The global market for In-Flight Catering Services is projected to reach US$22.4 billion by 2025, driven by the unprecedented rise in air passenger traffic and the resulting increase in demand for airline food and the increasing popularity of gourmet food catering as a competitive strategy for service differentiation among airline companies.
Growing competition among airliners and increased commoditization of airline services are together unleashing focus on leveraging opportunities offered by targeting underserved travelers. Food and fine dining, Wi-Fi connectivity and on-board entertainment, duty-free in-flight shopping, are few of the in-flight services gaining in popularity as new value added services capable of opening new revenue opportunities.
Growing consumer demand for high quality, premium healthy food even while flying is helping boost the prominence of food and drink as vital on-board services with the potential to impact overall passenger flying service experience. Although price is one of the factors that keep passengers on international flights satisfied, studies have revealed that food is also an important factor when it comes to keeping passengers happy.
Airline companies are increasingly waking up to the importance of food and beverage in roping in repeat passengers and retaining customers on international routes. Airliners are building their brands in new and powerful ways by delighting customers with exquisite in-flight experiences. One of these involves offering food and beverages unique to each company's culture.
MARKET TRENDS & DRIVERS
Surge in Air Travel and the Corresponding Increase in Passenger Traffic Drive Healthy Growth in Demand for In-Flight Catering Services
Ground Handling Services: The Backbone of In-Flight Catering
Growing International Tourism and Consequent Rise in Air Travel to Benefit In-Flight Catering Market
Booming Outbound Travels of Chinese Millennial Population to Benefit Growth Prospects for In-Flight Catering
Increasing Pressure to Reduce Costs Favor In-flight Catering Outsourcing
Shift from Complimentary Meals to 'Buy on Board' Transforms In-Flight Catering from Free Service Offering to a Revenue Model
Low-Cost Carriers Boost the "Buy on Board" Segment of Travel Retail
Local Touch to Buy-On-Board Catering
Culturally Diverse Food Preferences Spur Growth in Demand for Special Meals
Mobile-Based Ordering and Pre-Ordering Takes Off
Pre-ordered Meals at Airport Restaurants
Pre-Ordered Meals before Flights
Paid Pre-order Meals Still Not Flying
Dietary Restrictions and Food Allergies: The Main Considerations for Airlines When Deciding Menus
Demand Surges for Healthy and High Quality Food
Mini Meals: The Latest Fad for the Health Conscious Airline Traveler
Embraer delivered 25 jets in 1Q24, an increase of 67% compared to the 15 aircraft delivered in 1Q23. Executive Aviation showed robust delivery growth, soaring from 8 to 18 jets...
AerSale Corporation ("AerSale") announced a favorable recommendation by a U.S. Federal Magistrate Judge in AerSale's lawsuit with Jetaire Aerospace, LLC, Jetaire Flight Systems, LLC (collectively "Jetaire"), and Jetaire's owner Michael Williams,...
Seoul, Korea ? Philatron Wire and Cable, a leading American manufacturer of innovative wire and cable solutions, is excited to announce its participation in the upcoming EVS37 at the Coex Center in Seoul, Korea. Attendees are invited to...
Dingdong (Cayman) Limited ("Dingdong" or the "Company") , a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it filed its Annual Report on Form 20-F for the fiscal year ended December...
Universal Logistics Holdings, Inc. was named a 2023 Supplier of the Year by General Motors ("GM"). GM celebrated honorees at its 32nd annual Supplier of the Year event in Miami, Florida last week....
Carnival Corporation & plc today announced that Carnival Corporation (the "Company") priced its private offering (the "Notes Offering") of ?500 million aggregate principal amount of 5.75% senior unsecured notes due 2030 (the...