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Luxury Foods market by Type (Veg Food, Seafood, Meat, Pork and Poultry, Others) by Venue (Hotels, Restaurants & Cafe (HoReCa), Catering, Others): Global Industry Size, Share, Statistics and Forecast 2015 – 2027

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Luxury Foods Market Analysis

Who wouldn’t enjoy luxury delicacies bursting with flavor and taste? People have become more aware of different cultures and cuisines, followed by a curiosity to try something new to expand their palettes. This has been helping the food industry boom a lot. It’s only growing bigger and bigger, considering how people have become more open to giving new, more luxurious cuisines a chance.

Luxury Foods market

The food industry is developing even further as it doesn’t run out of business that easily. Of course, that only happens when a restaurant doesn’t deliver top-notch quality and eventually fails to impress its crowd. However, most restaurants are well-researched on what their customers want and hire renowned chefs to give their audience what they’re coming for – food!

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The global Luxury Foods market was valued at around USD 267.85 billion in 2020, with a decline of over 29.42% owing to COVID 19 pandemic and its subsequences. However, the demand has been recovering rapidly, and in the light of rapid vaccination worldwide, it’s expected to restore to per COVID 19 level soon. As a result, the global Luxury Foods market is projected to become a half-trillion-dollar industry in 2027. The global Luxury Foods market is likely to post a CAGR of over 7.5% during the forecast period.

Interesting Facts about Luxury Foods Industry

  • Seafood is considered to be the most luxury food
  • Oysters, Bluefin Tuna, Caviar, etc. are the most elegant and expensive seafood
  • Europe held over 35% share in Luxury Foods
  • HoReCa is the largest segment in Luxury Foods
  • 18% of the income is spent on food and beverage by households

Essential Foods in the Luxury Food Market

When we talk about luxury food, we don’t mean mac n cheese and your everyday pizza. They’re scrumptious, too, for sure. But when we add the term “luxury” in front of the word food, we mean delicacies that aren’t everyone’s everyday TV dinner. These delicacies include Sushi, Caviar, Foie Grass, Buttered Lobsters, Gourmet Lasagna, etc.

Food items such as these dominate the food market, with more people wanting to try these things out. Also, they’re mainly called luxury foods because of how expensive they are. Caviar won’t be served to you for any less than $300. More restaurants are becoming aware of making their menus more luxurious and adding such food items to their list. They aren’t just serving them as main courses but also infusing them into other dishes. A smart move, for example, serving a simple seafood salad called Ceviche as an appetizer increases the sophistication level of the restaurant along with the price.

Increasing Expenditure on F&B

One of the major reasons the luxury food industry is booming so much is the increase in people’s disposable incomes. The more people earn, the more they spend on food. It’s all psychology; people work so hard to make their money – treating themselves to luxury dining is a way of rewarding themselves. Also, since they earn well, traveling to foreign countries also becomes easy for them. They explore different countries and their foods and come back raving about how good a certain dish in Paris was. Traveling frequently also increases their awareness of all kinds of luxurious food.

More so, the food blogging culture has also taken over. People are now pursuing food blogging as a good career where they explore different restaurants daily and post on their social media platforms about how good, or bad the food is. Food bloggers are highly looked up to for knowing which restaurant to try, which is helping the food industry quite a bit.

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COVID 19 Pandemic had a Negative Impact on Luxury Food Market

One major restraint that affected the luxury foods market was Corona Virus. The Pandemic shut down every business, including hotels, cafes, bakeries, and restaurants. Luxury eateries had surely taken a hit, mainly because it was sudden. However, with the Pandemic slowing down, gourmet restaurants are slowly opening up again worldwide, and the food industry is expected to grow in the upcoming months.

Restaurant Guy Savoy, Ithaa Undersea Restaurant, Bob Bob Ricard, Le Louis XV-Alain Ducasse à l’Hôtel de Paris, The French Laundry, Maison Pic, Per Se, Restaurant de l’Hôtel de Ville de Crissier, Masa, Eleven Madison Park and Jules Verne are some of the most prominent players in global Luxury Food Industry.

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

 

2. Executive Summary

2.1. Market Snapshot: Global Luxury Foods Market

 

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Luxury Foods Market Value, 2015-2027, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2020

3.3.1. Type

3.3.2. Venue

3.3.3. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

 

4. Market Positioning of Key Players, 2020

4.1. Company market share of key players, 2020

4.2. Top 6 Players

4.3. Top 3 Players

4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Luxury Foods Market Pre Vs Post COVID 19, 2019 – 2027

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

 

6. North America

6.1. North America Luxury Foods Market, by Country, 2015-2027(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Luxury Foods Market, by End-user, 2015-2027(US$ Bn)

6.2.1. Overview

6.2.2. Veg Food

6.2.3. Seafood

6.2.4. Meat, Pork and Poultry

6.2.5. Others

6.3. North America Luxury Foods Market, by Venue, 2015-2027(US$ Bn)

6.3.1. Overview

6.3.2. Hotels, Restaurants & Cafe (HoReCa)

6.3.3. Catering

6.3.4. Others

 

7. Europe

7.1. Europe Luxury Foods Market, by Country, 2015-2027(US$ Bn)

7.1.1. UK

7.1.2. France

7.1.3. Germany

7.1.4. Italy

7.1.5. Russia

7.1.6. Spain

7.1.7. Belgium

7.1.8. Netherland

7.1.9. Austria

7.1.10. Sweden

7.1.11. Poland

7.1.12. Denmark

7.1.13. Switzerland

7.1.14. Rest of Europe

7.2. Europe Luxury Foods Market, by End-user, 2015-2027(US$ Bn)

7.2.1. Overview

7.2.2. Veg Food

7.2.3. Seafood

7.2.4. Meat, Pork and Poultry

7.2.5. Others

7.3. Europe Luxury Foods Market, by Venue, 2015-2027(US$ Bn)

7.3.1. Overview

7.3.2. Hotels, Restaurants & Cafe (HoReCa)

7.3.3. Catering

7.3.4. Others

 

8. Asia Pacific

8.1. Asia Pacific Luxury Foods Market, by Country, 2015-2027(US$ Bn)

8.1.1. China

8.1.2. Japan

8.1.3. South Korea

8.1.4. India

8.1.5. Australia

8.1.6. New Zealand

8.1.7. Taiwan

8.1.8. Southeast Asia

8.1.9. Central Asia

8.1.10. Rest of Asia Pacific

8.2. Asia Pacific Luxury Foods Market, by End-user, 2015-2027(US$ Bn)

8.2.1. Overview

8.2.2. Veg Food

8.2.3. Seafood

8.2.4. Meat, Pork and Poultry

8.2.5. Others

8.3. Asia Pacific Luxury Foods Market, by Venue, 2015-2027(US$ Bn)

8.3.1. Overview

8.3.2. Hotels, Restaurants & Cafe (HoReCa)

8.3.3. Catering

8.3.4. Others

 

9. Latin America

9.1. Latin America Luxury Foods Market, by Country, 2015-2027(US$ Bn)

9.1.1. Brazil

9.1.2. Argentina

9.1.3. Peru

9.1.4. Chile

9.1.5. Colombia

9.1.6. Rest of Latin America

9.2. Latin America Luxury Foods Market, by End-user, 2015-2027(US$ Bn)

9.2.1. Overview

9.2.2. Veg Food

9.2.3. Seafood

9.2.4. Meat, Pork and Poultry

9.2.5. Others

9.3. Latin America Luxury Foods Market, by Venue, 2015-2027(US$ Bn)

9.3.1. Overview

9.3.2. Hotels, Restaurants & Cafe (HoReCa)

9.3.3. Catering

9.3.4. Others

 

10. Middle East

10.1. Middle East Luxury Foods Market, by Country, 2015-2027(US$ Bn)

10.1.1. UAE

10.1.2. KSA

10.1.3. Israel

10.1.4. Turkey

10.1.5. Iran

10.1.6. Rest of Middle East

10.2. Middle East Luxury Foods Market, by End-user, 2015-2027(US$ Bn)

10.2.1. Overview

10.2.2. Veg Food

10.2.3. Seafood

10.2.4. Meat, Pork and Poultry

10.2.5. Others

10.3. Middle East Luxury Foods Market, by Venue, 2015-2027(US$ Bn)

10.3.1. Overview

10.3.2. Hotels, Restaurants & Cafe (HoReCa)

10.3.3. Catering

10.3.4. Others

 

11. Africa

11.1. Africa Luxury Foods Market, by Country, 2015-2027(US$ Bn)

11.1.1. South Africa

11.1.2. Egypt

11.1.3. Nigeria

11.1.4. Rest of Africa

11.2. Africa Luxury Foods Market, by End-user, 2015-2027(US$ Bn)

11.2.1. Overview

11.2.2. Veg Food

11.2.3. Seafood

11.2.4. Meat, Pork and Poultry

11.2.5. Others

11.3. Africa Luxury Foods Market, by Venue, 2015-2027(US$ Bn)

11.3.1. Overview

11.3.2. Hotels, Restaurants & Cafe (HoReCa)

11.3.3. Catering

11.3.4. Others

 

12. Global

12.1. Global Luxury Foods Market, by Type, 2015-2027(US$ Bn)

12.1.1. Overview

12.1.2. Veg Food

12.1.3. Seafood

12.1.4. Meat, Pork and Poultry

12.1.5. Others

12.2. Global Luxury Foods Market, by Venue, 2015-2027(US$ Bn)

12.2.1. Overview

12.2.2. Hotels, Restaurants & Cafe (HoReCa)

12.2.3. Catering

12.2.4. Others

 

13. Company Profiles

13.1. Restaurant Guy Savoy

13.2. Ithaa Undersea Restaurant

13.3. Bob Bob Ricard

13.4. Le Louis XV-Alain Ducasse à l’Hôtel de Paris

13.5. The French Laundry

13.6. Maison Pic

13.7. Per Se

13.8. Restaurant de l’Hôtel de Ville de Crissier

13.9. Masa

13.10. Eleven Madison Park

13.11. Jules Verne

13.12. Others

 

List of Figures

FIG. 1 Global Luxury Foods Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Luxury Foods Market Segmentation

FIG. 4 Global Luxury Foods Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Luxury Foods Market, by Venue, 2019 (US$ Bn)

FIG. 6 Global Luxury Foods Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Luxury Foods Market Manufacturers, 2019

FIG. 9 Global Luxury Foods Market Value Contribution, By Type, 2020 & 2027 (Value %)

FIG. 10 Global Luxury Foods Market, by Veg Food, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Luxury Foods Market, by Seafood, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Luxury Foods Market, by Meat, Pork and Poultry, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Luxury Foods Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Luxury Foods Market Value Contribution, By Venue, 2020 & 2027 (Value %)

FIG. 15 Global Luxury Foods Market, by Wholesale, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Luxury Foods Market, by Catering, Value, 2015-2027 (US$ Bn)

FIG. 17 U.S. Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 18 Rest of North America Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 19 U.K. Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 20 Germany Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 21 France Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 22 Italy Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 23 Spain Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 24 Russia Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 25 BENELUX Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 26 Poland Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 27 Austria Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 28 Rest of Europe Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 29 Japan Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 30 China Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 31 India Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 32 South Korea Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 33 Australia Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 34 Southeast Asia Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 35 Rest of Asia Pacific Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 36 Middle East & Africa Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 37 South Africa Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 38 Nigeria Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 39 Egypt Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 40 GCC Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 41 Israel Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 42 Latin America Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 43 Brazil Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 44 Argentina Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 45 Colombia Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 46 Peru Luxury Foods Market, 2015-2027 (US$ Bn)

FIG. 47 Chile Luxury Foods Market, 2015-2027 (US$ Bn)

 

List of Tables

TABLE 1 Market Snapshot: Global Luxury Food Market

TABLE 2 Global Luxury Foods Market, by Type, 2015-2027 (US$ Bn)

TABLE 3 Global Luxury Foods Market, by Venue, 2015-2027 (US$ Bn)

TABLE 4 Global Luxury Foods Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Luxury Foods Market, by Type, 2015-2027 (US$ Bn)

TABLE 6 North America Luxury Foods Market, by Venue, 2015-2027 (US$ Bn)

TABLE 7 North America Luxury Foods Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Luxury Foods Market, by Type, 2015-2027 (US$ Bn)

TABLE 9 Europe Luxury Foods Market, by Venue, 2015-2027 (US$ Bn)

TABLE 10 Europe Luxury Foods Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Luxury Foods Market, by Type, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Luxury Foods Market, by Venue, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Luxury Foods Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Luxury Foods Market, by Type, 2015-2027 (US$ Bn)

TABLE 15 Latin America Luxury Foods Market, by Venue, 2015-2027 (US$ Bn)

TABLE 16 Latin America Luxury Foods Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Luxury Foods Market, by Type, 2015-2027 (US$ Bn)

TABLE 18 Middle East Luxury Foods Market, by Venue, 2015-2027 (US$ Bn)

TABLE 19 Middle East Luxury Foods Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Luxury Foods Market, by Type, 2015-2027 (US$ Bn)

TABLE 21 Africa Luxury Foods Market, by Venue, 2015-2027 (US$ Bn)

TABLE 22 Africa Luxury Foods Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Restaurant Guy Savoy: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 24 Ithaa Undersea Restaurant: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 25 Bob Bob Ricard: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 26 Le Louis XV-Alain Ducasse à l’Hôtel de Paris: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 27 The French Laundry: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 28 Maison Pic: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 29 Per Se: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 30 Restaurant de l’Hôtel de Ville de Crissier: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 31 Masa: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 32 Eleven Madison Park: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 33 Jules Verne: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

Frequently Asked Questions:

How COVID 19 Impacted Luxury Foods Market?

Likewise other industries, COVID 19 also taken a toll on Luxury Foods market with around 29.42% decline in 2020 in its revenue as compare to 2019

Which is the leading regional market for Luxury Foods?

Europe is the largest regional market with highest share in the total volume of Luxury Foods consumed in 2020

What is the major growth driving factors for global Luxury Foods market?

Increasing disposable income and growing luxury tourism to drive the demand for luxury food

Which is major segment in Luxury Foods market by type?

Seafood segment dominated the Luxury Foods market in 2020

Which is major segment in Luxury Foods market by distribution channel?

HoReCa was the largest distribution channel of Luxury Foods in 2020

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