Culinary Tourism Market is projected to reach US$ 4,530.9 Billion by 2032 at a CAGR of 16.6% from 2022-2032
Posted by ankush Nikam on September 26th, 2022
According to Future Market Insights (FMI), the culinary tourism market is expected to grow at a CAGR of ~16.6% during the forecast period of 2022 and 2032. Travelers are rethinking the consequences of their consumption, and vegans, vegetarians, and flexitarians are gaining immense traction in food tourism.
Vegetarian and vegan tourists are searching on the internet and other sources for vegetarian and vegan-friendly options. They are willing to try new things and meet new people who are likeminded.
In addition to this, penetration of social media and promotion of unique food and beverage experiences is another factor propelling the demand in the culinary tourism market. Hence, Gen-Zs and baby boomers are rapidly becoming the most important target group. Increased attention to food programmes, both on TV and on online streaming services, is also fuelling the demand in the market.
Key Takeaways from the Culinary Tourism Market Study
“Regions are embracing their culinary history and are incorporating gastronomy in their tourism offerings. Further, countries with rich culinary traditions are focusing on the development of culinary tourism and providing incentives for local businesses to invest in this tourism segment.” says an FMI analyst.
Who is winning?
The players operating in the global culinary tourism industry have adopted various developmental strategies to expand their market share, exploit the culinary tourism market opportunities, and increase profitability in the market. Major players present in the culinary tourism market are Abercrombie & Kent USA, LLC, Classic Journeys, LLC, G Adventures, Greaves Travel Ltd, India Food Tour, ITC Travel Group Limited, The FTC4Lobe Group, Topdeck Travel [Flight Centre (Uk) Limited)], The Travel Corporation, Gourmeton Tour Culinary Adventures, International Culinary Tours, and Butterfield & Robinson Inc. among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global culinary tourism publishers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Culinary tourism market based on the activity type (culinary trials, cooking classes, restaurants, food festivals, and others ), booking channel (online travel agents, traditional agents, direct bookings), tourists type (domestic and international), tour type (independent traveler, tour group and package travelers), consumer orientation (men and women), age group (15-25 years, 26-35 years, 36-45 years, 46-55 years and 66-75 years) across seven major regions.
Global Culinary Tourism Market by Category
By Activity Type:
By Booking Channel:
By Tourists Type:
By Tour Type:
By Consumer Orientation:
By Age Group:
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Mn) and Forecast (2022-2032)
2.2. Number of Culinary Tourists (Mn) and Forecast (2022-2032)
2.3. Total Spending Y-o-Y Growth Projections (2022-2032)
2.4. Number of Culinary Tourists Y-o-Y Growth Projections
3. Global Tourism Industry Analysis
3.1. Tourism Industry Overview
3.1.1. Travel & Tourism Industry Contribution To Global GDP
126.96.36.199. Business Spending v/s Leisure Spending
188.8.131.52. Domestic v/s Foreign
184.108.40.206. Direct, Indirect, and Induced
3.1.2. Travel Sector Contribution To Global Overall Employment
3.1.3. Travel & Tourism Growth Rate
3.1.4. Foreign Visitor Exports As Percentage of Total Exports
3.1.5. Capital Investment In Travel & Tourism Industry
3.1.6. Different Components of Travel & Tourism
3.1.7. Global Tourism Industry Outlook
220.127.116.11. Cultural Tourism
18.104.22.168. Culinary Tourism
22.214.171.124. Eco/Sustainable Tourism
126.96.36.199. Sports Tourism
188.8.131.52. Spiritual Tourism
184.108.40.206. Wellness Tourism
4. Philippines Culinary Tourism Industry Analysis 2020
4.1. Popular Food Destinations In Philippines
4.2. Region-wise Tourists Food Preferences In Philippines
4.3. Others(during course study)
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About the Authorankush Nikam
Joined: December 21st, 2016
Articles Posted: 4,519
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