Zoos & Aquariums in the US - Industry Market Research Report

Zoos & Aquariums in the US - Industry Market Research Report
Zoos & Aquariums in the US

Zoos and aquariums in the US primarily preserve and exhibit land and aquatic animal life exhibits for conservation, academic purposes and public display. This industry does not include companies whose primary operations include arboreta, arboretums, aviaries or botanical gardens. Over the years to 2023, industry performance was susceptive to macroeconomic conditions, like declining unemployment and increasing per capita disposable income. The industry experienced volatility as the COVID-19 pandemic created unfavorable economic conditions, causing many establishments to temporarily close and limit their visitors. In 2021, macroeconomic conditions recovered strongly, and revenue continued growing significantly through 2022. Revenue grew at a CAGR of 3.5% to $3.1 billion over the last few years, including an estimated increase of 3.6% in 2023.

This industry primarily preserves and exhibits land and aquatic animal life exhibits for conservation, academic purposes and display to the public. This industry does not include establishments whose primary services include arboreta, arboretums, aviaries or botanical gardens; however, these may be offered as ancillary services of industry operators.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.