Market Overview
The global wildlife hunting tourism market is witnessing significant growth owing to the increasing popularity of eco-tourism and adventure vacations. Wildlife hunting tourism involves hunting exotic wild animals while learning about local culture and contributing to conservation efforts. It allows travelers to hunt animals like deer, boar, birds, and other large game in their natural habitats. This unique travel experience helps generate income for local communities and funds for preserving natural ecosystems.
The Global wildlife hunting tourism market is estimated to be valued at US$ 1.69 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 To 2031.
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. The growing interest in adventure travel and eco-tourism is fueling the demand for wildlife hunting tourism activities. Various technologies like virtual reality, GPS tracking, night vision, and thermal imaging are enhancing the wildlife hunting experience.
Market Trends
Some of the key trends being observed in the Wildlife Hunting Tourism Market Demand include growing popularity of short escapes and micro-vacations. More travelers are looking for condensed yet impactful outdoor experiences. Another trend is the rise of female travelers participating in hunting trips. Several tour operators are curating special programs to encourage women travelers.
Market Opportunities
The untapped regions in Africa and South America present significant opportunities for wildlife hunting tour operators to expand. Customized experiential tours focused on culture, photography, and volunteerism along with hunting can boost revenues. Technologies allowing virtual hunting without harming animals also open up new revenue streams. Investments in sustainability efforts, rural development, and conservation can help the industry grow responsibly.
Impact of COVID-19 on Wildlife Hunting Tourism Market
The COVID-19 pandemic has significantly impacted the wildlife hunting tourism market. Travel restrictions imposed by various governments globally led to suspension of wildlife hunting activities from March 2020. This declined revenues in the initial months as bookings were cancelled. Postponement of planned trips decreased new reservations. Operators faced financial troubles with no source of income for several months.
However, as lockdowns eased in late 2020, the market has started recovering slowly. Demand is increasing from regions with safe travel protocols. Players are following strict safety guidelines like reduced group sizes, sanitization practices, social distancing during activities. Advance bookings for 2021 trips indicate progress, though the market is still below pre-COVID levels. International travel constraints continue to dent revenues from key overseas markets.
Full recovery may take longer for the wildlife hunting tourism industry. Future growth depends on evolving pandemic situation, success of vaccination programs worldwide. Resumption of global mobility will be a major boost. Operators need to implement flexible cancellation policies, focus on local/domestic clients to mitigate foreseeable risks from future outbreaks. Digital marketing can aid in regaining lost customer confidence.
In terms of geography, Africa concentrates maximum value for the wildlife hunting tourism market as popular African wildlife destinations attract large volumes. Countries like South Africa, Zimbabwe and Tanzania lead the African hunting tourism industry. North America is the fastest growing regional market, fueled by increasing participation in hunting activities as a recreation sport in the United States.
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