Millennials is expected to remain the largest segment in the global gastronomy/food tourism market


Posted August 6, 2022 by Lucintel

Millennials is expected to remain the largest segment in the global gastronomy/food tourism market
 
An exciting new study from the team of Lucintel found that gastronomy/food tourism market is expected to reach $XX billion by 2027 with a CAGR of 8% to 10%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The gastronomy/food tourism market is segmented based on gastronomic activity, marketing activity, tourist category, and region. In this market, millennials is expected to remain the largest tourist category. Players can benefit from the available opportunities like 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.
Art of cooking, tasting, or eating good food, and increase in the internet penetration around the globe are emerging trends having impact on dynamics of the industry.
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 some of the major players profiled in this 150 page report.
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Some of the Key Questions answered in this exclusive report are:
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 What are the business risks and threats to the gastronomy/food tourism market?
Q.4 What are some changing demands of customers in the gastronomy/food tourism market?
Q.5 What are the new developments in the gastronomy/food tourism market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this gastronomy/food tourism area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this gastronomy/food tourism market?
This unique report from Lucintel 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 [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It 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.
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Contact Email [email protected]
Issued By Lucintel
Country American Samoa
Categories Business
Last Updated August 6, 2022