Wildlife Hunting Tourism Market
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 environments. Because wildlife is a renewable resource with a surplus, hunters aid in maintaining a healthy wildlife population for the habitat through wildlife hunting.
Market Dynamics
Wildlife hunting tourism is an effective way to raise revenue and create economic incentives for wildlife conservation. According to the U.S. National Shooting Sports Foundation (NSSF), in 2016, American hunters spent US$ 7.1 billion on equipment such as firearms, ammunition, and archery gears among others. In addition, they spent US$ 3.2 billion on travel to and from their hunting destinations.
Wildlife hunting tourism helps African nations to practice conservation while also improving the livelihoods of rural and indigenous people so that it reduces their dependence on foreign aids. These nations follow revenue-sharing agreements between rural communities, private enterprises, and conservation agencies. According to coherent market insights For instance, According to coherent market insights analysis of 2021-2027, 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 are then paid 50% of the revenues generated by the tourism activity. In 2019, According to Property and Environment Research Center (PERC, a conservation and research institute dedicated to free market environmentalism), trophy hunting accounts for 90% of revenue generated through CAMPFIRE, which accounted for approximately US$ 11.4 million between 2010 and 2015.
Due to the government of countries like South Africa and Namibia's commitment to wildlife conservation, wildlife conservation factor is expected to have a negative impact on the global wildlife hunting tourism market. There are various wildlife welfare organizations such as Born Free Foundation, Humane Society International, among others which are creating awareness about wildlife conservation and discouraging people from wildlife hunting. Moreover, they also pressure governments to ban wildlife hunting in their countries. This factor is expected to hamper the market growth of the global wildlife hunting tourism over the forecast period. These associations refute claims that wildlife hunting benefits conservation and contributes significantly to local economies.
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