Consumer & Retail

According to a new market report by Lucintel, the future of the gastronomy/food tourism market looks promising with opportunities in food guides, brochures, websites, blogs, events, publicity, and other markets. The global gastronomy/food tourism market is expected to grow with a CAGR of 8% to 10% from 2022 to 2027. The major drivers for this market are an increase in the number of food enthusiast who are dedicated to travel places to have gist of regional cuisines, food, or drinks, increase in per capita income, and rise in awareness through various media channels.

In this market, millennials, baby boomers, Gen X, and Gen Z are the major tourist categories. On the basis of its comprehensive research, Lucintel forecasts that millennials will remain the largest segment over the forecast period due to the kind of population which is the trend setter in various macro-economic sectors around the global and food sector.

APAC will remain the largest region due to the easy accessibility of information on various factors for the customer, active, curious, and adventurous with positive outlook on indulging and experience various regional cuisine, and have gist of their respective culture and theme.

Emerging trends, which have a direct impact on the dynamics of the industry, include art of cooking, tasting, or eating good food, and increase in the internet penetration around the globe. 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 Tour Radar are the major suppliers in the global gastronomy/food tourism market.  

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global gastronomy/food tourism market by gastronomic activity, marketing activity, tourist category, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Gastronomy/Food Tourism Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global gastronomy/food tourism market by gastronomic activity, marketing activity, tourist category, and region as follows:

























This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/gastronomy-food-tourism-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the gastronomy/food tourism market by gastronomic activity (food tours, visits to markets and food producers, food fairs, food events, museums, cookery workshops, and others), marketing activity (food guides, brochures, websites, blogs, events, publicity, and others), tourist category (millennials, baby boomers, Gen X, and Gen Z) and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?