openPR Logo
Press release

Global Ecotourism Market To Witness Exponential Growth By 2027, Says Allied Market Research

05-21-2021 04:15 PM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Ecotourism Market

Ecotourism Market

As per the report published by Allied Market Research, the global ecotourism market generated $181.1 billion in 2019 and is expected to reach $333.8 billion by 2027, growing at a CAGR of 14.3% from 2021 to 2027. The report highlights the key segments, top investment pockets, growth by segmentation, and competitive scenario.

Shankar Bhandalkar, Lead Analyst, Team Lead-Research, Consumer Goods at Allied Market Research, highlighted, “The rise of travel and tourism to unique destinations has shown significant resilience globally. Iceland, Kenya, Palau, and Nepal are the trending hotspots in unique eco-tourism destinations travelled across.”

The global ecotourism market across North America is projected to exhibit the fastest CAGR throughout the forecast period.

According to the report, the market across Asia-Pacific dominated with the largest revenue share in 2019, owing to the presence of large number of millennial travelers in the region. At the same time, North America would grow at the fastest CAGR throughout the forecast period. This is due to large number of environment-conscious travelers and rapid adoption of digital media to travel to new destinations.

Request Free Sample Report Now: https://www.alliedmarketresearch.com/request-sample/6729

The global ecotourism market is analyzed across traveler type, age group, sales channel, and region. Based on traveler type, the group segment accounted for nearly four-fifths of the total market share in 2019, and would retain its dominance during the forecast period. Several security concerns at new and unexplored destinations encourage people to travel in a group. This factor drives the segment growth. At the same time, the solo segment would portray the fastest CAGR of 15.9% from 2021 to 2027. This is attributed to the benefits of being in charge of the whole travel schedule, possibility of gathering new experiences, prospects to meet new people, and gaining a sense of empowerment altogether.

Based on age group, the generation Y segment contributed to the major share in 2019, generating nearly three-fifths of the global market, owing to high environmental consciousness and growing preference toward spending on unique experiences than on that of materialistic things. Simultaneously, the generation Z segment would portray the fastest CAGR of 15.6% from 2021 to 2027. Improvement of digital marketing strategies to attract customers and unique, interactive, and social experiences sought by travelers propel the segment growth.

Inquire More About this Report: https://www.alliedmarketresearch.com/purchase-enquiry/6729

The global ecotourism market report includes a comprehensive analysis of the major market players such as Aracari Travel, FROSCH International Travel, Inc., Adventure Alternative, Travel Leaders Group, LLC, Steppes discovery, Small World Journeys Pty Ltd., Intrepid Group Limited, RICKSHAW TRAVEL GROUP, G Adventures, and Undiscovered Mountains Ltd.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220

United States Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060 | Fax: +1-855-550-5975 Email” help@alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Ecotourism Market To Witness Exponential Growth By 2027, Says Allied Market Research here

News-ID: 2288292 • Views: 373

More Releases from Allied Market Research

Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable
Global Football Sportswear Market Growing Trade Among Emerging Economies Opening …
As per the report published by Allied Market Research, the global football sportswear market is estimated to reach $114.41 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape. Rise in sportswomen, surge in participation in football, and development in sportswear drive the growth of the global football sportswear market. Access Full Summary: https://www.alliedmarketresearch.com/football-sportswear-market-A09835 Chinese companies

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020