Agritourism Market Will Grow At Highest Pace Owing To Rising Demand For Rural Tourism Experiences
Agritourism involves visiting a working farm or any agricultural, horticultural or agribusiness operation for recreation, education or active involvement in farm activities. Agritourism provides guests an opportunity to experience life on a working farm and interact with farm animals. Some popular agritourism activities include hayrides, u-pick, farm tours, petting farms, classes related to cooking or crafting with farm products. The growing popularity of rural tourism experiences is driving demand for agritourism activities as travellers are showing keen interest in exploring less commercialized areas and interacting with local culture and heritage.
The global agritourism market is estimated to be valued at US$ 8.23 Bn 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 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 focussing on expanding their rural tourism offerings and diversifying agritourism activities to attract more travellers.
The growing demand for Agritourism Market Share is being driven by changing consumer preferences towards experiencing nature and traditional farming activities. Urban dwellers in particular are displaying a strong interest to engage in farm activities and spend leisure time in scenic rural destinations.
Technological advancements are supporting the growth of agritourism market. The integration of virtual and augmented reality is enhancing the experience of agritourism activities. Online booking platforms and social media are helping farms promote their offerings and connect with potential visitors easily.
Market Trends
Growing popularity of farm stays - There is rising consumer inclination towards staying in farm properties and experiencing life on a farm closely. Farm stays provide immersive cultural exposure in a rural setting.
Diversification of activities - Farms are diversifying their activity portfolios beyond conventional options like hayrides and corn mazes. New experiences around cooking, artisanal products, wildlife are attracting visitors.
Market Opportunities
Agritourism in developing nations - Countries like India and Brazil present significant growth potential owing to their large agriculture sectors and increasing affluent population.
Themed agritourism - Farms can leverage regional heritage, native flora and fauna to create unique experiential tours and packages to enhance visitor appeal.
Partnerships for promotional reach - Collaborations with travel groups, online travel agents can boost agritourism visibility and business.
Impact of COVID-19 on Agritourism Market Growth
The outbreak of the COVID-19 pandemic severely impacted the agritourism market globally. During the lockdown period, all travel and tourism activities came to a halt which drastically reduced the demand for agritourism services. Farm visits, rural recreational activities, on-farm dinners and events which are the major revenue generating segments had to be suspended. This decline in demand led to significant losses for agritourism operators and related businesses. However, with lifting of restrictions and advancements in vaccine rollout, the market is witnessing signs of recovery in 2021. Social distancing protocols are still in place which has increased demand for open-spaced rural getaways. Many agritourism sites are promoting their farms and villages as safe destinations for socially distanced recreational activities like hiking, harvesting and animal interactions. The shift towards domestic tourism has also benefited regional agritourism operators. While international travel is still restricted, more locals are opting for agritourism experiences close to their homes. The sector is expected to recover fully by 2023 as fear of virus transmission reduces further with higher vaccination rates. Operators will need to focus on health and safety measures, digitalization of services and promotion of outdoors recreational activities to boost the market in the coming years.
Geographical Regions with High Concentration of Agritourism Market Value
North America represents the largest regional market for agritourism globally. The United States accounts for the major share driven by strong demand for rural lifestyle experiences and farm visits especially in Northeastern and Southern states. Europe is the second largest region majorly contributed by countries like Italy, France, Germany and UK which have a large number of established agritourism farms offering culinary activities, farm hospitality and rural sightseeing. Asia Pacific is witnessing fastest gains led by growth in China, India and Japan. Countries like Thailand, Philippines and Malaysia are also emerging as popular agritourism destinations. Increasing urban population, shift towards experiential travel and growing interest in rural heritage are driving the proliferation of community-based agritourism projects across Asia.South America region hasshown significant rise led by developments in agricultural tourism and farmstays market in Brazil, Argentina and Chile. Africa still has untapped potential with countries promoting agritourism to enhance rural livelihoods and community development.
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