Wildlife hunting tourism involves hunting animals like deer, birds, bears and other wildlife species as a recreational activity while traveling to exotic locations. The global wildlife hunting tourism market has witnessed significant growth owing to the growing preference among millennial and generation Z travelers seeking unique travel experiences. Wildlife hunting excursions offer adventurous recreational activities like trekking in jungles and forests accompanied by skilled guides, learning about wildlife from experts and engaging in ethical hunting practices. For many hunters, it serves as a way to get closer to nature while harvesting their own meat supply.
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 market 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.
The growing demand for unique travel experiences is driving the wildlife hunting tourism market. Many millennials and generation Z travelers are interested in experiential vacations involving adventure activities like wildlife hunting that enables them to learn new skills, get up close to nature and try local cuisines harvested through the activity. This is positively impacting the global wildlife hunting tourism market.
The market is also witnessing growth due to the rising global expansion of key travel operators offering wildlife hunting tourism packages. Several companies are diversifying their travel portfolios to include exotic destinations and customized wildlife hunting tours in regions across Africa, North America, Asia and Latin America to tap the incremental demand. This widespread availability of packages is supporting the growth of the overall market.
Market drivers
The increasing popularity of social media influencers promoting wildlife hunting as an adventurous travel activity is a key driver for the market. Several hunting bloggers and vloggers document their travel expeditions, providing an insider perspective that interests more travelers. Moreover, the realization that regulated wildlife hunting helps conservation efforts by funding protection of endangered species and their habitats also encourages participation in ethical wildlife hunting tours and cruises.
Impact of geopolitical situation on the growth of Wildlife Hunting Tourism Market
The current geopolitical instability and tensions in certain regions are adversely impacting the growth of the wildlife hunting tourism market. Ongoing border disputes, regional conflicts and tensions involving major tourist generating countries have deterred travel to affected destinations. Heightened security concerns in parts of Asia, Africa and Eastern Europe have discouraged wildlife hunting tourists from venturing into politically volatile areas. However, countries perceived as safe and stable continue to attract hunters. Looking ahead, normalization of relations and resolution of conflicts will be crucial for the industry's recovery. Market players must also diversify and promote unexplored regions as alternative destinations to offset risks from politically unstable markets.
Geographical regions with high market concentration in Wildlife Hunting Tourism Market
North America currently accounts for the largest share of the global Wildlife Hunting Tourism Size in terms of value. Countries such as the USA have a strong hunting culture and provide opportunities to hunt various game species across vast territories. Abundance of wildlife along with high purchasing power of hunters in the region has further aided market growth. Africa is another region with high market concentration, driven by Southern African nations like South Africa and Botswana. They offer the unique prospect of hunting Big Five game and possess ideal climatic conditions for the activity throughout the year.
Fastest growing region in the Wildlife Hunting Tourism Market
Central and Eastern Europe is expected to witness the fastest growth in the wildlife hunting tourism market during the forecast period. After the fall of the Soviet Union, previously inaccessible hunting destinations in Russia and other former communist countries opened up for foreign hunters. Ongoing development of tourism infrastructure to international standards will aid the industry's expansion. countries in this region offer diverse game including deer, boar, bear and bird species at relatively affordable prices. With improving regional stability and growing tourism promotion, the market size is projected to increase substantially in Central and Eastern European nations.
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