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Agritourism Market Size, Share, Growth, Trends Analysis And Industry Forecast To 2032
Agritourism Market Report
The Business Research Company's Agritourism Global Market Report 2023 identifies the increase in government initiative towards agritourism farms as the major driver for the agritourism market's growth in the forecast period. The prominence of agritourism is proliferating worldwide with the surge in interest for farming activities, products, and innovative practices, along with the launch of new government initiatives. These initiatives promote local farming and agriculture activities and aim to provide a much-needed economic boost to local farming, ranching, and other communities related to the agriculture sector. Different government authorities launched their initiatives to provide opportunities for the local agriculture sector by attracting tourists.
The global agritourism market size is expected to grow from $53.23 billion in 2022 to $56.97 billion in 2023, at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agritourism market is expected to grow to $73.22 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the agritourism market are Agricultural Tour Operators International, Agrilys Voyages, Agriturismo Al Verneto, Bay Farm Tours, Blackberry Farm LLC, Domiruth PeruTravel, Expedia Inc., Field Farm Tours Limited, Kansas Agritourism, Liberty Hill Farm, Missão, Quadrant Australia, Stita Farm Tours, ACT Tours, Monteillet Fromagerie, The Inn at Valley Farms, and Willow-Witt Ranch.
A key trend in the agritourism market includes product innovation. Major players that provide agritourism services are focusing on innovative services to attract more customers and enhance their profits. For instance, in May 2021, the Nevis Tourism Authority, based on a Caribbean island, launched a new "Around the Garden" experience. A park-like design was used to create the 5-acre fruit farm at Cades Bay, where visitors will have access to picnic tables, Wi-Fi, and refreshments. The new farm tour will be available in two levels, giving guests the choice to select either the 40-minute or 60-minute option. It also includes food tourism to appeal to growing culinary tourism.
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The agritourism market is segmented -
•By Activity: On-farm Sales, Outdoor Recreation, Agritainment, Educational Tourism, Accommodations, Other Activities
•By Tour Types: Group Travelers and Individual Travelers
•By Sales Channel: Travel Agents, Direct
•By Consumer Demographics: Men, Women, and Kids
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the agritourism market.
The Business Research Company's "Global Agritourism Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Agritourism Market Include:
1. Executive Summary
2. Agritourism Market Characteristics
3. Agritourism Market Trends And Strategies
4. Agritourism Market - Macro Economic Scenario5. Major Agritourism Market Drivers
5. Agritourism Market Size And Growth
……
26. Africa Agritourism Market
27. Agritourism Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agritourism Market
29. Agritourism Market Future Outlook and Potential Analysis
30. Appendix
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