Global Wildlife Hunting Tourism Industry to 2028 – by Type, Species Type, Contribution and Region

DUBLIN, March 28, 2022–(BUSINESS WIRE)–The “Wildlife Hunting Tourism Market, By Type, By Species Type, By Contribution, By Region” report has been added to from ResearchAndMarkets.com offer.

Wildlife tourism is a branch of the tourism industry in many countries that focuses on observing and interacting with local animals and plants in their natural environment. Because wildlife is a renewable resource with a surplus, hunters help maintain a healthy wildlife population for habitat through wildlife hunting.

Wildlife hunting tourism is an effective way to generate revenue and create economic incentives for wildlife conservation. According to the US National Shooting Sports Foundation (NSSF), in 2016 US hunters spent US$7.1 billion on equipment such as firearms, ammunition and archery equipment, among others. Additionally, they spent US$3.2 billion on trips to and from their hunting destinations.

Wildlife hunting tourism helps African nations practice conservation while improving the livelihoods of rural and indigenous people to reduce their dependence on foreign aid. These nations follow revenue sharing agreements between rural communities, private companies and conservation agencies.

According to a 2021-2027 analysis, in Zimbabwe, under the Communal Areas Management Program for Indigenous Resources (CAMPFIRE), rural communities lease hunting and other tourism rights to commercial outfitters.

These communities then receive 50% of the income generated by the tourist activity. In 2019, according to the Property and Environment Research Center (PERC, a conservation and research institute dedicated to free-market environmentalism), trophy hunting accounts for 90% of revenue generated by CAMPFIRE, which was approximately $11.4 million. US dollars between 2010 and 2015.

Due to the commitment of the government of countries like South Africa and Namibia towards wildlife conservation, the wildlife conservation factor is expected to negatively impact the global game hunting tourism market. wildlife. There are various wildlife organizations such as Born Free Foundation, Humane Society International among others that raise awareness for wildlife conservation and discourage people from hunting wildlife. Moreover, they also lobby governments to ban the hunting of wild animals in their countries. This factor is expected to hamper the growth of the global wildlife hunting tourism market over the forecast period. These associations refute claims that wildlife hunting benefits conservation and contributes significantly to local economies.

Main characteristics of the study:

  • This report provides an in-depth analysis of the global Wildlife Hunting Tourism market, its market size (million US$ and number of travelers (thousands)) and compound annual growth rate (CAGR%) for the period of forecast (2021-2028), considering 2020 as the base year

  • It elucidates potential revenue opportunities in different segments and explains an attractive investment proposition matrix for this market.

  • This study also provides key insights into the market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players.

  • It profiles leading players of the global Wildlife Hunting Tourism market based on the following parameters – corporate overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and plans future

  • The information in this report would enable marketers and managing authorities of companies to make an informed decision regarding future product launches, technological upgrade, market expansion and marketing tactics.

  • The report on the global wildlife hunting tourism market is aimed at various stakeholders of this industry, including investors, suppliers, distributors, new entrants and financial analysts.

  • Stakeholders would have an ease in making decisions through various strategic matrices used to analyze the global Wildlife Hunting Tourism market.

Detailed segmentation:

Global Wildlife Hunting Tourism Market By Type:

  • Big Game Trophy

  • Small Game Trophy

  • Skill Hunt

Global Wildlife Hunting Tourism Market, By Species Type:

  • Ungulates

  • Rodents

  • Birds

  • carnivores

  • Others

Global Wildlife Hunting Tourism Market, By Contribution:

  • Transport

  • Accommodation

  • Food and dining

  • Equipment

  • Others

Global Wildlife Hunting Tourism Market, By Region:

  • North America

  • we

  • Canada

  • Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • The rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • ASEAN

  • Australia

  • Rest of Asia-Pacific

  • Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of Latin America

  • Middle East

  • Africa

For more information about this report visit https://www.researchandmarkets.com/r/nlmnnq

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220328005725/en/

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