The ecotourism market is predicted to achieve a valuation of US$ 17 Bn in 2021 and is likely to develop at a CAGR of 15 percent throughout the forecast period, starting in 2021, according to a recent analysis by Future Market Insights (FMI).
According to FMI, the education sector will have a big impact on the expansion of the ecotourism industry. In order to ensure that organisations interpret cultural, resource management, and environmental values effectively, there is a relationship between education and ecotourism.
| Attribute | Details |
| Estimated Ecotourism Market Size 2021 | US$ 17 Bn |
| Value CAGR (2021-2031) | ~15% |
| Ecotourism Market Top Players Share in 2021. | 4%-7% |
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Ecotourism education focuses on studying and learning in a way that individually incorporates ecotourism in a pleasurable and exciting way, rather than just one method of knowledge or information transfer.
Students and learners have a fantastic opportunity to improve personally and professionally while also learning and gaining information through ecotourism. Students’ future involvement in environmental and other social concerns may be influenced by the principles it helps instil in them.
Various steps are being taken by governments all around the world to support visitor safety and security. By increasing the number of visitors from tourists all over the world, the provision for greater security to protect the safety of tourists is expanding the reach of tourism.
Also, steps taken by governments to preserve nature will present a conducive environment for the ecotourism market growth. They are also focusing on improvements in the agro-industry, as they have understood the importance of creating a sustainable environment. These initiatives have majorly boosted the market for ecotourism in the world.
Key Takeaways from the Ecotourism Market Study
- North America, Europe, East Asia, and Oceania among others are the top-visited destinations for ecotourism.
- The United States, the United Kingdom, China, and Australia among others are the most popular countries in the ecotourism market.
- The demand for ecotourism will be higher among people aged between 26 years and 35 years.
- Natural and wildlife ecotourism demand will rise considerably in the coming years.
- UAE will emerge as a popular ecotourism destination backed by favourable government initiatives.
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Impact of COVID-19 on the Market
The novel coronavirus outbreak had caused an economic downturn by disrupting corporate operations in the tour and travel industry. Tourists dependent countries felt the negative impacts of the pandemic longer than other economies.
As per the UNWTO, 100 to 120 million direct tourism jobs (including labour-intensive accommodation, food services industries and other transport industries) were at risk. Even after vaccination, somewhere people are scared about another wave of coronavirus in the countries like France and China, which is restricting people to go on foreign tours.
Who is winning?
Players in the ecotourism market are adopting a virtual and online approach to connect with potential tourists. A few key players in the ecotourism market are Eco Travel and Tourism LLC, Big Five Tours & Expeditions Inc., G Adventures, Praxis Holidays LLP, Greenloons LLC, Aracari, Adventure Alternative Ltd, Responsible Travel, Steppes Travel, Great Canadian Trails, Tropical Rainforest Education and Exploration, Windmill Holidays, Farhat Tours & Transfers S.P.C., Intrepid Travel, Frosch International Travel, GeTS Holidays, Midnight Sun Travel, TRUE ECUADOR TRAVEL, and Royal Arabian Destination Management among others.
Global Ecotourism Market by Category
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
- 56-65 Years
- 66-75 Years
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the ecotourism market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the ecotourism market based on the type (nature & wildlife, cultural and rural), tour type (independent traveller, tour group and package traveller), tourist type (domestic and international), by consumer orientation (men, women and kids), by age group (15-25 years, 26-35 years, 36-45 years, 46-55 years, and 66-75 years) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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