Agritourism Market Scope
According to the United States, Travel Association, travel and tourism is a 1,036 billion dollar industry in the United States that has directly generated more than 8.8 million jobs and the travel industry of the United States ranks as the seventh-largest employer and among the top 10 industries in 49 states. Agritourism is travel organized around farming, small-scale food production or animal husbandry for the purpose of enjoyment and education are key parts of this often rural experience. This field is growing in popularity throughout the United States and around the world. This creates a unique opportunity to combine aspects of the tourism and agriculture industries to provide a number of financial, educational, and social benefits to communities, producers and tourists.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | BCD Group (Netherlands), Travel Leaders Group, LLC (United States), Expedia Group (United States), Booking Holdings Inc. (United States), China CYTS Tours Holding Co., Ltd (China), American Express Global Business Travel (United States), Fareportal (United States), AlTour International, Inc. (United States), Direct Travel, Inc. (United States) and World Travel Inc. (United States) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Agritourism market throughout the predicted period.
BCD Group (Netherlands), Travel Leaders Group, LLC (United States), Expedia Group (United States), Booking Holdings Inc. (United States), China CYTS Tours Holding Co., Ltd (China), American Express Global Business Travel (United States), Fareportal (United States), AlTour International, Inc. (United States), Direct Travel, Inc. (United States) and World Travel Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Omega World Travel, Inc. (United States), JTB Corporation (Japan), Ovation Travel Group (United States) and TUI Group (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Agritourism market by Type and Region with country level break-up.
On the basis of geography, the market of Agritourism has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2019, BCD Travel thas announced that it has acquired Milwaukee, Wis.-based Adelman Travel Group. Ranked by Travel Weekly at number 23 globally, Adelman is one of the largest full-service travel management companies in North America.
Influencing Trend:
Increasing Health Consciousness to Support Adoption of Agritourism
Market Growth Drivers:
Increased Promotional Activities for Agritourism, Increased Government Funding for Agritourism and High Consumer Demand for Local Food and Experiences
Challenges:
Lack of Awareness About These Types of Tourism
Restraints:
Unorganized Stricture of Agritourism
Opportunities:
High Revenue Generation Associated with Agritourism, Growth in the Tourism Industry Worldwide and Increasing Investments in Agritourism
Key Target Audience
Agritourism Providers, Emerging Companies, Research Professionals and End-users