Saturday, November 9, 2024 The global wildlife tourism market is on a robust growth trajectory, driven by shifts in consumer behavior, advancements in technology, and an increased focus on sustainability. As travelers increasingly seek immersive, eco-conscious experiences, wildlife tourism is emerging as a major sector in the global tourism industry. The latest research indicates that the wildlife tourism market, valued at USD 136.
83 billion in 2022, is anticipated to reach USD 249.45 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.9% over the forecast period (2024-2031).
Several factors are fueling the growth of wildlife tourism, including: The wildlife tourism market report segments the market by group type (solo, couple, family, groups/friends) and booking mode (direct booking, marketplace booking, and travel agent). This segmentation allows stakeholders to understand and target specific customer preferences, offering tailored travel packages that enhance the tourist experience. The wildlife tourism market is spread across several key regions, with each contributing to the industry’s overall growth: Leading players in the wildlife tourism market include TUI Group, G Adventures, Lindblad Expeditions, and Natural Habitat Adventures.
These companies are at the forefront of innovative, sustainable tourism practices and are expanding their service offerings to attract a global audience. Partnerships, mergers, and acquisitions are common as companies seek.