IGS Catering Services, Jetfinity, Newrest International Group S.A.S, Journey Group Plc.
The in-flight catering market was estimated at USD 18.04 billion in 2019, and is anticipated to witness a CAGR of 5.61% during the forecast period. The growth of in-flight catering is largely dependent on the development and growth of the aviation industry.
Integration of technology for the ordering of food and beverages on-board is expected to help the growth of the in-flight catering market. Also, concepts like retail on board and personal in-flight chefs are anticipated to affect the in-flight catering market in the near future.
An airline food, in-flight meal, or airline meal is a meal served to passengers on board a commercial airliner. Specialist airline catering services prepare these meals and usually serve to passengers using an airline service trolley.
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The report highlights major developments and changing trends adopted by key companies over a period of time. For a stronger and more stable business outlook, the report on the global market carries key projections that can be practically studied.
In-flight Catering Market analysis report has recently added by Research which helps to make informed business decisions. This research report further identifies the market segmentation along with their sub-types. The In-flight Catering Market is expected to reach at a huge CAGR during the forecast period. Various factors are responsible for the market's growth, which are studied in detail in this research report.
In-flight Catering Market Scenario:
Meals are expected to be the dominant food type in the in-flight catering market during the forecast period, due to the demand driven by the Asian and European airlines. However, in the United States, the financial pressures have forced to change the food service dynamics, more in favor of light snacks. Some airlines in the region serve meals that are available at an extra cost. However, the beverages segment is expected to obtain the highest growth rate during the forecast period..
The Asia-Pacific aviation sector is the fastest growing market in the world, and accounts for the highest number of aircraft orders among all the regions. Increase in disposable incomes and connectivity in some of the developing nations, such as India, Vietnam, and China have given the necessary impetus to the market. Asia-Pacific is a vast market in terms of culinary habits, and regions vary in their culinary preferences. Though India and China are neighboring countries, the culinary food habits of people in these two regions are significantly different. Food habits of passengers from the north vary from those of the south in the same country. These variations are likely to lead to the growth of the market during the forecast period.