Latin America Diving Tourism Market Size & Outlook
Latin America diving tourism market, 2018-2030 (US$M)
Related Markets
Latin America diving tourism market highlights
- The Latin America diving tourism market generated a revenue of USD 360.0 million in 2023.
- The market is expected to grow at a CAGR of 7.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 360.0 million |
| Market revenue in 2030 | USD 589.0 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Scuba diving |
| Fastest growing segment | Scuba Diving |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 7.9% of the global diving tourism market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,546.3 million by 2030.
Scuba diving was the largest segment with a revenue share of 77.5% in 2023. Horizon Databook has segmented the Latin America diving tourism market based on scuba diving, free diving covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America offers a diverse range of dive destinations that hold significant appeal for diving enthusiasts. Notably, Fernando de Noronha in Brazil is recognized as a prominent scuba diving location, known for its natural beauty.
Easter Island and Robinson Crusoe Islands in Chile are prominent tourist locations, while Malpelo Island in Colombia fascinates divers with its unique shark population. Additionally, Mochima National Park in Venezuela showcases an assemblage of 36 offshore islands, each encompassing over 50 remarkable dive sites.
The Galapagos Islands, recognized as a World Heritage Site, represent the ultimate treasures of the region. Here, divers have the opportunity to witness creatures far from human presence, including some of the world's rarest species. Great Blue Hole, a giant marine sinkhole off the coast of Belize is regularly voted one of the top dives of the world.
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Diving Tourism Market Scope
Diving Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America diving tourism market size, by country, 2018-2030 (US$M)
Latin America Diving Tourism Market Outlook Share, 2023 & 2030 (US$M)
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