Growing aviation industry and rapid commercialization to drive global inflight catering services market through 2024
According to TechSci Research report, “Global Inflight Catering Services Market By Type, By Aircraft Seating Class, By Food Type, By Region, Competition, Forecast & Opportunities, 2024”, global inflight catering services market is projected to cross $ 24 billion by 2024 on account of increasing airline passenger traffic, which is further resulting in growing demand for airline food. Furthermore, increasing popularity of gourmet food catering as a competitive strategy for service differentiation among airline companies is also positively impacting the market. In terms of region, inflight catering services market is categorized into Asia-Pacific, Europe, North America, South America and Middle East & Africa. Asia-Pacific was the largest market for inflight catering services in 2018 and is anticipated to dominate the market during forecast period as well on account of growing tourism industry in the region and rising number of people choosing air travel as a medium of transportation.
Browse 5 market data Tables and 125 Figures spread through 110 Pages and an in-depth TOC on “Global Inflight Catering Services Market”
In terms of aircraft seating class, global inflight catering market is categorized into economy class, business class and first class. Of all, economy class accounted for majority share in global market in 2018 and is expected to maintain its dominance during forecast period. Majority of the passengers choose economy class over business class and first class due to cheap flight tickets, which in turn, is boosting the market for inflight catering among economy seating class. Moreover, governments of various countries are introducing customer friendly policies to fuel growth of the aviation industry, thereby further fueling growth in the market.
“Global inflight catering market is predicted to witness a healthy growth landscape over the course of next five years. On account of increasing number of passengers and aircraft taking flight in on a day-to-day basis in regions like Asia-Pacific and Europe, demand for inflight catering services is surging. Moreover, international air traffic volume is also increasing, which in turn, is bolstering the growth of inflight catering services market, globally.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“Global Inflight Catering Services Market By Type, By Aircraft Seating Class, By Food Type, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global inflight catering services market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global inflight catering services market.
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