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Global Agritourism Market to reach USD 503.70 billion by 2027

Global Agritourism Market Size study, by Type (Overnight Stay, Special Events & Festivals, Off the Farm, Recreation Activities & Events) and Regional Forecasts 2020-2027

Product Code: OIRTAT_61757534
Publish Date: 15-11-2020
Page: 200

Global Agritourism Market is valued approximately USD 213.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.3 % over the forecast period 2020-2027. Agritourism is a form of travelling that links agricultural activities with tourism to attract visitors onto a farm, ranch, or other agricultural business majorly for entertainment and education. Also, the Agritourism is used for improving the economy through agriculture. Major drivers like pollution free environment, fresh foods, recreation activities and health benefits related with agriculture have been influencing people for inbound and outbound agritourism. Further, agritourism has been helping to improve the economic growth and socio-cultural integration with rural areas. Innovative services like music festivals, food festivals, traditional events and other special events attract more tourists. Also, tourists choosing a place which provides them peaceful recreation value away from city life and people who like to be close with nature. Increasing government initiatives have made tourists more aware and traditional farmers are able to earn extra income throughout the year. For Instance: as per the official record of Indian Government, in 2005, Agri-Tourism Development Corporation was established to develop and promote agritourism by creating job opportunities for the farmers. In 2016, Farm Tourism Development Act (Republic Act 10816) was launched by the government of Philippines to promote and develop farm tourism in the country. However, an increase in the cost due to additional workers & subcontractor labor costs, animal-human health concerns, irresponsible tourism can harm the environment and can impede the growth of the market over the forecast period of 2020-2027. Also, the increasing government initiatives, regulations, proper tourism management creates an opportunity for the market.

The regional analysis of global Agritourism Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the already established tourism sector and increasing number of agritourism farms. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population, awareness about agritourism through rising online services, nature seeking tourists, better government regulations, focusing on increasing the farmers income and improving agricultural infrastructure would create lucrative growth prospects for the Agritourism Market across Asia-Pacific region.

Major market player included in this report are:
Expedia Group
Domiruth PeruTravel
Quadrant Australia
Select Holidays
Star Destinations
Trump Tours
Farm To Farm Tours
Kansas Agritourism
A.C.T. Tours
AL VERNETO

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Overnight Stay
Special Events & Festivals
Off the Farm
Recreation Activities & Events

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Agritourism Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Agritourism Market, by Region, 2018-2027 (USD Billion)
1.2.2. Agritourism Market, by Type, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Agritourism Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Agritourism Market Dynamics
3.1. Agritourism Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Agritourism Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Agritourism Market, by Type
5.1. Market Snapshot
5.2. Global Agritourism Market by Type, Performance – Potential Analysis
5.3. Global Agritourism Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Agritourism Market, Sub Segment Analysis
5.4.1. Overnight Stay
5.4.2. Special Events and Festivals
5.4.3. Off the Farm
5.4.4. Recreation Activities And Events
Chapter 6. Global Agritourism Market, Regional Analysis
6.1. Agritourism Market, Regional Market Snapshot
6.2. North America Agritourism Market
6.2.1. U.S. Agritourism Market
6.2.1.1. Type breakdown estimates & forecasts, 2017-2027
6.2.2. Canada Agritourism Market
6.3. Europe Agritourism Market Snapshot
6.3.1. U.K. Agritourism Market
6.3.2. Germany Agritourism Market
6.3.3. France Agritourism Market
6.3.4. Spain Agritourism Market
6.3.5. Italy Agritourism Market
6.3.6. Rest of Europe Agritourism Market
6.4. Asia-Pacific Agritourism Market Snapshot
6.4.1. China Agritourism Market
6.4.2. India Agritourism Market
6.4.3. Japan Agritourism Market
6.4.4. Australia Agritourism Market
6.4.5. South Korea Agritourism Market
6.4.6. Rest of Asia Pacific Agritourism Market
6.5. Latin America Agritourism Market Snapshot
6.5.1. Brazil Agritourism Market
6.5.2. Mexico Agritourism Market
6.6. Rest of The World Agritourism Market

Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. Expedia Group
7.2.1.1. Key Information
7.2.1.2. Overview
7.2.1.3. Financial (Subject to Data Availability)
7.2.1.4. Product Summary
7.2.1.5. Recent Developments
7.2.2. Domiruth PeruTravel
7.2.3. Quadrant Australia
7.2.4. Select Holidays
7.2.5. Star Destinations
7.2.6. Trump Tours
7.2.7. Farm To Farm Tours
7.2.8. Kansas Agritourism
7.2.9. A.C.T. Tours
7.2.10. AL VERNETO
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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