June 16, 2024
Wildlife Hunting Tourism Market

Wildlife Hunting Tourism Is Estimated To Witness High Growth Owing To Advancements In Tour Reservation Systems

Wildlife hunting tourism involves activities related to hunting wildlife fauna such as deer, birds, bears, and other animals. It helps generate additional income for countries with rich biodiversity reserves and provides recreational activity to hunting enthusiasts. Key attractions for wildlife hunting tourism include guided hunting trips, rental of firearms and other hunting equipment, booking of cabins and lodges in forests and national parks.

The Global Wildlife Hunting Tourism Market is estimated to be valued at US$ 518.17 Mn in 2024 and is expected to exhibit a CAGR of 5.0%  over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Wildlife Hunting Tourism are Abbott Laboratories, Thermo Fisher Scientific, Inc, Drägerwerk AG & Co. KGaA, Laboratory Corporation of America Holdings, Quest Diagnostics, Alfa Scientific Designs, Inc, Lifeloc Technologies Inc, Lion Laboratories Limited, OraSure Technologies, Inc, Omega Laboratories, Inc., Shimadzu Corporation, Siemens Healthineers, F. Hoffmann-La Roche AG, Premier Biotech, Inc, Psychemedics Corporation, Innovative Testing Solutions, Biopanda Reagents Ltd, Alpha Laboratories, Matrix Diagnostics, Atlas Medical, Rapid Labs Limited, and Randox Laboratories Ltd.

Key opportunities in the market include scope for increasing the number of hunting reserves and introduction of curated hunting packages and tours targeting different user segments. Technological advancements such as use of GPS devices, thermal imaging, and drones help hunters track animals efficiently and safely.

Market drivers for the wildlife hunting tourism market include growing interest of millennials in adventure and eco-tourism, emerging opportunities for photo safaris and sightseeing tours attracting non-hunters as well, and support from governments and local communities to promote hunting as a means for conservation of endangered species and their habitats.

Current Challenges in Wildlife Hunting Tourism Market

The Wildlife Hunting Tourism Size faces several challenges such as stringent regulations related to hunting licenses and conservation of endangered species. There is growing involvement of animal rights organizations that are opposing hunting of wildlife for recreational purposes. Moreover, the market players operating in this industry have to abide by various rules and regulations enforced by wildlife protection authorities of different countries. Changes in government policies regarding hunting of certain types of animals pose operational challenges. High costs associated with wildlife hunting tourism including license fees, equipment, and travel are also restricting the potential growth of this market.

SWOT Analysis

Strength: Wildlife hunting provides monetary benefits that support conservation efforts. Regulated hunting helps maintain animal population balance and biodiversity.

Weakness: Ethical concerns over killing animals for sport. Strict licensing conditions can deter new entrants.

Opportunity: Growing demand for adventure tourism experiences. Developing virtual/digital hunting simulations can attract new audience.

Threats: Natural calamities can impact local habitats and species. Strong anti-hunting lobbying can influence hunting policies negatively.

Geographical Regions

In terms of value, North America accounts for the major share in the wildlife hunting tourism market owing to presence of large hunting preserves and higher per capita spending capacity of consumers in USA and Canada.

Africa is emerging as the fastest growing region for wildlife hunting tourism market driven by tourism initiatives in countries like South Africa, Zimbabwe and Tanzania that are promoting big-game hunting to visitors from all over the world.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it