Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 160.51 Billion | USD 550.65 Billion | 16.66% | 2022 |
FrequentlyAsked Questions
Luxury food is considered as a part of an exclusive and limited experience. Luxury food cannot be specifically defined since its definition and meaning have evolved over the years.
The global luxury foods market is projected to grow owing to the increasing food tourism across the globe.
According to study, the global luxury foods market size was worth around USD 160.51 billion in 2022 and is predicted to grow to around USD 550.65 billion by 2030.
The CAGR value of luxury foods market is expected to be around 16.66% during 2023-2030.
The global luxury foods market is currently dominated by North America.
The global luxury foods market is led by players like Ladurée, Fauchon, Pierre Hermé, Godiva, Dom Pérignon, Valrhona, Kaviari, Fortnum & Mason, Alain Ducasse Chocolat, Teuscher, Beluga Group, Petrossian, Venchi, and Per Se among others.
The report explores crucial aspects of the luxury foods market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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