PUBLISHER: Grand View Research | PRODUCT CODE: 1474847
PUBLISHER: Grand View Research | PRODUCT CODE: 1474847
The global manga market size is predicted to reach USD 42.2 billion by 2030 and is projected to grow at a CAGR of 17.4% from 2023 to 2030, based on a report by Grand View Research, Inc. The considerable market growth can be credited to the growing prominence of titles as a mainstream source of entertainment. Manga is a Japanese form of graphic novel which can be written by one person or a group. Some famous titles include Demon Slayer, Jujutsu Kaisen, Blue Lock, One Piece, Naruto, etc.
The wide range of genres, such as adventure, fantasy, thrillers, romance, sci-fi, inspirational, educational, etc., is primarily driving the growth of the market. Besides, the availability of titles in various languages is expediting the expansion of the market across geographies. The online fan communities and growing consumer interest in anime are significantly driving the growth of the market. Streaming platforms, such as Netflix, Crunchyroll, and Funimation is propelling viewers' interest in anime, leading to increased demand as the audience seeks original content.
Several companies operating in the market are also focusing on the launch of various new and fascinating titles to gain a competitive edge. For instance, in January 2022, Kodansha LTD announced the digital debut of all the 25 volumes of GTO: Great Teacher Onizuka. The company also revealed its plans to digitally release the nine volumes of the follow-up series GTO: 14 Days in Shonan.
The market is expected to witness significant growth in North America over the forecast period as it is observing an upward trend in popularity and sales. Moreover, the increased promotion of manga and the growing prominence of anime series and movies based on the market is driving the market growth further. In 2022, Yen Press announced the launch of six new titles namely Best Wishes; Call the Name of the Night, The Summer Hikaru Died; The Otherworlder, The Villainess Stans the Heroes: Playing the Antagonist to Support Her Faves!; Exploring the Dungeon; and Sunbeams in the Sky; Kiniro Mosaic.