Wildlife Hunting Tourism Market Revenue Growth Statistics, Size Estimation, Upcoming Trends By 2023-2030 | Safari Club International, Cabela's

The Wildlife Hunting Tourism Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Wildlife hunting tourism involves hunting activities carried out by tourists and foreign visitors to various wildlife habitats and natural reserves. Products and services associated with this market include hunting tours, equipment rental, guide services, trophy preservation, and meat processing.

Market Dynamics:

The wildlife hunting tourism market is expected to gain traction over the forecast period due to increasing participation in recreational and sport hunting activities. According to statistics, approximately 16 million Americans participate annually in hunting, and hunting-related expenditure was close to $90 billion in the United States in 2021. Additionally, many developed countries in Europe have legalized sport hunting of select animal species that helps drive the overall market growth. Countries including Finland, Sweden, Norway, and Poland have seen a rise in hunting tourism over the past few years.

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Top Key Players are Covered in this Report:

★ Safari Club International
★ Cabela's
★ Bass Pro Shops
★ Remington Outdoor Company
★ Beretta
★ Hunters Hill Safaris
★ Weatherby
★ Leica
★ Winchester Ammunition
★ Orvis
★ Hornady
★ Blaser Group
★ Zeiss
★ Sako
★ Norma

Detailed Segmentation

By Type: Big Game Trophy, Small Game Trophy, Skill Hunting
By Species type: Ungulates, Rodents, Birds, Carnivores, Others
By Contribution: Transportation, Accommodation, Food & Dining, Equipment, Others

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Wildlife Population Rise Represents A Major Driver For Increased Wildlife Hunting Tourism

One of the key drivers fueling growth in the wildlife hunting tourism market is the rise in global wildlife populations in recent decades. Several species of animals that were once endangered such as ducks, deer, wild boars, and game birds have seen their numbers recover thanks to improved conservation efforts and habitat protection initiatives undertaken by governments and environmental agencies around the world. The growing abundance of wildlife has directly translated to higher quotas for licensed hunting, providing more opportunities for hunting tourism. Countries with large tracts of land such as Canada, Russia, South Africa and Zimbabwe have particularly benefited due to stable or increasing ungulate and large mammal populations in their forests and grasslands.

Growing Interest in Experiential Travel Has Boosted Demand for Wildlife Hunting Holidays

Another major driver propelling the wildlife hunting tourism industry is the rising global interest in experiential and adventure forms of travel. More modern tourists are seeking unique, immersive experiences that allow them to learn new skills, engage with nature and local communities, and take part in activities unlike their daily jobs and routines. Wildlife hunting with trained local guides provides the thrills of the hunt combined with opportunities for outdoor exploration, wildlife spotting, archery or firearms practice in scenic natural settings. Several tourism boards have capitalized on this trend by deliberately marketing hunting packages as a different kind of experiential travel. The exclusive, luxury lodges and camps especially cater to older, affluent clients seeking authentic local cultural interactions during their holidays.

Strict Regulations Represent A Key Restrain on Industry Growth

While populations of some hunted species have increased keeping quotas high, stringent regulations around wildlife hunting practices pose a key restrain on the further growth potential of this tourism sector. Most countries have understandably established detailed rules and license conditions to ensure activity is sustainable and does not endanger vulnerable populations over time. Regulations cover aspects such as approved hunting seasons, bag limits on daily takes, licensing of hunting areas and guides, restrictions on hunting methods, meat utilization requirements and safety protocols. Complex regulations tend to increase operating costs for tour operators and hunting reserves while dissuading some casual hunters due to higher paperwork and compliance burdens. Tightening rules as conservation priorities evolve could constrain the supply of hunting packages.

Emerging Markets Present Major Opportunities for Industry Expansion

One of the biggest opportunities for players in the wildlife hunting tourism industry lies in tapping emerging markets in Asia Pacific and other developing regions that are witnessing a rise in their affluent population cohorts. Countries like India, China, Vietnam, Indonesia and Brazil have small current participation rates in international hunting holidays due to factors such as lack of hunting traditions and restrictive outbound tourism policies historically. However, as discretionary incomes rise along with greater global exposure through business and internet travel, these markets are expected to increasingly contribute to the hunting tourist source base. Tourism boards and outfitters who make early inroads to build cultural understanding and nuanced packages customized for these new clientele could reap first-mover benefits as participation rates in the world's fastest growing economies scale up in the coming decade.

Shift Towards Sustainable Hunting Practices is A Significant Emerging Trend

A notable trend impacting the future dynamics of the wildlife hunting tourism industry is the move towards more sustainable and community-inclusive hunting practices. In response to climate concerns and demands of younger, millennial travelers for ethical experiences, many hunting concessions are embracing low-impact, photo-based hunting alternatives involving non-lethal population monitoring. There is also a discernible shift towards aligning hunting quotas and income distribution more closely with local tribal communities inhabiting reserve areas to promote long-term habitat stewardship. The gradual industry-wide transition towards prioritizing sustainability promises to help enhance the sector's reputation while opening avenues for new pro-conservation client segments. Embracing regenerative tourism models could help counter consumer pushback and cement hunting holidays as a driver of green economic development.

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The report answers a number of crucial questions, including:

✦ Which companies dominate the global Wildlife Hunting Tourism market?
✦ What current trends will influence the market over the next few years?
✦ What are the market's opportunities, obstacles, and driving forces?
✦ What predictions for the future can help with strategic decision-making?
✦ What advantages does market research offer businesses?
✦ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
✦ What is the anticipated growth rate for the Wildlife Hunting Tourism market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Wildlife Hunting Tourism Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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