Global Child And Youth Services Market Set For 6.1% Growth, Reaching $199.12 Billion By 2028

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What Does the Global Child and Youth Services Market Report 2024 Reveal About Market Growth and Changes?
The child and youth services market has experienced substantial growth in recent years. It is projected to rise from $147.49 billion in 2023 to $156.93 billion in 2024, reflecting a compound annual growth rate CAGR of 6.4%. This growth during the historical period can be attributed to growth in campaigns for child advocacy, focus on youth empowerment, advancements in healthcare services, rise of community centers, and policy changes in child protection.

What Is the Market Outlook for the Child and Youth Services Market?
Looking ahead, the child and youth services market is expected to continue its strong growth. Expanding to $199.12 billion by 2028 at a compound annual growth rate CAGR of 6.1%, increasing advocacy for inclusive services, remote counseling services, innovations in healthcare, community-based services, and advancements in child protection contribute to this projected growth. Major trends in the forecast period include a focus on resilience building, trauma-informed care, holistic development programs, diversity and inclusion initiatives, and preventive mental health services.

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What Role Do Community Programs Play in Driving the Child and Youth Services Market's Growth?
The benefits derived from community programs for children and youth have significantly boosted the growth of the child and youth services market. According to youth.gov, young individuals who have a variety of opportunities available to them tend to exhibit less risky behavior in their adulthood. A study indicated that youth involved in the 4-H youth development program for the first five years displayed a lower risk of encountering social and personal behavioral problems. This group of youth were also found four times more likely to contribute positively to their communities and twice as likely to be actively involved in civic affairs. Such factors are predicted to exert a positive influence on the growth of the child and youth services market.

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What Are the Major Companies Operating in the Child and Youth Services Market?
Among the key industry players operating in the child and youth services market, significant names include Young Men's Christian Association, UNICEF United Nations Children 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, and more.

How Is the Child and Youth Services Market Segmented?
The child and youth services market detailed in this report is segmented in the following manner:

1 By Service: Foster And Guardianship Placement Services, Counseling And Information Services, Social Assistance Services, Children And Youth Recreational Programs, Private And State Adoption Services, Other Services
2 By Age Group: Infant, Child, Adolescent, Youth
3 By Mode: Online, Offline

What Were the Largest Regions in the Child and Youth Services Market in 2023?
In 2023, Western Europe emerged as the largest region in the child and youth services market. Asia-Pacific trailed closely behind as the second-largest region in the global child and youth services market. The report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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