The growing number of passengers and travelers can spur lucrative opportunities for the market, states Fortune Business Insights, in a report, titled “In-flight Meal Services Market Size, Share & Industry Analysis, By Aircraft Class (Economy Class, First Class, Business Class), By Food Type (Packaged Fresh Meals, Ready-to-prepare Meals, Snacks, Beverages, Others) and Regional Forecast, 2020-2027.” The rising disposable income of consumers is expected to aid the healthy growth of the market during the forecast period.
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The report on the in-flight meal services market uncovers:
- Exceptional insights into the market
- Systematic data with detailed analysis
- Market dynamics and aspects demonstrating the development
- Meticulous information about vital players in the market
- Imperative statistics about dominant regions
Increasing Adoption of Online Platforms to Enable Speedy Expansion
Improving in-flight catering systems and catering management to enrich passenger’s experience is likely to encourage the healthy growth of the market. The growing focus on providing tailored services to on-board customers such as pre-ordered meal services can have an outstanding effect on the market. For instance, in February 2020, American Airlines extended its pre-ordered meal service to the premium cabin passengers on regional American Eagle flights. The service aims to provide region-specific meals to passengers. Furthermore, the expansion of catering operations by major airlines is expected to promote the growth of the market. For instance, in January 2019, Dubai-based air services provider dnata has enhanced its global catering operations with the opening of a new facility in Canberra, to expand its presence in Australia by providing in-flight catering to commercial airlines as well as charter airlines carrying VIPs, government officials, and military. In addition, the growing innovations in onboard meal menus coupled with the popularity of online platforms are expected to further incite the development of the market. However, the stringent quality regulations for in-flight meals are expected to dampen the growth of the market. In-flight food is subjected to the approval of food quality and safety by stringent bodies, thus hampering the growth of the market.
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Rising Number of Tourists to Boost Market in North America
The market in North America is expected to hold the largest share owing to the increasing number of tourists traveling via airlines. The rising disposable income is expected to contribute significantly to the growth of the North American countries. Europe is expected to expand radically during the forecast period owing to the increasing demand for healthy and organic meals on flights. The increasing partnerships, collaborations, acquisitions among airlines are expected to boost the market in the region. For instance, In December 2019, gategroup acquired European operations of Lufthansa Service Holdings and initiated a long-term catering contract with Lufthansa, including main hubs in Frankfurt and Munich.
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The Report Lists the Key Companies in the In-flight Meal Services Market:
- LSG Lufthansa Service Holding AG
- Dubai National Air Transport Association (dnata)
- Ambassador’s Sky Chef
- Perth In-flight Catering
- Newrest Group International S.A.S
- Do & Co.
- Flying Food Group LLC
- Saudi Airlines Catering Company
- Royal In-Flight Catering
February 2020: gategroup company, Gate Gourmet, announced it has expanded its reach across Asia with the launch of services in Indonesia. The company will initiate with the introduction of airline catering services at the holiday island in Bali, which will act as a catalyst for establishing further in-flight services across the country.
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