- Bakery & Confectionary
In-flight Catering Market size was valued USD 16.08 billion in 2021 and expected to reach USD 26.18 billion by 2028, at a CAGR of 6.02% during the forecast period 2022-2028. Increasing airline passengers worldwide, rising consumers demand towards better quality onboard food are some of the key factors boosting the market growth. However, high cost of meal in in-flight and very few options of food available on flights are inhibiting the growth of the market. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global in-flight catering market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global in-flight catering market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Fastest Growing Market
In-flight catering is a business that provides food service at specifically airline companies. Growing number of airline passengers from emerging countries such as Middle East, North America, and Europe is expected to be the one of the major key driver for the market growth. The passenger traffic is increasing in APAC and Latin America due to lower fuel prices. The rising trend for tourism and number of business travels will further increase the passenger traffic. Modern airports have a variety of food and beverage outlets to cater to the increasing number of air passengers.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.