Culinary Tourism Market Expected to Reach $1.79 Trillion by 2027

The latest study by Allied Market Research, titled "Culinary Tourism Market by Activity Type, Age Group, and Mode of Booking: Global Opportunity Analysis and Industry Forecast, 2020-2027," offers an in-depth analysis of the global and regional dynamics shaping this rapidly evolving industry. This comprehensive report highlights the competitive landscape, key market segments, value chain analysis, and emerging technological and regulatory trends expected between 2020 and 2027. The report provides actionable insights for business leaders, policymakers, investors, and new market entrants seeking to understand growth opportunities and mitigate risks. It explores strategic frameworks that help organizations leverage market opportunities, adapt to disruptions, and build long-term competitive advantages.

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With a focus on innovation, scalability, and future readiness, this report equips decision-makers with actionable insights, rich visuals, and verified data-driven strategies. The global culinary tourism market size was valued at $1,116.7 billion in 2019, and is projected to reach $1,796.5 billion by 2027, registering a CAGR of 16.8% from 2020 to 2027. The food festival segment was the highest contributor to the market, with $338.6 billion in 2019, and is estimated to reach $560.3 billion by 2027, at a CAGR of 17.2% during the forecast period. Allied Market Research

➤ Report Overview:

Market Size Value (US$ Bn): 2020-2027
CAGR & Year-over-Year Growth: 2020-2027
Historical Data: 2019-2020
Base Year: 2019
Forecast Period: 2020-2027

➤ Market Drivers of Culinary Tourism Market
The growth of the Culinary Tourism Market is primarily driven by rising consumer appetite for unique travel experiences, growing cultural curiosity, and the increasing influence of social media on food and travel preferences. The culinary tourism market growth can be attributed to the rise in instances of people opting for unique and exotic holiday destinations, to get away from the daily hectic schedule and gain valuable experiences. Private, serene, and exotic locations with a prevalent food culture are the major factors that people consider while choosing their travel location. Regions with a large variety of food and drinks that taste unique have been voted as a top preference by travelers. In addition, destinations that are culturally and traditionally intriguing are becoming popular among affluent travelers. Culinary tourism involves exploration or travel to remote exotic areas and indulging in the consumption of various dishes and local food items to get a feel of the location. It includes unique experiences during the vacation, in which travelers interact with local populations and connect with their core values through food. Additionally, rapid expansion of online travel agencies, growing digitalization of tour booking platforms, and the rise of food-focused social media communities are creating new growth avenues, positioning the market for sustained momentum over the forecast period.

➤ Scope of the Culinary Tourism Market:
The Culinary Tourism Market encompasses a fast-evolving ecosystem of activity types, traveler demographics, and booking modes across global destinations. The culinary tourism market is segmented by activity type, age group, and mode of booking. By activity type, the market covers culinary trials, cooking classes, restaurants, food festivals, and others. By age group, it is divided into baby boomers, generation X, generation Y, and generation Z. According to mode of booking, it is bifurcated into OTA, traditional agents, and direct travel. The report also examines regulatory frameworks, ESG trends, innovation pipelines, and investment outlooks, positioning this study as an end-to-end roadmap for stakeholders navigating growth, risk, and transformation.

➤ Following are the Players Analyzed in the Report:

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

➤ Comprehensive Segmentation and Classification of the Report:
By Activity Type:

Culinary Trials
Cooking Classes
Restaurants
Food Festivals
Others

By Age Group:

Baby Boomers
Generation X
Generation Y (Millennials)
Generation Z

By Mode of Booking:

Online Travel Agencies (OTA)
Traditional Agents
Direct Travel

➤ Regional Analysis:
» North America: U.S., Canada, Mexico
» Europe: Germany, UK, France, Russia, Italy, Spain, Rest of Europe
» Asia-Pacific: China, India, Japan, Australia, South Korea, Rest of Asia-Pacific
» LAMEA: Latin America, Middle East, Africa

➤ Highlights of Our Report:

Extensive Market Analysis: A deep dive into the culinary tourism ecosystem, destination offerings, and emerging food-travel innovations within the global Culinary Tourism Market.
Corporate Insights: An in-depth review of company profiles, spotlighting major players and their strategic manoeuvres in the market's competitive arena.
Consumption Trends: A detailed analysis of traveler consumption patterns, offering insight into current demand dynamics and tourist preferences across food festivals, cooking classes, culinary trails, and restaurants.
Segmentation Details: An exhaustive breakdown of traveler segments, depicting the market's spread across various activity types, age groups, and booking modes.
Pricing Evaluation: A study of pricing structures and the elements influencing culinary tourism package pricing strategies.
Future Outlook: Predictive insights into market trends, growth prospects, and potential challenges ahead.

➤ Key Benefits of the Report:

Data-driven insights into trends, opportunities, and challenges from 2020 to 2027
Forecasts of revenue by segment and region
Competitive landscape benchmarking and market share analysis
Regulatory and innovation trend impact assessments
Strategy frameworks (Porter's Five Forces, SWOT, PESTEL)
In-depth analysis of emerging growth strategies and disruptions.

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➤ Key Reasons to Buy:

This report profiles key players in the Culinary Tourism Market based on the following parameters - company details (founding date, headquarters, operational bases), service portfolio, sales data, market share, and ranking.
This market report illustrates key insights about market drivers, restraints, opportunities, market trends, and regional outlook.
This report provides an in-depth analysis of the Culinary Tourism Market and provides market size (US$ Billion) and CAGR for the forecast period (2020-2027), considering 2019 as the base year.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

➤ Key Findings of the Study:

By activity type, the food festival segment was the most prominent segment, accounting for the highest share in 2019, and is expected to continue this trend throughout the forecast period, driven by the growing affinity of tourists for exotic cuisines and drinks and the appeal of experiencing multiple cultural tastes in a relatively short timeframe.

By activity type, the cooking classes segment is expected to experience the fastest growth rate of 17.8% during the forecast period, driven by rising consumer demand for participatory and skill-based culinary immersion experiences.

By age group, the generation Y segment was the dominant segment with the majority of the market share in 2019 and is estimated to remain dominant throughout the forecast period, attributed to millennials being avid travelers who prefer short trips to culturally rich destinations and are motivated by local food and shopping experiences. Skyquestt
The generation Z segment is estimated to grow at a notable growth rate of 17.6% through the forecast period, driven by the surge of digital-native young travelers seeking authentic cultural experiences.

By mode of booking, the OTA segment was the most prominent segment in 2019 and is expected to grow at the highest CAGR of 17.9% through the forecast period, supported by benefits such as easy comparison of packages, user reviews, and digital convenience for tech-savvy travelers.

Asia-Pacific was the most prominent regional market in 2019 and is expected to maintain a high growth rate during the forecast period. North America is also expected to witness steady growth throughout the forecast period, owing to the presence of a large number of traditional food outlets and easy availability of accommodation.

➤ Table of Contents:
Chapter 1: Introduction, market driving force, product objective of study, and research scope of the Culinary Tourism Market
Chapter 2: Exclusive Summary - the basic information of the Culinary Tourism Market
Chapter 3: Displaying the Market Dynamics - Drivers, Trends, Challenges & Opportunities of the Culinary Tourism Market
Chapter 4: Presenting the Culinary Tourism Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, Patent/Trademark Analysis
Chapter 5: Displaying the market by Activity Type, Age Group, Mode of Booking, and Region/Country 2020-2027
Chapter 6: Evaluating the leading operators of the Culinary Tourism Market, which consists of its Competitive Landscape, Peer Group Analysis, Market Positioning & Company Profile
Chapter 7: To evaluate the market by segments, by countries, and by Operators/Company with revenue share and sales by key countries in these various regions (2020-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology, and Data Source

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➤ Key Questions Answered:
(1) Who are the major players operating in the Culinary Tourism Market?
(2) What is the expected market size and CAGR through 2027?
(3) Which segments and geographies will lead growth?
(4) What are the top challenges and growth inhibitors?
(5) How is the competitive landscape evolving?
(6) What are the most effective strategies for entry, expansion, and sustainability?

Key findings of the study

The culinary tourism market was valued at $1,116.7 billion in 2019 and is expected to grow at a CAGR of 16.8% from 2020 to 2027 to reach the market size of $1,796.5 billion in 2027.

Based on activity type, the cooking classes segment would witness the fastest culinary tourism market growth, registering a CAGR of 17.8% during the forecast period.

In 2019, based on activity type, the food festival segment held the highest share, accounting for nearly half of the culinary tourism market.

In 2019, based on the age group, the generation Y segment was the most prominent segment and is expected to grow at a significant CAGR throughout the forecast period.

OTA segment was the dominant segment in 2019, accounting for a considerable share in the culinary tourism market.

Know More- https://www.globenewswire.com/news-release/2020/07/21/2065006/0/en/Global-Culinary-Tourism-Market-to-Reach-1-796-5-Billion-by-2027-AMR.html

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