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Global Wildlife Tourism Market to reach USD 263.3 billion by the end of 2029

Global Wildlife Tourism Market Size study & Forecast, by Group (Groups/Friends, Couples, Family, Solo) by Booking Mode (Direct, Travel Agent, Marketplace Booking) and Regional Analysis, 2022-2029

Product Code: OIRTT-69847207
Publish Date: 20-03-2023
Page: 200

Global Wildlife Tourism Market is valued approximately USD 143.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.9% over the forecast period 2022-2029. Wildlife Tourism Market is related to visiting and observing local animals and plants life in their natural habitat. Several national parks, wildlife sanctuaries and other ecosystems are made suitable or safe for wildlife tourism market. Increasing spending of tourists on Tourism sites located at forests such as, hotels, resorts and guesthouses helps in growing economy of the area. Wildlife Tourism market also helps creating many job opportunities to the local people. Developing tourism properties around forest, increasing awareness about wildlife conservation, increasing adventures at such areas, promotion of wildlife-based economies, reduction in wildlife destruction and various institutions contributing to development of wildlife are the major factors involved in driving the market growth.

According to the UNWTO Report, 14 nations in Africa collectively generate almost US$ 142 million in entrance fees for protected areas. The UN Biodiversity Conference (December 2016) ensured conference room papers (CRPs) on sustainable wildlife management and addressed marine debris, biodiversity in cold-water areas. In June 2015, Global Environment Facility (GEF) initiated Global Wildlife Program (GWP) for wildlife conservation. GWP was introduced to combat wildlife poaching and trafficking and it also expanded its focus on wildlife-based economies. GWP works on major issues related to wildlife such as Illegal wildlife trade, human-wildlife conflicts. Increasing wildlife conservation awareness through several initiatives taken by government and major institutions are boosting the development of wildlife tourism. Furthermore, promotion of wildlife-based economies, reduction in wildlife destruction and various institutions contributing to development of wildlife are factors involved in the growth of wildlife tourism market. Improving standards of local tribes and increasing wildlife photography are expected to create major market opportunities in the forecast period. However, Introduction of diseases in animals’ stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Wildlife Tourism Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, increasing global travelers, increasing travel spending, importance of flora and fauna and awareness of conservation. Europe is expected to grow with the highest CAGR in the forecast period. UK, Germany, and France are the largest European countries contributing to wildlife tourism. The growing demand for sustainable wildlife, well-educated tourists and growing love for nature in the region driving the growth of the market.

Major market player included in this report are:
Exodus Travels Limited
Poseidon Expeditions
50 Degrees North Limited
Chinkara Journeys
Birding Ecotours
Elm Wildlife Tours
Rockjumper Birding Ltd
Absolute Zambia Safaris Ltd
The G Adventures

Recent Developments in the Market:
 In May 2022, Exodus Travels Ltd. Won the sustainability champion award at the 2020 Which? For its positive aim to preserve the wildlife for generations to come.
 In November 2022, G Adventures invested a positive amount in Reforest, a digital platform that links travellers to local communities, focusing on reforestation.
Global Wildlife Tourism Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Group, Booking Mode, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Group offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Group:
By Booking Mode:
Travel Agent
Marketplace Booking
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Wildlife Tourism Market, by Region, 2019-2029 (USD Billion)
1.2.2. Wildlife Tourism Market, by Group, 2019-2029 (USD Billion)
1.2.3. Wildlife Tourism Market, by Booking Mode, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wildlife Tourism Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wildlife Tourism Market Dynamics
3.1. Wildlife Tourism Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Developing tourism properties around forest Increasing awareness about wildlife conservation
3.1.2. Market Challenges Introduction of diseases
3.1.3. Market Opportunities Improving standards of local tribes Increasing wildlife photography
Chapter 4. Global Wildlife Tourism Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Wildlife Tourism Market, by Group
6.1. Market Snapshot
6.2. Global Wildlife Tourism Market by Group, Performance – Potential Analysis
6.3. Global Wildlife Tourism Market Estimates & Forecasts by Group 2019-2029 (USD Billion)
6.4. Wildlife Tourism Market, Sub Segment Analysis
6.4.1. Groups/Friends
6.4.2. Couples
6.4.3. Family
6.4.4. Solo
Chapter 7. Global Wildlife Tourism Market, by Booking Mode
7.1. Market Snapshot
7.2. Global Wildlife Tourism Market by Booking Mode, Performance – Potential Analysis
7.3. Global Wildlife Tourism Market Estimates & Forecasts by Booking Mode 2019-2029 (USD Billion)
7.4. Wildlife Tourism Market, Sub Segment Analysis
7.4.1. Direct
7.4.2. Travel Agent
7.4.3. Marketplace Booking
Chapter 8. Global Wildlife Tourism Market, Regional Analysis
8.1. Wildlife Tourism Market, Regional Market Snapshot
8.2. North America Wildlife Tourism Market
8.2.1. U.S. Wildlife Tourism Market Group breakdown estimates & forecasts, 2019-2029 Booking Mode breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Wildlife Tourism Market
8.3. Europe Wildlife Tourism Market Snapshot
8.3.1. U.K. Wildlife Tourism Market
8.3.2. Germany Wildlife Tourism Market
8.3.3. France Wildlife Tourism Market
8.3.4. Spain Wildlife Tourism Market
8.3.5. Italy Wildlife Tourism Market
8.3.6. Rest of Europe Wildlife Tourism Market
8.4. Asia-Pacific Wildlife Tourism Market Snapshot
8.4.1. China Wildlife Tourism Market
8.4.2. India Wildlife Tourism Market
8.4.3. Japan Wildlife Tourism Market
8.4.4. Australia Wildlife Tourism Market
8.4.5. South Korea Wildlife Tourism Market
8.4.6. Rest of Asia Pacific Wildlife Tourism Market
8.5. Latin America Wildlife Tourism Market Snapshot
8.5.1. Brazil Wildlife Tourism Market
8.5.2. Mexico Wildlife Tourism Market
8.6. Rest of The World Wildlife Tourism Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Exodus Travels Limited Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Poseidon Expeditions
9.2.3. 50 Degrees North Limited
9.2.4. Chinkara Journeys
9.2.5. Birding Ecotours
9.2.6. Elm Wildlife Tours
9.2.8. Rockjumper Birding Ltd
9.2.9. Absolute Zambia Safaris Ltd
9.2.10. The G Adventures
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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