Culinary Tourism Market Profiled Key Players to Show Impressive Revenue Growth by 2031

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According to Our latest research report on “Culinary Tourism Market ” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.

The global culinary tourism market was valued at $1,116.7 billion in 2019 and is expected a market value of $1,796.5 billion by 2027, registering a CAGR of 16.8% from 2020 to 2027. Culinary tourism also known as food tourism, is defined as a form of travel in which a tourist visits novel or known places and explores its culture through food and dishes prepared in that region. It may involve a wide variety of activities such as culinary trials, cooking classes, restaurants, food festival, and others. Dining out is very common among tourists and food is often considered an important part of exploration among tourists.

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The growth of culinary tourism is driven by increase in government initiatives to promote tourism. Moreover, rise in affinity of people toward foreign dishes such as Sushi, various forms of prepared meat, snacks and more among others promotes the culinary tourism market growth. However, risk involved in travelling and unpredictable weather conditions are few major challenges to the tourism industry in general, which also affects the culinary tourism market. On the contrary, increase in social media trend of eating out in foreign lands has piqued the interest of tourists all around and has opened avenues for growth for the culinary tourism market.

The market is segmented on the basis of activity type, age group, mode of booking, and region. By activity type, the market has been classified into culinary trials, cooking classes, restaurants, food festivals and others. By age group, it is categorized into Baby Boomers, Generation X, Generation Y, and Generation Z. The Mode of Booking segment includes OTA, traditional agents and direct travel. Based on region, the culinary tourism market is studied across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

– The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019-2027 identify the prevailing culinary tourism opportunities.
– Porter’s five forces analysis highlights the potency of buyers and supplier’s tenable stakeholder’s make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the size and segmentation assists in determining the prevailing market opportunities.
– The major countries in each region are mapped according their revenue contribution the industry.
– The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the culinary tourism industry.

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KEY MARKET SEGMENTATION

The key players in the culinary tourism industry 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, and TourRadar.

– By Activity Type
o Culinary Trials
o Cooking Classes
o Restaurants
o Food Festivals
o Others

– By Age Group
o Baby Boomers
o Generation X
o Generation Y
o Generation Z

– By Mode of Booking
o (OTA) Online Travel Agents
o Traditional Agent
o Direct Travel

– By Region
o North America
– U.S.
– Canada
– Mexico
o Europe
– Germany
– UK
– France
– Italy
– Spain
– Rest of Europe
o Asia-Pacific
– China
– India
– Japan
– ASEAN
– South Korea
– Rest of Asia-Pacific
o LAMEA
– Latin America
– Middle East
– Africa

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Table of Contents:

  1. Introduction and Scope
    1. Definition and Forecast Parameters
    2. Methodology and Forecast Parameters
    3. Information Sources
  2. Latest Trends Summary
    1. Regional Trends
    2. Product Trends
    3. End-Use Trends
    4. Business Trends
  3. Industry Insights
    1. Industry Fragmentation
    2. Industry Landscape
    3. Vendor Matrix
    4. Technological and Innovative Landscape
  4. Market by Region
    1. North America
    2. Latin America
    3. Europe
    4. Asia Pacific
    5. Middle East and Africa
  5. Company Profiles
    1. Company Overview
    2. Financial Elements
    3. Product Landscape
    4. SWOT Analysis
    5. Systematic Outlook

What Are the Key Data Covered in This Market Report?

  • The report may provide data on the current market size, historical data for previous years, and projections for future growth.
  • This data may be presented in terms of revenue, market share, or other relevant metrics.
  • The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
  • This data helps to understand the market dynamics within different segments
  • The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
  • Data on these trends and drivers can provide insights into the factors influencing market growth.
  • The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
  • This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
  • The report may outline the challenges and opportunities faced by market participants. This can include factors such as regulatory hurdles, competitive pressures, and emerging market opportunities.
  • Data on these challenges and opportunities can inform business decisions and strategies.
  • The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
  • Regional data helps to understand market dynamics at a local level.
  • The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
  • This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
  • The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
  • This data helps stakeholders understand the potential growth and opportunities in the market.

Questions & Answers Market Research/Analysis Report Contains to your following:

  • What is the current size of the market and how is it expected to grow in the future?
  • What are the key drivers influencing market growth?
  • What are the major challenges or constraints faced by market participants?
  • What are the emerging trends and opportunities in the market?
  • Who are the major competitors in the market and what is their market share?
  • What are the key customer segments and their preferences within the market?
  • What are the regional or geographic trends and variations within the market?
  • What are the regulatory and legal factors impacting the market?
  • What are the technological advancements or innovations shaping the market?
  • What are the pricing trends and strategies observed in the market?
  • What are the distribution channels and their effectiveness in reaching the target market?

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Posted by: Frodo Baggins

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