Ecotourism Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ecotourism Market
The ecotourism market size was valued at USD 216.49 billion in 2023, and the market is now projected to grow from USD 260.76 billion in 2024 to USD 759.93 billion by 2032, exhibiting a CAGR of 14.31% during the forecast period of 2024-2032.
The COVID-19 pandemic had a profound poor impact on the global financial system, mainly affecting industries which include manufacturing, logistics, journey, and tourism. The closure of country wide and worldwide borders caused a sizable decline in vacationer numbers international. Lockdown measures applied by means of governments in addition exacerbated the slowdown in marketplace progress, reworking the ecotourism enterprise and organizations globally.
The constant improvement of the journey and tourism enterprise is poised to fuel market boom, supported by factors which include a developing quantity of tourists, rising disposable earnings, increasing populations, and elevated government backing. These developments are also contributing to the increase of the ecotourism sector, with statistics from the UNWTO indicating a big increase in international traveler numbers in early 2023 as compared to the preceding 12 months.
The rising fashion of on-line reserving among tourists is an enormous thing riding market increase, facilitated through complete services like transportation, lodging, and automobile rental available thru on line platforms. The ease and pace of booking flights and resorts on-line, coupled with an array of charge options, have contributed to the developing choice for online bookings, resulting in improved vacationer visitors. Major marketplace players supplying offerings through their web sites and cellular apps have streamlined the booking procedure, specifically attractive to young specialists, as a consequence similarly stimulating market expansion.
Comprehensive Analysis of Ecotourism Market
The ecotourism market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by type analysis, by traveler type analysis, by booking mode analysis, by age group analysis. By type analysis include, nature & wildlife tourism, agro-tourism, and others. By traveler type analysis include, solo and group. By booking mode analysis include, direct and travel agent. By age group analysis include, generation X, millennials, and generation Z. The millennial or generation Y.
The Europe region lead the ecotourism market share by benefitting a market size of USD 84.14 billion in 2023 due to rising interest in environmentally conscious travel and activities .
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, G Adventures, Adventure Alternative Ltd, ROW Adventures, Steppes Travel, Aracari, Small World Journeys, Black Kite Tour, Global Sustainable Ecotours, Discover Corps, Rickshaw Travel Group, these market players provide a level-playing competitive landscape.
In August 2023, G Adventures partnered with Jerne to connect content creators with experience providers, enhancing marketing strategy and expanding customer reach.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 14.31% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Nature & Wildlife Tourism
Agro-tourism
Others
By Traveler Type
Solo
Group
By Booking Mode
Travel Agents
Direct
By Age Group
Generation X
Millennials
Generation Z
North America (By Type, Traveler Type, Booking Mode, Age Group, and by Country)
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
Europe (By Type, Traveler Type, Booking Mode, Age Group, and by Country)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- U.K. (By Type)
- Russia (By Type)
- Rest of Europe (By Type)
Asia Pacific (By Type, Traveler Type, Booking Mode, Age Group, and by Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Australia (By Type)
- Rest of Asia Pacific (By Type)
South America (By Type, Traveler Type, Booking Mode, Age Group, and by Country)
- Brazil (By Type)
- Argentina (By Type)
- Rest of South America (By Type)
Middle East & Africa (By Type, Traveler Type, Booking Mode, Age Group, and by Country)
- South Africa (By Type)
- UAE (By Type)
- Rest of the Middle East and Africa (By Type)
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