Community And Individual Services Characteristics
The community and individual services market consists of the revenues from community and individual services and related goods by entities (organizations, sole traders and partnerships) that provide non-residential social assistance to children and youth, the elderly, persons with disabilities, and all other individuals and families or collect, prepare, and deliver food for the needy; provide short-term emergency shelter, temporary residential shelter, transitional housing, volunteer construction or repair of low-cost housing, and/or repair of homes for individuals or families in need; or provide food, shelter, clothing, medical relief, resettlement, and counselling to victims of domestic or international disasters or conflicts (e.g., wars).
Competitive Landscape of the Community And Individual Services Market
Major players in the global community and individual services market include Unicef, CARE International, Médecins Sans Frontières, World Food Programme, and Feeding America.
Community And Individual Services Market Size
The community and individual services market size is expected to significantly grow at a CAGR of slightly more than 9% during the forecast period. The growth in the community and individual services market is due to establishment of food banks in developed nations, and increasing public funding to support social initiatives.
However, the market for community and individual services is expected to face certain restraints from several factors such as lack of accessibility and awareness.
Community And Individual Services Market Segmentation
The global community and individual services market is further segmented based on type and geography.
By Type - The aged community and individual services market is segmented into community food, housing, and relief services, and individual and family services.
By Geography - The global community and individual services is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific’s community and individual services market accounts for the largest share in the global community and individual services market.
Trends in the Community And Individual Services Market
Food banks are becoming popular and are adopting technologies and exploring alternatives to distribute food to people in temporary shelters, community centers and other low income group locations. Food banks are non-profit organizations that collect, store, and distribute food to those in need. Many food banks now have mobile food pantries or food trucks to deliver refrigerated and dry foods directly to people in schools and low-income and senior housing facilities.
Potential Opportunities in the Community And Individual Services Market
With advancements in technologies for adult day care, the scope and potential for the global community and individual services market is expected to significantly rise in the forecast period.