February 11, 2019 by Steve Blade
As per International Air Transport Association (IATA), the domestic and international air traffic witnessed significant growth in 2017. Moreover, IATA predicts the number of air travelers to double by 2035. Owing to target in-flight catering market opportunities created by ever growing air traffic, airlines are offering premium in-flight catering services to attract more customers and thereby expanding their business.
A new Fact.MR study envisions the In-Flight Catering Market to create opportunity of more than US$ 9.5 Bn by the end of 2026. To deliver opulent in-flight experience to travelers coupled with demand of healthy in-flight meals irrespective of the travelling class is anticipated to propel the growth of in-flight catering market in near future.
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In-Flight Catering Market: Main Course to Become Heavy; Beverages to Fizz Up
In-flight catering market growth is largely pushed by the increasing demand for main courses by passengers on-board. One of the main reason for high main course demand is the growing traffic in long-haul flights that have remained instrumental in fuelling demand for in-flight catering services on a large scale. In long haul flights, airlines are providing three course meals with beverages and salads offered as complementary dishes. This factor has significantly raised the demand for main courses, given their packaged benefits.
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In-Flight Catering Market: Food Innovations to Present Lucrative Opportunities Across Regional Markets
Airlines use in-flight catering services to improve the in-flight experience of their passengers. Leading airlines across the globe are implementing advanced technologies in order to better their in-flight catering services, while adding innovation in food products as per cuisine preferences of consumers. In addition, they are following a unique trend of offering regional as well as continental meal options to their passengers, which helps satisfy specific meal requests of passengers, thus increasing passenger satisfaction levels. Furthermore, majority of airline caterers and in-flight catering service providers in the market are improving their supply chain management (SCM) in order to achieve high quality products along with cost-effectiveness in their in-flight catering operations. That said, increasing investments by famous food brands are expected to take this trend to the next level by offering famous food products to the air passengers popular among the airline business across the globe.
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In-Flight Catering Market: Growing Number of International and Domestic Air Passengers Boosting Momentum
According to the International Air Transport Association (IATA), the international and domestic air traffic across the global aviation industry has witnessed a significant surge since the past few years that has led to increased operational profits and overall net profits of airlines. Moreover, the increasing number of individuals opting for air travel is expected to boost the demand for in-flight catering services, in turn fuelling the growth of the in-flight catering market during the period of forecast.
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