Global Language Learning Apps For Kids Market Growth (Status and Outlook) 2024-2030

Global Language Learning Apps For Kids Market Growth (Status and Outlook) 2024-2030

The global Language Learning Apps For Kids market size is projected to grow from US$ 469.6 million in 2023 to US$ 949.4 million in 2030; it is expected to grow at a CAGR of 10.6% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Language Learning Apps For Kids Industry Forecast” looks at past sales and reviews total world Language Learning Apps For Kids sales in 2023, providing a comprehensive analysis by region and market sector of projected Language Learning Apps For Kids sales for 2024 through 2030. With Language Learning Apps For Kids sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Language Learning Apps For Kids industry.

This Insight Report provides a comprehensive analysis of the global Language Learning Apps For Kids landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Language Learning Apps For Kids portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Language Learning Apps For Kids market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Language Learning Apps For Kids and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Language Learning Apps For Kids.

According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Language Learning Apps For Kids market by product type, application, key players and key regions and countries.

Segmentation by type
Phonetic Learning
Word Learning
Sentence Learning
Tell a Story
Others

Segmentation by application
Children Aged 0-3
Children Aged 4-7
Children Aged 8-12

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Babbel
Busuu
ChineseSkill
Drops
Duolingo
Gus on the Go
Kids Learn Mandarin
LingoDeer
LinguPinguin
Little Pim
Montessori Letter Sounds
Peg and Pog
Penyo Pal

Please note: The report will take approximately 2 business days to prepare and deliver.