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Agritourism Market 2024: Size, Share, Trends And Forecast To 2033
Agritourism Market
Agritourism Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $79.9 billion In 2028 At A CAGR Of 7.0% :
The agritourism market size has grown strongly in recent years. It will grow from $56.92 billion in 2023 to $60.89 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rural economic diversification, consumer interest in farm life, cultural preservation and heritage, environmental education and conservation, seasonal events and festivals.
The agritourism market size is expected to see strong growth in the next few years. It will grow to $79.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to shift in traveler preferences, health and wellness offerings, education and learning opportunities, culinary and gastronomic experiences, personalized and customizable experiences. Major trends in the forecast period include agri-education experiences, farm-to-table experiences, adventure and rural activities, cultural immersion, specialized agritourism offerings.
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Agritourism Market Major Segments
The agritourism market covered in this report is segmented -
1) By Activity: On-farm Sales, Outdoor Recreation, Agritainment, Educational Tourism, Accommodations, Other Activities
2) By Tour Types: Group Travelers, Individual Travelers
3) By Sales Channel: Travel Agents, Direct
4) By Consumer Demographics: Men, Women, Kids
Key Driver - Government Initiatives Propel Global Agritourism Market Expansion
The increase in government initiative towards agritourism farms is driving the growth of the agritourism market. 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. For instance, in June 2022, the Irish Minister for Agriculture, Food, and the Marine, Charlie McConalogue, announced to fund €300,000 ($3.06 million) to 19 local agro-food tourism projects. This funding aims to develop agritourism to develop rural areas and provide opportunities for farmers, producers, and artisans to develop their products and services. In September 2021, in India, the Kerala State Government established the Kerala Agri Tourism Network and a state-level training program for skilled labor to enhance farm tourism and provide a further push to the tourism industry in the post-COVID phase. Therefore, such government initiatives towards agritourism farms are expected to propel the growth of the agritourism market.
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Prominent Trend - Nevis Tourism Authority Unveils Innovative Agritourism Experience
Major companies operating in the agritourism market are developing innovative services to attract more customers and enhance their profits. For instance, in May 2021, the Nevis Tourism Authority, based in Nevis, one of the most unspoilt and relaxing islands in the Caribbean, launched the Around the Garden tour 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. With this most recent experience, foodies will have the perfect chance to savor our finest organic products and discover the methods of traditional farming.
Agritourism Market Players
Major companies operating in the agritourism market report are Expedia Inc., Blackberry Farm LLC, Gites de France, Feather Down Farms, Farm Stay UK, Goosewing Ranch, Liberty Hill Farm, Missão, ACT Tours, Willowsford Farm, Agriturismo Al Verneto, Bay Farm Tours, Kansas Agritourism, The Inn at Valley Farms, Agritopia, Agritours Canada Inc., Stita Farm Tours, Green Acres Farm Bed and Breakfast, Agrilys Voyages, Monteillet Fromagerie, World Wide Opportunities on Organic Farms, Agricultural Tour Operators International, Domiruth PeruTravel, Field Farm Tours Limited, Quadrant Australia, Willow-Witt Ranch, Farms & Farmers, Agri-Tourism Development Corporation, AgriTourismo, Barns and Farms, Farmhouse Inns, Agritourisme France, Rural Retreats, Countryside Alliance, Farmers For Real, Newland Stays, Sustainable Farming Association, Heritage Farmstead Museum, Agriturismo.it, Farm Stay US, Texas Farm Bureau, Australian Farm Tourism, Farm Stay Japan, Agrotourism Cyprus, Farm Stay New Zealand, Fazenda Leite Verde, Agritourism South Africa
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Largest And Fastest Growing Region In The Market
North America was the largest region in the agritourism market in 2023. The regions covered in the agritourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Agritourism Market Report Structure
3. Agritourism Market Trends And Strategies
4. Agritourism Market - Macro Economic Scenario
5. Agritourism Market Size And Growth
…..
27. Agritourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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