Overview and Scope
An NGO refers to independent not-for-profit groups or organizations that serve to mainly aid the humanitarian causes of society at national and international levels independently of any government. A charitable organization refers to those establishments that are committed to the welfare of the general public through charity.
Sizing and Forecast
The ngos and charitable organizations market size has grown strongly in recent years. It will grow from $313.29 billion in 2023 to $331.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to strong emerging markets growth, rise in household disposable income, corporate-ngo partnerships and increase in public donations.
The ngos and charitable organizations market size is expected to see strong growth in the next few years. It will grow to $411.19 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing corporate social responsibility, rising environmental awareness, increasing use of internet and economic growth. Major trends in the forecast period include incorporating mobile technologies and applications to simplify the process of charitable donations, considering crowd funding platforms to attract more investments, consider investing in crm software to improve donor communications, consider partnering with corporates to bring about transformative change, investing in predictive and descriptive analytics to generate actionable insights, investing in drone technology for safe and efficient monitoring of wildlife and adopting to virtual fundraiser or campaigns.
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Segmentation & Regional Insights
The ngos and charitable organizations market covered in this report is segmented –
1) By Type: Trust And Foundations, Voluntary Health Organizations, Human Rights Organizations, Environment, Conservation And Wildlife Organizations, Other NGOs And Charitable Organizations
2) By Mode of Donation: Online, Offline
3) By Organisation Location: Domestic, International
Asia-Pacific was the largest region in the NGOs and charitable organizations market in 2023. North America was the second-largest region in the NGOs and charitable organizations market. The regions covered in the ngos and charitable organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing corporate social responsibility is expected to contribute to the growth of the NGOs and charitable organizations market going forward. Corporate Social Responsibility (CSR) is a concept, in which the companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. Companies are increasingly prioritizing corporate social responsibility as a part of their vision to support social causes. Besides, millennials prefer to be associated with brands that are committed to social causes. This is increasing companies’ CSR expenditure. For instance, in June 2023, according to Zipdo, a US-based online directory, companies that focus on environmental, social, and governance (ESG) factors tend to outperform industry peers by 4.8% annually. Additionally, 76% of companies report on CSR as a way to reduce brand reputation risk, and 64% of CEOs believe that CSR is core to their business strategy. Therefore, increasing CSR is expected to positively influence the market for NGOs and charitable organizations, driving market growth in the forecast period.
Key Industry Players
Major companies operating in the ngos and charitable organizations market report are Bill & Melinda Gates Foundation, Direct Relief, Médecins Sans Frontières, AmeriCares, The American Red Cross, The Nature Conservancy, UNICEF USA, OxFam, Feed the Children, The Rotary Foundation, Smile Foundation, Nanhi Kali, GiveIndia Foundation, Goonj, HelpAge India, Sightsavers, Child Rights and You (CRY), Pratham Education Foundation, Sammaan Foundation, Care India, KISS Foundation, Educate Girls, Slum Soccer, Akshaya Patra Foundation, Friends of Nature (FON), Global Village of Beijing (GVB), China Primary Health Care Foundation, Shanghai Charity Foundation, China Youth Development Foundation (CYDF), Amity Foundation, China Children and Teenagers’ Foundation (CCTF), Tencent Charity Foundation, The China Women’s Development Foundation (CWDF), China Population Welfare Foundation, China Foundation for Poverty Alleviation, Narada Foundation, Tzu Chi Foundation, Association for Aid and Relief, Japan (AAR), ADRA Japan (ADRA), Friends of the Earth Japan, Afghan Mobile Mini Circus for Children, Animals Asia Foundation, Borneo Orangutan Survival Foundation, Amnesty International, Save The Children, Spark, Charities Aid Foundation (CAF), Association for Cultural Technical and Educational Cooperation (ACTEC), Kashubian Folk University, Linking Foundation, AIDPOL Ltd, Perspektivy, United Way, MPC Social Services, Nastenka, Vera Hospice Charity Fund, VAMOS!, Children International, Cure Violence, Partners in Health, Acumen Fund, YMCA, Feeding America, Wikimedia Foundation, The Favela Foundation funds, BrazilFoundation, Hogar Bambi Venezuela, Solaris Perú, Sumando Manos Foundation, Dubai Foundation for Women & Children, Khalifa Bin Zayed Al Nahyan Foundation, The Zayed Bin Sultan Al Nahyan Charitable and Humanitarian Foundation, Sheikh Mohammed bin Rashid Al Maktoum’s foundations, Al Maktoum Foundation, Noor Dubai, UAE Water Foundation (Suqia), Human Appeal International, AIDS Foundation of South Africa, CHOSA South Africa, World Vision South Africa, The South African Red Cross Society.
The ngos and charitable organizations market report table of contents includes:
1. Executive Summary
2. NGOs And Charitable Organizations Market Characteristics
3. NGOs And Charitable Organizations Product/Service Analysis -Product/Service Examples
4. NGOs And Charitable Organizations Market Trends And Strategies
5. NGOs And Charitable Organizations Market – Macro Economic Scenario
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68. Global NGOs And Charitable Organizations Market Competitive Benchmarking
69. Global NGOs And Charitable Organizations Market Competitive Dashboard
70. Key Mergers And Acquisitions In The NGOs And Charitable Organizations Market
71. NGOs And Charitable Organizations Market Future Outlook and Potential Analysis
72. Appendix
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