The culinary tourism global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Culinary Tourism Market, 2024The culinary tourism global market report 2024
Market Size – The culinary tourism market size has grown rapidly in recent years. It will grow from $800.23 billion in 2023 to $924.8 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to the rise of food-centric television shows, the proliferation of social media food content, increasing global travel and exploration, the growing popularity of local and sustainable food movements, expansion of food festivals and events, increasing interest in cultural and culinary heritage.
The culinary tourism market size is expected to see rapid growth in the next few years. It will grow to $1,658.5 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to increasing disposable income and travel spending, growing interest in experiential travel, the rise of personalized and niche culinary tours, heightened focus on sustainable and ethical food practices, and expansion of food tourism marketing by destinations. Major trends in the forecast period include expanding interest in street food and local delicacies, the popularity of culinary workshops and cooking classes, the integration of culinary tourism with cultural and historical tours, the rise of plant-based and health-focused food tours, and the emergence of digital nomad-friendly culinary destinations.
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Scope Of Culinary Tourism MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Culinary Tourism Market Overview
Market Drivers -The rising number of international travelers is expected to drive the culinary tourism market going forward. International travelers are people who cross national borders for activities such as tourism, business, or education. The increase in international travelers is due to better global connectivity, higher disposable incomes, and an increased interest in diverse experiences. Culinary tourism enriches international travelers’ experiences by allowing them to taste local dishes and gain insights into the culture and traditions of the places they visit. For instance, in February 2024, according to the International Trade Administration, a US-based government resource, the overall number of international visitors to the United States is expected to rise to 77.7 million in 2024, an increase of 10.4 million, or 15.4%, from the 67.3 million visitors recorded in 2023. Therefore, the increasing number of international travelers will drive the culinary tourism market.
Market Trends – Major companies operating in the culinary tourism market are planning programs with world-class and unique dining destinations to enhance the tourist experience by providing accurate navigation to culinary destinations, personalized tour recommendations, and real-time information on local dining options. A program with world-class and unique dining destinations showcases unique restaurants, offering diners distinctive and high-quality culinary experiences. For instance, in November 2023, the West Virginia Department, a US-based government entity, launched a culinary trail. The West Virginia Culinary Trail features top restaurants chosen by the state’s chef ambassadors, encouraging visitors to experience local cuisine. Participants can earn foodie prizes by checking in at these eateries. The trail is updated with new ambassador recommendations, inviting travelers to enjoy both the state’s culinary delights and scenic landscapes.
The culinary tourism market covered in this report is segmented –
1) By Activity: Culinary Trails, Cooking Classes, Restaurants, Food Festivals, Other Activities
2) By Tourist Type: Recreational, Diversionary, Existential, Experimental
3) By Age Group: Baby Boomers, Generation X, Generation Y, Generation Z
4) By Geographic Focus: Local Guidance, National Tours, International Tours
5) By Booking Mode: Online Travel Agencies (OTA), Tour Operators, Direct Travel
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Regional Insights – Asia-Pacific was the largest region in the culinary tourism market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the culinary tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are The Travel Corporation, City Experiences, Abercrombie & Kent USA LLC, Intrepid Travel Pty Ltd, TourRadar GmbH, G Adventures Inc., Viator Inc., Zicasso Inc., Secret Food Tours, Eating Europe Food Tours, Food Tour Corporation, Greaves Travel Ltd, The International Kitchen, Culinary Backstreets, India Food Tour, Classic Journeys LLC, Context Travel, Epicurean Ways LLC, Gourmet on Tour, The FTC4Lobe Group
Table of Contents
1. Executive Summary
2. Culinary Tourism Market Report Structure
3. Culinary Tourism Market Trends And Strategies
4. Culinary Tourism Market – Macro Economic Scenario
5. Culinary Tourism Market Size And Growth
…..
27. Culinary Tourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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