In-flight Catering Services Market to Reach Valuation of USD 29.5 Billion by 2027, States Transparency Market Research

-  Shift from complimentary to a la carte meals in a number of passenger flights leading to growth in the market

-  Global in-flight catering services market to chart a compound annual growth rate of 5% over the forecast period

ALBANY, New York, March 24, 2020 /PRNewswire/ -- Over the period 2019 to 2027, the global in-flight catering services market is set to grow at a rate of 5.0%. This will help the market move from valuation of USD 18 billion in the year 2018 to USD 29.5 bn. by the year 2027. A number of growth factors are underscoring growth in the market.

As per Transparency Market Research, "Key demographic in the global in-flight catering services market would be the millennial population. It is involved in massive travelling activities, which are supported by increase in disposable income."

Key Findings of the Global In-Flight Catering Services Market Study:

• Long term growth opportunities would be presented by long-haul airline over the forecast period
• Millennial population to be key demographic driving the market forward owing to inclination towards travel
• Europe to contribute massively to the growth of global in-flight catering services market over the forecast period

For a detailed analysis of in-flight catering services market by offering, provider, catering service type, service type, airline, and flight, Visit: https://www.transparencymarketresearch.com/in-flight-catering-market.html

Key Drivers of Growth in the Global In-Flight Catering Services Market:

A number of trends and drivers are propelling the global in-flight catering services market over the forecast period. The prominent ones, as identified by Transparency Market Research, are outlined below:

• Customer-centricity is key to growth in the global in-flight catering services market, thus in-flight catering holds a prominent place
• In-flight catering services often make or break the reputation of an airline and since the customer base is often extremely loyal, attention to the services is crucial
• Increase in disposable income of people is leading to significant growth in demand for in-flight catering services
• Favourable government policies helping aviation sector, driving the market for services forward

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