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Global Culinary Tourism Market (2019-2023) to Record a CAGR Exceed 9% During the Forecast Period - Driven by the Increase in Integrative Culinary & Cultural Events - ResearchAndMarkets.com

February 13, 2019

DUBLIN--(BUSINESS WIRE)--Feb 13, 2019--The “Global Culinary Tourism Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The culinary tourism market will register a CAGR of over 9% by 2023.

The travel and tourism market, attributed to a large number of individuals shifting their preferences from normal tourism activities to luxury tourism, including culinary tourism.

The popular destinations such as US, the UK, Germany, France, China, Australia, and Spain are witnessing an increasing number of travelers, both domestic and international, from across the world, thus contributing immensely to the growth of the global culinary tourism market. In addition, the developing countries, such as Sri Lanka, India, and Mexico, are also upgrading their tourism infrastructure, which is expected to further augment the market growth during the forecast period.

Increase in integrative culinary and cultural events

One of the strongest factors to support the popularity of culinary tourism is the growing number of local culinary programs introduced at music and arts festivals. Such events offer opportunities to the food service providers and other culinary tourism suppliers to get access to the large customer bases that are attracted to such events. Destination management organizations (DMOs) are also taking note of the growth of different art events and festivals and the role of food in them.

Eliteness quotient attached with luxury travels

Luxury tourism, including culinary tourism, is considered to be an elite part of any lifestyle due to the high cost associated with it. The elite nature of culinary tourism restricts the growth of the global culinary tourism market because many tourists, especially mass tourists, hesitate to spend too much on such trips. This, in turn, affects the global culinary tourism market growth during the forecast period.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

Abercrombie & Kent Classic Journeys G Adventures ITC Travel Group T ELITE

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 06: MARKET SEGMENTATION BY TYPE

Comparison by type Domestic - Market size and forecast 2018-2023 International - Market size and forecast 2018-2023 Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic comparison Europe - Market size and forecast 2018-2023 North America - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 Key leading countries Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

Growing popularity of sustainable and organic culinary tourism Increasing dependence on digital media Focus on data harnessing for personalized guest experience

PART 11: VENDOR LANDSCAPE

Overview Landscape disruption Competitive scenario

PART 12: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors Abercrombie & Kent Classic Journeys G Adventures ITC Travel Group T ELITE

For more information about this report visit https://www.researchandmarkets.com/research/t9wqhz/global_culinary?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190213005399/en/

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Related Topics:Travel and Tourism

KEYWORD:

INDUSTRY KEYWORD: TRAVEL OTHER TRAVEL

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/13/2019 07:57 AM/DISC: 02/13/2019 07:57 AM

http://www.businesswire.com/news/home/20190213005399/en

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