Ecotourism Market to Reach $829.8 billion, Globally, by 2035 at 11.7% CAGR

Allied Market Research

Increasing awareness of environmental issues among travelers has created a desire for sustainable and ethical tourist practices, resulting in a move towards experiences that have a low environmental effect, propelling the expansion of the ecotourism industry.

PORTLAND, Ore., May 23, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Ecotourism Market by Age Group (Generation X, Generation Y, Generation Z), Traveler Type (Solo, Group), and Sales Channel (Travel Agents, Direct): Global Opportunity Analysis and Industry Forecast, 2024-2035". According to the report, the "ecotourism market" was valued at $210.4 billion in 2023, and is estimated to reach $829.8 billion by 2035, growing at a CAGR of 11.7% from 2024 to 2035.

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Prime determinants of growth

The ecotourism market is driven by factors such as popularity of sustainable tourism among youths and mobile applications, big data analytics, and artificial intelligence evolving together amidst proliferating tourism industry. However, inadequate support infrastructure challenging market expansion and sustainability is a long-term challenge for ecotourism which restrict the market growth. Furthermore, public-private partnerships are expected to offer new opportunities in the coming years.

Report coverage & details:

Report Coverage	Details
Forecast Period	2024–2035
Base Year	2023
Market Size in 2023	$210.4 Billion
Market Size in 2035	$829.8 Billion
CAGR	11.7 %
No. of Pages in Report	230
Segments covered