Culinary Tourism Market Clearly on the Rise
The culinary tourism market is projected to increase at a CAGR of 17.45% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests statistics about the market size that will grow by USD 126.28 billion. For exclusive market statistics and other relevant market information, historic (2017 to 2021) and forecast market size (2023 to 2027) - buy the report.
The growing popularity of culinary tourism, growth in integrative culinary and cultural events, and digital media influencing culinary tourism positively are projected as the prominent factors leading to the culinary tourism market share growth. For more such market analysis updates, historic (2017 to 2021), and forecast market size (2023 to 2027) - request for the sample report.
Key Market Driver, Trend, and Challenge
- The rising popularity of culinary tourism is considerably driving market growth.
- Technavio also suggests an emphasis on exploring data for the personalized guest experience will emerge as a primary market trend for growth in the culinary tourism market growth during 2022 to 2027.
- As an emerging market challenge, growing terrorism threats among tourists worldwide may slow down the market growth as per Technavio's report.
- For more detailed information on the market dynamics, historic (2017 to 2021), and forecast market size (2023 to 2027) get the exclusive sample report.
Key Market Vendors
There are a few key vendors operating in the market, mentioned in the report such as:
- G Adventures
- Lindblad Expeditions Holdings Inc
- Gourmet On Tour Ltd.
- Heritage Group
- India Food Tour
- Greaves Travel Ltd
- International Culinary Tours
New Business Opportunities - Market Segments and Key Regions Analysis
As per Technavio's analysis, there are several market segments distribution including a food festival, culinary trails, cooking classes, and others in the digital content market.
Among all these segments, the food festival segment is projected to record the highest market share growth during the forecast period - 2022 to 2027. It first witnessed a gradual growth in the market share of USD 18.35 billion in 2017 and continued to grow significantly by 2021. Considering the geographical regions for market share growth, Europe is projected at the top of the list. 32% of the total market share growth will be originated from Europe by 2027.
Technavio further suggests a significant growth in culinary tourism, especially among leisure and recreational travelers. Germany, France, and the UK are some of the key destinations for culinary tourism in Europe. Furthermore, the growing number of culinary tourists and the easy access to cruising experiences for luxury travel seekers will be some key factors driving the market growth in Europe during the forecast period - 2022 to 2027.
