Global Social Assistance Market Major Players 2024, Forecast To 2033
19 Jan, 2024
The social assistance market has exhibited robust growth, rising from $1725.74 billion in 2023 to $1834.24 billion in 2024, reflecting a 6.3% CAGR. Historical growth is attributed to social welfare programs, economic factors, an aging population, and healthcare services. Predictions for 2028 estimate continued growth to $2320.58 billion, with a 6.1% CAGR. Key drivers include demographic shifts, economic recovery, mental health services, childcare, and substance abuse services. Trends in the forecast period emphasize digital transformation, mental health support, childcare services, technology-enabled assistance, and community engagement.
Global Social Assistance Market Key Driver
An expected rise in women's employment rates is set to drive the social assistance market. In the USA, a 47.2% increase in women's labor force participation by 2024 is projected, leading to a demand for on-site childcare facilities. Government initiatives supporting women in the workforce contribute to the growth of the childcare market and, consequently, the social assistance market.
Get A Free Sample Of The Global Social Assistance Market ReportGlobal Social Assistance Market Segments
The social assistance market covered in this report is segmented –
1) By Type: Child Day Care Services, Community And Individual Services
2) By Mode: Online, Offline
3) By Application: Food Stamp Program, Disaster Relief Services, Adoption Services, Self-help
Subsegments Covered: Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools, Community Food, Housing, And Relief Services, Individual And Family Services
By Geography: The regions covered in the social assistance market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Western Europe was the largest region in the social assistance market in 2023. Asia-Pacific was the second-largest region in the social assistance market. The regions covered in the social assistance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Social Assistance Industry Players
United Nations World Food Program, The Salvation Army International Trustee Co, United Nations International Children's Emergency Fund, Bright Horizons Family Solutions Inc., Sanctuary Housing, KinderCare Learning Centers LLC, Food For The Poor Inc., Goodstart Early Learning Ltd., Primrose Schools, G8 Education Ltd., Young Men's Christian Association, Boys & Girls Clubs of America Inc., American Cancer Society Inc., Catholic Charities USA, Goodwill Industries International Inc., American Red Cross, Feeding America, Habitat for Humanity International Inc., United Way of America, The Nature Conservancy, Humane Society of the United States, The Trevor Project Inc., St. Jude Children's Research Hospital Inc., Big Brothers Big Sisters of America, Amyotrophic Lateral Sclerosis Association, The Michael J. Fox Foundation for Parkinson's Research, The Leukemia & Lymphoma Society Research Programs Inc., Alzheimer's Disease and Related Disorders Association Inc., American Heart Association Inc., American Lung Association, Arthritis Foundation, The Multiple Sclerosis Society of India, National Kidney Foundation of Arizona, National Breast Cancer Foundation Inc., Muscular Dystrophy Association, Cystic Fibrosis Foundation
Get The Full Global Social Assistance Market Report
Social Assistance Market Overview
Social assistance refers to beneficial services provided by public institutions in addition to or beyond social security benefits to ensure that the basic needs of those lacking sufficient resources are met. Social assistance aims to reach the poorest and/or most vulnerable sections of society and provide a minimum basic standard of living.
Social Assistance Global Market Report 2023 provides data on the global social assistance market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The social assistance market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.