Wilmington, Delaware, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Global Sustainable Tourism Market is valued at US$ 157.7 billion in 2022 and is expected to grow at a significant CAGR of over 13.4% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Sustainable tourism, also known as responsible tourism or eco-tourism, is a type of travel that places an emphasis on environmental, social, and economic sustainability. The sustainable tourism market is expanding and gaining traction as a result of a variety of factors and changing customer preferences. As people become more conscious of environmental issues such as climate change, deforestation, and wildlife protection, they are looking for more sustainable and eco-friendly travel options. Many tourists are now choosing destinations and hotels with low environmental effects.
- According to a deep-dive market assessment by RationalStat, the global Sustainable Tourism market has been analyzed on the basis of market segments, including by type, application and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Sustainable Tourism market covers market sizes on the basis of market value (US$/EUR Million) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Sustainable Tourism market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Sustainable Tourism Market: Segmental and Market Share Analysis
- On the basis of application, the food and beverage industry were predicted to account for more than 35.5% of the global Sustainable Tourism market. It functions as an emulsifier, thickener, anti-sticking, and anti-caking agent.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 157.8 billion |
| Market Size Forecast | US$ 336.2 billion |
| Growth Rate | 13.4% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global Sustainable Tourism market include,
- In 2021, J. Rettenmaier & shone GmbH + Co KG investigated cellulose fibers and Sustainable Tourism to address technological challenges related with pet food preparation.
Some of the prominent players and suppliers operating and contributing significantly to the global Sustainable Tourism market growth include Rettenmaier & Söhne, JELU-WERK, Spechem Cellulose Pvt Ltd, CFF GmbH & Co. KG, SUHAL CELLULOSE LLP, SWEETNER SUPPLY CORPORATION, Juku Orchem Private Limited, Ankit Pulps & Boards Pvt. Ltd, NB Entrepreneurs, and International Fiber Corporation, among others.
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RationalStat has segmented the global Sustainable Tourism market based on type, application and region
- Global Sustainable Tourism Market Value (US$ Million), and Market Share (2019-2030) Analysis by Type
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
- Global Sustainable Tourism Market Value (US$ Million), and Market Share (2019-2030) Analysis by Application
- Cosmetics
- Food & Beverages
- Pharmaceuticals
- Others
- Global Sustainable Tourism Market Value (US$ Million), and Market Share (2019-2030) Analysis by Region
- North America Sustainable Tourism Market
- US
- Canada
- Latin America Sustainable Tourism Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Sustainable Tourism Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Sustainable Tourism Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Sustainable Tourism Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Sustainable Tourism Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Sustainable Tourism Market
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Key Questions Answered in the Sustainable Tourism Report:
- What will be the market value of the global Sustainable Tourism market by 2030?
- What is the market size of the global Sustainable Tourism market?
- What are the market drivers of the global Sustainable Tourism market?
- What are the key trends in the global Sustainable Tourism market?
- Which is the leading region in the global Sustainable Tourism market?
- What are the major companies operating in the global Sustainable Tourism market?
- What are the market shares by key segments in the global Sustainable Tourism market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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