Latin America Inflight Services Market by Flight Services Types (Low-cost Carriers, Full Service Carriers, Hybrid, and Others), Food Types (Bakery, Meals, Confectionery, Beverages, and Others), Aircraft Seating Class (First Class, , Business Class, and Economy Class), and Region - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Latin America inflight services market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing domestic and international travel and tourism and rising aviation industry.
Over the last few years, Latin America's aviation sector has developed at a gradual rate. The yearly passenger traffic has increased somewhat during the last three years. In 2019, Latin American passenger traffic was more over 375 million, with domestic carriers accounting for around 76% of the total.
Historically, the aviation sector in Latin America has been highly regulated, with high entry barriers and national carrier protectionism. There has been a revolutionary change gradually, owing to the widespread implementation of open skies deals.
With the launch of more than 270 new domestic and international routes as a result of favorable government efforts, the region's connectivity has improved. Moreover, increasing investments in key aviation infrastructure in existing and new airports in order to properly handle fast-expanding passenger traffic are projected to drive the region's aviation sector.
The Covid-19 pandemic affected the demand and supply of Latin America inflight services market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Factors such as aviation's technological advancements, best practices, and safety requirements are projected to drive the market in the coming years.
- Rapid growth of the travel and tourism industry in the region is the key factor boosting the market during the forecast period.
- High fuel price and fluctuating commodity cost of product are estimated to hamper the market growth.
- Travel restrictions act as major factors that can hinder the market expansion.
- Airport development and expansion plans are estimated to offer significant opportunities for the market players.
Scope of the Report
The report on the Latin America inflight services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Latin America Inflight Services Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Flight Services Types (Low-cost Carriers, Full-Service Carriers, Hybrid, and Others), Food Types (Bakery, Meals, Beverages, Confectionery, and Others), Aircraft Seating Class (First Class, Business Class, and Economy Class) |
|
Regional Scope |
Latin America |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Air Culinaire Worldwide LLC; Newrest Group; LSG Sky Chefs; gategroup; GCG Catering |
Market Segment Insights
The low-cost carrier’s segment is projected to represent a large market share
Based on flight services types, the Latin America inflight services market is divided into low-cost carriers, full-service carriers, hybrid, and others. The low-cost carrier’s segment is expected to represent a key share of the market during the forecast period owing to Healthy competition among low-cost carriers and growing number of middle-income passengers.
The meal’s segment is expected to expand at a significant pace
On the basis of food types, the Latin America inflight services market is segmented into bakery, meals, beverages, confectionery, and others. The meal segment is expected to hold a key share of the market during the forecast period owing the growing passenger traffic and initiatives, such as introduction of free inflight meals.
The economy class segment is anticipated to expand at a rapid CAGR
In terms of aircraft seating class, the Latin America inflight services market is segmented into first class, business class, and economy class. The economy class segment is expected to represent a key share of the market during the forecast period owing to low-cost carriers are becoming more competitive.
Segments
Flight Services Types
- Low-cost Carriers
- Full-Service Carriers
- Hybrid
- Others
Food Types
- Bakery
- Meals
- Beverages
- Confectionery
- Others
Aircraft Seating Class
- First Class
- Business Class
- Economy Class
Region
- Latin America
Key Player
- Air Culinaire Worldwide LLC
- Newrest Group
- LSG Sky Chefs
- Gategroup
- GCG Catering
Competitive Landscape
Key players competing in the Latin America inflight services market include Air Culinaire Worldwide LLC; Newrest Group; LSG Sky Chefs; gategroup; GCG Catering.
Consumers in Latin America demand ethically produced and nutritious food items which caterers and carriers bear in mind when designing value addition and service distinction.
Catering companies also consider the tastes of economy class passengers when creating menus, as economy class flights are growing increasingly popular among individuals in the region.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Inflight Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Inflight Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Inflight Services Market - Supply Chain
4.5. Global Inflight Services Market Forecast
4.5.1. Inflight Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Inflight Services Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Inflight Services Market Absolute $ Opportunity
5. Global Inflight Services Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Inflight Services Market Size and Volume Forecast by Types
5.3.1. Low-cost Carriers
5.3.2. Full-Service Carriers
5.3.3. Hybrid
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Inflight Services Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Inflight Services Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Inflight Services Demand Share Forecast, 2019-2026
7. North America Inflight Services Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Inflight Services Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Inflight Services Market Size and Volume Forecast by Types
7.4.1. Low-cost Carriers
7.4.2. Full-Service Carriers
7.4.3. Hybrid
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Inflight Services Demand Share Forecast, 2019-2026
8. Latin America Inflight Services Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Inflight Services Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Inflight Services Market Size and Volume Forecast by Types
8.4.1. Low-cost Carriers
8.4.2. Full-Service Carriers
8.4.3. Hybrid
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Inflight Services Demand Share Forecast, 2019-2026
9. Europe Inflight Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Inflight Services Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Inflight Services Market Size and Volume Forecast by Types
9.4.1. Low-cost Carriers
9.4.2. Full-Service Carriers
9.4.3. Hybrid
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Inflight Services Demand Share Forecast, 2019-2026
10. Asia Pacific Inflight Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Inflight Services Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Inflight Services Market Size and Volume Forecast by Types
10.4.1. Low-cost Carriers
10.4.2. Full-Service Carriers
10.4.3. Hybrid
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Inflight Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Inflight Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Inflight Services Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Inflight Services Market Size and Volume Forecast by Types
11.4.1. Low-cost Carriers
11.4.2. Full-Service Carriers
11.4.3. Hybrid
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Inflight Services Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Inflight Services Market: Market Share Analysis
12.2. Inflight Services Distributors and Customers
12.3. Inflight Services Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Air Culinaire Worldwide LLC
12.4.2. Newrest Group
12.4.3. LSG Sky Chefs
12.4.4. Gategroup
12.4.5. GCG Catering
2. Assumptions and Acronyms Used
3. Research Methodology
4. Inflight Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Inflight Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Inflight Services Market - Supply Chain
4.5. Global Inflight Services Market Forecast
4.5.1. Inflight Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Inflight Services Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Inflight Services Market Absolute $ Opportunity
5. Global Inflight Services Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Inflight Services Market Size and Volume Forecast by Types
5.3.1. Low-cost Carriers
5.3.2. Full-Service Carriers
5.3.3. Hybrid
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Inflight Services Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Inflight Services Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Inflight Services Demand Share Forecast, 2019-2026
7. North America Inflight Services Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Inflight Services Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Inflight Services Market Size and Volume Forecast by Types
7.4.1. Low-cost Carriers
7.4.2. Full-Service Carriers
7.4.3. Hybrid
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Inflight Services Demand Share Forecast, 2019-2026
8. Latin America Inflight Services Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Inflight Services Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Inflight Services Market Size and Volume Forecast by Types
8.4.1. Low-cost Carriers
8.4.2. Full-Service Carriers
8.4.3. Hybrid
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Inflight Services Demand Share Forecast, 2019-2026
9. Europe Inflight Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Inflight Services Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Inflight Services Market Size and Volume Forecast by Types
9.4.1. Low-cost Carriers
9.4.2. Full-Service Carriers
9.4.3. Hybrid
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Inflight Services Demand Share Forecast, 2019-2026
10. Asia Pacific Inflight Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Inflight Services Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Inflight Services Market Size and Volume Forecast by Types
10.4.1. Low-cost Carriers
10.4.2. Full-Service Carriers
10.4.3. Hybrid
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Inflight Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Inflight Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Inflight Services Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Inflight Services Market Size and Volume Forecast by Types
11.4.1. Low-cost Carriers
11.4.2. Full-Service Carriers
11.4.3. Hybrid
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Inflight Services Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Inflight Services Market: Market Share Analysis
12.2. Inflight Services Distributors and Customers
12.3. Inflight Services Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Air Culinaire Worldwide LLC
12.4.2. Newrest Group
12.4.3. LSG Sky Chefs
12.4.4. Gategroup
12.4.5. GCG Catering
Flight Services Types
- Low-cost Carriers
- Full-Service Carriers
- Hybrid
- Others
Food Types
- Bakery
- Meals
- Beverages
- Confectionery
- Others
Aircraft Seating Class
- First Class
- Business Class
- Economy Class
Region
- Latin America
Key Player
- Air Culinaire Worldwide LLC
- Newrest Group
- LSG Sky Chefs
- Gategroup
- GCG Catering
Key players competing in the Latin America inflight services market include Air Culinaire Worldwide LLC; Newrest Group; LSG Sky Chefs; gategroup; GCG Catering.
Consumers in Latin America demand ethically produced and nutritious food items which caterers and carriers bear in mind when designing value addition and service distinction.
Catering companies also consider the tastes of economy class passengers when creating menus, as economy class flights are growing increasingly popular among individuals in the region.
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