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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 share is expected to increase by USD 31.42 billion from 2021 to 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 culinary tourism market segmentations 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 During the Forecast Period?

Download the Free Report Sample to Unlock the Culinary Tourism Market Size for the Forecast Period and Other Important Statistics

 

Culinary Tourism Market: Key Drivers, Trends, and Challenges

The rising preference for culinary tourism is notably driving the culinary tourism market growth, although factors such as eliteness quotient attached with luxury travels may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the culinary tourism industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Culinary Tourism Market Driver

The rising preference for culinary tourism is a major factor driving the global culinary tourism market share growth. The travel and tourism market, including culinary tourism, is growing at a significant rate and generated a revenue of $8.60 trillion in 2018. This is attributed to a large number of individuals shifting their preferences from normal tourism activities to luxury tourism, including culinary tourism. The US, the UK, Germany, France, China, Australia, and Spain are some of the popular travel destinations. These countries are expected to witness an increasing number of travelers, both domestic and international, from across the world, which, in turn, is expected to contribute to the growth of the global culinary tourism market during the forecast period. Developing countries, such as Sri Lanka, India, and Mexico, are also upgrading their tourism infrastructure, which is expected to further augment the market growth during the forecast period.

Key Culinary Tourism Market Trend

The increasing dependence on digital media is another factor supporting the global culinary tourism market share growth. Technological advances with respect to Internet access and smartphones have disrupted the overall travel and tourism industry by providing consumers with easy access to the tour operators, and destinations. These innovations are expected to optimize the entire traveling process by making it more convenient to plan, book, and experience a holiday. Web portals, online retailing, and the Internet affordability have tremendously increased the popularity of adventure tourism. The Internet provides consumers with a wide range of essential information and tools in terms of testimonials, including customer reviews. The Internet provides direct access to destination images, videos, reviews, and weather reports, as well as maps and guides. Such huge popularity of online testimonials is expected to garner more attention of customers to plan their culinary tours accordingly, therefore will positively influence the growth of the global culinary tourism market during the forecast period.

Key Culinary Tourism Market Challenge

The eliteness quotient attached with luxury travels will be a major challenge for the global culinary tourism market share growth during the forecast period. Luxury tourism, including culinary tourism, is considered to be an elite part of any lifestyle due to the high cost associated with it. This type of tourism is mostly enjoyed by the affluent sections of society. Most consumers in the developing and developed regions are reluctant to get involved in such types of activities, owing to the high cost involved. The elite nature of culinary tourism restricts the growth of the global culinary tourism market because many tourists, especially mass tourists, hesitate to spend too much on such trips. This, in turn, affects the global culinary tourism market growth during the forecast period.

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. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global culinary tourism market as part of the global hotels, restaurants, and leisure market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the culinary tourism market during the forecast period.

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.

 

This statistical study of the culinary tourism market encompasses successful business strategies deployed by the key vendors. The culinary tourism market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Abercrombie & Kent USA LLC- The company offers small-group journeys, Luxury Tailor Made Travel, Luxury Expedition Cruises, and Private Jet journeys.

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.

The culinary tourism market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Culinary Tourism Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the culinary tourism market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global hotels, restaurants, and leisure market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Culinary Tourism Market?

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

The increasing number of culinary tourist arrivals and the availability of cruising experiences for luxury travel seeker will facilitate the culinary tourism market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 The culinary tourism market witnessed slow growth in 2020 due to the outbreak of the COVID-19 pandemic in the region. European countries such as Italy, France, the Netherlands, Spain, Germany, and the UK have been severely affected by the pandemic. The imposition of social distancing regulations and lockdown restrictions to reduce the spread of COVID-19 canceled or postponed many events, including culinary events in countries across the region. The lockdown imposed across the region resulted in the shutdown of international and domestic flights across the region. The travel restrictions and increasing awareness related to social distancing to combat the spread of infection hampered the growth of the overall culinary tourism market in Europe in 2020. However, the growth of the regional market in focus is expected to recover and be stable during the rest of the forecast period, owing to the growing focus of travel agencies to provide affordable tourism packages, including culinary events; growing urbanization coupled with economic stability; and increasing awareness related to culinary events in countries across the region.

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

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The culinary tourism market share growth by the domestic segment will be significant during the forecast period. 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.

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

 

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 6.53%

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • 2.2 Value chain analysis
      • Exhibit 01: Parent market
      • Exhibit 02: Market characteristics
      • Exhibit 03: Value chain analysis - Hotels, restaurants, and cruise lines

    3 Market Sizing

    • 3.1 Market definition
      • 3.2 Market segment analysis
        • 3.3 Market size 2020
          • Exhibit 04: Offerings of vendors included in the market definition
          • Exhibit 05: Market segments
        • 3.4 Market outlook: Forecast for 2020 - 2025
          • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)

        4 Five Forces Analysis

        • 4.1 Five Forces Analysis
          • 4.2 Bargaining power of buyers
            • Exhibit 08: Five forces analysis 2020 & 2025
          • 4.3 Bargaining power of suppliers
            • Exhibit 09: Bargaining power of buyers
          • 4.4 Threat of new entrants
            • 4.5 Threat of substitutes
              • Exhibit 10: Bargaining power of suppliers
              • Exhibit 11: Threat of new entrants
            • 4.6 Threat of rivalry
              • Exhibit 12: Threat of substitutes
            • 4.7 Market condition

              5 Market Segmentation by Type

              • 5.1 Market segments
                • 5.2 Comparison by Type
                  • 5.3 Domestic - Market size and forecast 2020-2025
                    • Exhibit 15: Type - Market share 2020-2025 (%)
                    • Exhibit 16: Comparison by Type
                  • 5.4 International - Market size and forecast 2020-2025
                    • Exhibit 17: Domestic - Market size and forecast 2020-2025 ($ billion)
                    • Exhibit 18: Domestic - Year-over-year growth 2020-2025 (%)
                  • 5.5 Impact of COVID-19 on type segments of market and recovery from pandemic
                    • Exhibit 19: International - Market size and forecast 2020-2025 ($ billion)
                  • 5.6 Market opportunity by Type
                    • Exhibit 20: International - Year-over-year growth 2020-2025 (%)

                  6 Customer landscape

                  • 6.1 Customer landscape

                    7 Geographic Landscape

                    • 7.1 Geographic segmentation
                      • 7.2 Geographic comparison
                        • Exhibit 23: Market share by geography 2020-2025 (%)
                      • 7.3 Europe - Market size and forecast 2020-2025
                        • Exhibit 24: Geographic comparison
                        • Exhibit 25: Europe - Market size and forecast 2020-2025 ($ billion)
                      • 7.4 North America - Market size and forecast 2020-2025
                        • Exhibit 26: Europe - Year-over-year growth 2020-2025 (%)
                        • Exhibit 27: North America - Market size and forecast 2020-2025 ($ billion)
                      • 7.5 APAC - Market size and forecast 2020-2025
                        • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
                        • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)
                      • 7.6 South America - Market size and forecast 2020-2025
                        • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
                        • Exhibit 31: South America - Market size and forecast 2020-2025 ($ billion)
                      • 7.7 MEA - Market size and forecast 2020-2025
                        • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
                      • 7.8 Key leading countries
                        • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
                      • 7.9 Market opportunity by geography
                        • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
                        • Exhibit 35: Key leading countries

                      8 Drivers, Challenges, and Trends

                      • 8.1 Market drivers
                        • 8.2 Market challenges
                          • 8.3 Market trends
                            • Exhibit 37: Impact of drivers and challenges

                          9 Vendor Landscape

                          • 9.1 Vendor landscape
                            • 9.2 Landscape disruption
                              • Exhibit 38: Vendor landscape

                            10 Vendor Analysis

                            • 10.1 Vendors covered
                              • 10.2 Market positioning of vendors
                                • Exhibit 41: Vendors covered
                              • 10.3 Abercrombie & Kent USA LLC
                                • Exhibit 42: Market positioning of vendors
                              • 10.4 Butterfield & Robinson Inc.
                                • Exhibit 43: Abercrombie & Kent USA LLC - Overview
                                • Exhibit 44: Abercrombie & Kent USA LLC - Product and service
                              • 10.5 Classic Journeys
                                • Exhibit 45: Abercrombie & Kent USA LLC - Key news
                                • Exhibit 46: Abercrombie & Kent USA LLC - Key offerings
                                • Exhibit 47: Butterfield & Robinson Inc. - Overview
                                • Exhibit 48: Butterfield & Robinson Inc. - Product and service
                                • Exhibit 49: Butterfield & Robinson Inc. - Key offerings
                                • Exhibit 50: Classic Journeys - Overview
                                • Exhibit 51: Classic Journeys - Product and service
                                • Exhibit 52: Classic Journeys - Key offerings
                                • Exhibit 53: G Adventures - Overview
                                • Exhibit 54: G Adventures - Product and service
                                • Exhibit 55: G Adventures - Key offerings
                              • 10.6 G

                                97 10.7

                                98 10.8

                                99 10.9

                                100 10.10

                                101 10.11

                                102 10.12

                                103 11.

                                104 11.1

                                105 11.2

                                106 11.3

                                107 11.4

                                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
                                Technavio

                                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
                                Technavio

                                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 market growth will increase by $31.42 billion during 2021-2025.
                                The culinary tourism market market is expected to grow at a CAGR of 6.53% during 2021-2025.
                                Technavio has segmented the culinary tourism market market by type (Domestic and International) and geographic (Europe, North America, APAC, South America, MEA, 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 market.
                                Europe will register the highest growth rate of 31.06% among the other regions. Therefore, the culinary tourism market 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 market growth are:
                                • Rising preference for culinary tourism
                                • Growing popularity of sustainable and organic culinary tourism
                                The culinary tourism market 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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