Economy Class Category to Dominate Inflight Catering Services Market through 2024
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.
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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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