Global Ecotourism Market Insight | Pre & Post COVID-19 Impact Covered | (Growing At A CAGR Of 15%) | Forecast 2021-2031

Looking to travel in a more eco-friendly way? Then you'll want to check out the ecotourism market! Here you can find all sorts of eco-friendly travel options, from green hotels to sustainable tour operators. So start planning your next eco-friendly adventure today.

Future Market Insights (FMI), Dubai: Ecotourism is a form of tourism that involves travel to natural areas with the specific purpose of observing and interacting with the local environment and its wildlife. Ecotourism is typically geared towards small-scale, sustainable tourism that has a low impact on the environment. As awareness of the importance of conservation and sustainable development grows, so too does the market for ecotourism. 

According to a recent report, the global ecotourism market is expected to reach 17 Bn by 2021, And is projected to grow by 15% CAGR between 2021 and 2031 with North America and the Asia Pacific region leading the way in terms of growth. This growth is being driven by an increase in travel and tourism to unique destinations, a desire to explore biodiversity, and a need for sustainable development. With more and more travellers.

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For instance, according to the India Brand Equity Foundation, the Ministry of Tourism in India has announced sanctioning US$ 26.3 million for an ecotourism project in Sultanpur National Park and Morni-Pinjore Hills in Haryana. 

In addition, countries such as the U.S., Germany, the UAE, India, France, and Oman are focusing on resorting their heritage and upgrading their hospitality & transport infrastructure to enhance tourist experiences, which is in turn, boosting the market. 

These investment initiatives and developments are anticipated to spur the sales of ecotourism at an impressive 15% CAGR during the forecast period from 2021 and 2031. 

On the basis of age group, the 26-35 years segment is projected to account for a significant share of the market over the assessment period. Growing adoption of green practices and surging demand for sustainable accommodation to decrease the environmental impact among millennials and Gen-Z’s is facilitating the growth in the segment. 

“Increasing availability of eco-longing tourism packages and growing penetration of adventure sports activities such as rock climbing, rafting, and deep-sea diving among millennials will accelerate the growth in the market,” says a FMI analyst.

Key Takeaways from Ecotourism Market Study

• The U.S. is projected to account for the largest share in the North America market, favored by the growing trend of travel and leisure amongst the population. 
• Europe is estimated to emerge as a highly remunerate market, owing to the presence of attractive historic infrastructures across Netherlands, Germany, and the U.K
• India is forecast to register swift growth in the South Asia market, on the back of increasing government initiatives to promote ecotourism in the country. 
• China is expected to contribute maximum revenue share in East Asia, driven by the growing emphasis on restoration of historic infrastructure. 
• Based on tourist type, the international segment is anticipated to hold the lion’s share, owing to the growing demand to visit various parts of the world.

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Key Drivers

• Presence of historic landmarks, natural wonders, national parks, sunny beaches, and ice-covered mountains in the U.S. and Canada is increasing the footfall of tourists, which is in turn, driving the growth in the North America market. 
• Increasing demand for adventure activities such as trekking, caving, bird watching, and sailing across the globe is fueling the sales in the nature & and wildlife segment.

Key Restraints

• Rising concerns regarding security due to increasing terrorism activities across the countries such as China, India, the U.S., and Pakistan is hindering the sales of ecotourism. 
• Unavailability of proper public transport infrastructure in the countries such as Qatar, Saudi Arabia, and Oman is restraining the growth in the Middle East and Africa market.

Competitive Landscape

 Leading companies in the global ecotourism market are focusing on launching online-booking websites to promote their available ecotourism packages and increasing their customer base. Some of the players are engaging in strategic partnerships and collaborations to gain a competitive advantage in the market. For instance,

• In March 2018, Big Five Tours & Expeditions Inc., a leading travel and tourism company, announced launching a number of websites for sustainable travel around the world such as safaritours.com for Africa. This will assist the company to expand its customer base in Africa. 

Some of the key players operating in the market profiled by FMI are:

• Eco Travel and Tourism LLC
• Big Five Tours & Expeditions Inc.
• G Adventures
• Praxis Holidays LLP
• Greenloons LLC
• Responsible Travel
• Steppes Travel
• Windmill Holidays
• Frosch International Travel
• Aracari
• Midnight Sun Travel,
• Adventure Alternative Ltd
• Farhat Tours & Transfers S.P.C.
• Tropical Rainforest Education and Exploration
• Intrepid Travel
• GeTS Holidays
• Royal Arabian Destination Management
• TRUE ECUADOR TRAVEL
• Great Canadian Trails
• Others

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More Valuable Insights on Ecotourism Market

The latest report by FMI provides a detailed analysis of the global ecotourism market, providing credible insights into key factor driving the market through 2021 and beyond. The study also disclosed growth projections on in ecotourism market with detailed segmentation:

By Type:

• Nature & Wildlife
• Cultural
• Rural

By Tour Type:

• Independent Traveler
• Tour Group
• Package Traveler

By Tourist Type:

• Domestic
• International

By Consumer Orientation:

• Men
• Women
• Children

By Age Group:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

Key Questions Covered in the Report

• The report offers insight into ecotourism market demand outlook for the forecast period 2021-2031
• The market study also highlights projected sales growth for ecotourism market between 2021 and 2031
• Ecotourism market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry 
• Ecotourism market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others 

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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