Impact investing market to swell to record $495bn this year

The global impact investing market size will grow from $420.91 billion in 2022 to $495.82 billion this year, according to new data. 

This growth is expected to continue for years to come, with the market forecasted to reach $955.95 billion by 2027, The Business Research Company said. 

Impact investing is a growing trend in the investment world, as more and more investors seek to generate both financial returns and social or environmental impact. 

The main types of impact investing markets and illustrative sectors are education, healthcare, housing, agriculture, environment, clean energy access, climate change, and others. 

"Many factors are driving this growth, including an increase in millennial investors who believe impact investing is the best way to increase their share of social change and good as compared to the traditional forms of philanthropy," the Business Research Company explained in a statement. 

In 2022, approximately 61% of millennial investors participated in impact investing, according to a survey conducted by Fidelity Charitable. 

In addition, strategic partnerships and collaborations have emerged as a key trend gaining popularity in the impact investing market.