The Community Food, Housing, And Relief Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Community Food, Housing, And Relief Services Global Market Report 2024, The community food, housing, and relief services market size has grown strongly in recent years. It will grow from $496.83 billion in 2023 to $525.16 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to food insecurity, homelessness and housing instability, volunteer and donor engagement, government and foundation funding.
The community food, housing, and relief services market size is expected to see strong growth in the next few years. It will grow to $650.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to pandemic response and recovery, economic disparities, digital engagement and donor platforms, homelessness prevention. Major trends in the forecast period include food insecurity and hunger relief, affordable housing initiatives, mental health and addiction services, technology for social impact.
Federal funding for social services is a major driver for the community food, housing, and relief services market. Funding from the government helps many homeless people get shelter. Many programs are run by different countries to assist homeless people. For instance, in the US, every year the Federal Government allocates funds to States/Territories to support social services for vulnerable children, adults, and families through the Social Services Block Grant (SSBG). In India, ‘Pradhan Mantri Gramin Awaas Yojana’ focuses on providing permanent houses with basic amenities to homeless families. The objective of this scheme is to build one crore homes of 25 sqm by 2022. Similarly, the government of India launched the Shelter for Homeless program under the National Urban Livelihood Mission (NULM). Under this program, various types of shelters, such as men’s shelters, women’s shelters, family shelters, and special shelters (for old age, mentally ill, and sick persons) are provided. The government of India would finance 75% of the expense for the development of the shelters, while, 25% would be the State commitment. The Indian government is also working on providing rental housing to urban poor belonging to scheduled castes, scheduled tribes and other backward classes, migrants, transgender, and senior citizens. The increased federal funding will help contribute to the market for community food, housing, and relief services leading to its growth.
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The community food, housing, and relief services market covered in this report is segmented –
1) By Type: Community Food Services; Community Housing Services; Temporary Shelters; Other Community Housing Services; Emergency And Other Relief Services; Vocational Rehabilitation Services
2) By Structure: Chained Outlets; Independent Outlets
3) By End-Users: Individuals (Nonchronic) Homeless; Homeless Families; Chronic Homeless; Homeless Veterans; Unaccompanied Homeless Youth And Children
The community food, housing, and relief services market report table of contents includes:
1. Executive Summary
2. Community Food, Housing, And Relief Services Market Characteristics
3. Community Food, Housing, And Relief Services Market Trends And Strategies
4. Community Food, Housing, And Relief Services Market – Macro Economic Scenario
5. Global Community Food, Housing, And Relief Services Market Size and Growth
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31. Global Community Food, Housing, And Relief Services Market Competitive Benchmarking
32. Global Community Food, Housing, And Relief Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Community Food, Housing, And Relief Services Market
34. Community Food, Housing, And Relief Services Market Future Outlook and Potential Analysis
35. Appendix
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