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Growth in the recent five years is primarily driven by two major factors, i.e. increase number of commercial air travel and partnership between airlines and hotels & chefs.
Pertaining with the fact of rapid growth in an aviation industry throughout the globe, demand in the procurement of aircrafts has increased. With an aim to match up the growing needs of passengers, production of wide body aircrafts, narrow body aircrafts, business jets, private jets, and regional jets is also rising. In addition this, with an improvement in the GDP of economies, the disposable income of individuals in both developing and developed regions is also increasing across the globe which is growing the demand for airways as a mode of transportation at a similar pace. The individuals are looking ahead to adopt air travel for transportation to reduce the travel time.
In-flight Catering Service market operates in a highly fragmented industry with large number of local, regional, and international players capturing market place. Key players in the market are collaborating with other providers of In-flight catering service to gain high market share. Some of the key players operating in the In-flight Catering Service market includes Egyptair In-Flight Services, ANA Catering Service Co., Ltd., Newrest Group, Saudi Airlines Catering, SATS Ltd., Flying Food Group, LLC, Emirates Flight Catering, Deutsche Lufthansa AG, DO & CO Aktiengesellschaft, and gategroup among others.