U.S. Markets closed

Global $23.9 Billion Airline Catering Market Insights, Trends & Forecast to 2023: Surging Millennial Spending, Rising Adoption of Online Platforms, Meal Ordering Devices (MODs)

DUBLIN, Oct. 23, 2019 /PRNewswire/ -- The "Global Airline Catering Market (by Food Type, Flight Type & Aircraft Class): Insights, Trends & Forecast (2019-2023)" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The global airline catering market is estimated to reach US$23.90 billion in 2023, growing at a CAGR of 6% for the period spanning 2019-2023.

The growth of the market has been driven by accelerating economic growth, expanding urbanization, increasing airline passengers, upsurge in tourism activities, growing aircraft production and increasing low-cost carriers. Some of the noteworthy trends of the market include surging millennial spending, rising adoption of online meal ordering platforms and devices. However, growth of the market would be challenged by fluctuating fuel prices, food safety concerns and airline mishaps.

The global airline catering market is categorized on the basis of flight type, food type and aircraft class type. On the basis of flight type, the global airline catering market can broadly be divided as, full service, low cost and hybrid & others. In terms of food type, the global market can be categorized into Meals, Bakery & Confectionery, Beverages and others. On the basis of aircraft class type, the global airline catering market can be segmented into Business class, Economy class, First class and others.

The fastest-growing regional market is North America due to expanding urbanization, rising disposable income, increasing investment in the aviation sector and the upsurge in the millennial spending over travelling. Europe represents one of the largest airline catering market and is already well-penetrated at developed market levels. Asia Pacific is an emerging market where growth lies in increased national and international tourism in the region, wide economic growth and rising emphasis on customer-centric food menus.

Key Topics Covered:

1. Market Overview
1.1 Introduction
1.2 Airline Catering Flow Chart
1.3 Airline Catering System
1.4 Airline Catering Entities
1.5 Entities Roles in Airline Catering
1.6 Segmentation of Airline Catering

2. Global Market Analysis
2.1 Global Airline Catering Market by Value
2.2 Global Airline Catering Market Forecast by Value
2.3 Global Airline Catering Market by Flight Type
2.3.1 Global Full Service Airline Catering Market by Value
2.3.2 Global Full Service Airline Catering Market Forecast by Value
2.3.3 Global Low Cost Airline Catering Market by Value
2.3.4 Global Low Cost Airline Catering Market Forecast by Value
2.3.5 Global Hybrid & Others Airline Catering Market by Value
2.3.6 Global Hybrid & Others Airline Catering Market Forecast by Value
2.4 Global Airline Catering Market by Food Type
2.4.1 Global Meals Airline Catering Market by Value
2.4.2 Global Meals Airline Catering Market Forecast by Value
2.4.3 Global Bakery & Confectionery Airline Catering Market by Value
2.4.4 Global Bakery & Confectionery Airline Catering Market Forecast by Value
2.4.5 Global Beverages Airline Catering Market by Value
2.4.6 Global Beverages Airline Catering Market Forecast by Value
2.5 Global Airline Catering Market by Aircraft Class Type
2.5.1 Global Economy Class Airline Catering Market by Value
2.5.2 Global Economy Class Airline Catering Market Forecast by Value
2.5.3 Global Business Class Airline Catering Market by Value
2.5.4 Global Business Class Airline Catering Market Forecast by Value
2.5.5 Global First Class Airline Catering Market by Value
2.5.6 Global First Class Airline Catering Market Forecast by Value
2.5.7 Global Others Airline Catering Market by Value
2.5.8 Global Others Airline Catering Market Forecast by Value
2.6 Global Airline Catering Market by Region

3. Regional Market Analysis
3.1 Europe
3.1.1 Europe Airline Catering Market by Value
3.1.2 Europe Airline Catering Market Forecast by Value
3.1.3 Europe Airline Catering Market Value by Region
3.2 North America
3.3 Middle East & Africa
3.4 Asia Pacific
3.5 Latin America

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Accelerating Economic Growth
4.1.2 Rising Urbanization
4.1.3 Increasing Airline Passengers
4.1.4 Upsurge in Tourism Activities
4.1.5 Growing Aircraft Production
4.1.6 Increasing Low Cost Carriers
4.2 Key Trends & Developments
4.2.1 Surging Millennial Spending
4.2.2 Rising Adoption of Online Platforms
4.2.3 Meal Ordering Devices (MODs)
4.3 Challenges
4.3.1 Fluctuating Fuel Cost
4.3.2 Food Safety Concerns
4.3.3 Airline Mishaps

5. Competitive Landscape
5.1 Global Airline Catering Market
5.1.1 Revenue Comparison of Key Players
5.1.2 Market Capitalization Comparison of Key Players
5.1.3 Global Airline Catering Market Share by Players

6. Company Profiles
6.1 DO & CO Group
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Gategroup Holding AG
6.3 Lufthansa Group
6.4 The Emirates Group
6.5 Newrest Group Services S.A.S.
6.6 SATS Limited

For more information about this report visit https://www.researchandmarkets.com/r/yifpls

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Cision

View original content:http://www.prnewswire.com/news-releases/global-23-9-billion-airline-catering-market-insights-trends--forecast-to-2023-surging-millennial-spending-rising-adoption-of-online-platforms-meal-ordering-devices-mods-300944214.html