Global Sustainable Consulting Market Outlook
Revenue, 2023
Forecast, 2033
CAGR, 2023 - 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 $6.0 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
North America Outlook
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.
Europe Outlook
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
Driver: Increased Focus on ESG Goals, and Rise of Corporate Sustainability Initiatives
Companies are also turning to consulting services to ensure they comply with the regulations and meet emission reduction targets.
Restraint: High Cost of Implementation, and Limited Skilled Workforce
The markets growth potential may be hindered by a lack of consultants who possess expertise in sustainability and standards.
Opportunity: Expansion of Sustainability Reporting and Emerging Demand for Circular Economy Models
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.
Challenge: Complex Regulatory Requirements
Supply Chain Landscape
McKinsey
EY
PwC
BSR
ERM
Salesforce
Microsoft
Energy
Retail
Healthcare
McKinsey
EY
PwC
BSR
ERM
Salesforce
Microsoft
Energy
Retail
Healthcare
Applications of Sustainable Consulting in Environmental Strategy & Carbon Management
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 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
McKinsey started providing a range of carbon management services, including detailed consulting, on offset projects.
Deloitte collaborated with a leading energy company to develop solutions, for resource efficiency.
EY introduced an online tool, for tracking and sharing sustainability data instantly.