Wildlife Hunting Tourism Market is Anticipated to Witness High Growth Owing to Increasing Participation in Hunting Activities

Wildlife Hunting Tourism Market

Wildlife hunting tourism involves hunting of game animals like deer, birds, bear and other trophy animals in the wild for leisure or sport. It plays a significant role in wildlife conservation efforts through the licences and permits issued to hunters. The recreational activity generates substantial tourism revenue in countries where it is legally permitted. The growing interest of people especially from developed nations in open field hunting experiences is driving the market growth.

The global wildlife hunting tourism market is expected to be valued at US$ 1.69 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period of 2024 to 2031.

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 market players are focusing on expansion plans through partnerships with local operators to tap opportunities in emerging hunting destinations.

The key opportunities in the Wildlife Hunting Tourism Market Demand  include growing participation of women in hunting activities and rising number of game animal species that can be hunted. Countries in Africa and South America offer the most diverse range of wildlife species for hunting tourism. Moreover, operators are promoting regional hunting packages to attract global tourists looking for once-in-a-lifetime hunting experiences.

Market drivers:

Increasing participation: There has been rising interest among people, especially urban population in developed countries to experience hunting tours. This is a major factor driving the global market.

Support from government and local communities: Wildlife hunting when regulated helps generate revenue and employment opportunities for rural communities. This has encouraged governments to promote sustainable hunting tourism with necessary policies and infrastructure support.

Market restraints:

Extensive licensing procedures: Obtaining all necessary permits and licenses to hunt exotic species across international borders is a tedious process. This restraints the ease of participating in wildlife hunting tours.

Environmental concerns: Unregulated hunting can upset the fragile balance of local ecosystems. There are also concerns about overexploitation of some rare game species. Strict monitoring measures are required to promote sustainability.

Segment Analysis
The wildlife hunting tourism market is segmented into guided hunting and unguided hunting. Guided hunting is dominating the market with the highest revenue share. In guided hunting, professional hunters accompany and assist tourists and hunters during hunting trips. This ensures the safety and proper execution of hunting activities according to regulations. It also enhances the overall experience of tourists. The demand for guided hunting is high among novice and amateur hunters who lack the skills, knowledge, and equipment required for unguided hunting.

Global Analysis
North America accounts for the largest share in the global wildlife hunting tourism market. The presence of abundant game species, vast hunting lands, and a strong hunting culture and tradition in the US and Canada have made North America the leading regional market. The market in North America is driven by the availability of large hunting territories, growing interest in recreational hunting, and increasing initiatives to promote hunting tourism. Europe is the second largest regional market, supported by wildlife conservation programs that have revived declining animal populations in the region. Meanwhile, Asia Pacific is poised to witness the fastest growth during the forecast period due to rising tourism promotion activities focused on attracting big-game hunters from Western nations to regions such as sub-Saharan Africa, Southeast Asia, and South Asia.
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