Global Culinary Tourism Market, By Activity Type (Culinary Trials, Cooking Classes, Restaurants, Food Festivals, Others), Age Group (Baby Boomers, Generation X, Generation Y, Generation Z), Mode of Booking (OTA, Traditional Agents, and Direct Travel), Application (Individual Tourism, Group Tourism) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Culinary Tourism Market
The culinary tourism market is expected to be growing at a growth rate of 11.5% in the forecast period of 2021 to 2028 and account to USD 83,611.69 million by 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of culinary tourism market. This rise in culinary tourism market value can be attributed to the various factors such as expansion of business sector and fast increase in variety of travellers across the world is predicted to fuel up the culinary business market. Many travellers set up vacations specifically to possess preparation visits and explore numerous food cultures.
Culinary tourism refers to the pursuit of a novel intake and drinking expertise. This can be a tour within which native cuisines square measure explored by travellers. It connects travellers with native food and beverages. Preparation business is closely associated with heritage and cultural business. Preparation business is most tasty among travellers, attributable to a rise in interest in native food culture, instead of gourmand food. Native cookery provides travellers an on the spot and authentic reference to their destination. They expertise native culture, heritage and folks through food and drink.
The preparation business market growth will be attributed to rise in instances of individuals choosing distinctive and exotic vacation destinations, to urge far away from the daily feverish schedule and gain valuable experiences. Moreover, rise in exposure of individuals to completely different kinds of social media has increased their data concerning varied trends shaping the business trade.
Increase in use of on-line analysis and rise in quality of TV channels and different diversion sources such as YouTube change of state channels, travel and manner channels square measure encouraging viewers to travel in bound destinations and take a look at their native or ancient food also drives the culinary tourism market growth. Additionally, celebrity chefs, actors, and media endorsement for tour and travel are among the foremost reasons for the growth of the culinary tourism market. Moreover, rise in quality of seasonal and pageant tours drives the culinary tourism market across the world.
However, political unrest and terrorist act have affected the general volume of foreign visits and selection of destination and square measure the foremost restraining factors for the culinary tourism market.
This culinary tourism market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on culinary tourism market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Culinary Tourism Market Scope and Market Size
The culinary tourism market is segmented on the basis of activity type, mode of booking, age group and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of activity type, the culinary tourism market has been segmented into culinary trials, cooking classes, restaurants, food festivals, and others.
- On the basis of age group, the culinary tourism market is segmented into baby boomers, generation X, generation Y, and generation Z.
- On the basis of mode of booking the culinary tourism market is segmented into OTA, traditional agents, and direct travel.
- On the basis of application, the culinary tourism market is segmented into individual tourism, and group tourism.
Culinary Tourism Market Country Level Analysis
The culinary tourism market is analyzed and market size insights and trends are provided by country, activity type, mode of booking, age group and application as referenced above.
The countries covered in the culinary tourism market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominate the culinary tourism market and will continue to excel its trend of dominance during the forecast period owing to the growing client preference to go to the country facet that has enlarged world sales of culinary tourism commercial enterprise. North America will register the highest growth rate over the forecast period of 2021 to 2028 due to an outsized variety of ancient food retailers and simple convenience of accommodation.
The country section of the culinary tourism market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Culinary Tourism Market Share Analysis
The culinary tourism market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to culinary tourism market.
The major players operating in the culinary tourism market report are Abercrombie & Kent USA, LLC, Classic Journeys llc, G Adventures, Greaves Travel, India Food Tour, ITC Travel Group Limited, The FTC4Lobe Group, The Travel Corporation, Top deck Travel, and Tour Radar among others. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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