March 1, 2024
Wildlife Hunting Tourism Market

Wildlife Hunting Tourism Market Set To Propelled By Increasing Conservation Advocacy

Wildlife hunting tourism involves organized trips and safaris focused on observing and hunting wildlife species in their natural habitats. These activities provide recreational opportunities to interact with wildlife and experience outdoor adventure. While hunting certain species helps control overpopulation and generates funds for conservation efforts, it has also faced opposition from animal welfare advocates.

The global wildlife hunting tourism market is estimated to be valued at US$ 449.8 million in 2024 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:

Increasing advocacy and campaigns against hunting of endangered species by animal welfare organizations have bolstered conservation efforts. Several countries and states have imposed stricter regulations on hunting licenses and quotas to promote sustainable wildlife management. Growing ecotourism has also provided alternative revenue sources for many reserves and national parks, reducing dependence on hunting revenues. Meanwhile, industry players are promoting hunts of abundant and invasive species to gain support for regulated hunting. The key trend of rising conservation awareness is driving shifts towards sustainable wildlife utilization and protection of threatened fauna.

SWOT Analysis

Strength: Wildlife hunting tourism offers activities like safaris and bird watching in natural parks and habitats, attracting tourists interested in exploration and adventure. It generates significant revenues for the preservation of protected lands and species.

Weakness: Unregulated or illegal hunting can threaten endangered species and disrupt fragile ecosystems. Poor implementation of rules may damage the environment and animal welfare.

Opportunity: Growing global interest in ecotourism and sustainable travel presents an opportunity to promote regulated wildlife hunting tourism with proper conservation practices. New regional reserves can be developed sustainably.

Threats: Climate change induced natural calamities may impact wildlife habitats. Strict regulations or bans imposed by governments in some countries pose challenges.

Key Takeaways

The Global Wildlife Hunting Tourism Market Size is expected to witness high growth. The global wildlife hunting tourism market is estimated to be valued at US$ 449.8 million in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030.

Regional analysis comprises the regions of North America and Europe currently dominate the market and are expected to continue their dominance over the forecast period. Countries like the US, Canada, Germany, France and the UK have a large number of protected natural areas that support various wildlife hunting activities.

Key players operating in the wildlife hunting tourism market are Abbott Laboratories, Thermo Fisher Scientific, Inc, Drägerwerk. Regulated wildlife hunting helps generate vital funding for conservation programs. However, illegal poaching remains a persistent threat to endangered populations in some areas. Sustainable ecotourism practices that prioritize animal welfare and environmental protection are important for long-term viability of the market. Strict monitoring and cooperation across international borders can help curb illicit activities.

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