Press release
Anime Market Set to Grow Significantly, Reaching USD 54.1 Billion by 2031 Amid Rising Global Popularity
Anime Market
According to market projections, the anime market is expected to grow from US$31.9 billion in 2024 to US$54.1 billion by 2031, registering a CAGR of 7.8% during the forecast period. Key growth drivers include the increasing global popularity of anime content, the rise of subscription-based streaming platforms, and collaborations between Japanese studios and international brands. Among market segments, merchandising commands a significant revenue share, exceeding 28% in 2023, while North America is expected to expand at a remarkable CAGR of 15%, driven by strong consumer demand, widespread digital access, and increasing exposure to Japanese pop culture.
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Key Highlights from the Report
• The anime market is exploring new avenues like streaming, gaming, and licensing beyond traditional formats.
• North America is projected to grow at a notable CAGR of 15% during the forecast period.
• Rising global popularity of anime opens new markets and revenue opportunities.
• Streaming services like Crunchyroll, Netflix, and Hulu provide flexible access to anime content.
• Merchandising holds a substantial revenue share, exceeding 28% in 2023.
• Collaborations between anime studios, global brands, and creators are expanding market reach.
Market Segmentation
The anime market is segmented primarily by content type, platform, and revenue stream. Content types include television series, films, OVAs (original video animations), and web series. Among these, television series still hold a substantial audience base, but streaming platforms are accelerating the growth of digital-first content. The film segment also generates significant revenue, particularly with blockbuster releases that appeal to international audiences.
Revenue streams are diversified into merchandising, licensing, gaming, and home video. Merchandising dominates the market with popular figures, apparel, and collectibles driving high revenue. Gaming and mobile apps, based on anime content, are gaining traction due to increasing smartphone penetration and the popularity of interactive entertainment. Licensing deals with global brands also create new monetization opportunities, enhancing the market's overall growth potential.
Regional Insights
North America is witnessing robust growth in the anime market, largely due to widespread access to streaming services and growing fan communities. Countries like the U.S. and Canada are increasingly consuming anime content through platforms that offer simulcast releases, further boosting regional adoption.
Asia-Pacific continues to be the dominant market in terms of production and consumption, with Japan leading the industry as the original source of content. Other countries like South Korea, China, and India are emerging as key markets due to rising internet penetration, mobile gaming adoption, and growing youth demographics.
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Market Drivers
The growth of the anime market is propelled by rising global popularity, expanding digital platforms, and cross-media collaborations. Streaming platforms provide viewers with convenient access to diverse content, while international collaborations with gaming and merchandise brands open new revenue streams. The increasing acceptance of Japanese pop culture worldwide also strengthens market demand.
Market Restraints
Challenges such as content piracy, high production costs, and cultural localization issues may limit growth. Piracy reduces revenue from both streaming and merchandising, while localization barriers can affect audience engagement in non-Japanese-speaking regions. Additionally, the capital-intensive nature of high-quality animation production can restrict entry for smaller studios.
Market Opportunities
Significant opportunities exist in streaming, gaming, and merchandise licensing, particularly in emerging markets. Collaborations between global entertainment companies and anime studios are creating hybrid content that appeals to broader audiences. Furthermore, leveraging AI and digital technologies in animation production can reduce costs and enhance creative possibilities.
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Reasons to Buy the Report
✔ Comprehensive analysis of the global anime market with growth forecasts and CAGR.
✔ Insights into emerging trends, revenue streams, and content formats.
✔ Detailed segmentation by platform, content type, and region for strategic planning.
✔ Key player profiles and competitive landscape to inform investment decisions.
✔ Regional insights highlighting high-growth markets and consumption patterns.
Company Insights
Key players operating in the anime market include:
• Toei Animation Co., Ltd.
• Studio Ghibli
• Funimation Entertainment
• Aniplex Inc.
• Crunchyroll LLC
• Netflix Inc.
Recent Developments:
• In 2024, Crunchyroll partnered with major studios to launch exclusive streaming rights for globally anticipated anime series.
• Netflix expanded its anime production slate, committing to 40 new original anime titles targeting international audiences.
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