PUBLISHER: Grand View Research | PRODUCT CODE: 1406008
PUBLISHER: Grand View Research | PRODUCT CODE: 1406008
The global culinary tourism market size is anticipated to reach USD 40.53 billion by 2030 and is anticipated to grow at a CAGR of 19.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Consumption of different types of food and beverage from various destination has been an ongoing trend, which is shifting in parallel with the changing consumer preferences, rising globalization, and development in technologies.
Due to rapid change in consumption habits, there has been increase in innovation of new food cuisines resulting in fusion and molecular dishes across the globe. However, many tourists prefer to consume food and beverages of the local region to gain an understanding and knowledge of the destination's culture, heritage, and eating styles. Ethnic food constitutes one of the most crucial travel cuisines that attracts the attention of travelers to any place.
Regions exhibit food festivals as an activity for the tourists to participate in tasting various food dishes famous in that particular region. U.S. provides an exceptional range of food dishes, from the iconic New York-style pizza to BBQ specialties, offering an incredible gastronomic adventure. The city features various food tours, including pizza tours, dessert tours, BBQ tours, and gourmet walks, catering to the diverse tastes of food enthusiasts. The New York City Wine & Food Festival is arranged mostly in October every year, bringing together numerous celebrity chefs with display of high-quality wines from the finest wineries nearby.
Culinary tourism is one of the most trending forms among travelers in North America. According to the World Travel & Tourism Council Report 2022, North America contributed significantly to the world's Travel and Tourism GDP; there was a positive change of 22.3% in the GDP of 2021 compared to 2020.
This change can be attributed to an increasing number of travelers, especially millennials, looking to change the way they explore new places and gain unique experiences. Exploring spiritualism, culinary, camping/glamping experiences, and even a private vacation with family and friends has emerged as a popular trend.