Latin America Inflight Services Market

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

  • Report ID: CG-2655
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 188
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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.

Latin America Inflight Services Market summary

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.

Latin America Inflight Services Market types

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.

Latin America Inflight Services Market keyplayers

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 

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.

Latin America Inflight Services Market keyplayers

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