Sustainable Consulting Market
The market for Sustainable Consulting was estimated at $16.6 billion in 2023; it is anticipated to increase to $40.2 billion by 2030, with projections indicating growth to around $75.6 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Sustainable Consulting Market Outlook
Revenue, 2023
$16.6B
Forecast, 2033
$58.7B
CAGR, 2024 - 2033
13.5%
The Sustainable Consulting industry revenue is expected to be around $21.3 billion in 2024 and expected to showcase growth with 13.5% CAGR between 2024 and 2033. The field of ESG & Sustainability consulting is rapidly expanding to assist companies in creating eco friendly and socially conscious plans and initiatives. The sustainable consulting market was worth about USD 18.3 billion in 2024 and is projected to rise to around USD 40.2 billion by 2030; USD 75.6 billion by 2035 with a growth rate of 13.5% CAGR. This increase is fueled by a growing emphasis on addressing climate change issues enhancing resource utilization and enforcing regulations, on businesses.
Consulting services that prioritize sustainability usually offer advisory options such as environmental strategy guidance, carbon footprint management, online platforms for evaluation & training . They also assist companies in meeting their sustainability goals and adhering to standards, for ESG related responsibility.
Market Key Insights
- The Sustainable Consulting market is projected to grow from $16.6 billion in 2023 to $58.7 billion in 2033. This represents a CAGR of 13.5%, reflecting rising demand across Environmental Strategy and Carbon Management.
- Deloitte, Accenture, McKinsey & Company are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Sustainable Consulting market and are expected to observe the growth CAGR of 12.2% to 16.2% between 2023 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 9.4% to 14.2%.
- Transition like Transition to Net-Zero Strategies is expected to add $2 billion to the Sustainable Consulting market growth by 2030.
- The Sustainable Consulting market is set to add $42.2 billion between 2023 and 2033, with service providers targeting Energy & Manufacturing Industry Application projected to gain a larger market share.
- With Increased focus on esg goals, and Regulatory compliance and carbon reduction, Sustainable Consulting market to expand 255% between 2023 and 2033.
Opportunities in the Sustainable Consulting
The emergence of carbon credits presents a chance for consultants to assist clients in navigating through carbon offset initiatives and delivering services, in emissions control.
Growth Opportunities in North America and Europe
In North America, the sustainable consulting sector is at the forefront, propelled by regulatory measures and substantial investments in ESG. Key companies such as McKinsey and Deloitte utilize their presence to offer customized sustainability services.
Due to Europe's dedication towards sustainability, There is a drive for related consulting market expansion. Leading consulting companies such as PWC and BSR provide knowledge in adherance, to regulations and managing carbon footprints.
Market Dynamics and Supply Chain
01
Driver: Increased Focus on ESG Goals, and Rise of Corporate Sustainability Initiatives
Companies are also now more focused than before in establishing goals related to Environmental Protection and Social Responsibility. This has also led to a rise in the need, for consulting services that specialize in sustainability to assist in reaching these targets. Numerous companies strive to develop enduring brand identities which result in an increased demand, for consulting services to provide strategic advice and support during implementation.
Companies are also turning to consulting services to ensure they comply with the regulations and meet emission reduction targets.
02
Restraint: High Cost of Implementation, and Limited Skilled Workforce
Sustainable consulting expenses such as technology and strategy development can be too costly, for businesses. This can restrict market participation.
The markets growth potential may be hindered by a lack of consultants who possess expertise in sustainability and standards.
03
Opportunity: Expansion of Sustainability Reporting and Emerging Demand for Circular Economy Models
In todays world where there is a growing emphasis on sustainability reporting and accountability in businesses practices. Consultants play a role, in assisting companies in crafting and conveying their sustainability metrics in a clear and impactful manner.
Businesses are showing a growing interest in embracing circular economy strategies. Consulting firms stand ready to support these changes and pave the way for a source of revenue.
04
Challenge: Complex Regulatory Requirements
The changing regulations pose a challenge for consultants to ensure compliance and can create obstacles, for businesses in need of advisory services.
Supply Chain Landscape
1
Consulting Firms
McKinseyEYPwC
2
Specialized Firms
BSRERM
3
Technology Providers
SalesforceMicrosoft
4
Corporate Clients
EnergyRetailHealthcare
1
Consulting Firms
McKinseyEYPwC
2
Specialized Firms
BSRERM
3
Technology Providers
SalesforceMicrosoft
4
Corporate Clients
EnergyRetailHealthcare
Use Cases of Sustainable Consulting in Environmental Strategy & Carbon Management
Environmental Strategy : Consultants assist businesses in creating environmental plans that align with their sustainability objectives. The likes of Deloitte and McKinsey are at the forefront of developing strategies, for major corporations.
Carbon Management : Carbon consultancy services help businesses track and minimize their carbon emissions—an aspect given the growing importance of carbon regulations set by governments worldwide. Essential industry leaders such as E&Y and PWC offer knowledge in carbon book-keeping and offset initiatives.
Recent Developments
Lately developed carbon management services and sustainability platforms show a dedication from key industry players to drive innovation forward. Major players are focusing on expanding the consulting market by forming partnerships and introducing new digital tools. This sector is poised for growth as the demand, for circular economy practices and net zero strategies continues to increase.
September 2023 : McKinsey started providing a range of carbon management services, including detailed consulting, on offset projects.
June 2023 : Deloitte collaborated with a leading energy company to develop solutions, for resource efficiency.
March 2023 : EY introduced an online tool, for tracking and sharing sustainability data instantly.
Impact of Industry Transitions on the Sustainable Consulting Market
As a core segment of the Corporate Services industry,
the Sustainable Consulting market develops in line with broader industry shifts.
Over recent years, transitions such as Transition to Net-Zero Strategies and Integration of Digital Technology in Sustainability have redefined priorities
across the Corporate Services sector,
influencing how the Sustainable Consulting market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Transition to Net-Zero Strategies
Several businesses are dedicated to achieving zero emissions goals. This commitment has led to a surge, in the need for consultants to assist in attaining these objectives for the long term.
02
Integration of Digital Technology in Sustainability
Firms in the consulting industry are now integrating technologies such as AI and IoT to improve their ability to track and report sustainability, for their clients.