The animal theme parks market is predicted to grow at 5.9% CAGR over the evaluated period, as per FMI’s analysis. The industry’s size is expected to reach a market value of US$ 85.6 million in 2023.
The animal theme park industry is poised for greater growth in the forecast period, as compared to the historical period, which accounted for a 2.7% CAGR. The shift in stats can be attributed to the surging number of people exhibiting interest in wildlife and conservation. These parks provide a distinct experience to visitors where they can notice animals up close, gain knowledge about their behaviors and habitats, and even interact with them.
The emergence of eco-tourism, which endorses responsible travel practices to support conservation efforts, is propelling market growth. In addition, the boom in social media has garnered heightened interest among viewers as visitors share their experiences online, thus creating a domino effect of interest.
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The rapid growth of the tourism industry has also sparked interest in entertainment options like animal theme parks. Moreover, families with kids show a keen interest in visiting animal theme parks as they offer multiple attractions and activities apt for all age groups. With increasing discretionary incomes, more proportion of the population can afford to travel and indulge in leisure activities like going to animal theme parks.
Key Trends in the Animal Theme Parks Market
- Sustainability Integration: Modern consumers prioritize eco-friendly practices, and animal theme parks are embracing sustainability. From energy-efficient facilities to wildlife conservation efforts, parks are increasingly focused on creating experiences that not only entertain but also contribute positively to the environment.
- Interactive and Educational Experiences: With a growing emphasis on education and conservation, animal theme parks are incorporating interactive elements to engage visitors. Educational programs, behind-the-scenes tours, and interactive exhibits offer visitors a deeper understanding of wildlife, fostering a sense of responsibility towards conservation.
- Technology Integration: Cutting-edge technologies such as augmented reality (AR) and virtual reality (VR) are being integrated into animal theme parks to enhance visitor experiences. These technologies not only add an element of excitement but also allow for innovative storytelling, bringing visitors closer to the animal kingdom.
- Focus on Animal Welfare: Heightened awareness and concerns about animal welfare have led to a shift in the industry. Parks are prioritizing the well-being of their resident animals, with investments in spacious habitats, enrichment activities, and comprehensive healthcare programs. Ethical treatment of animals is becoming a key differentiator for these parks.
- Culinary Experiences: Beyond traditional attractions, animal theme parks are now placing greater emphasis on culinary experiences. Gourmet dining options featuring sustainable and locally sourced ingredients provide visitors with a unique gastronomic experience while contributing to the overall theme of conservation.
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Top Highlights from the FMI’s Analysis of the Animal Theme Park Market:
- In 2022, the North American animal theme park industry acquired a 26% market share in the global market.
- The European region is projected to gain higher than 23% value share in 2023.
- The United States wins the maximum market share in comparison to the rest of the competing countries. In 2022, the country contributed 12% market share.
- The German market shared 6% value with the rest of the world.
- Japan’s animal theme park industry acquired a 5% market share in 2022.
- The Australian animal theme park industry captured a 5.5% value share in 2022.
- The United Kingdom animal theme park industry is projected to gallop at a CAGR of 8.1% over the forecast period.
- The Indian animal theme park industry is expected to expand at a CAGR of 7.2% over the estimated period.
- The China animal theme park industry is anticipated to assume a speed of 5.9% CAGR over the next ten years.
- Based on type, the ocean animal theme park segment is expected to gain more than 55.6% market share in 2023.
- Under the booking channel, the online booking segment is projected to attain more than 25% market share in 2023.
How are Key Players Drawing in a Pool of Visitors to the Animal Theme Parks?
The emergence of new parks and attractions has intensified the competitive scenario in the animal theme park industry. To attract more visitors to the park, these parks are implementing new and innovative approaches.
Well-established brands such as Universal Studios and Disney enjoy a large fanbase and solid brand recognition, thus attracting more visitors to their animal theme parks.
Key players are integrating the latest technologies like augmented reality, virtual reality, and interactive exhibits to make animal theme parks more immersive and arresting for visitors. Other attractions to these parks include themed and seasonal events, like Christmas and Halloween celebrations. By providing unique experiences, these parks can increase their footfall and generate more revenue.
Key Players
- Disney’s Animal Kingdom
- Busch Gardens Tampa Bay
- Chessington World of Adventures
- Happy Hollow Park and Zoo
- Aquatica
- Sea World
- Jerusalem Biblical Zoo
- Bronx Zoo
- Indianapolis Zoo
- Night Safari
- Jurong Bird Park
- York’s Wild Kingdom
- Warrawong Sanctuary
- Bhindawas Wild Life Sanctuary
- Bhimashankar
- Elephant Nature Park
- Others
The Animal Theme Park Market Overview by Category
By Type:
- Ocean Animal Theme Parks
- Terrestrial Animal Theme Parks
By Application:
- Children
- Adult
By Revenue Model:
- Ticket
- Food & Beverage
- Merchandise
- Hotels/Resorts
- Others
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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