Culinary Tourism Market Primed to Grow by $31.42B by 2025

The culinary tourism market is expected to grow by $31.42 billion at a compound annual growth rate of 6.53 percent through 2025, according to a report from Technavio. The rising preference for culinary tourism is notably driving market growth.

The market is segmented by type (domestic and international) and geography (Europe, North America, APAC, South America and MEA).

Europe will account for 31 percent of market growth. The major markets in Europe are Germany, France and the United Kingdom. This region’s market will grow more slowly than the markets in any other region.

Over the forecast period, the expansion of the market in Europe would be aided by the rising number of culinary tourists visiting the continent and the accessibility of luxury cruise experiences.

The domestic segment will significantly increase its market share. In 2020, the domestic industry will control the global market. Due to consumer familiarity with domestic culinary tourism policies and regulations and the lower financial tax imposed compared to overseas culinary tourism, it will maintain its dominance during the projection period.

Government laws that are simple and there aren’t any problems with currency exchange drive the domestic market for culinary tourism. During the anticipated period, the market sector is anticipated to increase significantly.

The five major culinary tourism companies, according to Technavio, are:

• Abercrombie & Kent USA LLC, which offers small-group journeys, luxury tailor made travel, luxury expedition cruises and private jet journeys.
• Butterfield & Robinson Inc., which offers private travel, scheduled trips, biking, walking, hiking and others.
• Classic Journeys, which offers domestic and international walking tours, culinary trips, multisport vacations, solo and family
• Gourmet On Tour Ltd., which offers food and wine lovers hands-on cooking courses, private wine tours and culinary adventures.
• Greaves Travel Ltd., which offers luxury India holidays and bespoke travel in Bhutan, Sri Lanka and Nepal.

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