Europe In-Flight Catering Services Market

Description

Valued at US$ XX in 2017, the in-flight catering services market in Europe is poised to grow higher, thanks to the growing competition amongst airline companies and the increase in passenger traffic. The market is expected to register a CAGR of XX% during the period 2017-2022, and is expected to reach a value of US$ XX by 2022.

End Users

The market is targeted at attracting more passengers towards respective airline companies, providing a desirable in-flight experience for them. This comes amidst rising popularity of in-flight gourmet and certain differentiating points that rivalling companies use to contrast themselves from each other.

Market Dynamics

The global aviation market is undergoing quite the economic slowdown lately, especially the European market. Even amidst such turmoil, passenger traffic is on a high rise, specifically in a thoroughly interconnected network like the European air traffic. Also, with low cast carriers gaining a lot of popularity, airline companies are looking for extractable points to attract more passengers to pick their airline. Many have opted to offer varieties on in-flight experience, especially the in-flight catering sector, as passengers would then associate their experience on board with the food.

The market is poised to maintain a fair growth rate during the forecast period. Rise in low cost carriers have ensured rise in number of airplanes and passenger traffic, however such airlines offer very limited cabin space for food items. While full service flights are capable to provide full meals, smaller aircrafts come with certain limitations on choices offered. However, with passengers demanding more and rivalling airline companies ready to fulfil such demands, the catering market has earned its importance in the aviation sector.

Market Segmentation

The market can be segmented on the basis of aircraft type, travelling class, and food type. Based on aircraft type, the market is divided into Full Service and Low Cost; based on class, into First, Business, and Economy; based on food type, into Bakery and Confectionary, Meals, and Beverages. With the growing popularity of low cost carriers, in-flight gourmet options in Economy have witnessed quite some expansion.

Geographical Analysis

Regionally, the European in-flight catering services market is segmented into Russia, Germany, UK, France, Italy, and Spain. Due to slowdown in the aviation market, not too much is being expected from most airline carriers, especially in terms of in-flight gourmet options. However, it has been observed that passengers hailing from the likes of Italy, France, and Spain have been quite demanding on this particular offered facility, and are even willing to go the extra mile in spending more on quality in-flight food.

Key players

Key players in the market include Abby’s Catering, Limited, ANA Catering Service Co., AAS Catering Co., Limited, Cathay Pacific Catering Services, Catering AG,Emirates Flight Catering Co. LLC, Alpha Flight Group Limited, Flying Food Group LLC, Journey Group Plc, Gate Gourmet Switzerland GmbH, KLM Catering Services, LSG Sky Chefs, Newrest Group International S.A.S, Saudi Airlines Catering Company, SATS Limited, and Servair SA.