Asia Pacific In-Flight Catering Services Market is estimated to grow at a CAGR of 6.1% during the forecast period. Asia Pacific In-Flight Catering Services Market is expected to reach US$ 5.07 Bn. in 2030 from US$ 3.35 Bn in 2023.
Overview of the Asia Pacific In-Flight Catering Services Market:
Stellar Market Research provides a concise overview of the Asia Pacific In-Flight Catering Services Market, highlighting local perspectives. The study examines various trends, company dynamics, and factors influencing market conditions, offering a comprehensive view of the industry. It details the variables that impact industrial growth differently based on the location.
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Market Scope:
Based on Aircraft Class,The Asia Pacific In-Flight Catering Services Market is divided into Economy Class, Business Class, and First Class segments based on the type of aircraft. Since middle-class families make up the bulk of the population in this region and hence dominate the industry, economy class continues to be the most popular choice among frequent flyers. Regardless of seating class, demand for in-flight food will rise due to passengers' growing expectations of eating healthful meals. Moreover, heightened awareness of global health issues is compelling players in the Asia Pacific in-flight catering industry to reevaluate their approach.
Based on Source,The Asia Pacific In-Flight Catering Services market is divided into two segments: In-House and Outsource, according to Source. The outsourcing sector is anticipated to dominate the in-flight meal services market. Over the projection period, the majority of airlines and private aircraft in Asia Pacific are expected to choose for outsourcing in-flight catering service because to the availability of a large array of international cuisines and meals. The need for outside in-flight catering services would rise in response to government regulations governing food safety and hygiene, which would require a high level of food safety certification. Strong agreements between major airlines and in-flight catering service providers will lead to a rise in the market for outsourced food products over the forecast period.
Based on Food Type,The market for in-flight catering services in Asia Pacific is divided into four segments: beverages, bakery & confectionery, meals, and others. It is anticipated that the meal sector will rule the market. A rise in customer demand for meals on board is driving the growth of the in-flight catering sector. The expanding number of long-haul flights, which continues to be a major factor in the massive demand for in-flight catering services, is one of the primary causes of the rise in meal demand. In addition to drinks and salads as side dishes, airlines provide three-course dinners. Because of the many advantages, this feature has greatly increased the demand for meals. Despite having a lesser economic basis than meals, beverages are expected to have considerable demand from consumers, especially millennials and children.
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Asia Pacific In-Flight Catering Services Key Players:
Key Players of the Asia Pacific In-Flight Catering Services Market profiled in the report include…..
Flying Food Group LLC (U.S.)
Gate group (Switzerland)
Lufthansa Service Holding AG (Germany)
Journey Group PLC (U.K.)
Fleury Michon America (Canada)
Delta Dailyfood Canada Inc (Canada)
Key Questions answered in the Asia Pacific In-Flight Catering Services Market Report are:
- What are the segments covered in the Asia Pacific In-Flight Catering Services market report?
- Which segment dominates the Asia Pacific In-Flight Catering Services Market?
- What is the projected market size & growth rate of the Asia Pacific In-Flight Catering Services market size by 2030?
- Which factors are the opportunities for the Asia Pacific In-Flight Catering Services market growth?
- What are challenges facing theAsia Pacific In-Flight Catering Services market?
- Which region held the largest market share in the Asia Pacific In-Flight Catering Services Market
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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