Market Size of Latin America Inflight Catering Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.11 Billion |
| Market Size (2029) | USD 1.78 Billion |
| CAGR (2024 - 2029) | 9.91 % |
| Market Concentration | High |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Latin America Inflight Services Market Analysis
The Latin America Inflight Catering Market size is estimated at USD 1.11 billion in 2024, and is expected to reach USD 1.78 billion by 2029, growing at a CAGR of 9.91% during the forecast period (2024-2029).
The COVID-19 pandemic resulted in a full-scale crisis with the imposition of travel restrictions and the suspension of flights in a global effort to contain the spread of the virus. The aviation industry was crippled by the loss of traffic and revenues. Post-COVID-19 pandemic, passenger traffic increased in FY 2021 and 2022, though the sector showed signs of improvement in FY 2021 and 2022.
The primary factor driving this market is the fast-growing aviation sector due to an increase in travel and tourism, both domestic and international. The major restraint on the market is the slump in the Latin American economy, which has been affected 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.
