Latin America Inflight Services Market Growth, Size, Trends, Share, Revenue and Future Outlook
Latin America Inflight Services Market Size- By Food Type, By Flight Service Type, By Aircraft Seating Class- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: AERO2421 | Pages: 1 - 153 | Formats*: |
| Category : Aerospace and Defence | |||
Latin America Inflight Services Market Introduction and Overview
According to SPER Market Research, the Latin America Inflight Services Market is estimated to reach USD 2.62 billion by 2033 with a CAGR 10.19%.
The report includes an in-depth analysis of the Latin America Inflight Services Market, including market size and trends, product mix, distribution channels, and supplier analysis. The facilities and help offered to passengers during a flight are referred to as in-flight services. Depending on the airline and service class, these services can differ significantly. Meal and beverage options, which can range from snacks to full-course meals and are frequently tailored to dietary preferences or restrictions, are common in-flight amenities. These meals could be more complex and come with a selection of wines and spirits in premium grades like business or first class.
- LSG Sky Chefs was given the exclusive domestic catering contract for Brazil by LATAM Airlines in February 2021. This implies that the catering company not only managed to extend its current contract with the carrier for an additional three years in São Paulo (GRU) and Fortaleza (FOR), but also grew the partnership by acquiring LATAM's additional operations in São Paulo (CGH) and both of its Rio de Janeiro stations (GIG and SDU).
- The contract between Gategroup and LATAM Airlines, which spans several airports, was signed in July 2021. Gategroup is a top worldwide provider of food services and catering for airlines.
Market Opportunities and Challenges
Opportunities: This market is primarily being driven by the rapidly expanding aviation industry as a result of rising domestic and international travel and tourism. The market is primarily constrained by the downturn in the Latin American economy, which is a result of the global collapse in commodity prices. The region's ongoing airport development and expansion plans should present chances for in-flight catering service providers to increase their footprint, which should fuel the market's growth in the next years.
In the upcoming years, it is anticipated that the primary drivers of market expansion will be a rise in passenger traffic and a rise in aircraft deliveries.
Challenges: A major challenge in the region is the complex economic terrain, wherein nations exhibit substantial disparities with respect to GDP per capita and economic stability. The inequity impacts the airlines' capacity to allocate resources and uphold superior in-flight amenities uniformly along their flight paths. Due to its enormous geographic dispersion, Latin America presents logistical difficulties for supply chain management and catering, which may result in variations in the quality of services provided.
Market Competitive Landscape
Catering companies in the area are bringing ideas to the table to improve passengers' in-flight meal experiences, such as a restaurant in the sky, onboard chefs, and partnerships with celebrity chefs. Competition is anticipated to increase as a result of this, as well as potential for reputable restaurants to enter the in-flight catering sector. Some of the major market key players are GCG Catering, Gate Gourmet, LSG Sky Chefs, Air Culinaire Worldwide LLC, and Newrest Group.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Food Type, By Flight Service Type, By Aircraft Seating Class |
| Regions covered | Brazil, Mexico, Argentina, Columbia, Rest of Latin America |
| Companies Covered | Air Culinaire Worldwide LLC, Gate Gournet, GCG Catering, LSG Sky Chefs, Manny Catering, Marcia's Catering, Newrest Group, Others. |
COVID-19 Impact on Latin America Inflight Services Market
As a result of the COVID-19 pandemic, there was a global attempt to stop the virus's spread, which led to the implementation of travel restrictions and the cancellation of flights. The lack of money and traffic decimated the aviation sector. Despite indications of improvement in the sector, passenger traffic surged in FY 2021 and 2022 following the COVID-19 pandemic.
Key Target Audience:
- Airline Passengers
- Airlines (Operational Decision Makers)
- Inflight Catering Companies
- Aviation Suppliers (e.g., manufacturers of inflight equipment)
- Airport Authorities
Our in-depth analysis of the Latin America Inflight Services Market includes the following segments:
| By Food Type: |
|
| By Flight Service Type: |
|
| By Aircraft Seating Class: |
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Key Topics Covered in the Report:
- Latin America Inflight Services Market Size (FY’2024-FY’2033)
- Overview of Latin America Inflight Services Market
- Segmentation of Latin America Inflight Services Market By Food (Meals, Bakery and Confectionary, Beverages, Others)
- Segmentation of Latin America Inflight Services Market By Flight Service Type (Full Service Carriers, Low-Cost Carriers, Hybrid, Others)
- Segmentation of Latin America Inflight Services Market By Aircraft Seating Class (Economy Class, Business Class, First Class)
- Expansion Analysis of Latin America Inflight Services Market
- Problems and Obstacles in Latin America Inflight Services Market
- Competitive Landscape in the Latin America Inflight Services Market
- Impact of COVID-19 and Demonetization on Latin America Inflight Services Market
- Details on Current Investment in Latin America Inflight Services Market
- Competitive Analysis of Latin America Inflight Services Market
- Prominent Players in the Latin America Inflight Services Market
- SWOT Analysis of Latin America Inflight Services Market
- Latin America Inflight Services Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Latin America Inflight Services Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Latin America Inflight Services Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Latin America Inflight Services Market
7. Latin America Inflight Services Market, By Food Type (USD Million) 2020-2033
7.1. Latin America Inflight Services Market Size, Share and Forecast, By Food Type, 2020-20267.2. Latin America Inflight Services Market Size, Share and Forecast, By Food Type, 2027-20337.3. Meals7.4. Bakery and Confectionary7.5. Beverages7.6. Others
8. Latin America Inflight Services Market, By Flight Service Type (USD Million) 2020-2033
8.1. Latin America Inflight Services Market Size, Share and Forecast, By Flight Service Type, 2020-20268.2. Latin America Inflight Services Market Size, Share and Forecast, By Flight Service Type, 2027-20338.3. Full Service Carriers8.4. Low-Cost Carriers8.5. Hybrid8.6. Others
9. Latin America Inflight Services Market, By Aircraft Seating Class (USD Million) 2020-2033
9.1. Latin America Inflight Services Market Size, Share and Forecast, By Aircraft Seating Class, 2020-20269.2. Latin America Inflight Services Market Size, Share and Forecast, By Aircraft Seating Class, 2027-20339.3. Economy Class9.4. Business Class9.5. First Class
10. Latin America Inflight Services Market Forecast, 2020-2033 (USD Million)
10.1. Latin America Inflight Services Market Size and Market Share
11. Latin America Inflight Services Market, By Region, 2020-2033 (USD Million)
11.1. Latin America Inflight Services Market Size and Market Share By Region (2020-2026)11.2. Latin America Inflight Services Market Size and Market Share By Region (2027-2033)11.3. Brazil11.4. Mexico11.5. Argentina11.6. Columbia11.7. Rest of Latin America
12. Company Profile
12.1. Air Culinaire Worldwide LLC
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Gate Gournet
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. GCG Catering
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. LSG Sky Chefs
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Manny Catering
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Marcia's Catering
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Newrest Group
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Latin America Inflight Services Market size is USD 2.62 billion from 2024 to 2033.
Latin America Inflight Services Market Segment is covered By Food Type, By Flight Service Type, By Aircraft Seating Class.
The Latin America is anticipated to have the highest Market share in the Latin America Inflight Services Market.
The key players in the Market include Companies Covered Air Culinaire Worldwide LLC, Gate Gournet, GCG Catering, LSG Sky Chefs, Manny Catering, Marcia's Catering, Newrest Group, Others.
The facilities and help offered to passengers during a flight are referred to as in-flight services.
Latin America Inflight Services Market is projected to reach USD 2.62 billion by 2033, growing at a CAGR of 10.19% during the forecast period.
Latin America Inflight Services Market grew in Market size from 2022. The Market is expected to reach USD 2.62 billion by 2033, at a CAGR of 10.19% during the forecast period.
Latin America Inflight Services Market CAGR of 10.19% during the forecast period.
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