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Charities

NGOs and Charitable Organizations Market to Reach $528.1 Billion by 2030

Strategic Insights

— 2 min read

The NGOs and charitable organizations market reached a value of nearly $329.3 billion in 2020, growing at a compound annual growth rate (CAGR) of 6.9% since 2015. The market is expected to grow from $329.3 billion in 2020 to $457.8 billion in 2025 at a rate of 6.8%, followed by a CAGR of 4.9% from 2025 to reach $528.1 billion in 2030. Growth in the historic period resulted from strong emerging markets growth, rise in household disposable income, corporate-NGO partnerships, and increase in public donations. Going forward, increasing corporate social responsibility, rising environmental awareness, increasing use of internet, and economic growth will drive the growth.

Key Takeaways:

  • The trust and foundations market was the largest segment, accounting for 55.4% of the total in 2020.
  • The voluntary health organizations market is expected to be the fastest growing segment, at a CAGR of 7.5% during 2020-2025.
  • The online market was the largest segment, accounting for 85.0% of the total in 2020, and is expected to be the fastest growing segment, at a CAGR of 7.4% during 2020-2025.
  • Asia Pacific was the largest region, accounting for 38.2% of the total in 2020, followed by North America.
  • The market is expected to grow the most in India, gaining $29.5 billion, and in the domestic segment, gaining $96.6 billion of global annual sales by 2025.
  • Key organizations in the industry are focusing on expanding development across the globe through strategic partnerships and collaborations with regional/local organizations.
  • The dominance of large NGOs, with the Bill & Melinda Gates Foundation being the largest competitor, holding 1.31% of the market.
  • Key trends in the market include the adoption of mobile technologies and applications for donations, crowd funding platforms, and the rise in virtual fundraisers.

Statistics:

  • The NGOs and charitable organizations market reached a value of nearly $329.3 billion in 2020, growing at a CAGR of 6.9% since 2015.
  • The market is expected to grow from $329.3 billion in 2020 to $457.8 billion in 2025 at a rate of 6.8%.
  • The market is expected to grow at a CAGR of 4.9% from 2025 to reach $528.1 billion in 2030.
  • The trust and foundations market accounted for 55.4% of the total in 2020.
  • The voluntary health organizations market is expected to grow at a CAGR of 7.5% during 2020-2025.
  • The online market accounted for 85.0% of the total in 2020 and is expected to grow at a CAGR of 7.4% during 2020-2025.
  • Asia Pacific accounted for 38.2% of the total in 2020, followed by North America.
  • India is expected to experience the greatest growth, gaining $29.5 billion, and the domestic segment gaining $96.6 billion of global annual sales by 2025.

Sources:

  • Research and Markets
  • "NGOs and Charitable Organizations Global Market Opportunities And Strategies To 2030, By Type, Mode of Donation, Organisation Location"
  • Various NGOs and charitable organizations mentioned in the report, including the Bill & Melinda Gates Foundation, Direct Relief, Medecins Sans Frontieres, and others.

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