Wildlife hunting tourism involves hunting of wild animals such as deer, boars, bears, etc. for recreational and adventure purposes. Hunting activities are carried out under supervision of trained professionals and strict compliance of wildlife protection laws. Growing popularity of adventure tourism and people’s interest in unique experiences has increased tourism revenue for wildlife reserves and national parks. Weapons and equipment essential for hunting including rifles, clothing, accessories, etc. are sold or rented to tourists. Guided hunting tours help tourists track animals, ensure safety and procedures are followed as per regulations.
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 Dynamics:
The growing interest of people in adventure tourism is expected to drive the growth of global wildlife hunting tourism market over the forecast period. Adventure tourists are keen to try unique experiences while traveling and wildlife hunting under guidelines offers them an adrenaline pumping activity. Furthermore, several national parks and wildlife reserves have started promoting guided hunting tours as a means to generate additional revenue from tourism. Controlled hunting helps maintain ecological balance and supports conservation efforts. However, concerns over animal welfare and strict laws associated in some regions can hamper the market growth. Nonetheless, growing tourism industry and economic prosperity in developing regions will likely provide opportunities for market expansion.
Segment Analysis
The wildlife hunting tourism market can be segmented into hunting by type, purpose and region. Based on type, the market can be categorized into bird hunting, waterfowls hunting and land animals hunting. Among these, land animals hunting forms the dominating segment owing to the high popularity and participation in hunting exotic animals like deer and boars. The waterfowls hunting segment is also gaining traction due to the increasing duck and goose hunting expeditions being organized across regions.
PEST Analysis
Political: Regulations around hunting licenses, species protection and seasonal hunting influence the market. Various governing bodies prescribe policies regarding hunting.
Economic: The overall economic growth and rising disposable incomes have been positively impacting the tourism industry, thereby benefiting wildlife hunting tourism.
Social: Changing attitudes towards nature conservation and animal welfare can affect the acceptability of wildlife hunting as a tourism activity. However, localized community interests involve revenue generation from hunting.
Technological: Technology use in hunting equipment like scopes, rangefinders, trail cameras and communication devices have enhanced the experience. GPS and GIS mapping helps explore new hunting territories.
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 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030.
North America dominates the market currently due to rising hunters population and easy accessibility to hunting territories in countries like US and Canada. Latin America is also emerging as a fast growing regional market with countries actively promoting hunting tourism.
Key players operating in the wildlife hunting tourism market are Abbott Laboratories, Thermo Fisher Scientific, Inc, Drägerwerk. Key players operating in wildlife hunting tourism are focusing on offering specialized hunting packages and expanded regional presence to tap new markets. Tourism boards and regional authorities are also collaborating with key players to promote their destinations for hunting activities.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
