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Market Overview
Aircraft Catering market was valued at 21 billion US$ in 2022 and is projected to reach 30.7 billion US$ by 2030, at a CAGR of 4.9% during the forecast period. Aircraft catering service is the process of providing food and beverages to passengers on board commercial or private aircraft. This service can include the preparation, packaging, and delivery of meals, snacks, and drinks.
Market Determinants
The growing demand for air travel leading to increased need for aircraft catering services and increasing focus on offering premium in-flight dining experiences are key driving factors of the market. The increasing competitiveness of the air travel sector on the basis of in-flight catering services for gaining of healthy passenger volumes around the year would also propel higher quality in aircraft catering service and boost market growth during the forecast period. However, stringent regulations and safety requirements for food handling and preparation on aircraft and high operational costs associated with preparing and transporting food to aircraft might hamper the market growth. The creation of meal options that are suited to long-haul flights or other specific flight segments would provide lucrative opportunities for the market in coming years.
Market Segmentation
The global Aircraft Catering Service market is mainly classified based on Flight Class, Flight Type, and Food Type.
Flight Class is further segmented into Economy Class, Business Class, and First Class.
By Flight Type the market is divided into Full Service and Low Cost.
By Food Type the market is further divided into Meals, Beverages, and Others.
Regional Segementation
Based on geography, the global Aircraft Catering Service market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.
Competitive landscape
Key players operating in the Aircraft Catering Service industry include DNATA INTERNATIONAL PRIVATE LIMITED, Cathay Pacific Airways Limited, DO & CO Aktiengesellschaft, Emirates Flight Catering, Flying Food Group, LLC, Gate Gourmet India Private Limited, LSG Lufthansa Service Holdings AG, Newrest International Group, SATS Ltd., Servair SA, and TAJ SATS AIR CATERING LIMITED.
Aircraft Catering Service Market Key Segments:
By Flight Class
- Economy Class
- Business Class
- First Class
By Flight Type
- Full Service
- Low Cost
By Food Type
- Meals
- Beverages
- Others
Key Global Aircraft Catering Service Industry Players
- DNATA INTERNATIONAL PRIVATE LIMITED
- Cathay Pacific Airways Limited
- DO & CO Aktiengesellschaft
- Emirates Flight Catering
- Flying Food Group, LLC
- Gate Gourmet India Private Limited
- LSG Lufthansa Service Holdings AG
- Newrest International Group
- SATS Ltd.
- Servair SA
- TAJ SATS AIR CATERING LIMITED
What Report Provides
- Full in-depth analysis of the parent Industry
- Important changes in market and its dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional growth potential
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