Increase in awareness of health and wellness, desire for nature-based experiences, and technological advancements are driving factors for the growth of the nature retreat market.
WILMINGTON, Del., April 24, 2024 — Allied Market Research published a report titled “Nature Retreat Market by Location (Coastal Areas, Mountain, Forest Areas, and Others), Accommodation Type (Luxury Resorts, Eco-friendly Lodges, Camping Sites, and Others), and Target Group (Solo, Friends/Group, Couple, and Family): Global Opportunity Analysis and Industry Forecast, 2024–2035”. According to the report, the global nature retreat market was valued at $33.9 billion in 2023 and is projected to reach $80.8 billion by 2035, registering a CAGR of 7.2% from 2024 to 2035.
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Prime determinants of growth
Rise in awareness of health and wellness drives the expansion of the nature retreat market. However, the growth of the nature retreat market is restricted by infrastructure and accessibility challenges. On the other hand, market expansion and global reach present remunerative opportunities for the expansion of nature retreat during the forecast period.
Report coverage & details:
Report Coverage
Details
Forecast Period
2024–2035
Base Year
2023
Market Size in 2023
$33.9 billion
Market Size in 2035
$$80.8 billion
CAGR
7.2 %
No. of Pages in Report
250
Segments Covered
Location, Accommodation Type, Target Group, and Region
Drivers
– Increase in Awareness of Health and Wellness
– Desire for Nature-Based Experiences
– Technological Advancements
Opportunities
– Diversification of Offerings
– Market Expansion and Global Reach
Restraints
– Infrastructure and Accessibility Challenges
– Regulatory Compliance and Land Use Restrictions
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The coastal areas segment will maintain its leadership position throughout the forecast period.
By location, the coastal areas segment held the highest market share in 2023, accounting for more than two-fifths of the nature retreat market share and is estimated to maintain its leadership status throughout the forecast period. Coastal areas provide a unique and enticing environment for natural retreats, integrating the healing properties of oceanic surroundings with the beauty of the surrounding landscape. The forest areas segment showcases the fastest CAGR of 7.8% during the forecast period. Forest areas are great places for nature retreats because they have quiet surroundings, a wealth of animals, and possibilities for outdoor pursuits like hiking, birdwatching, and meditation. In these charming locations, visitors can relax, rejuvenate, and reestablish a connection with nature.
The luxury resorts segment will maintain its leadership position throughout the forecast period.
By accommodation type, the luxury resorts segment held the highest market share in 2023, accounting for nearly two-fifths of the nature retreat market revenue and is estimated to maintain its leadership status throughout the forecast period. Luxury resorts in the market for nature retreats provide upscale lodging options that appeal to discerning tourists looking for exceptional facilities and services in a natural setting. The camping sites segment, however, showcases the fastest CAGR of 7.7% during the forecast period. In the market for nature retreats, camping sites appeal to nature enthusiasts looking for a more immersive and rustic lodging experience. These locations frequently have fire pits, tent pads, and restrooms, enabling visitors to enjoy the beauty of the surrounding environment closely.
The couple segment will maintain its leadership position throughout the forecast period.
By target group, the couple segment held the highest market share in 2023, accounting for nearly two-fifths of the nature retreat market revenue and is estimated to maintain its leadership status throughout the forecast period. This segment showcases the fastest CAGR of 7.5% during the forecast period. This group is attracted to ideas of privacy, romance, and possibilities for spending quality time together. Additionally, couples looking for unique experiences may be attracted to packages offered for special events like anniversaries or honeymoons.
Asia-Pacific will maintain its dominance by 2035.
By region, North America held the highest market share in terms of revenue in 2023 and is likely to dominate the market during the forecast period. The market for nature retreats is large and diverse in North America, offering options for a wide range of interests and preferences. Travelers looking to get back in touch with nature have plenty of alternatives in this region, from eco-friendly glampi