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Agritourism Market Growth Accelerates: Strategic Forecast Predicts $92.92 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Agritourism Industry Market Size Be by 2025?
In the recent past, there has been a significant expansion in the agritourism market size. The expansion rate is predicted to rise from $66.29 billion in 2024 to $70.17 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%. The historic growth can be tied back to factors like economic diversification in rural areas, a surge in consumer curiosity about farm life, the preservation of culture and heritage, environmental education and protection, as well as seasonal occasions and fairs.
What's the Long-Term Growth Forecast for the Agritourism Market Size Through 2029?
The agritourism industry is projected to exhibit robust expansion in the coming years, with its market size escalating to $92.92 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 7.3%. This prospective surge during the forecast period is due to changes in tourist inclinations, offerings of health and wellness, educational opportunities, culinary adventures, and tailored personal experiences. Predominant trends for the forecast period encompass agri-educational experiences, farm-to-table encounters, adventurous and country-side activities, cultural immersion, and niche agricultural tourism offerings.
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What Are the Key Growth Drivers Fueling the Agritourism Market Expansion?
The agritourism market is witnessing a surge in growth, which is fuelled by increasing government initiatives centred around agritourism farms. Agritourism's significance is escalating on a global scale due to the rising curiosity about various farming activities, products, and novel practices. This rise is mutually beneficial as it also caters to the introduction of original government schemes. These schemes advocate local agricultural operations and are created with the intent of delivering economic stimuli to communities involved in farming, ranching, and similar agriculture-related sectors. Diverse government bodies have put forth their initiatives aimed at offering opportunities to the domestic agriculture industry through tourist attraction. For example, Charlie McConalogue, the Irish Minister for Agriculture, Food, and the Marine, in June 2022, announced funding of €300,000 ($3.06 million) for 19 locally-based agro-food tourism projects. The goal behind this funding is to foster agritourism in rural regions and present farmers, producers, and artisans with growth opportunities for their products and services. Similarly, the Kerala State Government in India, in September 2021, initiated the Kerala Agri Tourism Network and an associated state-level training program for skilled workers, to promote farm tourism and boost the tourism sector in the aftermath of the COVID pandemic. Consequently, such government activities centred on agritourism farms are projected to be a key driving force for the growth of the agritourism market.
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What Are the Key Trends Driving Agritourism Market Growth?
Leading firms in the agritourism sector are introducing inventive services, which range from advancing agricultural understanding to heightening the visitor experience with engaging farm lessons and tours to encourage agricultural education. These companies are emphasizing farm-to-table cuisine and sustainable methods to forge stronger links between customers and the process of food production. The advancement of agricultural awareness consists of enlightening the public on the importance of farming to society, sustainability, and securing food supplies. For example, in April 2024, Greater Iowa City Inc., a non-profit organization based in the US, introduced Agri-Culture Iowa. This venture champions local agribusinesses and sustainable practices, thereby boosting tourism and community involvement in Johnson County. Its aim is to create unforgettable farm-to-table experiences while enhancing the local economy.
How Is the Agritourism Market Segmented?
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
Subsegments:
1) By On-farm Sales: Farm Stands and Markets, U-Pick Operations, Local Product Sales
2) By Outdoor Recreation: Hiking and Nature Trails, Fishing and Hunting, Camping and Picnicking, Farm Tours
3) By Agritainment: Corn Mazes and Pumpkin Patches, Festivals and Events, Animal Zoos
4) By Educational Tourism: Workshops and Classes, Farm Visits and Tours, School Field Trips
5) By Accommodations: Farm Stays, Camping Facilities, Glamping Options
6) By Other Activities: Wine and Brewery Tours, Culinary Experiences, Wellness Retreats
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Which Companies Are Leading the Charge in Agritourism Market Innovation?
Major companies operating in the agritourism market include 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, 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, Field Farm Tours Limited, Willow-Witt Ranch, Farms & Farmers, Agri-Tourism Development Corporation, AgriTourismo, Barns and Farms, Farmhouse Inns, Agritourisme France, Rural Retreats, Farmers For Real, Newland Stays, Heritage Farmstead Museum, Agriturismo.it, Farm Stay US, Australian Farm Tourism, Farm Stay Japan, Agrotourism Cyprus, Farm Stay New Zealand, Fazenda Leite Verde, Agritourism South Africa
Which Regions Are Leading the Global Agritourism Market in Revenue?
North America was the largest region in the agritourism market in 2024. The regions covered in the agritourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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