Future Market Insights’ publication on the global agritourism market infers that the market is expected to surpass US$ 622.1 Bn by 2029.
Rapid population expansion has heightened the importance of agriculture in order to produce more food. Moreover, people in urban areas are hungry for knowledge regarding the farming practices employed on the field. Thus, governments have bolstered efforts to promote agritourism by introducing educational programs, communities and societies linking farmers and consumers.
Agritourism has greatly bolstered economic growth by supporting development of rural infrastructure. As farm visits increase, connectivity in the form of roadways and railways has heightened. Moreover, farmers and local communities have grabbed this opportunity to supplement their existing incomes as they charge a fee for letting people visit their farms.
Growth is also underpinned by urban dwellers looking for a rural getaway for vacations. An agro-based trip provides the opportunity of interacting with nature.
“Tourism companies are providing a firm foundation to rural development by increasing their investments in agritourism, thus promoting socio-cultural enhancement and economic growth,” says the FMI analyst.
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Key Takeaways from FMI’s Agritourism Market Study
Agritourism Market- Key Trends
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Agritourism Market- Region-wise Analysis
Agritourism Market- Competitive Landscape
The global agritourism market is interspersed with a plethora of market players. These vendors are resorting to forging partnerships with tourism companies, top-of-the-line service provision and aggressive social media marketing to acquire a competitive edge over their rivals.
Some prominent players in this landscape include Bay Farm Tours, Field Farm Tours, AGRILYS VOYAGES, AL VERNETO, Star Destinations, Select Holidays, Expedia, Kansas Agritourism and A.C.T Tours among others.
In 2015, Expedia successfully acquired HomeAway, in order to broaden its vacation, rental services, apartments and hotel facilities. The acquisition was valued at nearly US$ 4 billion. Currently, Expedia owns 1.5 million properties worldwide. Also, in 2019, Field Farm Tours organized the Red Poll World Conference as well as other promotional events to aid in its revenue generation.
Agritourism Market Taxonomy
Activities
Tour Types
Consumer Demographics
Age Group
Booking Channel
Region/Country
Get Valuable Insights into Agritourism Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global agritourism market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the agritourism market based on five segments across six major regions. The report lucidly presents both quantitative and qualitative analyses of the prominent growth drivers, prompting stakeholders to model their business models accordingly. A detailed competitive analysis allows readers to undertake appropriate risk assessment and take informed decisions.
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1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Product Evolution Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Market strategy
4.2. Strategic Promotional Strategies
4.3. Social Media Sentiment Analysis
4.4. PESTLE Analysis
5. Global Electronic Musical Instrument Market – Pricing Analysis
5.1. Pricing Analysis By Product Type
5.2. Pricing Break-up
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
5.3. Average Pricing Analysis Benchmark
6. Global Electronic Musical Instrument Market Demand Analysis 2014-2018 and Forecast, 2019-2029
6.1. Historical Market Shipment (Mn Units) Analysis, 2014-2018
6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
6.3. Y-o-Y Growth Trend Analysis To Be continues…
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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