The catering services market boasts of a mature European and North American market and a fast-growing APAC market. However, the COVID pandemic resulted in businesses being closed, events being postponed, and eateries being shut down. As such, the catering/cafeteria services were negatively impacted. One of the saving graces for the industry was the resurgence of take-away meals, which resulted in the contractual employment of employees from the cafeteria service providers.

With the pandemic loosening up, various countries have resumed operations with certain rules and regulations to maintain COVID safety protocols. For instance, pubs and restaurants in Ireland have opened for indoor service. In France, people visiting eateries have to show proof that they are vaccinated or have tested COVID negative recently. In India, ceremonies and gatherings can help with a limitation on the number of attendees decided by the local authorities. Such steps are opening business opportunities for catering service providers globally.

Read report summary or request a free sample copy of the report Catering Services Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025

Catering Services Category Intelligence Highlights: 

• Catering/Cafeteria services are resuming with limited capacities. Eateries are employing personnel from cafeteria service providers on a contractual basis
• The cafeteria market features a highly fragmented competitive landscape owing to the presence of several small players and regional players
• Suppliers widely prefer bundled outsourcing model as their operating model to diversify work 

Cost Intelligence Highlights:

Grand View Research has identified the following key cost components for availing catering services:

• Raw Material Costs
• Operational Costs
  • Rental Cost
  • Personnel Cost
  • Associated Costs
  • Opportunity Cost
  • Wastage Cost
  • Transportation Cost
  • Profit Margins

Raw material cost is the largest cost component of catering services, accounting for 60%-65% of the total cost of service. 

List of Key Suppliers in the Catering Services Category

• Aramark Corporation
• Compass Group North America
• Sodexo
• ISS Facility Services Pvt. Ltd.
• AVI Foodsystems, Inc.
• Mitie Group plc
• Bartlett Mitchell
• Elior Group
• Baxterstorey Limited

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Global In-Flight Catering Services Market is estimated to grow considerably in the coming years owing to the growth in air passengers and enhanced service innovations by airline firms. Inflight catering services offer food and meals to the passengers on-board. They not only provide meals to the aircraft passengers but also serve to the restaurants at the airport terminals. Newly built airports have several outlets that offer variety of food items & beverages to the passengers. Food catering service for passengers during their journey is contracted by flight catering group of a renowned hotel, or by the catering group operated by the airline itself as a business, or by any catering contractor.

Various brands of food & snacks worldwide are expected to enter in-flight catering services market due to its high profitability and growing customers’ preference. Moreover, the introduction of mobile and online ordering systems is further predicted to fuel the market. Presently, the major problem faced by airlines is the narrow passageway aircraft that allows limited number of standardized food items to serve. On the other hand, few jumbo jets allow comparatively wider range of foods due to availability of large space.

The key drivers of in-flight catering services market comprise the increase in number of passengers who wish to have nutritious and healthy food irrespective of the seating class. The economy passengers are now demanding high quality food items, which is again expected to boost the market. To offer something unique to customers, in-flight catering service providers are emphasizing on providing culturally diverse food to the passengers. The inclination of buy on-board food is also increasing with the airlines abolishing the idea of complimentary meals.

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Healthy snacks and mini-meals are also gaining attraction along with increasing number of health conscious passengers. The in-flight catering services market also looks for food safety, which is becoming one of the key areas of focus due to food quality and hygiene becoming major factors for travelers before selecting the airline. Furthermore, technological improvements for in-flight ordering systems is also propelling the growth of the market. For example, airline business have started making use of digital devices to receive food and beverages order from on-board passengers. Nevertheless, the major challenge faced by in-flight catering services market is aiming on reducing cost and weight for optimizing fuel consumption.

The market is categorized on the basis of service type, provider type, offering type, airline category, and geography. On the basis of service type, market is divided into economic service and premium service among which economic service is expected to register significant market share in terms of revenue.

Based on provider type, complete solution provider segment is expected to hold larger share in future. On the basis of offering type, market is divided into breakfast, main courses, beverages, starter & platters, and desserts. Main course segment is projected to dominate in-flight catering services market in the coming years. In terms of airline category, market is split into low cost carrier, charter/private carriers, and full service carrier. Low cost carrier is expected to grow considerably in future.

Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe, followed by Middle East & Africa is expected to hold larger share of market due to the growing market tourism.

The key players in in-flight catering services market include Air Culinaire Worldwide, Emirates Flight Catering, Compass Group, Dnata, Jetfinity, Egypt Air Inflight Services, Gate Gourmet, Do & Co., Goddard Catering, Sats, Lsg Skychef, Newrest, Servair, and Cathay Pacific Inflight Services.

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https://www.millioninsights.com/industry/food-and-beverage