The In-Flight Catering Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s In-Flight Catering Services Global Market Report 2024, The in-flight catering services market size has grown strongly in recent years. It will grow from $16.96 billion in 2023 to $18.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to crisis adaptation, air travel expansion, evolving dietary preferences, focus on service quality, globalization of cuisine.

The in-flight catering services market size is expected to see strong growth in the next few years. It will grow to $25.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to adaptation to health and safety protocols, globalization of culinary offerings, demand for on-demand services, premium and luxury market growth, sustainability and eco-friendly practices. Major trends in the forecast period include rise of on-demand services, customization and personalization, health and wellness focus, sustainability initiatives, premium and luxury services.

Increased air traffic is expected to propel the growth of the in-flight catering services market. In recent years, the number of people who travel by plane has skyrocketed. This indicates that a large number of individuals can now afford to travel by plane. The changing lifestyle coupled with increasing disposable income has triggered the increase in air travel demand for leisure and business purposes. In-flight catering has become important for travelers, especially for network carriers serving long distances. For instance, in November 2021, according to the Federal Aviation Administration, on a daily basis, the Air Traffic Organization (ATO) provides service to 2.9 million airline passengers in more than 45,000 flights across approximately 29 million square miles of airspace. Therefore, increasing air traffic is driving the growth of the in-flight catering services market.

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The in- flight catering market covered in this report is segmented –
1) By Aircraft Seating Class: Economy Class, Business Class, First Class
2) By Source: In-house, Outsource
3) By Flight Type: Full Service Carriers, Low Cost Carriers
4) By Food Type: Meal, Bakery and confectionery, Beverage, Other Types

Major companies operating in the in-flight catering services market are focusing on strategic collaboration, to provide reliable services to customers. Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities who work together to achieve shared goals aligned with their individual strategic objectives. For instance, in August 2023, the Oman Air, an Oman-based luxury airline, announced a collaboration with In-Flight Catering Software TCI LTD (IFCS), a Providenciales-based software provider for aviation industry. The partnership seeks to improve the airline's in-flight catering operations by incorporating IFCS's state-of-the-art Recipe Costing and HACCP Compliance Monitoring Software, coupled with advanced Galley Loading and Planning Software. These advanced solutions will streamline the airline's catering processes, enhance efficiency, and reinforce compliance measures.

The in-flight catering services market report table of contents includes:
1. Executive Summary
2. In-Flight Catering Services Market Characteristics
3. In-Flight Catering Services Market Trends And Strategies
4. In-Flight Catering Services Market - Macro Economic Scenario
5. Global In-Flight Catering Services Market Size and Growth
……
32. Global In-Flight Catering Services Market Competitive Benchmarking
33. Global In-Flight Catering Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The In-Flight Catering Services Market
35. In-Flight Catering Services Market Future Outlook and Potential Analysis
36. Appendix

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