Press release
Global Children and Young Adult Books Market to Reach $13.36 Billion by 2029, Growing at 1.7% CAGR
Children and Young Adult Books Market Size
The rise in consumers' disposable income played a role in the expansion of the children and young adult books market. When individuals have more disposable income, they typically have more purchasing power, which often leads to increased spending on leisurely activities, such as reading books. As a matter of fact, in a report from September 2024 by the Office for National Statistics, a governmental organization in the UK, it was revealed that there was a 6.3% improvement in the UK's gross disposable household income (GDHI) in 2022 compared to 2021. Consequently, this surge in consumers' disposable income fueled the growth of the market for children and young adult books.
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What is the future CAGR of the children and young adult books market, and how will it impact industry expansion?
The market size for books intended for children and young adults has seen consistent growth in the past years. It is projected to expand from $12.19 billion in 2024 to $12.49 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 2.4%. The growth observed during the historic period is a result of the surge in the young adult demographic, heightened early childhood literacy, and the proliferation of book charities and government schemes.
Projected growth within the children and young adult books marketplace is anticipated within the coming years, with estimated values reaching $13.36 billion by 2029, reflecting a compound annual growth rate (CAGR) of 1.7%. This market expansion in the outlook period is linked to the proliferation of eBooks and audiobooks, heightened use of digital technology, and a rising inclination towards independent bookstores. Key trends identified for this period are provision of customized storybooks, integration of beloved video games into book form, and the introduction of subscription-based book offerings.
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What are the most significant trends transforming the children and young adult books market today?
There is a rising trend among book publishing firms to produce personalized storybooks that permit the inclusion of a child's name and hobbies within the story narrative. A large majority of these firms are focusing on personalizing bedtime storybooks. For example, Wonderbly releases customised narratives that allow youngsters to envision themselves performing remarkable feats, and also offers books oriented towards each age demographic. Bookyboo is another entity offering customized books designed specifically for children.
Which key market segments comprise the children and young adult books market and drive its revenue growth?
The children and young adult books market covered in this report is segmented -
1) By Type: Print Book, Ebook, Audiobook
2) By Distribution Channel: Online distribution, Offline distribution
3) By End-user: Children (2 to 10 years), Adolescents (11 to 17 years), Young adults (18 to 25 years)
Subsegments:
1) By Print Book: Picture Books, Chapter Books, Middle-Grade Books, Young Adult Novels, Activity and Educational Books
2) By eBook: Interactive eBooks, eBooks for Educational Purposes, Young Adult eNovels, ePicture Books
3) By Audiobook: Full-Length Audiobooks, Short Stories and Anthologies, Educational Audiobooks, Audiobooks for Young Adults
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What regions are at the forefront of children and young adult books market expansion?
Asia-Pacific was the largest region in the children and young adult books market in 2024. North America was the second largest region in the global children and young adult books market share. The regions covered in the children and young adult books market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the children and young adult books market?
Major companies operating in the children and young adult books market include Penguin Random House, Holtzbrinck Publishing Group, HarperCollins Publishers, Phoenix Publishing & Media Inc., Simon & Schuster, Oxford University Press, McGraw-Hill Education, Bonnier Group, Tulika Books, Amar Chitra Katha, Katha, Duckbill, Pratham Books, Puffin Books, Speaking Tiger, Walker Books, EK Books, Allen & Unwin, Ford Street Publishing, MidnightSun Publishing, Wombat Books, Pan Macmillan Australia, Big Sky Publishing, Hinkler Books, New Holland Publishers, Shogakukan Inc., Fukuinkan Shoten Publishers Inc., Iwasaki Publishing Co. Ltd., Kaisei-Sha Publishing Company Ltd., China Publishing Group, Zhejiang University Press Co. Ltd., China Agriculture Press, Dolphin Books, Anhui Time Anime Company Limited, Commercial Press International and the Children's Fun Publishing House, Bloomsbury Publishing, Hachette UK (Holdings) Limited, Magink Publishing House, Gallimard Jeunesse, Editorial Planeta, Meshcheryakov Publishing House, Mozaika-Sintez Education Publishing House (Russia), Albatros Publishing House Co. Inc., Znak Spoleczny Instytut Wydawniczy, Scholastic Inc., Thomson Reuters, TCK Publishing, SAGE Publications, Hachette Book Group, Little Bee Books, Houghton Mifflin Harcourt, Wiley, Cengage, Austin Macauley Publishers, Kalimat Publishing and Distribution, Medina Publishing, Zamzam Publishing (UAE), Kadi and Ramadi, Katara Publishing House, Hamad Bin Khalifa University Press, Roza Publishing House, Dar Al Watad, Lusail Publishing House, Mars Publishing House, Obeikan Bookshop, Macmillan South Africa (Pty) Ltd., New Africa Books (Pty) Ltd, Saray Publishing, Al Arabi Publishing and Distribution, Literamed Publications Limited, Grace Springs Africa Publishers, Ilupeju.
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What Is Covered In The Children and Young Adult Books Global Market Report?
•Market Size Forecast: Examine the children and young adult books market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the children and young adult books market for a structured understanding.
•Key Players Overview: Analyze major players in the children and young adult books market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the children and young adult books market.
•Segment Contributions: Evaluate how different segments drive overall growth in the children and young adult books market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the children and young adult books market.
•Industry Challenges: Identify potential risks and obstacles affecting the children and young adult books market.
•Competitive Landscape: Review strategic developments in the children and young adult books market, including expansions, agreements, and new product launches.
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