Agritourism Market Overview Analysis, By Share, Size, worth, USD 8.21 Billion during the Forecast Period 2029
People are increasingly finding new and innovative ways to entertain themselves and find peace in their lives, as well as new and different ways to travel to and stay in village areas. Agritourism is one of these new tourism avenues that allows people to experience farm activities, rural lifestyles, and green peace ambiances that are difficult to find in urban areas.
Agritourism is gaining popularity among farmers because it not only provides additional income to farmers in addition to farm production activities, but it also improves sustainability. It has enormous potential to provide good business to farmers because it is cost-effective, there is a demand for family-oriented recreation environments, and young minds are becoming more interested in farm activities.
Data Bridge Market Research analyses that the Agritourism Market was valued at USD 5.73 billion is expected to reach the value of USD 8.21 billion by the year 2029, at a CAGR of 5.30% during the forecast period. The rapid growth in online reservations has led to an expansion in the agritourism market over the next seven years.
Agritourism refers to businesses that combine farm activities and tourism for the purpose of recreation and entertainment. Agritourism is also known as agri-tourism, sustainable agriculture, farm tourism, agrotourism, agricultural tourism, and village tourism. Agritourism activities include agricultural museums and displays, barn dances, biking trails, bird watching, breweries, corn mazes, cut flowers, farm cooking contests, farm stores, and herb walks.
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Agritourism Market Dynamics
Drivers
· Increased online bookings and rise of social media
Tourists all over the world regard online booking as a convenient option. Furthermore, the use of social media and the efficient distribution of customer surveys have resulted in an increase in online reservations in the exchange.
· Rapid growth in social media tools
Social media tools help to improve client engagement and information. As a result, the increasing popularity of online bookings will fuel the growth of the agritourism market during the forecast period.
· Regulatory Compliance
Maintaining compliance with medical reforms and regulations raises the demand for these solutions. The increase in the funding by the federal government to drive the adoption of these solutions further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the agritourism market.
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.
Activity
· Research
· Strategy & concept generation
· Concept & requirements development
· Detailed design & process development
· Design verification
· Process validation
· Manufacturing transfer & design validation
· Production & commercial support
Sales channel
· Medical device companies
· Pharmaceutical companies
· Biotechnology companies
· Contract research organizations
Agritourism Market Regional Analysis/Insights
The agritourism market is analysed 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 U.S., Canada and Mexico in North America, Germany, France, U.K., 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, U.A.E, 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 dominates the agritourism market because of the province's accelerated expansion of the tourism industry, Asia-Pacifc will estimate the highest percentage of growth in the agritourism market during the forecast period owing to the rising infrastructural development activities.
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 (U.S)
· Blackberry Farm LLC. (U.S)
· Willow-Witt Ranch (U.S)
· Monteillet Fromagerie (U.S)
· The Inn at Valley Farms (U.S)
· Harvest Fresh Farms (U.S)
· Wheatacre Hall Barns (U.K)
· Orange Grove by Totalstay (South Africa)
· Quadrant Australia (Australia)
· Select Holidays (Canada)
· Expedia Inc. (U.S)
· Booking Holdings Inc. (U.S)
· China Travel (Beijing)
· BCD Group (Netherlands)
· Travel Leaders Group (U.S)
· Butterfield and Robinson (Canada)
Research Methodology:
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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