The child and youth services market consists of the revenues from child and youth services and related goods by entities (organizations, sole traders and partnerships) that provide non-residential social assistance to children and youth. Only goods and services traded between entities or sold to end consumers are included.
The global child and youth services market is expected to increase from $100.44 billion in 2019 to $102.98 billion in 2020 at a compound annual growth rate (CAGR) of 2.54%. The low growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The market is then expected to recover and reach $125.88 billion in 2023 at a CAGR of 6.92%.