Brazil Diving Tourism Market Size & Outlook, 2023-2030
Brazil diving tourism market, 2018-2030 (US$M)
Related Markets
Brazil diving tourism market highlights
- The Brazil diving tourism market generated a revenue of USD 99.5 million in 2023 and is expected to reach USD 171.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, scuba diving was the largest revenue generating diving type in 2023.
- Scuba Diving is the most lucrative diving type segment registering the fastest growth during the forecast period.
Diving tourism market data book summary
| Market revenue in 2023 | USD 99.5 million |
| Market revenue in 2030 | USD 171.9 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Scuba diving |
| Fastest growing segment | Scuba Diving |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Scuba Diving, Free Diving |
| Key market players worldwide | The Natural Travel Collection, Bluewater Travel, Scuba Travel, Divers Den, Dive Adventures Asia, ZuBlu, Professional Association of Diving Instructors |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.2% of the global diving tourism market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil diving tourism market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 171.9 million by 2030.
Scuba diving was the largest segment with a revenue share of 77.09% in 2023. Horizon Databook has segmented the Brazil diving tourism market based on scuba diving, free diving covering the revenue growth of each sub-segment from 2018 to 2030.
The implementation of Brazil's digital nomad visa has had a favorable effect on tourism, drawing remote workers and entrepreneurs to explore the country's array of attractions while maintaining their professional commitments.
With the launch of the visa in January 2022, local governments have taken proactive measures to enhance the city's suitability for remote workers, such as investing in improved connectivity through citywide 5G coverage.
This development has provided diving enthusiasts who work remotely with the opportunity to immerse themselves in Brazil's underwater landscapes, resulting in increased demand for diving experiences and associated services in the country.
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Diving Tourism Market Scope
Diving Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil diving tourism market size, by diving type, 2018-2030 (US$M)
Brazil Diving Tourism Market Outlook Share, 2023 & 2030 (US$M)
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