Global Food Tourism Market Growth (Status and Outlook) 2024-2030

Global Food Tourism Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Food Tourism market size was valued at US$ million in 2023. With growing demand in downstream market, the Food Tourism is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.

The research report highlights the growth potential of the global Food Tourism market. Food Tourism are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Food Tourism. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Food Tourism market.

Food Tourism is the exploration of food as the purpose of tourism. It is now considered a vital component of the tourism experience. Dining out is common among tourists and "food is believed to rank alongside climate, accommodation, and scenery" in importance to tourists.In case of gastronomy tourism, the tourist visits different places to appreciate, consume various food and beverages from various places.gastronomy tourism has emerged from more than just tasting local cuisines. It has evolved to the phase where it combines various cultural practices and revealing the ethical and sustainable values of the territory, the landscape, the sea, local history, values, and culture heritage. This intangible cultural heritage differs from place to place where service providers make efforts on representing the same through various gastronomical factors. This makes gastronomy tourism attractive making its customers curious and tending to explore various places around the globe for the same.

In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.

Key Features:

The report on Food Tourism market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Food Tourism market. It may include historical data, market segmentation by Type (e.g., Gourmet Tour, Visit Markets and Food Producers), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Food Tourism market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Food Tourism market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Food Tourism industry. This include advancements in Food Tourism technology, Food Tourism new entrants, Food Tourism new investment, and other innovations that are shaping the future of Food Tourism.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Food Tourism market. It includes factors influencing customer ' purchasing decisions, preferences for Food Tourism product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Food Tourism market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Food Tourism market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Food Tourism market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Food Tourism industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Food Tourism market.

Market Segmentation:

Food Tourism market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Gourmet Tour
Visit Markets and Food Producers
Food Fair
Food Activities
Gourmet Museum
Cooking Class

Segmentation by application
Solo
Group
Family
Couples
Enterprise

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abercrombie & Kent
Classic Journeys
G Adventures
ITC Travel Group
TU Elite

Please note: The report will take approximately 2 business days to prepare and deliver.