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The global agritourism market stood at a value of around USD 69.40 billion in 2023. The market is further expected to grow at a CACR of 13% in the forecast period of 2024-2032 to attain nearly USD 208.49 billion by 2032.
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Based on activity, the agritainment segment is expected to witness a healthy growth in the forecast period. In recent years, there has been a rise in demand for agriculture-related entertainment activities or agritainment globally. It simply provides for an alternative business venture for the seller and an opportunity for entertainment/leisure in an agricultural setup to the consumers. This industry is creative as it includes activities like farm-stay vacations, fee-fishing, interactive animal displays, pick-your-own fruits, and many more. Furthermore, these entertainment farms are gaining popularity as they are a means for the farmers to diversify risks and increase profits, create target consumer groups, and even preserve a way of life. These factors are expected to significantly contribute to the growth of the segment.
European farmers have traditionally done agritourism. For example, wineries in Italy and France have encouraged visitors to crush grapes or learn gourmet cooking. Farmers in the United States may simply be following a booming and global trend. Many American farmers and landowners are turning to agritourism, which comprises various services offered on a working farm. This type of tourism is a strategy to acquire a competitive edge and capitalise on the exclusivity of their farm and farming lifestyle. Further, economic changes, combined with volatilities in agricultural income and an interest in protecting land and resources, have put pressure on farmers across the region to look for alternate sources of income. As a result, during the forecast period, the agritourism industry in North America is likely to see new growth prospects.
Agritourism is a form of economic venture that combines agriculture productivity and/or processing with tourism to attract customers to a farm, plantation, or other agro-based business to educate or entertain the tourists while also earning money for the farm or business owner. Agricultural museums, corn mazes, on-farm farmers' markets and garden or plantation tours are common examples of agritourism.
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By activity, the market is divided into:
Based on sales channel, the industry is separated into:
The regional markets for agritourism include North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
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The global market for agritourism is being driven by the increasing focus to preserve rural lifestyles while increasing farm income and enhancing the tourism industry in a region. For many landowners, agritourism is a means of increasing on-farm sales of their products and services while also generating income from leisure and tourism activities. Many new offerings by entrepreneurial farmers such as cooking classes, stocked pond-fishing, and organising carnivals and other festivities are ways to provide value-added experiences for the consumers. Through this, students or learners, and adults can have a deeper understanding of regional cultural heritage, agricultural crop production and distribution procedures, the value of healthy food in people's life, environmental preservation, and so on. These factors have been contributing to the market growth. Over the forecast period, the increasing focus to successfully develop organic agritourism and its entrepreneurship opportunities due to the growing trend of organic farming and the rising demand for healthy foods with high-quality standards is expected to aid the overall market.
The report presents a detailed analysis of the following key players in the global agritourism market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Activity |
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Breakup by Sales Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global agritourism market attained a value of nearly USD 69.40 billion.
The market is projected to grow at a CAGR of 13% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 208.49 billion by 2032.
The rising environmental consciousness, the rising awareness about farm diversification, and the increasing attempts to increase farmers’ incomes are the major market drivers.
The key trends guiding the market include the growing focus to expand the organic agritourism sector and the increasing preference for stay vacations, outdoor recreation, and educational tourism.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant segments based on the activity are on-farm sales, outdoor recreation, agritainment, educational tourism, and accommodation, among others.
The major sales channels of the product include travel agents and direct sales.
The major players in the market are Agrotours, Agrilys Voyages, Nokyo Tourist Corporation, and Greenmount Travel, among others.
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