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Agritourism Market Size

  • Report ID: GMI10112
  • Published Date: Jul 2024
  • Report Format: PDF

Agritourism Market Size

Agritourism Market size was valued at USD 7.9 billion in 2023 and is estimated to register a CAGR of over 11% between 2024 and 2032. As sustainability has become a priority, tourists are increasingly drawn toward experiences that promote environmental stewardship and local culture. Agritourism offers immersive experiences that connect visitors with sustainable agricultural practices and rural lifestyles. There is a growing consumer interest in organic and locally sourced foods as well.

 

Agritourism provides a platform for consumers to connect with the sources of their food and understand the benefits of organic and local produce. For instance, in May 2024, Onondaga county announced grants totaling USD 750,000 for local farms to enhance their agritourism offerings. These grants, which can be up to USD 15,000 per farm, are aimed at helping farmers diversify their income through projects such as farm stays, educational tours, and local food sales. The initiative aims to create an agritourism trail to attract more visitors to the region.
 

Farmers are increasingly diversifying their income streams through agritourism. By offering activities such as farm stays, tours, and hands-on agricultural experiences, farmers can generate additional revenue. Consumers are looking for authentic experiences that provide educational value, such as learning about farming, food production, and local traditions. Agritourism fulfills this need by offering hands-on activities and educational tours. For instance, in April 2024, AgriTours Canada, launched a new website, focusing on educational agricultural tours within and outside Canada. It aims to promote learning and knowledge sharing in agriculture through its rebranded services.
 

Agritourism activities are often highly seasonal, depending on specific times of the year when agricultural activities are at their peak. This can lead to fluctuations in visitor numbers and revenue streams. Many rural areas lack the necessary infrastructure to support increased tourist numbers such as adequate transportation, accommodation, and basic amenities. Agritourism businesses, especially smaller ones, often struggle with marketing and reaching potential customers. Achieving economic viability can be challenging due to the high initial investment associated with setting up agritourism facilities and the ongoing costs of maintaining these operations.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of agritourism reached USD 7.9 billion in 2023 and is set to witness over 11% CAGR between 2024 and 2032, due to the increased desire for unique travel experiences and government support for rural economies.

The on-farm sales segment in the agritourism industry accounted for USD 2.2 billion in 2023, owing to the rising consumer demand for local, increasing organic production, and higher health awareness.

North America market held 40% revenue share in 2023, driven by its diverse agricultural landscape, robust tourism infrastructure, and educational experiences supported by state tourism boards and agricultural services.

AGRILYS Voyages, Agritours Canada, Agriturismo France, Bay Farm Tours, Expedia Group, Farm To Farm Tours, Field Farm Tours, Greenmount Travel, Harvest Hosts, Select Holidays, Star Destinations, and Trump Tours.

Agritourism Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 295
  • Countries covered: 24
  • Pages: 270
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