Global Culinary Tourism Market Overview:
The latest report published by IMARC Group, titled “Culinary Tourism Market: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global culinary tourism market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global culinary tourism market reached a value of US$ 696.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,796.5 Billion by 2027, exhibiting at a CAGR of 17.4% during 2022-2027.
Culinary tourism refers to the form of travel that involves visiting new or tourist locations to learn more about the local culture through food and authentic dishes. It is closely related to heritage and culture that involves various activities, including culinary trails, food festivals, cooking classes, guided food trips, and farm weekends. Moreover, culinary tourism is gaining traction as it escalates the demand for regional foods and beverages, rises social and cultural awareness, strengthens the bond between people and food, and generates fond memories for the tourists.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Global Culinary Tourism Market Trends:
The market is primarily driven by the growing tourism and hospitality industries across the globe. In addition, the growing influence of social media platforms is contributing to the market growth as food and travel bloggers are getting more involved in culinary tourism activities.
Besides this, owing to the hectic schedules and busy lifestyles, individuals prefer to visit private, serene, and exotic locations with a strong food culture to break the monotony and gain authentic experiences. Moreover, the availability of convenient and budget-friendly traveling and accommodation facilities are positively influencing the market growth.
Apart from this, the market is highly favored by various technological advancements, including the emergence of artificial intelligence (AI), cloud computing, and big data solutions to monitor consumers’ preferences. Furthermore, the implementation of beneficial government policies promoting culinary tourism and rising expenditure capacities of the consumers are some of the other factors anticipated to propel the market growth.
Global Culinary Tourism Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- Abercrombie & Kent Group of Companies S.A.
- Butterfield and Robinson Inc.
- Classic Journeys LLC
- G Adventures
- Gourmet On Tour Ltd.
- Greaves Travel L.L.C.
- International Culinary Tours
- ITC Travel Group Limited
- The Ftc4Lobe Group
- Topdeck Travel Limited
Breakup by Activity Type:
- Culinary Trials
- Cooking Classes
- Food Festivals and Events
By Tour Type:
Breakup by Age Group:
Baby Boomers, Generation X, Generation Y, Generation Z
By Mode of Booking:
- Online Travel Agents
- Traditional Agents
- Direct Booking
Market by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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