April 19, 2021
According to a research report titled ‘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’, available with Market Study Report, global culinary tourism market was valued at USD 1.1 billion in 2019, and is projected to grow at 16.8% CAGR, reaching a valuation of USD 3.8 billion by the year 2027.
As per report findings, flourishing tourism coupled with positive impact of social media on the travel industry are stimulating global culinary tourism market growth. Social media unwittingly promotes culinary tourism as first-time travelers refer reviews and information posted by tourists on various social networking sites.
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For instance, Condor Ferries reported that Europe recorded 670 million international arrivals in 2017, which rose to 713 million in 2018. Moreover, France has 83 million tourists every year, making the country a leading tourist destination.
For the unversed, culinary tourism is the exploration of different food and dishes prepared in various cultures in a region. Culinary tourism or food tourism includes food festivals, restaurant visits, cooking classes, culinary trials, and others.
However, factors such as political uncertainty, increase in crime rate, and natural calamities are restraining the global culinary tourism market expansion.
Based on type, the industry is arrayed into vacation, food related activities, restaurants, and food & agricultural festivals & events. By tour, domestic and international classifications contribute to industry remuneration. Moving on to distribution channel, global culinary tourism market is split into online, and offline.
On the regional front, North America is holding significant market share currently, due to the presence of a large number of traditional food outlets as well as easily accessible accommodation in the region.
Meanwhile, Asia Pacific is anticipated to develop as a major revenue contributor to worldwide culinary tourism industry while recording highest CAGR during the forecast period 2020-2027.
Key contenders in global culinary tourism market are Abercrombie & Kent USA, G Adventures, India Food Tour, The Travel Corporation, Classic Journeys, ITC Travel Group Limited, Greaves Travel LLC, Topdeck Travel, TourRadar, and The FTC4Lobe Group.