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The global agritourism market stood at a value of around USD 48.1 billion in 2020. The market is further expected to grow at a CACR of 13% in the forecast period of 2021-2026 to attain nearly USD 55.5 billion by 2026.
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, for-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.
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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.
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.
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 industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Agritourism Market Analysis
8.1 Key Industry Highlights
8.2 Global Agritourism Historical Market (2016-2020)
8.3 Global Agritourism Market Forecast (2021-2026)
8.4 Global Agritourism Market by Activity
8.4.1 On-Farm Sales
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
8.4.2 Outdoor Recreation
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
8.4.4 Educational Tourism
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
8.5 Global Agritourism Market by Sales Channel
8.5.1 Travel Agents
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
8.6 Global Agritourism Market by Region
8.6.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
220.127.116.11 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
18.104.22.168 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.2 Agrilys Voyages
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.3 Nokyo Tourist Corporation
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.4 Greenmount Travel
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13 Industry Events and Developments
List of Figures and Tables
1. Global Agritourism Market: Key Industry Highlights, 2016 and 2026
2. Global Agritourism Historical Market: Breakup by Activity (USD MillionBillion), 2016-2020
3. Global Agritourism Market Forecast: Breakup by Activity (USD MillionBillion), 2021-2026
4. Global Agritourism Historical Market: Breakup by Sales Channel (USD MillionBillion), 2016-2020
5. Global Agritourism Market Forecast: Breakup by Sales Channel (USD MillionBillion), 2021-2026
6. Global Agritourism Historical Market: Breakup by Region (USD MillionBillion), 2016-2020
7. Global Agritourism Market Forecast: Breakup by Region (USD MillionBillion), 2021-2026
8. North America Agritourism Historical Market: Breakup by Country (USD MillionBillion), 2016-2020
9. North America Agritourism Market Forecast: Breakup by Country (USD MillionBillion), 2021-2026
10. Europe Agritourism Historical Market: Breakup by Country (USD MillionBillion), 2016-2020
11. Europe Agritourism Market Forecast: Breakup by Country (USD MillionBillion), 2021-2026
12. Asia Pacific Agritourism Historical Market: Breakup by Country (USD MillionBillion), 2016-2020
13. Asia Pacific Agritourism Market Forecast: Breakup by Country (USD MillionBillion), 2021-2026
14. Latin America Agritourism Historical Market: Breakup by Country (USD MillionBillion), 2016-2020
15. Latin America Agritourism Market Forecast: Breakup by Country (USD MillionBillion), 2021-2026
16. Middle East and Africa Agritourism Historical Market: Breakup by Country (USD MillionBillion), 2016-2020
17. Middle East and Africa Agritourism Market Forecast: Breakup by Country (USD MillionBillion), 2021-2026
18. Global Agritourism Market Structure
In 2020, the global agritourism market attained a value of nearly USD 48.1 billion.
The market is projected to grow at a CAGR of 13% between 2021 and 2026.
The market is estimated to witness healthy growth in the forecast period of 2021-2026 to reach almost USD 55.5 billion by 2026.
The major factors driving the market growth include the rising environmental consciousness among the masses, increasing awareness about farm diversification, growing focus to increase farmers' incomes and preserve rural lifestyles while enhancing the quality of life of rural society, and a need to enhance the tourism industry in a region.
The key market trends guiding the growth of the industry are the growing focus to expand the organic agritourism industry and the increasing preference for stay vacations, outdoor recreation, and educational tourism.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of activities in the industry 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 industry are Agrotours, Agrilys Voyages, Nokyo Tourist Corporation, and Greenmount Travel, among others.
The global agritourism market attained a value of around USD 48.1 billion in 2020, driven by the growing popularity of agritainment, increasing focus to increase farm income, and rising environmental consciousness. Aided by the development of the organic agritourism industry and the increasing consumer spending on nature-based outdoor recreation activities, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 13%. The market is projected to reach nearly USD 55.5 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on activity, the agritourism industry can be segmented into on-farm sales, outdoor recreation, agritainment, educational tourismand , and accommodation, among others. On the basis of sales channel, it is divided into travel agents and direct. The major regional markets for agritourism are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Agrotours, Agrilys Voyages, Nokyo Tourist Corporation, and Greenmount Travel, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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