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Agritourism Market Growth: Deep-Dive into Market Size, CAGR, Key Drivers, and Emerging Trends
Agritourism Market Size
What Is The Projected Market Size of The Global Agritourism Market And Its Growth Rate?
• In 2024-2025, the market is set to grow from $66.29 billion to $70.43 billion at a CAGR of 6.2%
• The forecast for 2029 predicts a surge in the market size to $94.7 billion at a CAGR of 7.7%
The positive growth trends are linked to rural economic diversification, fascination towards farm life, and increasing awareness about environmental conservation and heritage, besides the allure of seasonal events and festivals.
What Is Driving The Growth In The Agritourism Market?
The proliferation of Agritourism worldwide and the increasing interest in farming activities, agricultural products, and innovative practices are key to driving the growth of the sector. Government initiatives aimed at promoting local farming and agriculture with a focus on boosting local economies play a crucial role as well. For instance, the Irish Minister for Agriculture and India's Kerala State Government have launched initiatives to boost agritourism, providing opportunities for the local agricultural sector and boosting tourism in the post-COVID phase.
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Who Are the Key Players Driving Agritourism Market Growth?
• Blackberry Farm LLC
• Gites de France
• Feather Down Farms
• Farm Stay UK
• Goosewing Ranch
• Liberty Hill Farm
• Willowsford Farm
• Agriturismo Al Verneto
• Bay Farm Tours
• Kansas Agritourism
What Are The Key Trends In The Agritourism Market?
• Agri-education experiences
• Farm-to-table experiences
• Adventure and rural activities
• Cultural immersion
• Specialized agritourism offerings
What Are The Segments Of The Global Agritourism Market?
• By Activity: On-farm Sales, Outdoor Recreation, Agritainment, Educational Tourism, Accommodations, Other Activities
• By Tour Types: Group Travelers, Individual Travelers
• By Sales Channel: Travel Agents, Direct
• By Consumer Demographics: Men, Women, Kids
Which Region Leads The Agritourism Market?
North America leads the global agritourism market, being the largest regional market in 2024. Besides North America, the report covers regions like Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Agritourism Market Global Market Report?
- Market Size Analysis: Analyze the Agritourism Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Agritourism Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Agritourism Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Agritourism Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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