The global culinary tourism market is estimated to top nearly US$ 977.3 Bn in 2022 and is projected to reach US$ 4,530.9 Bn by 2032 at a CAGR of 16.6% over 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.
Another factor driving demand in the culinary tourism market is the spread of social media and advertising of distinctive food and beverage experiences. As a result, Gen-Zers and baby boomers are quickly becoming the most important target demographic. Increased viewership of food programmes on television and online streaming services is also fueling market demand.
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Key Takeaways from the Culinary Tourism Market Study
- Europe dominated the culinary tourism market and held the largest revenue share of in 2021.France, Germany and U.K. are expected to lead the culinary tourism market in Europe.
- In terms of booking channel, online travel agents segment is estimated to account for the highest value share in the culinary tourism market.
- In terms of activity type, food festival segment leads in terms of market share as food-festival events have become trend-setters in the culinary world.
- In terms of tourist type, domestic segment dominated the culinary tourism market in 2021, as travellers are more familiar with the rules, laws and tax policies pertaining in their region.
“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.
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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.
Global Culinary Tourism Market by Category
By Activity Type:
- Culinary Trials
- Cooking Classes
- Restaurants
- Food Festival
- Others
By Booking Channel:
- (OTA) Online Travel Agents
- Traditional Agents
- Direct Booking
By Tourists Type:
- Domestic
- International
By Tour Type:
- Independent Traveler
- Tour Groups
- Package Traveler
By Consumer Orientation:
- Men
- Women
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46- 55 Years
- 66-75 Years
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