5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
India
Latin America Inflight Catering Market - Growth, Trends, and Forecast (2020 - 2025)
The market is segmented by Aircraft Seating Class (Economy Class, Business Class, First Class), Flight Service Type (Full Service Carriers, Low-cost Carriers, Hybrid and Others), Food Type (Meals, Bakery and Confectionery, Beverages, and Other Types of Food), and Country.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2024
Base Year:
2018
Major Players:
Largest Market:
Brazil
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
Market Overview
The Latin America Inflight Catering Market is poised to grow at a CAGR of more than 3.5% during the forecast period 2019-2024.
- The major factor driving this market is a fast-growing aviation sector due to an increase in travel and tourism; both domestic and international.
- The major restraint to the market is the slump in the Latin American economy, which has grown majorly by the global commodity price crash.
- Airport development and expansion plans that are in progress in the region are expected to offer opportunities for inflight catering service providers to expand their presence in the region which can propel the growth of the market in the coming years.
Scope of the Report
The report includes the following aspects:
| Food Type | |
| Meals | |
| Bakery and Confectionary | |
| Beverages | |
| Other Types of Food |
| Flight Service Type | |
| Full Service Carriers | |
| Low-cost Carriers | |
| Hybrid and Others |
| Aircraft Seating Class | |
| Economy Class | |
| Business Class | |
| First Class |
| Country | |
| Mexico | |
| Brazil | |
| Rest of Latin America |
Report scope can be customized per your requirements. Click here.
Key Market Trends
Low-cost Carriers Segment is Expected to Have the Highest Market Share During the Forecast Period.
The low-cost carriers segment had the highest revenue in 2018, due to the initiatives by these LCC airlines to expand their businesses and increase the number of flights to new destinations. The economic slump has resulted in a fall in disposable incomes that have temporarily affected the aviation industry in the region. People have started flying more economy class, during their travel, and due to this, many airlines have increasingly opted to fly low-cost carriers in this region, which is the prime reason for the higher share of the segment. However, increasing business travel and the hybridization of some of the low-cost airlines to capture more lucrative business passengers and to strengthen their position are expected to increase the growth of the Hybrid and Others segment, during the forecast period.
To understand key trends, Download Sample Report
Brazil Registered the Highest Market Share in 2018
Brazil’s domestic aviation market is the largest in Latin America. The country's economy is steadily recovering after the country’s economy had hit its low point in 2015. The aviation industry, in response to the economic slump, has fought hard to maintain stability. The efforts of the major airlines in the country, like GOL and LATAM Airlines Brazil, to increase their fleet capacity, proved to be fruitful, thereby increasing the growth of the aviation market. The passenger traffic in the country is now growing, and hence an increase in the inflight catering market in the country is expected. In 2018, the country experienced a 3.3% growth year-on-year in domestic passenger numbers, compared to an increase of 2% in 2017 and a negative growth of 7.8% in 2016. Additionally, LATAM introduced a new dining concept for economy class passengers on long-haul international flights over 7 hours, with free meals. The growing passenger traffic and initiatives, like the introduction of free inflight meals, are likely to propel the inflight catering market in the country.
To understand geography trends, Download Sample Report.
Competitive Landscape
GCG Catering, Gate Gourmet, LSG Sky Chefs, Air Culinaire Worldwide, LLC., and Newrest Group are some of the prominent players in the market. The Latin American consumers show a preference for ethically produced and healthy food products, which the caterers, as well as carriers, can keep in mind when planning value addition and service differentiation. Catering providers can also keep in mind the preferences of the economy class passengers while designing the menus, as economy class flights are increasingly becoming the most preferred among the people in the region. Catering providers in the region are also incorporating concepts, like restaurant in the sky, on-board chefs, and collaborations with star chefs, to enhance the inflight dining experience of the passengers. This is also expected to open opportunities for reputed restaurants to penetrate the inflight catering businesses, thereby increasing the competition.
Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Food Type
5.1.1 Meals
5.1.2 Bakery and Confectionary
5.1.3 Beverages
5.1.4 Other Types of Food
5.2 Flight Service Type
5.2.1 Full Service Carriers
5.2.2 Low-cost Carriers
5.2.3 Hybrid and Others
5.3 Aircraft Seating Class
5.3.1 Economy Class
5.3.2 Business Class
5.3.3 First Class
5.4 Country
5.4.1 Mexico
5.4.2 Brazil
5.4.3 Rest of Latin America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisition, Joint Ventures, Collaborations, and Agreements
6.2 Vendor Market Share
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 GCG Catering
6.4.2 Gate Gourmet
6.4.3 LSG Sky Chefs
6.4.4 Air Culinaire Worldwide LLC
6.4.5 Newrest Group
6.4.6 Marcia's Catering
6.4.7 Manny Catering
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
LINKS
JOIN US
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.
Interested? Please email us
[email protected]© 2020. All Rights Reserved to Mordor Intelligence.