Agritourism Market Will Grow At Highest Pace Owing To Rising Demand For Experience-Oriented Travel


Posted June 1, 2024 by pratikc19

Agritourism provides an opportunity for city dwellers to escape from their routine lives and reconnect with nature.
 
Agritourism provides an opportunity for city dwellers to escape from their routine lives and reconnect with nature. It offers experiences like farm visits, u-pick services, outdoor recreation and education about agricultural practices. There is a rising interest among urban populations to learn about the origins of food and immerse themselves in rural life. Agritourism supports farm income and local economic development as well.

The global agritourism market is experiencing significant growth in recent years. Agritourism involves visiting a working farm or any agricultural, horticultural or agribusiness operation for recreation, education or active involvement in farm activities. It enables people to experience nature and various agricultural activities like harvesting vegetables and fruits, interacting with livestock, participating in farm tours and workshops. The growing demand for experience-based travels and need to promote agri-business is driving the development of agritourism industry worldwide.

The Global Agritourism Market is estimated to be valued at US$ 8.23 Billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Agritourism Market Share are Field Farm Tours Limited, 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., Tour De Farm, Kisan Eco Farm and Farm Stay, Liberty Hill Farm, Harvest Travel International, Farm to Farm International, STAR Destinations, Stita Group, Select Holidays, and Agritours Canada Inc. These players are focusing on expanding their service portfolio and global presence.

The growing popularity of experience-based travels is driving the demand for agritourism activities. People are more interested in getting closer to nature and want to know more about the agricultural processes. Various activities offered on the farms cater to this rising demand.

Technological innovations are supporting the growth of agritourism industry. Applications and platforms are being developed to better connect farmers with potential visitors. Online bookings and service integration is improving accessibility. Use of smartphones for interactive education and engagement is a key trend.

Market Trends

Personalized experiences are becoming more popular as people want customization as per their interests and budget. Various farms are curating specialized tour packages and programs.

Sustainability is a major focus area. Many farms are adopting organic and eco-friendly practices. They promote responsible tourism respecting local communities and environment. Sustainable operations help farms attract conscious visitors.

Market Opportunities

Youth programs and education can be an attractive segment. Hands-on learning activities, summer camps, internships etc. have high growth potential.

Diversification of offerings into supplementary areas like glamping, wedding venues, restaurants etc. help farms maximize utilization and revenues. Joint promotion with related industries can further boost visits.

Digitalization of operations provides opportunities to leverage technologies for better consumer engagement as well as management of farm activities. Data and analytics can improve strategic decision making.

Impact of COVID-19 on Agritourism Market

The outbreak of COVID-19 has severely impacted the growth of the agritourism market. Travel restrictions imposed by various governments and social distancing norms led to cancellation of tours and bookings. Farm visits and outdoor activities were temporarily halted. This decline in tourism impacted farm incomes as well. Agritourism being an experiential tourism relies on personal interactions which were not possible due to the pandemic. However, as lockdowns ease, the market is witnessing a recovery. Many farms and destinations are now offering online virtual tours and activities to engage visitors. Strict safety and hygiene protocols are being followed for in-person visits. The pandemic has highlighted the importance of local and rural tourism. With an increase in domestic and nearby travels, agritourism is expected to bounce back strongly in the coming years.

Impact on geographical regions

North America has been the most valued region for the agritourism market due to a large number of commercial farms and high preference for experiential tourism. However, the pandemic severely affected the region initially due to high infection rates in countries like the US. Asia Pacific is projected to be the fastest growing regional market in the upcoming years. Countries like India and China are witnessing rise in rural and farm visits as people explore local tourism options post COVID. With economic activities reviving in Asia, investments are being made to develop agritourism infrastructure and attract both domestic and international visitors. Europe is also expected to see steady recovery backed by initiatives to promote rural tourism in countries like Italy, France and Germany.

Fastest growing region for Agritourism Market

Asia Pacific region is poised to grow at the fastest rate for the agritourism market during the forecast period. Countries like India, China, Vietnam, Malaysia, Thailand are projected to offer huge growth opportunities. Rising disposable incomes, increasing health awareness, changing travel preferences are driving the demand for experiential and rural forms of tourism in Asia. Several farms and rural destinations are being developed in regions to attract visitors. Governments are also undertaking various programs to promote agritourism and rural livelihood. Growing tourism infrastructure along with easy access will further aid the market expansion. The long term outlook for agritourism looks bright in Asia supported by socio-economic progress across nations in the region.

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Issued By Pratik
Business Address appla glory
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Country India
Categories Consumer
Last Updated June 1, 2024