2018-2028 Agritourism Market Future Predictions and New Updates
Rising inclination towards entrepreneurship around the globe, growing trend of taking a healthy and relaxing holiday on lush green farms are factors driving the global agritourism market in the forecast period 2024-2028.
According to a report by TechSci
Research titled "Global Agritourism
Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028," the global agritourism market reached
USD 6.01 billion in 2022 and is expected to grow at a CAGR of 9.91% from 2024
to 2028. Agritourism, interchangeably referred to as agrotourism, is a
burgeoning sector that bridges agriculture and tourism, providing a unique
opportunity for visitors to actively engage in various aspects of farm life.
This form of tourism is gaining
significant traction in the farming community, offering additional income to
farmers while promoting sustainability. It is a cost-effective option, aligning
with the demand for family-oriented recreational environments and sparking
curiosity about farm activities among the younger generation.
https://www.techsciresearch.com/report/agritourism-market/19881.html
The agrotourism market has
witnessed substantial growth in recent years, attributed to factors such as
increasing consumer demand for unique and experiential travel. The market size
is estimated to be in the billions, with a robust projected compound annual
growth rate (CAGR). This growth is fueled by a rising interest in sustainable
agriculture, farm-to-table experiences, and a desire for authentic and
immersive travel experiences.
Modern consumers seek genuine,
hands-on experiences, and agrotourism, with its direct involvement in farm
activities, provides an opportunity to connect with the roots of food
production. As concerns about food sustainability and environmental impact grow,
consumers are keen on understanding the origins of their food. Agrotourism
serves as an educational platform, offering insights into farming practices,
organic cultivation, and sustainable agriculture. Farmers are leveraging
agrotourism to diversify their revenue streams, contributing to financial
stability and resilience against market fluctuations.
Agro-tourism operators are
incorporating digital platforms and Agri-tech solutions to enhance visitor
engagement, offering virtual farm tours, interactive apps, and real-time
updates. There is a growing trend towards wellness-focused agrotourism experiences,
satisfying the increasing desire for rural retreats and a break from urban
life.
Social media tools are aiding in
client engagement and information sharing, contributing to the increasing
popularity of online bookings. Tourists worldwide find online booking
convenient, and the use of social media and customer surveys has resulted in a
surge in online reservations.
The Global Agritourism Market is
segmented into activity type, sales channel, regional distribution, and
company. The outdoor recreation sector dominated in 2022, driven by the
increasing popularity of sports among tourists. North America emerged as the largest
regional market for agritourism in 2022.
Major companies operating in
Global Agritourism Market are:
- Farm to Farm Tours
- Bay Farm Tours
- Star Destinations
- Expedia, Inc.
- Select Holidays
- Green mount Travel
- Blackberry Farm, LLC
- GTI Travel
- Kansas Tourism
- Trump Tours Inc.
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“The agrotourism market has
experienced remarkable growth in recent years, fueled by a rising consumer
demand for authentic, rural experiences. As people seek to connect with the
origins of their food and embrace sustainable lifestyles, agrotourism has become
a thriving industry. Farmers globally are leveraging this trend, diversifying
their income streams and contributing to local economies. Government support,
technological advancements in agriculture, and a growing interest in
eco-friendly practices further propel the expansion of the agrotourism market,
making it a dynamic and evolving sector with substantial growth potential,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Agritourism Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Activity
Type (On-farm Sales, Outdoor Recreation, Entertainment, Educational Tourism,
Accommodations, Others), By Sales Channel (Travel Agents, Direct Sales), By
Region, By Competition, 2018-2028,” has
evaluated the future growth potential of the Global Agritourism Market and
provides statistics & information on market size, structure, and future
market growth. The report aims to offer cutting-edge market intelligence and
help decision-makers make sound investment decisions, identifying and analyzing
emerging trends along with essential drivers, challenges, and opportunities in
the Global Agritourism Market.
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