Community Food, Housing, And Relief Services Global Market Worth $650.04 Billion By 2028 Rapid Growth Predicted CAGR of 5.5%

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Community Food, Housing, And Relief Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $650.04 billion In 2028 At A CAGR Of 5.5% :

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.

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Community Food, Housing, And Relief Services Market Major Segments
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

Key Driver - Federal Funding Drives Community Food, Housing, And Relief Services Market Growth

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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Prominent Trend - Rise In Re-Entry Services To Address Homelessness Among Formerly Incarcerated Individuals

Re-entry services are increasingly being provided for the people exiting prison. The majority of this population face homelessness after their release and have nowhere to go. Therefore, many NGOs have come forward to help them provide shelter. For instance, the US-based Lionheart Foundation provides shelter to this population and its Houses of Healing(HOH) program helps improve prisoners' lifestyles by providing them with services like transformative programs for prisoners, HOH guide book, HOH video series, and many more.

Community Food, Housing, And Relief Services Market Players
Major companies operating in the community food, housing, and relief services market include Feeding America, World Food Programme, UNICEF, The Salvation Army, Food For Poor, Adventist Community Services, Doctors Without Borders, Catholic Relief Services, CARE International, American National Red Cross, Spectrum Professional Services, Community Options Middlesex, Camba Inc., Easter Seals New Jersey, One Voice Central Texas, Horizon House, International Rescue Committee, Fair Community Housing Services Limited, Nestle Community Housing Services Ltd., Crossroads Villa Inc., Community Housing Partners, Community Housing Ltd., SRM Housing Services Private Limited, Habitat for Humanity International, Goodwill Industries International, United Way Worldwide, Catholic Charities USA, YMCA of the USA, Boys & Girls Clubs of America, The Arc of the United States, Volunteers of America, American Cancer Society, St. Jude Children's Research Hospital, Shriners Hospitals for Children, Ronald McDonald House Charities, Make-A-Wish Foundation, Big Brothers Big Sisters of America, National Urban League, National Council of La Raza, National Alliance on Mental Illness, The Trevor Project

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Largest And Fastest Growing Region In The Market
Western Europe was the largest region in the community food, housing, and relief services market in 2023. Asia-Pacific was the second-largest region in the community food, housing, and relief services market. The regions covered in the community food, housing, and relief services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Community Food, Housing, And Relief Services Market Report Structure
3. Community Food, Housing, And Relief Services Market Trends And Strategies
4. Community Food, Housing, And Relief Services Market - Macro Economic Scenario
5. Community Food, Housing, And Relief Services Market Size And Growth
…..
27. Community Food, Housing, And Relief Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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