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Global Culinary Tourism Market to reach USD 3.8 billion by 2027.

Global Culinary Tourism Market Size study, by Type (Food Related Activities, Vacation, Restaurants and Food and Agricultural Festivals & Events), by Tour (Domestic and International), by Distribution Channel (Online and Offline) and Regional Forecasts 2020-2027

Product Code: OIRTAT_19232530
Publish Date: 11-10-2020
Page: 200

Global Culinary Tourism Market is valued approximately at USD 1.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.8% over the forecast period 2020-2027. Culinary tourism or food tourism is the exploration of culture through food and dishes prepared in that region as dinning out is very common and can be considered as an important part among tourists. Culinary tourism involves cooking classes, food festival, culinary trials, restaurants, and others. The social media acts as a pseudo-travel agent as customers refer reviews and insights detailed on various social networking sites, which are posted by the people who have either stayed or traveled there before. Thus rising tourism and rise in positive impact of social media on travel industry are the few factors responsible for growth of the market over the forecast period. According to Condor Ferries report, in Europe the international arrivals was 670 million in 2017 and has risen by 713 million in 2018. Also, it furthers states that 83 million tourists visit France every year which in result makes the country a leading tourist’s destination in the world. The G Adventures offered one day journey for U.S. travelers in Boston on 26/09/2020 and 03/10/2020. Whereas, increase in crime rate, political uncertainty, and natural calamities is the major factor restraining the growth of global Culinary Tourism market during the forecast period.

The regional analysis of global Culinary Tourism market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the presence of a large number of traditional food outlets and easy availability of accommodation. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Abercrombie & Kent USA
Classic Journeys
G Adventures
Greaves Travel
India Food Tour
ITC Travel Group Limited
The FTC4Lobe Group
The Travel Corporation
Topdeck Travel
Tour Radar

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Type:
Food Related Activities
Vacation
Restaurants
Food and Agricultural Festivals & Events

by Tour:
Domestic
International

By Distribution Channel:
Online
Offline

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Culinary Tourism Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Culinary Tourism Market, by Region, 2018-2027 (USD Billion)
1.2.2. Culinary Tourism Market, by Type, 2018-2027 (USD Billion)
1.2.3. Culinary Tourism Market, by Tour, 2018-2027 (USD Billion)
1.2.4. Culinary Tourism Market, by Distribution Channel, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Culinary Tourism Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Culinary Tourism Market Dynamics
3.1. Culinary Tourism Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Culinary Tourism Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Culinary Tourism Market, by Type
5.1. Market Snapshot
5.2. Global Culinary Tourism Market by Type, Performance – Potential Analysis
5.3. Global Culinary Tourism Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Culinary Tourism Market, Sub Segment Analysis
5.4.1. Food Related Activities
5.4.2. Vacation
5.4.3. Restaurants
5.4.4. Food and Agricultural Festivals & Events
Chapter 6. Global Culinary Tourism Market, by Tour
6.1. Market Snapshot
6.2. Global Culinary Tourism Market by Tour, Performance – Potential Analysis
6.3. Global Culinary Tourism Market Estimates & Forecasts by Tour 2017-2027 (USD Billion)
6.4. Culinary Tourism Market, Sub Segment Analysis
6.4.1. Domestic
6.4.2. International
Chapter 7. Global Culinary Tourism Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Culinary Tourism Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Culinary Tourism Market Estimates & Forecasts by Distribution Channel 2017-2027 (USD Billion)
7.4. Culinary Tourism Market, Sub Segment Analysis
7.4.1. Online
7.4.2. Offline
Chapter 8. Global Culinary Tourism Market, Regional Analysis
8.1. Culinary Tourism Market, Regional Market Snapshot
8.2. North America Culinary Tourism Market
8.2.1.1. U.S. Culinary Tourism Market
8.2.1.2. Type breakdown estimates & forecasts, 2017-2027
8.2.1.3. Tour breakdown estimates & forecasts, 2017-2027
8.2.1.4. Distribution Channel breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Culinary Tourism Market
8.3. Europe Culinary Tourism Market Snapshot
8.3.1. U.K. Culinary Tourism Market
8.3.2. Germany Culinary Tourism Market
8.3.3. France Culinary Tourism Market
8.3.4. Spain Culinary Tourism Market
8.3.5. Italy Culinary Tourism Market
8.3.6. Rest of Europe Culinary Tourism Market
8.4. Asia-Pacific Culinary Tourism Market Snapshot
8.4.1. China Culinary Tourism Market
8.4.2. India Culinary Tourism Market
8.4.3. Japan Culinary Tourism Market
8.4.4. Australia Culinary Tourism Market
8.4.5. South Korea Culinary Tourism Market
8.4.6. Rest of Asia Pacific Culinary Tourism Market
8.5. Latin America Culinary Tourism Market Snapshot
8.5.1. Brazil Culinary Tourism Market
8.5.2. Mexico Culinary Tourism Market
8.6. Rest of The World Culinary Tourism Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Abercrombie & Kent USA
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Classic Journeys
9.2.3. G Adventures
9.2.4. Greaves Travel
9.2.5. India Food Tour
9.2.6. ITC Travel Group Limited
9.2.7. The FTC4Lobe Group
9.2.8. The Travel Corporation
9.2.9. Topdeck Travel
9.2.10. Tour Radar
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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