Agrotourism Industry is Expected to Reach $8.34 Billion by 2032 -Expedia Group, Fareportal, China CYTS Tours Holding, Booking Holdings (Priceline Group), Travel Leaders Group, China Travel, Corporate Travel Management, BCD Group, American Express Global B

The global agritourism market size was valued at USD 6.95 billion in 2021 and is expected to develop at a compound annual growth rate (CAGR) of 12.4% from 2022 to 2032. The market growth is primarily attributed to shifts in farmers' behavior, and the rising inclination towards entrepreneurship around the globe. Moreover, the growing trend of taking a healthy and relaxing holiday on lush green farms, riding a bullock cart, milking a cow, and driving a tractor is significantly accelerating the market growth.
New York, United States : Our team of research specialists at Mr Accuracy Reports has published a stunning report on the Agrotourism Market which incorporates a 360-degree idea on its Supply Chain Analysis during the estimated period of 2022-2028. R&D activities play a very crucial part in the worldwide market as it helps us to figure out its present and future conditions. Besides, in this report, we are promising you to provide all the necessary credentials of the market as well as a 360-degree overview of the diverse ongoing trends prevailing in the overall market environment. Some of the most complex marketing patterns are well explained through illustrated and in-depth graphical presentations like boxes, charts, tables, etc.

Some of the Top companies Influencing this Market include:

Expedia Group, Fareportal, China CYTS Tours Holding, Booking Holdings (Priceline Group), Travel Leaders Group, China Travel, Corporate Travel Management, BCD Group, American Express Global Business Travel (GBT), AAA Travel, Omega World Travel, Ovation Travel Group, Travel and Transport, TUI Group, Frosch, World Travel Inc., AlTour International, World Travel Holdings, JTB Corporation, Direct Travel, Natural Habitat Adventures, Butterfield & Robinson, Abercrombie & Kent Group, InnerAsia Travels

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Agrotourism Market Types:

Event and Recreation Agritourism, Direct-market Agritourism, Experience and Education Agritourism.

Agrotourism Market Applications:

Below 30 Years Old, 30-40 Years Old, 40-50 Years Old, Above 50 Years Old

Activity Insights
The outdoor recreation segment contributed to the largest market share of around 35.0% in 2021 and is expected to expand at a CAGR of 11.0% from 2022 to 2030. The growth of the segment is driven by rising tourist inclination towards sports activities, including hiking, horseback riding, fishing, and hunting, among others. The activities included in outdoor recreation have a lower risk level and thus have become popular among children and millennials, which is expected to accelerate the market growth during the forecast period. Additionally, rising demand for adventure activities and growing inclination towards agritourism among the older age group are the factors expected to further drive the market growth.

Sales Channel Insights
The direct sales segment contributed to the largest market share of around 75% in 2021 and is expected to expand at a CAGR of 11.1% from 2022 to 2030. This is attributed to the huge trips and travel packages offered by the agencies, keeping travelers' budgets and comfort in mind across the globe, which is driving the market growth. Moreover, the increasing number of tourists booking their farm tours and packages through direct sales channels, owing to the convenience and tailored experience, is accelerating the market growth. Furthermore, key initiatives taken by market players such as online campaigns and social media advertising, which are expected to attract prospective customers to initiate their bookings through direct mode, is anticipated to accelerate the market growth

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The most frequently asked, prominent and genuine questions that are collectively answered by Mr Accuracy Reports in the Agrotourism Market report: -
1) What is the overall perspective for worldwide market growth over the forecasted period of 2022-2028?
2) What is meant by a proper Market Evaluation and what are the most suitable processes to conduct it effectively and efficiently?
3) Exactly how will be the overall picture of the worldwide market in the next 7 years along with the value of its CAGR?
4) What are the most upgraded and highly modernized technologies that are currently dominating the market all across the globe and are expected to bring substantial growth opportunities in the future?

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The travel agents segment will register the fastest CAGR of 12.3% from 2022 to 2030. The growth of the segment is driven by the rising hotel bookings, outdoor recreation, entertainment, educational tourism, and other services by people through travel agents, due to reliable transport, personalized service, and exclusivity. Customers are encouraged to purchase their holiday packages through travel agents since they provide quick booking services and a chance to compare different accessible travel alternatives, which is propelling the market growth. Moreover, the increasing middle-class population in developing economies along with rising globalization and disposable income has been driving the market growth during the last few years.

Regional Insights
North America emerged as the largest regional market for agritourism with over 45% share in 2021, owing to rising income levels across the region, an improving business environment in the U.S. and Canada, and government initiatives to promote farm tourism activities. Moreover, the farmers of the region are adopting adjoined business and additional revenue along with their regular farm activities, which is projected to boost market growth during the forecast period. In addition, the U.S. is opening its agro-based companies and farms for visitors and showing them how they oversee production and inviting them to take actual experience on the farm, which is expected to accelerate the market growth.

The massive outbreak of the COVID-19 pandemic has mercilessly taken a lot of lives as well as hampered the overall rate of market growth excessively. Hence, in this condition, the market experts must take the charge of formulating some efficient ideas to get rid of this prevailing situation and maintain a substantial rate of Agrotourism Market growth.

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