PUBLISHER: Grand View Research | PRODUCT CODE: 1446555
PUBLISHER: Grand View Research | PRODUCT CODE: 1446555
The Japan anime market size is anticipated to reach USD 16.84 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 3.9% from 2024 to 2030. Increasing enthusiasm of anime viewers worldwide is expected to drive this growth. Some other factors that propel the growth of the Japan anime industry include the diversification of anime content and style, the rise of digital streaming platforms, and innovation in anime production.
The COVID-19 pandemic had a positive impact on the anime market in Japan. Due to the lockdowns and increase in digital content consumption, anime's viewership and fan base increased, even though production was reduced. Post-pandemic, the demand for anime increased due to the viewership earned during the pandemic.
Numerous anime from different genres are aired in Japan. For instance, in January 2023, according to Akiba Souken, an anime ranking site, REVENGER, Shinobi no Ittoki, and LUPIN ZERO are some of the most popular anime in Japan. According to Video Research, a TV ranking measurer in Japan, Sazae-chan, Detective Conan, Chibi Maruko-chan, My Hero Academia, and Doraemon have a large kids viewer base in the Kanto region.
Japanese anime companies are incorporating acquisitions of foreign companies to cater to the demand of international fans. In December 2023, KADOKAWA Corporation announced its acquisition of First Page Pro Company Limited, a publisher of manga and light novels based in Thailand. The growth in demand for Japanese content is expected to benefit the company's overall development, as the two companies are expected to create synergies.