Culinary Tourism Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70511
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The culinary tourism market has the potential to grow by USD 31.42 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.53%.

This culinary tourism market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (domestic and international) and geography (Europe, North America, APAC, South America, and MEA). The culinary tourism market report also offers information on several market vendors, including Abercrombie & Kent USA LLC, Butterfield & Robinson Inc., Classic Journeys, G Adventures, Gourmet On Tour Ltd., Greaves Travel Ltd., International Culinary Tours, ITC Travel Group Ltd., The Travel Corp., and Topdeck Travel Ltd. among others.

What will the Culinary Tourism Market Size be in 2021?

Culinary-Tourism-Market-Market-Size-2020-2025

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Culinary Tourism Market: Key Drivers and Trends

The increase in integrative culinary and cultural events is notably driving the culinary tourism market growth, although factors such as eliteness quotient attached with luxury travels may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the culinary tourism market industry get your FREE report sample now.

  • The increase in integrative culinary and cultural events is one of the critical factors that will trigger the growth of the global culinary tourism market in the upcoming years.
  • The growing number of local culinary programs introduced at music and arts festivals offers opportunities to food service providers and other culinary tourism suppliers to gain access to a potential customer base.
  • Culinary tourism is gaining popularity among consumers.
  • Destination management organization (DMOs) are taking initiatives to leverage the growth of several art events and festivals to explore the role of food in them.
  • The introduction of food trucks is another factor that will impact market growth.
  • The food trucks provide customers with a broad and trendy selection of local flavors.
  • Many destinations across the globe have started collaborating with local businesses and celebrated native chefs to promote events that primarily focus on different types of culinary offerings.
  • The rise in integrative culinary and cultural events will drive the growth of the global culinary tourism market.

This culinary tourism market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Culinary Tourism Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abercrombie & Kent USA LLC
  • Butterfield & Robinson Inc.
  • Classic Journeys
  • G Adventures
  • Gourmet On Tour Ltd.
  • Greaves Travel Ltd.
  • International Culinary Tours
  • ITC Travel Group Ltd.
  • The Travel Corp.
  • Topdeck Travel Ltd.

 

The culinary tourism market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the culinary tourism market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Culinary Tourism Market?

Culinary-Tourism-Market-Market-Share-by-Region-2020-2025

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31% of the market’s growth will originate from Europe during the forecast period. Germany, France, and the UK are the key markets for culinary tourism in Europe. Market growth in this region will be slower than the growth of the market in other regions.

The increasing number of culinary tourist arrivals and the availability of cruising experiences for luxury travel seekers will facilitate the culinary tourism market growth in Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Culinary Tourism Market?

Culinary-Tourism-Market-Market-Share-by-Type-2020-2025

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The domestic culinary tourism segment dominated the global culinary tourism market in 2020. It will continue its dominance throughout the forecast period as consumers are familiar with the domestic culinary tourism policies and rules and the financial tax imposed is lesser than that of international culinary tourism. The domestic market for culinary tourism is also driven by easy government regulations and lack of currency exchange issues. The growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the culinary tourism market size.

 

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What are the Key Factors Covered in this Culinary Tourism Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive culinary tourism market growth during the next five years
  • Precise estimation of the culinary tourism market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the culinary tourism industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of culinary tourism market vendors

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Culinary Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2021-2025

$ 31.42 billion

Market structure

Fragmented

YoY growth (%)

3.45

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 31%

Key consumer countries

US, China, Germany, France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abercrombie & Kent USA LLC, Butterfield & Robinson Inc., Classic Journeys, G Adventures, Gourmet On Tour Ltd., Greaves Travel Ltd., International Culinary Tours, ITC Travel Group Ltd., The Travel Corp., and Topdeck Travel Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The culinary tourism market growth will increase by $31.42 billion during 2020-2025.
The culinary tourism market is expected to grow at a CAGR of 6.53% during 2020-2025.
Technavio has segmented the culinary tourism market by type (Domestic and International) and geographic (Europe, North America, APAC, South America, and MEA).
Abercrombie & Kent USA LLC, Butterfield & Robinson Inc., Classic Journeys, G Adventures, Gourmet On Tour Ltd., Greaves Travel Ltd., International Culinary Tours, ITC Travel Group Ltd., The Travel Corp., Topdeck Travel Ltd. are a few of the key vendors in the culinary tourism market.
Europe will register the highest growth rate of 31.06% among the other regions. Therefore, the culinary tourism market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the culinary tourism market growth are:
  • Rising preference for culinary tourism
The culinary tourism market vendors should focus on grabbing business opportunities from the domestic segment as it accounted for the largest market share in the base year.
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