The global Wildlife Hunting Tourism Market is estimated to be valued at US$ 1,775.7 million in 2030, according to the global wildlife hunting tourism market Report, By Type (Big Game Trophy, Small Game Trophy, and Skill Hunting), By Species Type (Ungulates, Rodents, Birds, Carnivores, and Others), By Contribution (Transportation, Accommodation, Food & Dining, Equipment, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global wildlife hunting tourism market is expected to surpass US$ 1,775. 7 Million By 2030, exhibiting a CAGR of 21.7% during the forecast period (2023-2030).
Key Trends and Analysis of the global wildlife hunting tourism market:
- The wildlife hunting tourism market in Canada is expected to grow at a significant rate during the forecast period, as Canada exports more hunting trophies than it imports. According to the IFAW (International Fund for Animal Welfare), between 2021 and 2022, over 51 polar bear hides and 50 skulls were exported as hunting trophies from Canada. Top 10 exported hunting trophies in Canada include the timber wolf, American black bear, cougar, polar bear, grizzly bear, Canadian lynx, narwhal, bobcat, and walrus, among others.
- Controlling excessive quantities of bird species can help grow the wildlife hunting tourism market. In Canada, Migratory Birds Regulations (MBR) have been formulated to create conditions for the sustainable harvest of migratory game bird population and provide tools that enable hunters to assist in populations control of overabundant species, as published in the Canada Gazette in July 2020. The Canada Gazette has been the official newspaper of the Government of Canada since 1841.The Government of Canada, through Environment and Climate Change Canada (ECCC), is responsible for the conservation of migratory birds in Canada and the management of the sustainable hunting of these birds.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/wildlife-hunting-tourism-market-4922
Key Takeaways of the Market:
- Among species type, Ungulates segment held the largest revenue share of 32.2% in the global wildlife hunting tourism market in 2022
- They are members of a diverse group of primarily huge mammals with hooves. These groups of animals include odd-toed ungulates such as rhinoceros, tapir, and horse, and some even-toed ungulates such as pigs, cattle, deer, camels, giraffes, sheep, and hippopotamus. The big game trophy generally includes hunting ungulates and its hunting is widely popular in the European region. For instance, according to Coherent Market Insights’ analysis, in 2022, 4 million wild boars were hunted, with Spain contributed the highest share.
Global Wildlife Hunting Tourism Market- Impact of Coronavirus (Covid-19) Pandemic
- COVID-19's global spread has resulted in lockdown, lowering the activity of the economy, which has had a significant impact on the wages of employee in wildlife tourism due to the cancellation of confirmed bookings.
- Between April and March 2020, 67% of permanent employees of South African game ranchers were affected due to reduced wages, unpaid leave, or being made redundant. According to a survey conducted between April and March 2020 by Wildlife Ranching South Africa (an organization representing the national and international interests of the wildlife ranching industry), 95% of respondents experienced a decline in the number of hunters visiting their game farms or lodges during March and April 2020. Respondents experienced 74% cancellations of confirmed bookings for the period March to December 2020.
