Consumer Goods

Wildlife Hunting Tourism Will Grow At Highest Pace Owing To Increasing Emphasis On Wildlife Conservation

Ashish Thapa

Wildlife Hunting Tourism Will Grow At Highest Pace Owing To Increasing Emphasis On Wildlife Conservation

The wildlife hunting tourism market involves recreational hunting of animals like birds and large land mammals. This unique form of ecotourism helps raise considerable funds for wildlife conservation through licensing and permit fees paid by hunters. It contributes significantly to the livelihood of local communities residing near reserves and sanctuaries. Wildlife hunting is a multi-million dollar industry globally and offers employment to professional hunters as guides and outfitters.

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 adventure and eco-friendly tourism is fueling the wildlife hunting tourism industry. Technological advancements like GPS tracking, trail cameras, and eco-friendly ammunition are making the activity safer and more sustainable.

Market Trends

Two major market trends are ethical hunting practices and digital transformation. More hunting operators are adopting ethical standards that focus on fair chase, conservation efforts and humane treatment of animals. Digital services like online permits, virtual safaris, and geo-tracking of hunts are becoming mainstream. This is making wildlife tourism more accessible globally and improving monitoring of hunting activities.

Market Opportunities

One key opportunity is the untapped potential of emerging markets in Asia and Africa. Countries like India and South Africa are promoting responsible wildlife tourism that can drive future revenue growth. Secondly, packaged experiential tours combining lodging, guides and activities present an avenue to attract new participants and expand the customer base.

Impact of COVID-19 on Wildlife Hunting Tourism Market

The COVID-19 pandemic has severely impacted the Wildlife Hunting Tourism Size. With widespread travel restrictions and lockdowns imposed globally, the market witnessed a major decline in 2020. Many hunting camps and reserves were forced to shut down operations during this period due to health safety concerns. This led to cancellation of hunting expeditions and caused a steep fall in revenues for companies operating in this space. Post pandemic as well, hunting tourism is likely to take time to recover fully as safety concerns still remain for outbound travel among major tourist source markets. However, with rapid vaccination drives worldwide, the market is expected to rebound from 2022 onwards. Companies need to adapt to new safety protocols and diversify into local and regional markets to drive growth in the coming years.

Geographical Regions for Wildlife Hunting Tourism Market

In terms of value, North America accounts for the major share in the wildlife hunting tourism market currently. Countries like the US and Canada have a large number of hunting reserves and experienced hunting guides. Significant participation from domestic hunters also contributes to market revenues. Africa is poised to be the fastest growing region during the forecast period. Countries in Southern and East Africa offer unique experiences for hunting rare and exotic species. With improvements in infrastructure and easing of visa norms, the region is attracting more international hunters. Development of new hunting packages and promotion through global tours and travels companies can further accelerate growth from the African market.

For More Details On The Report, Read: https://www.newswirestats.com/wildlife-hunting-tourism-is-estimated-to-witness-high-growth/

Discover More Related Trending Articles: https://coolbio.org/virtual-reality-is-changing-the-face-of-gaming-industry/

Ashish Thapa

Wildlife Hunting Tourism: A Lucrative Yet Controversial

Poonam 2024-02-16

Introduction Wildlife hunting tourism has emerged as a major tourism industry across many parts of the world generating significant revenues but it is also a highly controversial practice. This article examines both the positive economic impacts of wildlife hunting tourism as well as the ethical and environmental concerns associated with it. Economic Benefits of Wildlife Hunting Tourism Revenue Generation Wildlife hunting brings in large amounts of foreign exchange through license fees and tourism expenditures. Ethical and Environmental Issues with Hunting Tourism Animal Welfare Concerns Hunting tourism is criticized on animal welfare grounds. Alternatives to Hunting Tourism Ecotourism Many argue non-lethal forms of Wildlife Hunting Tourism like ecotourism are more sustainable and ethical alternatives that can generate greater revenues long-term.

The Global Wildlife Hunting Tourism Market Growth Accelerated By Increased Preference For Wildlife Experiences

Mia Yates 2024-01-18

The growing interest in wildlife tourism experiences has boosted the global Wildlife Hunting Tourism Market. The global Wildlife Hunting Tourism Market is estimated to be valued at US$ 449. The growing popularity of wildlife viewing is expected to drive the wildlife hunting tourism market substantially over the forecast period. Segment Analysis The global wildlife hunting tourism market is dominated by the hunting of large game sub segment. Moreover, large game hunting tourism generates significant revenue for countries involved.

Exploring the Thriving Wildlife Hunting Tourism Scene

ashwinicmi 2024-04-05

Here, we delve into the world of Wildlife Hunting Tourism, examining its various facets, impacts, and the experiences it offers to adventurers around the globe. Destination Diversity: Wildlife hunting tourism encompasses a wide range of destinations, each offering unique hunting experiences. Cultural Immersion: Wildlife hunting tourism often provides participants with a chance to immerse themselves in local cultures and traditions. Economic Impact: Beyond conservation, wildlife hunting tourism has significant economic implications for host countries and communities. Educational Opportunities: Participating in wildlife hunting tours often provides educational opportunities for participants, fostering a deeper appreciation for nature and wildlife conservation.

What are Benefits of trekking gorillas twice in Uganda or Rwanda?

Davsafaristrips 2023-07-11

Therefore, visitors wishing to trek gorillas should consider visiting Uganda and Rwanda, as they offer a wide range of advantages. There are a number of benefits to trekking gorillas twice in Uganda or Rwanda, some of which are outlined below. By trekking gorillas twice in Uganda or Rwanda, visitors may have the chance to witness different gorilla habitats, behaviors and even personalities. Build a Relationship with the GorillasThe most important advantage of trekking gorillas twice is the chance to build a bond or even an actual relationship with the gorillas. ConclusionGorilla trekking twice in Uganda or Rwanda can be an incredibly rewarding experience.

How to spend 6 days with Gorillas and birding in Bwindi Impenetrable National park

DAV SAFARIS UGANDA 2022-08-04

How to spend 6 days with Gorillas and birding in Bwindi Impenetrable National parkWhat to do in Bwindi Impenetrable National Park for 6 days. The largest concentration of mountain gorillas—roughly half the total—can be found at Bwindi Impenetrable National Park. The itinerary for a week in Bwindi Impenetrable National Park is provided below. It takes roughly 9 hours to travel 540 kilometres from Kampala to Bwindi Impenetrable National Park. Both inside and outside of Bwindi Impenetrable National Park, a variety of lodging options are available for reservation.

Looking for Ranthambore Tour Packages at Low Price.

Trek walks 2019-09-06

At Trekwalks, we offer an affordable 2 nights and 3 days Jaipur Ranthambore weekend tour that your turn your boring weekend into an adventurous fun and leave you with lifetime memories. Ranthambore National Park is one of the best places to spot Indian tigers. It is located near Sawai Madhopur in Rajasthan about 130 km from Jaipur. Capture spectacular photos of the wild animals and the natural beauty of the park and make the Jaipur – Ranthambore Tour Packages an amazing experience that will remain etched in your mind forever.

WHO TO FOLLOW