Pune, 22 July 2020 (GLOBE NEWSWIRE) – Global agro-tourism market is expected to show surprising growth in the near future due to increased government initiatives to improve the agricultural economy through agro-tourism. This information was provided by Fortune Business Insights ™, in the newly published report, titled, “Agritourism Market Size, Share & Impact Analysis COVID-19, By Type (Direct Market, Education & Experience, and Events & Recreation), and Regional Forecast, 2020 – 2027” The report further states that market size is USD 69.24 billion in 2019 and is projected to achieve USD 117.37 billion in 2027, showing off a CAGR 7.42% during the forecast period (2020-2027).
Get More Insights into the Industry with the Impact of COVID-19 Analysis: https://www.fortunebusinessinsights.com/agritourism-market-103297
The emergence of the COVID-19 pandemic has affected almost every industry. However, because of the relaxation in the locking action, many companies have started the production process. However, they maintain social distance and low labor to prevent the spread of this deadly infection. Our special curation report will help you better understand various market scenarios. In this way, you will be able to adopt the most appropriate strategy for success in business.
This Report Answers the Following Questions:
- What are the drivers and obstacles to growth in this market?
- What are the opportunities and challenges in this market?
- Which segments are expected to lead in the coming years?
- Which regions are expected to dominate in the near future?
- What strategies have companies adopted to promote agro-tourism?
Get PDF Brochure Samples with “Short-term and Long-term Impacts of COVID-19” on the market,
Drivers & Restraints-
Transforming Property into Aims of Agritourism by Farmers to Help Growth
Tourism and recreation activities help in generating high incomes for agricultural agriculture throughout the world. Therefore, at present, various agricultural owners are shifting towards converting their property into agricultural tourism destinations quickly. This is a major driver of growth in the agro-tourism market. Agricultural Census data, for example, states that in the US, between the period 2002 and 2017, this income tripled from agriculture. This proves that investment in the agro-tourism business surged quickly because farmers suffered heavy losses due to low crop productivity.
How will COVID-19 Pandemic affect the Global Market?
- The current COVID-19 pandemic outbreak has greatly impacted the tourism sector.
- The locking action, as well as the total stopping of transportation in many countries around the world have affected this industry.
- Market statistics cannot be predicted because of the uncertainty associated with this situation.
- However, growth is likely to bounce back in the near future triggered by improvements in this situation.
Fortune Business Insights ™ presents a list of all the leading companies operating in the global Agritourism Market. They are as follows:
- Liberty Hill Farm – United States
- Harvest Travel International – United States
- Farm to Farm International – New Zealand
- Destinations STAR – United States
- Stita Group – United Kingdom
- Choose Vacation – Canada
- Agritours Canada Inc. – Canada
- Well Safaris – Kenya
- Field Farm Tours Limited – United Kingdom
- Greenmount Travel – Australia
The direct-market Agritourism segment is derived from the Increase in Sales of Agricultural Products
In terms of type, the direct market segment produced 36.06% in terms of agro-tourism market share. This growth is due to increased government investment to improve the agricultural economy. These agencies aim to increase sales of agricultural products to achieve their goals. Many tourists who admire the rural lifestyle are looking to buy authentic agricultural products and services while visiting the farm. It will further help improve the economy of farmers. Since the last few years, several agricultural owners have offered tourists various kinds of vegetables, fruits and other agricultural products. This factor will also contribute to the growth of this segment in the coming years.
Europe Remains at the Forefront Supported by the Adoption of a Unique Promotion Strategy
Geographically, Europe has revenues of USD 32.59 billion in 2019 and will dominate the market over the coming years. This growth was mainly due to the increasing interest of international and domestic tourists in agricultural agro-tourism for educational and recreational purposes. In addition, enormous government support, strengthening the range of products sold on livestock, and sophisticated strategies to promote the sale of agricultural products and services will contribute to market growth in the region.
Major Companies Involved in Collaborative Efforts to Gain Competitive Advantage
The market is very fragmented with the presence of many small, medium and large companies operating from various parts of the world. They mainly focus on collaboration with new local companies to promote their business and generate more income for farmers.
Below are two of the significant industrial developments:
- 2019: Field Farm Tours, a specialist in agricultural-based tour organizations around the world headquartered in the United Kingdom, is hosting Devon World Conference, IFMA Pre & Post Tours, World Charolais Congress, Red Poll World Conference, and 4th World Guernsey Conference to accelerate its income and strengthen their position.
- January 2017: Stayzilla, a homestay network in India, joins hands with the Agri Tourism Development Company (ATDC) to promote agritourism home stays in the country. This will help the company expand its footprint in rural tourism.
Complete Research Report Message:
Table of contents:
- Research Scope
- The market segmentation
- Research Formology
- Definition and Assumptions
- Business plan summary
- Market Dynamics
- Market Movers
- Market Restraints
- Market opportunity
- Trends that emerge
- Key Insights
- Tourism Market Overview
- Industry SWOT Analysis
- Supply Chain Analysis
- Latest Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Analysis, Insights and Forecast of the Global Agritourism Market, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Estimates
- By Type (Value)
- Direct market agritourism
- Education & Agritourism Experience
- Agro Tourism Events & Recreation
- By Region (Value)
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By Type (Value)
Get Your Specific Research Report:
Look at Related Research Insights:
Commercial Seed Market Size, Share, and Industry Analysis by Product Type (Genetic, Modified Seed, Conventional Seed), Plant Type (Cereals, Oilseeds, Fruits & Vegetables) and Regional Forecast 2018-2025
Market for Plant Protection Chemicals Industrial Size, Distribution and Analysis by Product Type (Herbicides, Insecticides, Fungicides), Origin (Synthetic, Bio-Based Chemicals) and Regional Forecast 2018-2025
Seed Care Market Size, Division and Analysis of Industry by Type (Synthetic, Biological Chemistry), Based on Function (Seed Protection, Seed Enhancement), With Application Techniques (Seed Coating, Seed Wrap, Seed Pellets), According to Seed Care Stage (On-Farm, Off-Agriculture), Based on Types of Plants (Cereals, Oilseeds, Fruits & Vegetables, Other Plants), and Regional Forecast 2018-2025
Biostimulant Market Size, Distribution, and Industry Analysis Based on Sources (Microbial and Non-microbial), With Active Ingredients (Seaweed Extracts, Humic Substances, Vitamins & Amino Acids, Microbial Changes, etc.), With Applications (Leaf Care, Soil Care , and Seed Treatment)), Based on Plants (Plant Rows, Fruits & Vegetables, Turf & Ornaments), and Regional Forecast 2019-2026
Biological fertilizer market Industrial Size, Distribution, and Analysis by Type (Determination of Nitrogen, Phosphate Solvents, etc.), Microorganisms (Rhizobium, Azotobacter, Azospirillum, Pseudomonas, Bacillus, VAM, etc.), Applications (Seed Care, Soil Care, etc.) ), By Crop, and Regional Forecast, 2019-2026
Probiotics in the Animal Feed Market Industrial Size, Distribution, and Analysis by Microbial Genus (Lactobacillus, Bifidobacterium, Yeast, and other microbes), By Application (Ruminants, Poultry, Pigs, Aquaculture, Other), and Regional Forecasts 2019-2026
Special Fertilizer Market Size, Distribution & Industry Analysis, by Type (Controlled loose fertilizers, Water soluble fertilizers, Agricultural Micro-Nutrients, and Special Fertilizers), Application Methods (Soil, Leaves, and Fertigation), Plant Types (Cereals, nuts & oilseeds , Fruits & Vegetables, and Turf & Ornaments), and Regional Forecast, 2019 – 2026
Fortune Business Insights ™ offers expert company analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions to our clients, helping them to overcome challenges that are unique to their business. Our aim is to empower our clients with holistic market intelligence, providing a detailed picture of the markets in which they operate.
Our report contains a unique mix of intangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants uses industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights ™, we aim to highlight the most profitable growth opportunities for our clients. Therefore, we offer recommendations, making it easier for them to navigate through changes in technology and related markets. Our consulting service is designed to help organizations identify hidden opportunities and understand existing competitive challenges.
Fortune Business Insights ™ Pvt. Ltd.
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.