Artificial Intelligence
The global market for In-Flight Catering Services is projected to reach US$22.4 billion by 2025
New York, Sept. 08, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global In-Flight Catering Services Industry” – https://www.reportlinker.com/p04838522/?utm_source=GNW
Growing competition among airliners and increased commoditization of airline services are together unleashing focus on leveraging opportunities offered by targeting underserved travelers. Food and fine dining, Wi-Fi connectivity and on-board entertainment, duty-free in-flight shopping, are few of the in-flight services gaining in popularity as new value added services capable of opening new revenue opportunities. Growing consumer demand for high quality, premium healthy food even while flying is helping boost the prominence of food and drink as vital on-board services with the potential to impact overall passenger flying service experience. Although price is one of the factors that keep passengers on international flights satisfied, studies have revealed that food is also an important factor when it comes to keeping passengers happy. Surveys that have ranked in-flight services such as cost and fees, aircraft, flight crew, check-in, boarding, immigration, baggage and reservations etc., have highlighted food and beverage as ranking on par with entertainment as key to passenger satisfaction. Airline companies are increasingly waking up to the importance of food and beverage in roping in repeat passengers and retaining customers on international routes. Airliners are building their brands in new and powerful ways by delighting customers with exquisite in-flight experiences. One of these involves offering food and beverages unique to each company`s culture.
Noteworthy factors gaining ground as important growth drivers include the growing trend of unbundling airline food services to meet diverse consumer tastes and preferences and the resulting prominence of A La Carte meals over standard meals; launch of new mobile and online meal order booking options by major airlines; growing automation and proliferation of in-flight catering management solutions; rising popularity of mini-meals and nutritious snacks for health-conscious airline travelers; robust demand for environmentally sustainable food solutions with locally sourced ingredients; effervescent innovations in onboard meal menus; robust developments in the science behind airplane food including modern cooking techniques and ground-breaking designs in airplane ovens. There is a great deal of research being conducted to understand the impact of high altitude flying on appetite. Flying at high altitudes is known to reduce appetite and hunger thus making palatable airline food a challenge for food service providers. The temporary changes in body chemistry also tend to alter the taste buds, requiring innovations in food science to confront this challenge. Spicer foods and blander beverages are often well received by passengers. “Bloody Mary”, for instance is gaining a reputation for tasting great at high altitude. Similarly, power juices, smoothies and power salads featuring good quality protein are also growing in popularity. Alaska Airlines offers a protein platter featuring Greek yogurt, almonds, seasonal fruits, a cage-free hard-boiled egg, pita bread and non-GMO turkey. The United States, Europe and whole of Asia Pacific represent large markets worldwide with a combined share of 87.4 % of the market. China ranks as the fastest growing market with a CAGR of 6.6% over the analysis period supported by improving disposable income and higher standards of living, increase in the frequency of air travel, rise in the number of high net worth individuals (HNWIs) as well as expanding base of affluent middle class population who value access to healthy, nutritious food and therefore willing to pay a premium for food. The Middle East is also emerging as a hub of international airline activity supported by airport infrastructure upgrades to meet the air travel needs of millions of Muslim pilgrims visiting the region and expansion of aircraft fleets.
Read the full report: https://www.reportlinker.com/p04838522/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
In-Flight Catering Services: A Prelude
Historical Background
Key Stakeholders
Architecture of In-Flight Catering System
In-Flight Catering Services: Providing Quality, Fresh and
Delicious Food to Air Passengers
Low Cost Carriers to Gain Greater Market Share
Economy Class Drives Market Growth
Air Passengers Exhibit Preference for Meals
In-Flight Catering: One of the Most Dynamic Segments in the
Catering Industry
Inflight Catering: Major Trends Summarized
Airline Catering: From Simple Fare Comprising Biscuits to
Elaborate Multiple Meal Option Menus
Quieter Airplanes Make it Easy to Savor In-Flight Meals
Food Services for Premium Cabins Similar to Top Restaurants on
the Ground
Advent of Cultural and Religious Diets
Complimentary and Paid Multiple-Course Meals
Popular Food, Beverage and Culinary Trends in Airline Catering
Locally Procured Food: The New Flavor of the Season
Vegetables Take Center Stage
Adding Spice to Food
Hawaiian Food Going Places
Healthier Breakfast Options
Branded Farm Produce
New Meat Cuts
Stuffed Items Gain Popularity
Signature & High Class Cocktails
Seafood
Fast Food
Packaged Popcorn
Best Coffee Onboard
Craft Beer
Seasonal Food Items for Holiday Travelers
Spices and Herbs Replace Artificial Additives and Salt
Foods from Home/Destination Country
Nutritious Food Onboard: A Major Attraction for Health
Conscious Customers
Few Other Airline Food & Catering Trends in a Nutshell
All Things Significant about Food Served in Flights across the
World
Major Aspects of Aircraft Food
Emerging Economies to Propel Future Growth in In-Flight
Catering Services Market
Economic and Demographic Fundamentals Support Market Growth
Global Economic Outlook: Real GDP Growth Rates in % by Country/
Region for the Years 2018 through 2020
Fastest Growing Economies Worldwide over the Period 2016-2050:
Annual Average Real GDP Growth (%) for Select Developing
Economies
Major Market Challenges Summarized
Competitive Landscape
In-Flight Catering Services: An Intensely Competitive Marketplace
In-Flight Catering Services Competitor Market Share Scenario
Worldwide (in %): 2019
gategroup and LSG Sky Chefs: Two Global Leading In-Flight Caterers
Leading Airlines for In-Flight Meals
British Airways: Managing Growing Competition through Novel
Offerings
Emirates Group: Transforming from a Regional Leader to a
Globally Recognized Brand
Cathay Pacific?s New Catering Model for Business Class
Passengers Speeds up Service
Airport Catering Services Market Continues to Witness M&A Activity
gategroup?s Acquisition of LSG?s European Operations: A Major
Development in Airline Catering Market
Major Mergers and Acquisitions in In-Flight Catering Market:
(2010-2019)
Partnerships between In-Flight Catering Companies and Airlines
on the Rise
Strategies Adopted by Leading Airlines/Catering Service Providers
In-Flight Meal Experience Plays Major Role in Airline Branding
Matching Consumer Expectations: Difficult but Essential
Airlines Strike Balance between Catering Costs and Brand Image
Airlines Extend Premium-Quality Foods to Non-First Class
Passengers
Large Airlines Focus on Lean Operations, Shed Catering Units
Novel Concepts in Production, Material & Process Management
Regulatory Forces Keep Close Watch
Catering & Logistics: The Most Essential Combination for Caterers
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Abby?s Catering (USA)
AAS Catering Co., Ltd. (Japan)
ANA Catering Service Co., Ltd. (Japan)
Brahim?s SATS Food Services Sdn Bhd (Malaysia)
Cathay Pacific Catering Services (H.K.) Ltd. (Hong Kong)
DO & CO Restaurants & Catering AG (Austria)
dnata (UAE)
Emirates Flight Catering Co., LLC (UAE)
Flying Food Group, LLC (USA)
gategroup Holding AG (Switzerland)
Servair SA (France)
KLM Catering Services Schiphol BV (The Netherlands)
LSG Lufthansa Service Holding AG (Germany)
LSG Sky Chefs (Germany)
Newrest Group International S.A.S (France)
On Air Dining Ltd. (UK)
Royal In-Flight Catering Co., Ltd. (Japan)
Saudi Airlines Catering Company (Saudi Arabia)
SATS Limited (Singapore)
TajSATS Air Catering Limited (India)
3. MARKET TRENDS & DRIVERS
Surge in Air Travel and the Corresponding Increase in Passenger
Traffic Drive Healthy Growth in Demand for In-Flight Catering
Services
Annual Air Passenger Traffic (in Millions) Worldwide by
Country: 2010-2018
Global Passenger Air Traffic Revenues (in US$ Billion): 2010-2019
Global Annual Air Traffic in Trillion RPK (Revenue Passenger
Kilometer) for the Period 1975 to 2038
Projected Growth in Global Airline Traffic (RPK) by Geographic
Region: 2018-2038
Stable Commercial Aviation Outlook Signals Growth Opportunities
for Airline Catering
Global Commercial Aircraft Fleet Projections: Breakdown of
Fleet (in Units) by Region for 2018 and 2038
Ground Handling Services: The Backbone of In-Flight Catering
Growing International Tourism and Consequent Rise in Air Travel
to Benefit In-Flight Catering Market
Europe Captures Largest Share of International Tourist
Arrivals: Breakdown of International Tourist Arrivals (in %)
by Region for 2018
Air Travel Dominates International Tourism Industry: Breakdown
of Tourism Market (in %) by Mode of Transportation for 2000
and 2018
Booming Outbound Travels of Chinese Millennial Population to
Benefit Growth Prospects for In-Flight Catering
Top Spenders Worldwide on Outbound Travel: Breakdown of Travel
Expenditure (US$ Billion) by Country for 2018
Increasing Pressure to Reduce Costs Favor In-flight Catering
Outsourcing
Shift from Complimentary Meals to ?Buy on Board? Transforms In
-Flight Catering from Free Service Offering to a Revenue Model
Low-Cost Carriers Boost the ?Buy on Board? Segment of Travel
Retail
Local Touch to Buy-On-Board Catering
Culturally Diverse Food Preferences Spur Growth in Demand for
Special Meals
Mobile-Based Ordering and Pre-Ordering Takes Off
Pre-ordered Meals at Airport Restaurants
Pre-Ordered Meals before Flights
Paid Pre-order Meals Still Not Flying
Dietary Restrictions and Food Allergies: The Main
Considerations for Airlines When Deciding Menus
Demand Surges for Healthy and High Quality Food
Mini Meals: The Latest Fad for the Health Conscious Airline
Traveler
Rising Airline-Hotel Collaborations Benefit Market Prospects
Enduring Trend of Environmental Sustainability Augurs Well for
Long Term Growth of In-Flight Catering
Air Travel Plastic Waste Increasing Steadily: A Major Concern
Use of Plastic in In-Flight Catering Raises Carbon Emission
Concerns
Major Airlines Undertake Sustainability Initiatives to Address
Climate Change
Focus on Environmental Conservation and Cabin Waste Reduction
Influence Packaging of Inflight Meals
Innovative Airline Amenity Ideas from PriestmanGoode
Edible Cups of Air New Zealand
SAS Unveils New, Sustainable Packaging of New Nordic Food Concept
SunExpress Germany Offers Meals in Recyclable, Bio-packaging
SIA Embarking on New Onboard Sustainability Initiatives
The Bring-your-Own-Cup Trend Catching Up in the Air Travel
Industry
Airlines Caterers Prepare to Meet Challenges Posed by
Increasing Numbers of Aging Air Travelers
Breakdown of Number of People Aged 65+ Years in Million by
Geographic Region for the Years 2019 and 2030
Emerging Middle Class & Rapid Urbanization: Megatrends Driving
Air Travel & Airline Catering
Global Middle Class Population (In Million) by Region for the
Years 2020, 2025 and 2030
Global Middle Class Spending (US$ Trillion) by Region for the
Years 2020, 2025, 2030
Middle Class Households as a Percentage (%) of Total Households
for Select Countries: 2008, 2018, 2024, 2030, 2036
World Urban Population in Thousands: 1950-2050P
Degree of Urbanization Worldwide: Urban Population as a % of
Total Population by Geographic Region for the Years 1950,
1970, 1990, 2018, 2030 and 2050
Innovations, Advancements and Service Enhancements
The Vertical Farm of Emirates
Lufthansa?s Astronauts? Meals
Airborne Cooking Robot
Data Science and Artificial Intelligence by Airlines for
Improved Food Supply and Sales
Sous-Vide Cooking Process from Cuisine Solutions
On-Demand Food Service for Enhanced Travel Experience
Meal Ordering Devices (MODs) for Taking Orders
Automated In-Flight Catering Management Solutions
Hybrid Model: The Next Big Thing in Airline Catering
Food Trucks
Onboard Picnic Services
Deep Frozen Meals
Key Challenges Facing In-Flight Catering Market
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for In-Flight Catering
Services by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2020 through 2027
Table 2: World Historic Review for In-Flight Catering Services
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 3: World 15-Year Perspective for In-Flight Catering
Services by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2012,
2020 & 2027
Table 4: World Current & Future Analysis for Economy Class by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 5: World Historic Review for Economy Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 6: World 15-Year Perspective for Economy Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 7: World Current & Future Analysis for Business Class by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 8: World Historic Review for Business Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 9: World 15-Year Perspective for Business Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 10: World Current & Future Analysis for First Class by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 11: World Historic Review for First Class by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 12: World 15-Year Perspective for First Class by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 13: World Current & Future Analysis for Full Service by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 14: World Historic Review for Full Service by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 15: World 15-Year Perspective for Full Service by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 16: World Current & Future Analysis for Low Cost by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 17: World Historic Review for Low Cost by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 18: World 15-Year Perspective for Low Cost by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 19: World Current & Future Analysis for Meals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 20: World Historic Review for Meals by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 21: World 15-Year Perspective for Meals by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 22: World Current & Future Analysis for Bakery &
Confectionery by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2020 through 2027
Table 23: World Historic Review for Bakery & Confectionery by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 24: World 15-Year Perspective for Bakery & Confectionery
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 25: World Current & Future Analysis for Beverages by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 26: World Historic Review for Beverages by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 27: World 15-Year Perspective for Beverages by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 28: World Current & Future Analysis for Other Food Types
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 29: World Historic Review for Other Food Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 30: World 15-Year Perspective for Other Food Types by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
In-flight Catering Services Market in the US: Poised for Stable
Growth
Improving Commercial Aviation Sector to Benefit Demand Prospects
Annual Air Passenger Traffic (Millions) in the US: 2010-2018
Increasingly Choosy Food Habits of Air Travelers Drive Growth
in the Matured US Market
In-Flight Food Takes the Healthy Route
Willingness of Consumers to Pay Extra for On-Board Meals Bodes
Well for the Market
North American Airlines Adopt New Approach towards In-Flight Food
Lean Manufacturing Leads the Way
In-Fight Catering: Localization and Personalization Assumes
Importance
DIY Catering Comes to Rescue in Remote Locations
Lack of Adequate Safety Precautions in Airline: A Major Cause
of Concern
Market Analytics
Table 31: USA Current & Future Analysis for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class – Independent Analysis of Annual Sales in US$
Billion for the Years 2020 through 2027
Table 32: USA Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2012 through 2019
Table 33: USA 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 34: USA Current & Future Analysis for In-Flight Catering
Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 35: USA Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 36: USA 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 37: USA Current & Future Analysis for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 38: USA Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Billion for Years 2012 through 2019
Table 39: USA 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
CANADA
Healthy Rise in Air Passenger Traffic Fuels Market Growth
Annual Air Passenger Traffic (Millions) in Canada: 2010-2018
Market Analytics
Table 40: Canada Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 41: Canada Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 42: Canada 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 43: Canada Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 44: Canada Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 45: Canada 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 46: Canada Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 47: Canada Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 48: Canada 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
JAPAN
Growing Preference for Culture-Specific Meals Sustain Market
Growth
Annual Air Passenger Traffic (Millions) in Japan: 2010-2018
Market Analytics
Table 49: Japan Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 50: Japan Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2012 through 2019
Table 51: Japan 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 52: Japan Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 53: Japan Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 54: Japan 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 55: Japan Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 56: Japan Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Billion for Years 2012 through 2019
Table 57: Japan 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
CHINA
Surging Demand for Air Travel Spurs Growth in Chinese In-Flight
Catering Services
Annual Air Passenger Traffic (Millions) in China: 2010-2018
Rapid Market Development Results in Fierce Competition
Strategies to Drive Growth in China?s In-Flight Catering Market
Reducing Cost of Catering Operations
Local Characteristics, Chinese-Style Catering
Creating Healthy and Safety Atmosphere for Aviation Compound Food
Developing People-Oriented Service with Focus on Tourists
Market Analytics
Table 58: China Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 59: China Historic Review for In-Flight Catering Services
by Aircraft Class – Economy Class, Business Class and First
Class Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2012 through 2019
Table 60: China 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 61: China Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 62: China Historic Review for In-Flight Catering Services
by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 63: China 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 64: China Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 65: China Historic Review for In-Flight Catering Services
by Food Type – Meals, Bakery & Confectionery, Beverages and
Other Food Types Markets – Independent Analysis of Annual Sales
in US$ Billion for Years 2012 through 2019
Table 66: China 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
EUROPE
Growing Demand for New Airplanes to Benefit Market Growth
Annual Air Passenger Traffic (Millions) in Select European
Countries: 2010-2018
Commercial Aircraft Projections in Europe: Breakdown of Fleet
(Units) by Type for 2018 and 2038
European Airlines Offer Buy-On-Board Services
Impact of Reorganized EU VAT System on In-Flight Catering
Services in Europe
Market Analytics
Table 67: Europe Current & Future Analysis for In-Flight
Catering Services by Geographic Region – France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 68: Europe Historic Review for In-Flight Catering
Services by Geographic Region – France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 69: Europe 15-Year Perspective for In-Flight Catering
Services by Geographic Region – Percentage Breakdown of Value
Sales for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2012, 2020 & 2027
Table 70: Europe Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 71: Europe Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 72: Europe 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 73: Europe Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 74: Europe Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 75: Europe 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 76: Europe Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 77: Europe Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 78: Europe 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
FRANCE
Table 79: France Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 80: France Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 81: France 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 82: France Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 83: France Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 84: France 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 85: France Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
Sales in US$ Billion for the Years 2020 through 2027
Table 86: France Historic Review for In-Flight Catering
Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 87: France 15-Year Perspective for In-Flight Catering
Services by Food Type – Percentage Breakdown of Value Sales for
Meals, Bakery & Confectionery, Beverages and Other Food Types
for the Years 2012, 2020 & 2027
GERMANY
Table 88: Germany Current & Future Analysis for In-Flight
Catering Services by Aircraft Class – Economy Class, Business
Class and First Class – Independent Analysis of Annual Sales in
US$ Billion for the Years 2020 through 2027
Table 89: Germany Historic Review for In-Flight Catering
Services by Aircraft Class – Economy Class, Business Class and
First Class Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019
Table 90: Germany 15-Year Perspective for In-Flight Catering
Services by Aircraft Class – Percentage Breakdown of Value
Sales for Economy Class, Business Class and First Class for the
Years 2012, 2020 & 2027
Table 91: Germany Current & Future Analysis for In-Flight
Catering Services by Flight Type – Full Service and Low Cost –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 92: Germany Historic Review for In-Flight Catering
Services by Flight Type – Full Service and Low Cost Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 93: Germany 15-Year Perspective for In-Flight Catering
Services by Flight Type – Percentage Breakdown of Value Sales
for Full Service and Low Cost for the Years 2012, 2020 & 2027
Table 94: Germany Current & Future Analysis for In-Flight
Catering Services by Food Type – Meals, Bakery & Confectionery,
Beverages and Other Food Types – Independent Analysis of Annual
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Artificial Intelligence
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.
The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
“Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
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Artificial Intelligence
J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit
In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.
In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.”
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.
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Artificial Intelligence
Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024
SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.
Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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