Child and Youth Services Global Market Report 2024

The child and youth services market size has grown strongly in recent years. It will grow from $147.49 billion in 2023 to $156.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historical period can be credited to the expansion of campaigns advocating for child welfare, an increased emphasis on empowering youth, advancements in healthcare services, the establishment of community centers, and policy changes related to child protection.

The child and youth services market size is expected to see strong growth in the next few years. It will grow to $199.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be ascribed to the rising advocacy for inclusive services, the provision of remote counseling services, innovations in healthcare, community-based services, and advancements in child protection. Prominent trends expected in the forecast period encompass a focus on resilience building, the implementation of trauma-informed care, holistic development programs, initiatives promoting diversity and inclusion, and the provision of preventive mental health services.

The expansion of community programs for children and youth has contributed to the growth of the child and youth services market. According to youth.gov, exposure to various opportunities during youth is linked to reduced risky behavior in adulthood. A study conducted on the initial five years of participation in the 4-H youth development program revealed a lower risk of social and personal behavioral problems, a fourfold increase in community contribution such as lihood, and a twofold increase in civic activity. These factors are anticipated to positively impact the child and youth services market.

The child and youth services market is expected to be driven by the increasing prevalence of single-parent households. Single-parent households result from situations such as divorce, separation, death, or a deliberate choice by a parent to raise a child alone. These households receive crucial support from Child and Youth Services through affordable childcare, after-school programs, and resources, enabling parents to work while ensuring proper care and developmental opportunities for their children. In June 2023, the Annie E. Casey Foundation reported 24 million single-parent families in the USA in 2021, with rising numbers contributing to the growth of the child and youth services market.

The lack of employment and job training opportunities in foster care poses a challenge to the growth of the child and youth services market. Foster youth often face difficulties transitioning out of care, leading to homelessness and unemployment. Despite the availability of entry-level jobs, many foster youths lack the necessary skills and resources for independence. Limited access to technology further hampers their ability to compete in the job market, with only 5% of rural and 21% of urban foster youth having access to a computer at home. This lack of employment and job training resources negatively impacts the child and youth services market.

Communities are increasingly leveraging predictive analytics for the welfare of children and youth, focusing on assessing maltreatment risk levels. Predictive analytics quantifies risk to target services efficiently, aiding children, families, and communities most such as ly to benefit. For instance, the Illinois Department of Children and Family Services employed predictive analytics to identify children at risk of placement in congregate care settings, allowing for the implementation of alternative interventions.

Major players in the child and youth services market are introducing innovative platforms such as U-Report to amplify youth voices and drive positive change globally. U-Report, a real-time information exchange and data collection tool, assists decision-makers in aligning strategies and policies with genuine needs. UNICEF launched U-Report in July 2021, facilitating youth involvement and opinion sharing in City Park Skopje. The platform, present in 85 countries with over 15 million users, empowers youth to influence policies through channels such as the U-Report MK chatbot on Vibe.

In April 2021, Clifford Beers, a children's mental health outpatient clinic in the US, acquired Farnam House to enhance programming and connect local adolescents to additional services. Farnam House, a community center offering educational and recreational opportunities, aligns with Clifford Beers' mission to support the mental health and well-being of young people in the area.

Major companies operating in the child and youth services market report are Young Men's Christian Association, UNICEF (United Nations Children Education Fund), Save the Children, SOS Children's Village, World Vision International, Stepstone Family & Youth Services, Compassion International, Boys Town, Youth Advocate Programs Inc., Boys & Girls Clubs of America, Child Care Aware of America, Children's Hospital Foundation, Big Brothers Big Sisters of America, Children's Home Society of America, The Children's Guild, CARE International, Jumpstart for Young Children, Children's Defense Fund, Girls Inc., Children Aid And Family Services, United States Children's Bureau, Alliance for Children and Families, Prevent Child Abuse America, American Youth Policy Forum, International Foster Care Organization, International Society For Prevention of Child Abuse And Neglect (ISPCAN), Child Mind Institute, Child Welfare League of America, North East Independent Living Services, National Runaway Safeline, Children's Rights, National Black Child Development Institute. Western Europe was the largest region in the child and youth services market in 2023. Asia-Pacific was the second-largest region in the global child and youth services market share. The regions covered in the child and youth services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Primary service categories within child and youth services include foster and guardianship placement services, counseling and information services, social assistance services, recreational programs for children and youth, adoption services facilitated by both private and state entities, and other related offerings. Social assistance organizations offer a diverse range of services, such as aiding the homeless, counseling individuals facing challenges, providing training for the unemployed or underemployed, and assisting families in securing financial support. These services cater to various age groups, including infants, children, adolescents, and youth, and are accessible through both online and offline modes.

The child and youth services market research report is one of a series of new reports that provides child and youth services market statistics, including child and youth services industry global market size, regional shares, competitors with a child and youth services market share, detailed child and youth services market segments, market trends and opportunities, and any further data you may need to thrive in the child and youth services industry. This child and youth services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the child and youth services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The child and youth services market consists of revenues earned by entities that provide non-residential social assistance to children and youth. The child and youth services market includes establishments such as adoption agencies, youth centers, child guidance organizations, youth self-help organizations, foster care placement services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.