China's aging population drives a 34% annual growth in senior learning market, reaching $16.8B by 2027.
China's rapidly aging population fuels a fast-growing market for recreational classes for the elderly, such as yoga, African drumming, and smartphone photography. This contrasts with the decline of the after-school private tutoring sector due to government efforts to boost low birth rates. Consulting firm Frost & Sullivan predicts China's senior learning market to grow at a CAGR of 34% by 2027, reaching $16.8 billion from $3.8 billion in 2022.
March 17, 2024
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