Adoption & Child Welfare Services in the US - Industry Market Research Report

Adoption & Child Welfare Services in the US - Industry Market Research Report

Adoption & Child Welfare Services in the US

The Adoption and Children Welfare Services industry comprises private nonprofit and for-profit organizations that provide social assistance services for children and young adults. As an industry of many nonprofits, revenue is dependent on government funding and private donations. Demand for industry services grew as the number of children entering into and passing through the foster care system increased during the five-year period. This growth has occurred despite a $7.9 billion decrease in the federal budget for the Administration for Children and Families (ACF), which is part of the Department of Health and Human Services (HHS), between 2017 and 2018. Over the next five years, the slowdown in industry revenue growth is largely attributable to expected budget cuts across several federal departments and federal social services programs, including industry-relevant programs.

This industry includes nonresidential social assistance services for children and young adults. Private sector and nonprofit establishments in this industry offer services in the areas of adoption, foster care placement, drug prevention, guidance and self-help, life skills training and positive social development. This industry excludes orphanages and group homes, day-care services, youth recreational sports centers, sports teams and leagues and scouting organizations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.