The global child and youth services market size is expected to grow from $128.58 billion in 2021 to $147.25 billion in 2022 at a compound annual growth rate (CAGR) of 14.5%. The growth in the child and youth services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The child and youth services market is expected to reach $242.76 billion in 2026 at a CAGR of 13.3%.
What is the Global Child And Youth Services Market?
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.
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What drives the Global Child And Youth Services Market?
The benefits from community programs for children and youth contributed to the growth of the child and youth services market. According to youth.gov, young people surrounded by a variety of opportunities engage in less risky behavior when in adulthood. A study was conducted that for the first five years where youth are involved in the 4-H youth development program, they showed a lower risk of having social, personal behavioral problems and four times likely to contribute to the communities and two times as likely to be civically active. These factors are expected to have a positive impact on the child and youth services market’s growth.
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Global Child And Youth Services Market Segments
The global child and youth services market is segmented:
By Service: Foster and Guardianship Placement Services, Counseling and Information Services, Social Assistance Services, Children and Youth Recreational Programs, Private and State Adoption Services, Others
By Age Group: Infant, Child, Adolescent, Youth
By Mode: Online, Offline
By Geography: The regions covered in the child and youth services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Child And Youth Services Global Market Report 2022provides market size and growth forecasts for the global child and youth services market, global child and youth services market share, child and youth services market segments and geographies, child and youth services market competitive landscape including leading competitors’ revenues, profiles and market shares. The child and youth services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Child And Youth Services Industry Playersinclude Children Aid And Family Services, UNICEF (United Nations Children Fund), International Foster Care Organization, International Society For Prevention of Child Abuse And Neglect (ISPCAN), CARE International, Stepstone Family & Youth Services, North East Independent Living Services, Child Welfare League of America, United States Children’s Bureau, The European Child Safety Alliance, and Voices of Youth. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
