Agritourism Marketresearch report is designed with a nice combination of industry insight, smart solutions, practical solutions, and newest technology to give better user experience. Under market segmentation, research and analysis is done based on several market and industry segments such as application, vertical, deployment model, end user, and geography. To execute this market research study, competent and advanced tools and techniques have been utilized that include SWOT analysis and Porter’s Five Forces Analysis. Businesses can surely foresee reduced risk and failure with this market report.
Innovative agritourism farm vendor services such as haunted hay rides, music festivals, ate farms, and others are predicted to expand people’s interest in agritourism, resulting in attractive market potential. Off-farm activities, such as farmer’s direct markets, fair vendors, and roadside product booths, will dominate over the forecasted years. Farmers’ active participation and the potential to earn additional cash offer a large portion of off-farm activities in the worldwide agritourism business.
Data Bridge Market Research analyzes that the agritourism market which was USD 243.29 billion in 2021, would rocket up to USD 407.20 billion by 2029, and is expected to undergo a CAGR of 6.65% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Agritourism Market Dynamics
Increasing focus to preserve rural lifestyles and landscape through a variety of farm activities
The growing focus on preserving rural lifestyles while improving agricultural revenue and enhancing a region’s tourism business is driving the global market for agritourism. Agritourism is a way for many landowners to increase on-farm sales of their products and services while simultaneously earning money from leisure and tourism activities. Many new services provided by entrepreneurial farmers, such as cooking workshops, stocked pond fishing, and organizing carnivals and other events, provide consumers with value-added experiences. Students and adults can better grasp regional cultural heritage, agricultural crop production and distribution techniques, the importance of good food in people’s lives, environmental preservation, and other topics by doing so. These factors have contributed to the market’s expansion.
Increasing efforts to enhance the utilization of the farm resources
The worldwide agritourism market is growing due to factors such as increased focus on producing enough farm income and the expanding potential of farmers to turn their hobbies into a viable business. Furthermore, a wide range of unique services supplied by agritourism farm vendors, such as shrimp, horseradish and wine festival, hunting clubs, heritage tours, and so on, have made it a popular destination. As a result, as the number of visitors rises, so does the market’s growth.
Increased demand for activities
Furthermore, rising demand for leisure activities, economic growth, and government measures to promote agriculture, horticulture, and agri-based business in universities and schools are all driving the industry forward. Initiatives to develop community-based tourism, on the other hand, may help the market thrive. Owners of diverse agricultural estates, on the other hand, have made significant investments in monitoring systems and smart safety equipment, which are also capable of providing timely notifications. These farm owners are also investing in a variety of technology that will help them streamline and secure their operations. These factors are likely to support rapid growth of the global agritourism market in the years to come.
Because of the rising agritourism business, the revenue generation process is predicted to grow rapidly. In the next five years, activities associated with agritourism, such as leisure, are predicted to fuel considerable growth in the global agritourism market. Furthermore, farm owners’ desire to convert their agricultural fields and farms into agriculture tourist destinations is helping the global agritourism market’s projected growth in the next five years. Agriculture producers who are experiencing lower crop yield are actively engaging in the agriculture tourism business, bolstering the global agritourism market’s growth in the next five years. Although, in the future, the lack of an organized sector for market services may act as a minor limitation on the global agritourism business. Furthermore, innovative services like haunted hayrides, music festivals, ate farms, and others are bound to attract agriculture tourism and thus support the growth of the global agritourism market in the next five years.
Global Agritourism Market Scope
The agritourism market is segmented on the basis of activity and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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Agritourism Market Regional Analysis/Insights
The agritourism market is analyzed and market size insights and trends are provided by country, activity and sales channel as referenced above.
The countries covered in the agritourism market report are US, Canada and Mexico in North America, Germany, France, UK, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, UAE, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominated the global agritourism market. Over the forecast period, the Asia-Pacific region is anticipated to witness the highest CAGR for the agritourism market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Agritourism Market Share Analysis
The agritourism market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agritourism market.
Some of the major players operating in the agritourism market are:
Liberty Hill Farm (US)
Blackberry Farm LLC. (US)
Willow-Witt Ranch (US)
Monteillet Fromagerie (US)
The Inn at Valley Farms (US)
Harvest Fresh Farms (US)
Wheatacre Hall Barns (UK)
Orange Grove by Totalstay (South Africa)
Quadrant Australia (Australia)
Select Holidays (Canada)
Expedia Inc. (US)
Booking Holdings Inc. (US)
China Travel (Beijing)
BCD Group (Netherlands)
Travel Leaders Group (US)
Butterfield and Robinson (Canada)
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