[FURL=https://www.industryarc.com/Research/In-Flight-Catering-Service-Market-Research-507298?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]In-Flight Catering Service Market[/FURL] The In-Flight Catering Service market size is estimated to reach $23.2 billion by 2026, growing at a CAGR of 5.4% during the forecast period 2021-2026. In-Flight Catering service involves the preparation and delivery of various food items for consumption by airline passengers during flight. The process involves the catering service provider cooking the meals in hot and cold kitchen assembly at or near the airport. The meals are packed and delivered to the aircraft in order to be arranged in the onboard Storage. While in flight, the food is heated using a blast chiller and served to customers via an airline service trolley.Key Takeaways
Geographically, the Asia Pacific market accounted for the largest In-Flight Catering Service Market Market share in 2020 and it is poised to dominate the market over the period 2021-2026 owing to the increase in disposable income and many nations in the region such as China and Japan being able to control the Covid-19 pandemic spread.
Reduction in global travel restrictions owing to the containment of the virus spread and increasing vaccination rates is anticipated to drive the market. However, the low shelf-life of food items along with the stringent health and safety standards that needs to be followed is anticipated to hamper growth.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the In-Flight Catering Service Market report.
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In-Flight Catering Service Market Segment Analysis - By Geography
The In-Flight Catering Service Market based on Geography can be segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. The Asia Pacific region accounted for the largest market share of more than 27% owing to the rapid GDP growth and industrialization in major developing countries such as China and India. With the increase in development and disposable income, people have become more attracted to air travel than other substitutes such as rail and road. For instance, the number of passengers handled in Indian airports rose from 168.9 million in 2014 to 341.1 million in 2020.
In-Flight Catering Service Market Drivers
Increase in Global Vaccination Rates is Projected to Drive Market Growth
Rise in the Popularity of Low-Cost Airlines is Anticipated to Boost Service Demand
In-Flight Catering Service Market Industry Outlook:
The top 10 companies in of the industry are Gategroup, Newrest Group International S.A.S, LSG Sky Chefs, Do & Co, Emirates Flight Catering, SATS Limited, Cathay Pacific Airways Limited, Flying Food Group LLC, Saudi Airlines Catering Company, Royal In-Flight Catering
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