Wildlife hunting tourism involves hunting various wildlife species in their natural habitat for recreation and sports. Hunting activities include big game hunting, bird hunting, and trophy hunting. These activities not only provide unique wildlife experiences but also help conserve endangered species by generating tourism revenues. The growing interest in wildlife tourism experiences has boosted the global Wildlife Hunting Tourism Market.
The global Wildlife Hunting Tourism Market is estimated to be valued at US$ 449.8 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased preference for unique wildlife experiences has been a key trend fueling the growth of the wildlife hunting tourism market. More tourists are incorporating wildlife activities and adventures into their itineraries to get close to nature. Hunting tours allow people to view various species in their natural habitats while also learning about conservation efforts. This has increased the demand for curated hunting packages and tours. Tour operators are developing specialized programs focused on providing one-of-a-kind wildlife interactions. The growing popularity of wildlife viewing is expected to drive the wildlife hunting tourism market substantially over the forecast period. Furthermore, social media is boosting interest in wildlife adventures as people share their hunting experiences online.
Segment Analysis
The global wildlife hunting tourism market is dominated by the hunting of large game sub segment. This is because hunting of large games such as deer and bears is the most popular and attractive activity for international hunters. Large mammals offer exciting adventure and thrill of hunting. Moreover, large game hunting tourism generates significant revenue for countries involved.
Key Takeaways
The Global Wildlife Hunting Tourism Market Size is estimated to be valued at US$ 449.8 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030.
Regional analysis: The North American region is expected to remain the fastest growing and largest market for wildlife hunting tourism during the forecast period. This is due to presence of abundant large game population and strong hunting tradition in countries like United States and Canada. Further, liberation of hunting licenses and permits is also boosting the regional market.
Key players: Key players operating in the wildlife hunting tourism market are Abbott Laboratories, Thermo Fisher Scientific, Inc, Drägerwerk. Abbott Laboratories offers diagnostic testing kits for detecting poaching and illegal wildlife trade. While Thermo Fisher Scientific provides genetic screening solutions to conservation authorities for identifying poached species. Drägerwerk supplies analytical instruments for wildlife forensic investigations globally.
For More Insights, Read: https://www.newswirestats.com/wildlife-hunting-tourism-market-demand-growth-and-regional-outlook-by-2030/
