The Global In-Flight Catering Services Market Projected To Reach $22.4 Billion By 2025

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PALM BEACH, FL, Sept. 12, 2022 /PRNewswire/ -- Airlines are rebounding from COVID in a large way. According to IATA (International Air Transport Association) North America, for example, is expected to continue to be the strongest performing region returning to profitability in 2022. Supported by the large US domestic market and the re-opening of international markets, including the North Atlantic, net profit is forecast to be $8.8 billion in 2022. Airlines are cutting costs and trying to also increase revenues, and one way to increase is to listen to the demands of passengers for more nutritious foods on flights… and this has given way to the rise of the In-Flight Catering Market. Another report from ReportLinker added that In-flight catering service relates to the provision of meals and other food to passengers that are present on the flight. The catering service is contracted by a catering group run by the airline or any other catering contractor or by a hotel`s catering group. In-flight catering service is considered to be a critical service provided by airline companies to passengers, for enhancing their overall travel experience, and thereby gain greater share of the market. While a majority of airline carriers typically offer bread roll; vegetable or salad; fish, chicken, or beef; and a dessert, others provide more specific meals, including religious diets, medical diets, meals for babies and infants, and various types of cultural diets. Amid the COVID-19 crisis, the global market for In-Flight Catering Services estimated at US$19.7 Billion in the year 2022, is projected to reach a revised size of US$22.4 Billion by 2025, registering a compounded annual growth rate (CAGR) of 4.6% over the analysis period. Europe represents the largest regional market for In-Flight Catering Services, accounting for an estimated 27.1% share of the global total. The market is projected to reach US$5.7 Billion by the close of the analysis period. Active companies in the markets this week include: Pangea Natural Foods Inc. (OTCPK: PNGAF) (CSE: PNGA), Southwest Airlines Co. ( NYSE: LUV), JetBlue Airways (NASDAQ: JBLU), Air Canada( OTCQX: ACDVF) (TSX: AC), American Airlines Group Inc. (NASDAQ: AAL).