The Agritourism Market Research Report [2023-2030] provides a thorough analysis of the market, including growth opportunities and trends for various applications, types, and regions such as North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The report covers key producers, market developments, as well as opportunities, challenges, and threats. With over 200 pages, it offers detailed growth statistics, trends, and competitive landscape insights in the industry.
Global Agritourism Market is valued approximately USD 213.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.3 % over the forecast period 2020-2027.
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Agritourism is a form of travelling that links agricultural activities with tourism to attract visitors onto a farm, ranch, or other agricultural business majorly for entertainment and education. Also, the Agritourism is used for improving the economy through agriculture. Major drivers like pollution free environment, fresh foods, recreation activities and health benefits related with agriculture have been influencing people for inbound and outbound agritourism. Further, agritourism has been helping to improve the economic growth and socio-cultural integration with rural areas. Innovative services like music festivals, food festivals, traditional events and other special events attract more tourists.
Also, tourists choosing a place which provides them peaceful recreation value away from city life and people who like to be close with nature. Increasing government initiatives have made tourists more aware and traditional farmers are able to earn extra income throughout the year. For Instance: as per the official record of Indian Government, in 2005, Agri-Tourism Development Corporation was established to develop and promote agritourism by creating job opportunities for the farmers. In 2016, Farm Tourism Development Act (Republic Act 10816) was launched by the government of Philippines to promote and develop farm tourism in the country. However, an increase in the cost due to additional workers & subcontractor labor costs, animal-human health concerns, irresponsible tourism can harm the environment and can impede the growth of the market over the forecast period of 2020-2027. Also, the increasing government initiatives, regulations, proper tourism management creates an opportunity for the market.
The regional analysis of global Agritourism Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the already established tourism sector and increasing number of agritourism farms. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population, awareness about agritourism through rising online services, nature seeking tourists, better government regulations, focusing on increasing the farmers income and improving agricultural infrastructure would create lucrative growth prospects for the Agritourism Market across Asia-Pacific region.
Major market player included in this report are:
Expedia Group
Domiruth PeruTravel
Quadrant Australia
Select Holidays
Star Destinations
Trump Tours
Farm To Farm Tours
Kansas Agritourism
A.C.T. Tours
AL VERNETO
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Overnight Stay
Special Events & Festivals
Off the Farm
Recreation Activities & Events
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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The following are significant aspects of the industry that may be relevant:
Market Size and Growth: The size of the market and its projected growth rate are essential factors that can provide valuable insights into the industry’s potential.
Competition: The level of competition in the market is a significant factor that can impact the pricing and profitability of companies operating in the industry.
Technology: Technology plays a critical role in the industry as search algorithms and consumer behavior continue to evolve rapidly.
Consumer Behavior: Understanding consumer behavior, such as search habits and preferences, can help companies optimize their marketing strategies and drive sales.
Regulatory Environment: The industry is subject to various regulatory requirements, including data protection and privacy laws, which can impact the way companies operate in the market.
Economic Factors: Economic factors, such as GDP, inflation, and consumer spending, can affect the growth and profitability of the industry.
Emerging Trends: Staying updated with emerging trends, such as voice search and artificial intelligence, can help companies stay ahead of the curve in the industry.
This report covers several key questions related to the Agritourism market, including:
- What can be expected for the Agritourism market in the next decade?
- What are the primary drivers of growth in the Agritourism market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Agritourism market vary based on the size of the end market?
- What is the breakdown of Agritourism by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Agritourism market?
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