Religious Organizations Global Market Report 2024

The religious organizations market size has grown steadily in recent years. It will grow from $373.48 billion in 2023 to $391.21 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The historical growth can be ascribed to demographic trends, cultural influence and societal values, economic conditions, government policies regarding religion, global events, and social movements.

The religious organizations market size is expected to see steady growth in the next few years. It will grow to $463.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The forecasted growth can be attributed to strategies for engaging the youth, online religious services and community building, crisis response and social services, religious diversity and pluralism, and environmental and social responsibility. Noteworthy trends in the forecast period encompass digital transformation and online presence, initiatives for diversity and inclusivity, the adoption of sustainable practices, community engagement and social services, and adaptation to changing demographics.

The religious organizations' market is driven by the growth in disposable income. Improvements in economic conditions result in higher disposable income, motivating individuals to participate in and contribute to charity events. According to an OECD report, the average household net adjusted disposable income per capita in Australia is USD 684,635 per year, and the growth in real household income outpaces the growth in real GDP by 4.38 percentage points. Globally, household savings average 10.26 percentage points, with household savings of net disposable income at 209.89 percentage points. Therefore, the rise in disposable income is a key driver for the religious organizations' market.

The anticipated increase in birth rates is set to propel the growth of the religious organizations' market. Birth rates, a demographic metric measuring live births in a specific population over a defined period, contribute to natural population growth. Higher birth rates mean more people are born into a religious group, and as these individuals grow older, they tend to adhere to their families' religious beliefs, augmenting the number of believers in that religion. For example, in August 2022, the UK-based Office for National Statistics reported 624,828 live births in 2021, marking a 1.8% increase from 2020 (613,936). Hence, the rising number of birth rates fuels the expansion of the religious organizations' market.

A notable surge in legal and political restrictions on religion has been observed globally. This increase is primarily attributed to social hostilities related to religion, encompassing violence and harassment by private individuals, organizations, or groups, as well as government favoritism toward specific religious groups. Governments impose restrictions on religions through laws, policies, and actions by state officials that limit religious beliefs and practices or allocate funding for religious education, property, and clergy. For instance, in India, laws such as Freedom of Religion Acts or anti-conversion laws are used to curtail the religious freedom of minority communities, regulating religious conversions. Moreover, religious discrimination is perceived as a direct attack on an individual's belief system, leading to stress among those who view themselves as members of a sociocultural (but not numeric) minority group, as indicated by a study on Christians in the U.S. published in the SpringerLink Journal of Religion.

Religious organizations are increasingly utilizing technology to harness their assets for social impact. For example, the start-up Goodlands is employing geo-data to map the lands owned by the Catholic Church worldwide. Through the use of Geographic Information System (GIS) software, the company creates a comprehensive map of the Roman Catholic Church globally, incorporating boundaries and layers of data about the church and environmental contexts. This mapping enables the identification and utilization of land assets for various social good initiatives.

Major companies within the religious organizations sector are introducing new initiatives to enhance their market profitability. These strategic initiatives involve organized and purposeful efforts by religious institutions or groups to achieve specific goals aligned with their faith or religious mission. In January 2023, a private philanthropic foundation based in the United States launched new initiatives aimed at supporting successful congregations. The foundation's objective is to assist diverse groups and causes, including congregations, places of worship, cultural institutions, and youth initiatives. The projects are open and competitive, with the foundation providing grantees with technical support, relevant research, evaluation assistance, and other valuable resources.


Major companies operating in the religious organizations market report are The Church of Jesus Christ of Latter-day Saints, Tyson Foods Inc., H-E-B Grocery Company LP, Marriott International Inc., Alaska Air Group Inc., JetBlue Airways Corporation, Mary Kay Inc., Food For The Poor Inc., Ippan Shadan Houjin, The Salvation Army, Anschutz Entertainment Group Inc., ServiceMaster Global Holdings Inc., Church of Sweden, Tom's of Maine Inc., Presbyterian Church, Feeding America US, Southern Baptist Convention, General Council of the Assemblies of God, The United Methodist Church, Church of Scientology of California, The United Church of Canada, The Holy See, Christian and Missionary Alliance, Blessings International BV, United Church of Christ, Trinity Church, Curves International Inc., The Anglican Church of Canada, Evangelical Lutheran Church in America, Prelature of the Holy Cross and Opus Dei, General Conference of Seventh-day Adventists, Church of the Nazarene, International Pentecostal Holiness Church, Church of God, Christian Reformed Church in North America, Mennonite Church USA, American Baptist Churches USA, National Baptist Convention USA Inc., Progressive National Baptist Convention Inc., African Methodist Episcopal Church.

North America was the largest region in the religious organizations market in 2023. Asia-Pacific was the second largest region in the global religious organizations market report. The regions covered in the religious organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the religious organizations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Religious organizations can be broadly categorized as public organizations, private organizations, or individuals. Public organizations encompass not-for-profit entities involved in economic development, community promotion, or tourism activities. Private organizations and individuals also play roles in religious activities. Religious groups span various faiths, including Christians, Muslims, Hindus, and others. Sources of income for these organizations encompass religious tourism, donations, media and music, sales of religious items and merchandise, construction and infrastructure projects, among others.

The religious organizations market research report is one of a series of new reports that provides religious organizations market statistics, including religious organizations industry global market size, regional shares, competitors with a religious organizations market share, detailed religious organizations market segments, market trends and opportunities, and any further data you may need to thrive in the religious organizations industry. This religious organizations 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 religious organisations market consists of revenues earned by entities that are primarily engaged in operating religious organizations. The religious organisations market includes establishments such as churches, shrines, religious temples, monasteries, synagogues, and mosques. This market includes donations received by religious organisations to administer an organized religion or promote religious activities. 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.