Report Code: CMI48655

Published Date: May 2024

Pages: 320+

Category: Consumer Goods

Report Snapshot

CAGR: 15.4%
208.2B
2023
210.3B
2024
670.6B
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • National Geographic Expeditions
  • World Wildlife Fund
  • TUI Group – TUI Care Foundation
  • Intrepid Travel
  • G Adventures
  • Ecoventura
  • Others

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Reports Description

Global Eco Tourism Market was valued at USD 210.3 Billion in 2024 and is expected to reach USD 670.6 Billion by 2033, at a CAGR of 15.4% during the forecast period 2024 – 2033.

Ecotourism is a type of responsible travel to natural regions that protects the environment and supports the well-being of locals. It emphasizes on experiencing and enjoying nature, animals, and local cultures while reducing negative environmental consequences and supporting conservation initiatives.

Eco Tourism Market: Growth Factors

Rising popularity of outdoor recreational activities

The growing popularity of outdoor leisure activities contributes considerably to the expansion of the ecotourism industry. As more individuals seek out nature-based activities, there is a growing interest in experiencing natural settings responsibly.

Ecotourism, which emphasizes ethical travel to natural regions, promotes an understanding of biodiversity and conservation activities. Outdoor leisure activities such as hiking, animal viewing, camping, and paddle boarding promote environmental awareness and conservation ideals, which are in line with ecotourism concepts.

Furthermore, the search for actual and immersive experiences encourages travellers to seek out areas with pristine scenery and distinct ecosystems. This rising demand for ecotourism experiences supports not just local populations and conservation efforts but also promotes the preservation of natural environments.

As a result, the increasing popularity of outdoor leisure activities acts as a stimulant for the rise of the ecotourism market, contributing to both economic development and environmental stewardship. The number of outdoor outings was up 8.4% in 2021 to 12.4 billion outings.

The average number of outdoor outings per participant increased by 6.1% in 2021 to 75.6 outings per participant. In 2021, 58.7% of outdoor participants (96.4 million) participated in outdoor recreation with levels of frequency that qualified them as core participants.

Rising influence of social media

Social media platforms are effective means for disseminating visually appealing material, such as images and videos of natural landscapes, animal encounters, and sustainable travel adventures. This user-generated material serves as a virtual word-of-mouth recommendation, encouraging people to visit environmentally friendly areas and engage in responsible tourism activities.

Social media platforms enable eco-tourism firms and organizations to directly communicate with their target audience, disseminating information about conservation efforts, ethical procedures, and community participation projects.

By creating online communities of similar travellers, eco-tourism providers may develop a sense of community and advocacy, encouraging visitors to support ecologically responsible tourist companies. Moreover, social media influencers have a tremendous impact on travel patterns and consumer behaviour.

Overall, the growing influence of social media raises the visibility of eco-tourism destinations and experiences, educates travellers about sustainable travelling practices, and promotes a sense of community among environmentally conscious travellers, resulting in increased growth and awareness of the eco-tourism market.

Eco Tourism Market: Restraints

Lack of regulations

The lack of laws is a substantial impediment to the expansion of the ecotourism business. Without defined norms and enforcement procedures, ecotourism resorts risk engaging in unsustainable activities and causing environmental deterioration.

Reckless tourist activities such as overdevelopment, habitat loss, pollution, and wildlife disturbance can jeopardize the ecosystems and assets that ecotourism tries to safeguard. Furthermore, the lack of laws may result in unfair rivalry among ecotourism providers, with some prioritizing profit over environmental conservation.

Furthermore, without regulations for sustainable tourism practices, visitors may be unsure about the authenticity and quality of ecotourism activities. To facilitate the sustainable expansion of ecotourism, administrations, and regulatory authorities must adopt and enforce comprehensive legislation that promotes ethical tourist activities.

Global Eco Tourism Market 2024–2033 (By Traveller Type)

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Eco Tourism Market: Opportunities

Rising demand for sustainable tourism

The growing desire for sustainable tourism is driving the expansion of the ecotourism business. As people become more environmentally concerned, there is a rising preference for locations and activities that emphasize preservation, safeguarding, and ethical tourism activities.

Ecotourism allows travellers to interact with nature and local people sustainably, reducing negative environmental consequences while boosting conservation initiatives and helping local economies. Eco-friendly tour operators and hotels, such as those that utilize energy from renewable sources, reduce waste and safeguard habitats, attract eco-conscious travellers looking for authentic and ethical travel experiences.

Furthermore, governments, non-governmental organizations (NGOs), and industry groups promote ecotourism, which encourages market growth by raising awareness and rewarding sustainable tourist practices. In summary, the growing demand for sustainable tourism propels the expansion of the ecotourism market, offering travellers meaningful experiences that align with their environmental values.

Global Eco Tourism Market 2024–2033 (By Booking Mode)

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Eco Tourism Market: Segmentation Analysis

The global Eco Tourism market is segmented by traveller type, age group, booking mode, and region.  Based on traveller type, the market is classified into solo and group. Group dominated the market in 2023 with a market share of 35.7% and is expected to keep its dominance during the forecast period 2024-2033.

Group travellers play an important role in growing the ecotourism business by encouraging a shared commitment to ethical and sustainable travel practices. As they go together to natural areas, they increase the effect of their conservation activities while reducing their environmental imprint.

Group dynamics foster shared responsibility, enabling people to engage in environmentally friendly activities such as animal protection, habitat restoration, and trash reduction. Furthermore, group travellers frequently seek out eco-certified lodgings and tour operators, which benefits local communities and promotes sustainable tourism practices.

Moreover, their combined purchasing power allows them to bargain for ecologically friendly transport solutions and lower carbon emissions. Overall, group travellers serve as catalysts for positive shifts in the ecotourism industry, boosting interest in real, nature-based experiences.

Based on age group, the market is classified into Generation X, Generation Y and Generation Z. Generation Y dominated the market in 2023 with a market share of 62.5% and is expected to keep its dominance during the forecast period 2024-2033.

Generation Y, commonly known as millennials, is generating considerable development in the ecotourism industry because of its beliefs, interests, and environmental awareness. Millennials place a high value on sustainability and ethical travel practices, favouring eco-friendly places of interest, lodgings, and activities.

People want real experiences that allow them to reconnect with nature, assist local communities, and reduce their environmental impact. Millennials are passionate social media users, sharing their environmentally friendly travel stories and inspiring their friends to follow suit.

Their desire for sustainable tourism alternatives has encouraged tour operators, hotels, and travel agencies to provide eco-friendly packages and activities. Furthermore, Generation Y’s innovative nature has fostered the emergence of internet platforms and applications that promote environmentally responsible travel alternatives, making it easier for travellers to find and book sustainable tourism experiences.

Overall, Generation Y’s values and behaviours are driving the growth of the ecotourism market by shaping consumer preferences and industry practices towards sustainability and responsible travel.

Based on booking mode, the market is classified into direct and travel agents. Direct dominated the market in 2023 with a market share of 60.8% and is expected to keep its dominance during the forecast period 2024-2033. Direct booking mechanisms contribute greatly to the ecotourism sector by encouraging a more sustainable and ethical vacation experience.

Direct booking systems enable tourists to directly connect with eco-friendly lodgings, tour operators, and local communities, allowing them to make educated decisions that are consistent with their environmental beliefs. This direct engagement encourages real cultural experiences, helps local eco-friendly companies, and decreases the carbon impact associated with typical mass tourism.

Furthermore, online booking sites frequently provide eco-certified lodgings and tour operators dedicated to conservation, biodiversity protection, and community development. Tourists get a better understanding of natural surroundings and cultural heritage via open communication and direct interaction, while they also contribute directly to the local economy and conservation efforts.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 210.3 Billion
Projected Market Size in 2033 USD 670.6 Billion
Market Size in 2023 USD 208.2 Billion
CAGR Growth Rate 15.4% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Traveller Type, Age Group, Booking Mode and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Eco Tourism Market: Regional Analysis

By region, Eco Tourism market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Eco Tourism market in 2023 with a market share of 39.1% and is expected to keep its dominance during the forecast period 2024-2033.

North America is a major player in the ecotourism sector because of its large and diversified natural landscapes, which include national parks, forests, beaches, and wildlife reserves. The region’s devotion to conservation and environmental protection, along with rigorous rules on animal management and habitat preservation, adds to its attraction for ecotourism.

Furthermore, North America has a robust network of environmentally friendly lodgings, tour operators, and outdoor recreational activities geared towards nature lovers. Moreover, activities promoting ecological education and awareness, such as interpretative programs and guided eco-tours, are critical in developing a greater appreciation for nature and encouraging tourists to adopt sustainable travel behaviours.

Global Eco Tourism Market 2024–2033 (By Billion)

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Eco Tourism Market: Recent Developments

  • In June 2022, Wetravel, Inc. collaborated with Tourism Cares to develop an academy course called Introduction to Sustainable Tourism to assist travel firms in becoming more sustainable.
  • In May 2022, Frosch International Travel acquired Valerie Wilson Travel, an acquisition that brings together two New York City-based agencies run by two generations of families that built their respective brands into multimillion-dollar travel businesses.
  • In May 2022, MSC Cruises, an Italian worldwide cruise operator, announced almost 1,400 sustainability-themed summer itineraries to highlight its strong commitment to sustainability.

List of the prominent players in the Eco Tourism Market:

  • National Geographic Expeditions
  • World Wildlife Fund
  • TUI Group – TUI Care Foundation
  • Intrepid Travel
  • G Adventures
  • Ecoventura
  • Natural Habitat Adventures
  • Wilderness Safaris
  • Lindblad Expeditions
  • Abercrombie & Kent
  • The International Ecotourism Society
  • Responsible Travel
  • Earthwatch Institute
  • Adventure Alternative
  • Blue Ventures
  • SEE Turtles
  • Explore Worldwide
  • Mountain Travel Sobek
  • African Wildlife Foundation
  • Biosphere Expeditions
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Eco Tourism Market is segmented as follows:

By Traveller Type

  • Solo
  • Group

By Age Group

  • Generation X
  • Generation Y
  • Generation Z

By Booking Mode

  • Direct
  • Travel Agent

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Eco Tourism Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Eco Tourism Market: snapshot
  • Chapter 3. Global Eco Tourism Market – Industry Analysis
    • 3.1 Eco Tourism Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising popularity of outdoor recreational activities
      • 3.2.2 Rising influence of social media
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Traveller Type
      • 3.7.2 Market Attractiveness Analysis By Age Group
      • 3.7.3 Market Attractiveness Analysis By Booking Mode
  • Chapter 4. Global Eco Tourism Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Eco Tourism Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Eco Tourism Market – Traveller Type Analysis
    • 5.1 Global Eco Tourism Market Overview: By Traveller Type
      • 5.1.1 Global Eco Tourism Market Share, By Traveller Type, 2023 and 2033
    • 5.2 Solo
      • 5.2.1 Global Eco Tourism Market by Solo, 2024 – 2033 (USD Billion)
    • 5.3 Group
      • 5.3.1 Global Eco Tourism Market by Group, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Eco Tourism Market – Age Group Analysis
    • 6.1 Global Eco Tourism Market Overview: By Age Group
      • 6.1.1 Global Eco Tourism Market Share, By Age Group, 2023 and 2033
    • 6.2 Generation X
      • 6.2.1 Global Eco Tourism Market by Generation X, 2024 – 2033 (USD Billion)
    • 6.3 Generation Y
      • 6.3.1 Global Eco Tourism Market by Generation Y, 2024 – 2033 (USD Billion)
    • 6.4 Generation Z
      • 6.4.1 Global Eco Tourism Market by Generation Z, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Eco Tourism Market – Booking Mode Analysis
    • 7.1 Global Eco Tourism Market Overview: By Booking Mode
      • 7.1.1 Global Eco Tourism Market Share, By Booking Mode, 2023 and 2033
    • 7.2 Direct
      • 7.2.1 Global Eco Tourism Market by Direct, 2024 – 2033 (USD Billion)
    • 7.3 Travel Agent
      • 7.3.1 Global Eco Tourism Market by Travel Agent, 2024 – 2033 (USD Billion)
  • Chapter 8. Eco Tourism Market – Regional Analysis
    • 8.1 Global Eco Tourism Market Regional Overview
    • 8.2 Global Eco Tourism Market Share, by Region, 2023 & 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Eco Tourism Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Eco Tourism Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Eco Tourism Market, by Traveller Type, 2024 – 2033
      • 8.4.1 North America Eco Tourism Market, by Traveller Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Eco Tourism Market, by Age Group, 2024 – 2033
      • 8.5.1 North America Eco Tourism Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.6 North America Eco Tourism Market, by Booking Mode, 2024 – 2033
      • 8.6.1 North America Eco Tourism Market, by Booking Mode, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Eco Tourism Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Eco Tourism Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Eco Tourism Market, by Traveller Type, 2024 – 2033
      • 8.8.1 Europe Eco Tourism Market, by Traveller Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Eco Tourism Market, by Age Group, 2024 – 2033
      • 8.9.1 Europe Eco Tourism Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.10 Europe Eco Tourism Market, by Booking Mode, 2024 – 2033
      • 8.10.1 Europe Eco Tourism Market, by Booking Mode, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Eco Tourism Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Eco Tourism Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Eco Tourism Market, by Traveller Type, 2024 – 2033
      • 8.12.1 Asia Pacific Eco Tourism Market, by Traveller Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Eco Tourism Market, by Age Group, 2024 – 2033
      • 8.13.1 Asia Pacific Eco Tourism Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Eco Tourism Market, by Booking Mode, 2024 – 2033
      • 8.14.1 Asia Pacific Eco Tourism Market, by Booking Mode, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Eco Tourism Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Eco Tourism Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Eco Tourism Market, by Traveller Type, 2024 – 2033
      • 8.16.1 Latin America Eco Tourism Market, by Traveller Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Eco Tourism Market, by Age Group, 2024 – 2033
      • 8.17.1 Latin America Eco Tourism Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Eco Tourism Market, by Booking Mode, 2024 – 2033
      • 8.18.1 Latin America Eco Tourism Market, by Booking Mode, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Eco Tourism Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Eco Tourism Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Eco Tourism Market, by Traveller Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Eco Tourism Market, by Traveller Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Eco Tourism Market, by Age Group, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Eco Tourism Market, by Age Group, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Eco Tourism Market, by Booking Mode, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Eco Tourism Market, by Booking Mode, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 National Geographic Expeditions
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 World Wildlife Fund
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 TUI Group – TUI Care Foundation
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Intrepid Travel
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 G Adventures
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Ecoventura
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Natural Habitat Adventures
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Wilderness Safaris
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Lindblad Expeditions
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Abercrombie & Kent
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 The International Ecotourism Society
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Responsible Travel
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Earthwatch Institute
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Adventure Alternative
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Blue Ventures
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 SEE Turtles
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Explore Worldwide
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Mountain Travel Sobek
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 African Wildlife Foundation
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Biosphere Expeditions
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 23

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • National Geographic Expeditions
  • World Wildlife Fund
  • TUI Group – TUI Care Foundation
  • Intrepid Travel
  • G Adventures
  • Ecoventura
  • Natural Habitat Adventures
  • Wilderness Safaris
  • Lindblad Expeditions
  • Abercrombie & Kent
  • The International Ecotourism Society
  • Responsible Travel
  • Earthwatch Institute
  • Adventure Alternative
  • Blue Ventures
  • SEE Turtles
  • Explore Worldwide
  • Mountain Travel Sobek
  • African Wildlife Foundation
  • Biosphere Expeditions
  • Others

FAQs

The restraints of the Eco Tourism market is lack of regulations.

The major driver for the Eco Tourism market is rising popularity of outdoor recreational activities and rising influence of the social media.

The “Solo” category dominated the market in 2023.

The key players in the market are National Geographic Expeditions, World Wildlife Fund, TUI Group – TUI Care Foundation, Intrepid Travel, G Adventures, Ecoventura, Natural Habitat Adventures, Wilderness Safaris, Lindblad Expeditions, Abercrombie & Kent, The International Ecotourism Society, Responsible Travel, Earthwatch Institute, Adventure Alternative, Blue Ventures, SEE Turtles, Explore Worldwide, Mountain Travel Sobek, African Wildlife Foundation , Biosphere Expeditions, Others.

“North America” had the largest share in the Eco Tourism Market.

The global market is projected to grow at a CAGR of 15.4% during the forecast period, 2024-2033.

The Eco Tourism Market size was valued at USD 210.3 Billion in 2024.

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