Press release
Agritourism Market Estimated to Conquer Valuation of $111.1 billion by 2032
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/9462
Prime determinants of growth
Agritourism, a rapidly expanding sector, offers a unique fusion of agriculture and tourism. Its growth is propelled by several key industry trends and growth drivers. First, the desire for authentic experiences has led to increasing demand, with travelers seeking hands-on, farm-to-table encounters. Moreover, aligning with sustainability and eco-tourism trends, many agritourism destinations emphasize environmentally responsible practices, further attracting conscientious tourists. The rise of food tourism also significantly contributes to agritourism's success, allowing visitors to engage in culinary experiences, such as wine-tasting in vineyards or cheese-making on dairy farms. This sector's educational and recreational offerings cater to a diverse array of tourists, from families to retirees, fostering a deeper appreciation for agriculture. Furthermore, agritourism positively impacts local economies, creating jobs and stimulating the development of supportive infrastructure, thereby contributing to rural development.
However, there are industry challenges that include seasonality, weather dependency, regulatory hurdles, and infrastructure limitations. Economic risk also plays a significant role in restraining agritourism growth, as it demands substantial investments in marketing and infrastructure, which may not guarantee immediate returns. Nevertheless, business opportunities within agritourism are abundant. Technology and digital marketing enable farms to reach a broader audience, while government support and incentives further encourage entry into this market. The pandemic's resilience demonstrated by agritourism positions it as a safer option for travelers, and the sector's flexibility and adaptability make it well-suited to cater to specialized markets and niche interests.
The on-farm sales segment to maintain its leadership status throughout the forecast period
Based on Activity, the on-farm sales segment held the highest market share in 2023, accounting for more than half of the global Agritourism Market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is majorly attributed to the growing commercialization of the agritourism centers and rise in demand for local food and handmade products. For commercialization of the agritourism centers, farm owners are inviting traditional craftspeople, traditional dresses and costume designers, and local specialty products. However, others segment is projected to manifest the highest CAGR of 16.9% from 2023 to 2032.
LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report@ https://www.alliedmarketresearch.com/checkout-final/595a9e49b4a9926bf1cada208be818f6
The travel agents' segment to maintain its leadership status throughout the forecast period.
Based on the sales channel, the travel agents segment held the highest market share in 2022, accounting for two-thirds of the global Agritourism Market revenue, and is estimated to maintain its leadership status throughout the forecast period. Additionally, the direct segment is projected to manifest the highest CAGR of 13.1% from 2023 to 2032.
North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly half of the global Agritourism Market revenue. The wide penetration of agritourism services in the U.S., Canada, and Mexico is acting as a catalyst in creating dominance. The growing consumer demand for economical, nature-based, and sustainable tourism among tourists is acting as a crucial driving force for the market. First, there is a growth in the prevalence of gluten-related disorders, such as celiac disease, in the region. In addition, the LAMEA region is also expected to witness the fastest CAGR of 14.4% from 2023 to 2032 and is likely to dominate the market during the forecast period. Growth in disposable income and recovery in the economic stability of the African region countries are likely to upsurge the growth of the LAMEA agritourism market during the forecast period. Latin America and Africa are well occupied by a natural environment such as rivers and mountains.
Inquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/9462
Market Key Players
The key players profiled in this report include Agricultural Tour Operators International, Agrilys Voyages, Bay Farm Tours, Blackberry Farm, LLC, Farm to Farm Tours, Greenmount Travel, Harvest Travel International, Field Farm Tours Limited, Select Holidays, and Stita Group.
Similar Reports:
Personalized Travel and Experiences Market https://www.alliedmarketresearch.com/personalized-travel-and-experiences-market-A12540
Business Travel Market https://www.alliedmarketresearch.com/business-travel-market
Luxury Travel Market https://www.alliedmarketresearch.com/luxury-travel-market
Sports Tourism Market https://alliedmarketresearch.com/sports-tourism-market-A13076
Enotourism Market https://www.alliedmarketresearch.com/enotourism-market-A13687
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About Us
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Agritourism Market Estimated to Conquer Valuation of $111.1 billion by 2032 here
News-ID: 4338965 • Views: …
More Releases from Allied Market Research
Global P2P Payment Market Size to Surpass $14,506.8 Million by 2034
According to a new report published by Allied Market Research, titled, "P2P Payment Market," The P2P payment market was valued at $2,851.1 million in 2024, and is estimated to reach $14,506.8 million by 2034, growing at a CAGR of 17.3% from 2025 to 2034.
Get a Sample Copy of this Report : https://www.alliedmarketresearch.com/request-sample/2568
P2P payments, or Peer-to-Peer payments, are a way to transfer money directly between two individuals or entities, often using…
Gift Cards Market on Track to Cross $2,290.7 Billion by 2034
According to a new report published by Allied Market Research, titled, "Gift Cards Market," The gift cards market size was valued at $950.86 billion in 2024, and is estimated to reach $2,290.7 billion by 2034, growing at a CAGR of 9.0% from 2025 to 2034.
Get a Sample Copy of this Report : https://www.alliedmarketresearch.com/request-sample/4344
A gift card is a prepaid debit card loaded with a specific amount of money or credits that…
Activated Carbon Filters Market Size to Exceed USD 2.6 billion by 2032 | CAGR of …
The activated carbon filters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.6 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032.
Request The Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/A11695
Activated carbon filters are filtration devices that use the adsorption properties of activated carbon to eliminate hazardous poisons, pollutants, and bad odors from both air and water. The conversion of…
Asia-Pacific Corporate training Market is Predicted to Reach USD 137,615.13 mill …
The Asia-Pacific corporate training market was valued at $83,898.64 million in 2019 and is projected to reach $137,615.13 million by 2030, registering a CAGR of 9.12% from 2021 to 2030.
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/A23658
Corporate training is a method to improve the skill sets including work performance, productivity, efficiency, and others of an employee. There are different training methods offered for the development of corporate employees,…
More Releases for Agritourism
Agritourism Market Hits New High | Big Giants Australian Agritourism, Field Farm …
HTF MI recently introduced Global Agritourism Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Agritourism World, Select Holidays, Expedia, Airbnb, Farm Stay USA, Ranchweb, Harvest Hosts, Ruralis, Field…
Agritourism Market Rewriting Long Term Growth Story
MR Forecast published a new research publication on "Agritourism Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Agritourism market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are: Liberty Hill Farm…
Global Agritourism Market Research Report 2023-2029
Agritourism or agrotourism, as it is defined most broadly, involves any agriculturally based operation or activity that brings visitors to a farm or ranch. Agritourism has different definitions in different parts of the world, and sometimes refers specifically to farm stays, as in Italy. Elsewhere, agritourism includes a wide variety of activities, including buying produce direct from a farm stand, navigating a corn maze, slopping hogs, picking fruit, feeding animals,…
India Agritourism Market Driven by The Widespread Adoption of Agritourism to Sup …
The latest research study "India Agritourism Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the India agritourism market is expected to exhibit a CAGR of 20.60% during 2022-2027.
Agritourism represents a commercial practice that combines agricultural activities with tourism for recreation and the entertainment of tourists. It provides the farmers with an opportunity to generate additional income and a channel for direct marketing to…
Agritourism Has Now Been Gaining Huge Popularity Among Common People and Farmers …
People, nowadays, are increasingly looking for new innovative ways of entertainment and finding peace in their life. Frustration and stress are the common disorders faced by people in the urban area and thus, trying to find some green zone to get rid of their monotony has become quite natural for them.
Agritourism has appeared as a different approach and opened a new path for people to explore unique ways to get…
Agritourism Market
The report gives top to bottom investigation of the worldwide Agritourism Market various development openings and division by types, applications, key players, and geography. As far as drivers, constraints, opportunities, trends, and competitive landscape. The analysis gives a strong platform to clients who need to enter the global market. The report additionally describes the market supply chain investigations, just as primary industry players' cooperation and their future development information. The…
