Global Agritourism Market Size was $6823.18 Million in 2023

Global Agritourism Market Overview

According to Global Market Monitor, the global agritourism market size was $6823.18 million in 2023 with a CAGR of 10.46% from 2023 to 2029.

Agritourism has different definitions in different regions of the world and sometimes refers specifically to farm stays, as in Italy. Elsewhere, agritourism includes various activities, including buying produce directly from a farm stand, navigating a corn maze, slopping hogs, picking fruit, feeding animals, or staying at a bed and breakfast (B&B) on a farm.

Global Agritourism Market Size

Market Trends

The gradually increasing popularity of farm tourism among children, urban families, and even the corporate world is expected to propel market growth throughout the forecast period. In addition, the rising demand for farm halts and growing curiosity about rural and farm activities among millennials and young minds across the globe is further boosting the market growth. Moreover, farm tourism is expanding rapidly and getting a big push from the tourism ministry of various countries, which is anticipated to boost market growth.

The governments of various countries across the world such as India, China, Taiwan, and Brazil are undertaking initiatives to protect as well as nurture the environment and agricultural land in their respective countries. These governments are also focusing on improvements in the agro-industry, as they have understood the importance of creating a sustainable environment. These initiatives have majorly boosted the demand for agritourism in these regions. Government and companies in various countries mainly focus on agricultural campaigns and are organizing events aimed at boosting awareness regarding agritourism among people. 

A major restraint for the growth of the agritourism market is its unorganized structure. The concept of agrotourism is niche and it lacks legal definition across several economies, which is restricting the speedy growth of the market. The lack of awareness about these types of tourism destinations and the lower number of established tour agritourism operators in this industry, especially across developing countries is acting as a major obstacle for the market growth.

Drivers

Government Support Towards Agritourism

Rising Health Consciousness

Development of Rural Districts

Growing Travel and Tourism Industry

Limitations

Improper Commercialization of Agritourism


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