Global ESG & Sustainability Consulting Market Is Set To Be Valued At US$ 39.3 Billion In 2023: Fact.MR
The global ESG & sustainability advice market is expected to be worth USD39.3 billion in 2023 and to grow at a 6.3% CAGR through 2033.
The market is being pushed by rising environmental awareness in developing nations, as well as a greater emphasis on value creation while lowering carbon footprint. ESG and sustainability consultants, as experts in strategy and tactics, assist firms in improving their environmental, social, and governance performance and investments.
Sustainability, green energy, net zero firm, and renewable energy, among other topics, have become popular in the previous 5 to 7 years. Individuals and corporations alike have begun to take sustainability seriously. Companies are attempting to achieve net zero by incorporating various types of action plans into their operations. Individuals, on the other hand, are paying attentive attention before making a buying decision.
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Key Takeaways from Market Study
- North America is expected to accounts for a leading share of 48% of the global market.
- During the historic period (2018-2022), the market expanded at a CAGR of 4.1%.
- Among the end-use industries, health & life science accounted for a leading share of 21% in 2022.
- During the forecast period (2023-2033), the market is projected to rise at a CAGR of 6.3%
Market Development
The market is highly fragmented with the presence of various large and small firms providing ESG & sustainability consultancy. The market is expected to be highly competitive with the entrance of large market players such as Ernst & Young, McKinsey & Group, and others in the industry. Mergers & acquisition and expansion of service portfolios are being adopted by large market players to enhance their share and consumer base.
- In September 2022, Ernst & Young completed the acquisition of AFARA, a sustainability consulting firm.
- In September 2022, Boston Consulting Group completed the acquisition of Quantis, a sustainability consulting firm.
Key Companies Profiled
- Antea Group
- Arcadis NV
- Boston Consulting Group
- Environmental Resources Management (ERM)
- Ernst & Young
- Inogen Alliance
- Jacobs
- McKinsey & Group
- Mott MacDonald
- Ramboll Group A/S
- RSK Group
- Stantec & Cardno
- Tetra Tech Inc.
- Woodard & Curran
- WSP Global Inc.
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Segmentation of the ESG & Sustainability Advisory Industry Research
- By Service :
- Contaminated Land
- Climate Change & Energy
- Environmental Impact Assessment & Sustainable Development
- Environment Management & Due Diligence
- Water & Waste management
- Others (Not Mentioned Elsewhere)
- By End-use Industry :
- Health & Life Science
- Defence & Security
- Public Services
- Energy & Utilities
- BFSI
- Consumer & Manufacturing
- Transportation
- Others (Not Mentioned Elsewhere)
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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The healthcare and life science industries are undergoing significant changes in how they function. From rigorous government regulations to customers’ expectations for long-term products/services, the healthcare business is struggling to keep up with the necessary adjustments. Simply producing life-saving products/services is no longer sufficient; governments and customers want to know how you produce and what the environmental effect of the entire process is.
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