DUBLIN--(BUSINESS WIRE)--The "North America Inflight Catering Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The North America Inflight Catering Market is anticipated to grow at a CAGR of over 3% during the forecast period.
The intense competitive scenario in the aviation sector has encouraged the airline operators to create their unique brand identity. Inflight catering has emerged as a prime criterion for differentiating the quality of services provided by different airlines and helps to create an outlook of the passengers towards perceiving an airline. The realization of this fact has encouraged the North American airlines to invest significant resources to develop a profitable inflight catering service, that serves the tastes of the passengers, and safeguards the market share of the airlines.
The inflight catering business has witnessed a radical transformation during the past decade. Though North American airlines are not completely encouraging the BYOF (Bring-Your-Own-Food) on international flights, passengers are permitted to carry their eatables on several domestic routes in the region, especially in the US. The penetration of BYOF may pose a threat to the market in focus in the future.
The lucrative nature of the inflight catering business has encouraged the entry of several global brands that are well-equipped to conform to the high quality and safety regulations of the aviation industry. The entry of new market players and the advent of e-ordering services is expected to radically transform the prevalent practice of long-term association of airlines with their catering partners and is expected to provide both the airlines and the passengers with a plethora of choices.
Key Market Trends
Increasing Competition Driving Improvements in the Inflight Dining Experience
The enhanced competition amongst the airlines has encouraged them to adopt certain strategies aimed at elevating the customer perception of the inflight dining experience. To comply with hybrid operational scenarios while providing service to the customers, airlines are using different service strategies on different classes on the same flight.
For instance, while providing quality services at a premium price to high-value customers (in business and first-class), airlines are also offering lower price alternatives to passengers in economy class, thereby, establishing tier-based complimentary onboard services. The market is expected to witness impressive levels of growth, as North American carriers consider options to improve the quality of food served on their fleet.
The diversified cuisine and dietary choices of the passengers have encouraged airlines to serve different meals on special routes. For instance, Delta Airlines has different partners providing authentic regional dishes on select routes, both domestic and international.
While Atlanta-based Linton Hopkins dishes up menus inspired by artisan foods of the American South on flights from Atlanta to Amsterdam, Dusseldorf, Frankfurt, London, Madrid, Munich, Paris, Rome or Stuttgart, passengers on the flights to and from China and Japan, enjoy menus created by Chef Jereme Leung (China) and Chef Norio Ueno (Japan).
The North America inflight catering market is undergoing a slow but steady consolidation, with major players procuring other significant regional players. Gate Gourmet, which started as a small inflight caterer has, over the years, procured most of its competitors, and it now stands at the top of the global inflight catering market share, by revenue.
Its geographical presence has also expanded significantly during the past decade, solidifying its presence and customers across international regions. Market consolidation has allowed smaller regional players to target just one competitor to survive in the market, while it also allowed new entrants to enter the market, with lesser resistance due to cheaper services.
LSG Sky Chef, gategroup, Journey Group PLC, and Flying Food Group are some of the prominent players in the North America inflight catering market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Aircraft Seating Class
5.1.1 Economy Class
5.1.2 Business Class
5.2 Flight Service Type
5.2.1 Full-Service Carrier
5.2.2 Low-Cost Carrier
5.3.1 United States
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Flying Food Group LLC
6.1.3 Lufthansa Service Holding AG
6.1.4 Journey Group PLC
6.1.5 Fleury Michon America
6.1.6 Cathay Pacific Catering Services (CLS Catering)
6.1.8 Newrest International Group SaS
6.1.10 SATS Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/1cepzb