Emerging Agritourism Industry (Market) Current Scenario

Emerging Agritourism Industry (Market) Current Scenario

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According to the report published by Allied Market Research, the global agritourism The market was priced at $42.46 billion in 2019 and is projected to reach $62.98 billion by 2027 and grow at a CAGR of 13.4% from 2021 to 2027.

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In recent years there has been a sharp increase in demand for farm stays around the world, along with a growing curiosity about rural activities, particularly among the younger generation. This, in turn, has fueled the growth of the agritourism market in more ways than one. At the same time, travel agencies in agritourism also play an important role in selling the agritourism packages as there is not really enough knowledge among individuals about ecotourism and related concepts.

The growth of the travel and tourism industry, government initiatives for agritourism and increasing adoption of agri-related businesses are driving the growth of the global agritourism market. However, lack of awareness among tourists and improper commercialization of agritourism are hampering the market growth. On the contrary, the increase in health awareness to support the uptake of agritourism is expected to create lucrative opportunities for market players in the future.

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The agritourism market is growing due to increasing demand for family activities, interest in local cuisine and farm experiences. Agritourism facilities are also in demand as young people’s interest in farming and rural life grows. One such opportunity for people to find peace and relaxation that they rarely find in urban environments is agritourism. The entire tourism and agritourism industry has been hit hard by COVID-19, but fewer cases of the virus and the discovery and use of the Corona virus vaccine around the world are…

source_link https://www.digitaljournal.com/pr/current-scenario-of-agritourism-industrymarket-by-emerging-trends-regional-insights-growth-opportunities-and-future-scope

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