Child Care Market Size

Child Care Market size was over USD 210 Billion in 2023 and is expected to reach USD 409.8 Billion by the end of 2036, witnessing around 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of child care is estimated at USD 361.2 Billion.

The heightened female employment rate; and increased nuclear families are some of the key factors that promoted the growth of the child care market. Regarding the forecast period, consumer demographics are also expected to shift with projections such as the increase in households headed by single parents and working mothers propelling the movement of the market. For instance, the female workforce participation rate has risen from 33% in 2023 to 36% in 2024 in India.