Anime Market Size By Type (TV, Movies, Videos, Internet Distribution), By Application (Streaming, Download-To-Own, Physical Media, Broadcast Television), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Anime Market Size By Type (TV, Movies, Videos, Internet Distribution), By Application (Streaming, Download-To-Own, Physical Media, Broadcast Television), By Geographic Scope And Forecast
Anime Market Size And Forecast
Anime Market size was valued at USD 28.73 Billion in 2024 and is projected to reach USD 50.65 Billion by 2031, growing at a CAGR of 8.10% from 2024 to 2031.
- Anime is Japanese animation with a distinct artistic style and a diverse range of themes. Anime frequently uses brilliant colors, expressive characters with wide eyes, and dramatic narratives. It covers a wide range of genres, from action-packed adventures and amusing comedies to thought-provoking science fiction and sentimental coming-of-age stories. While anime has traditionally been hand-drawn, it now also uses computer animation. It’s an international phenomenon, with fans praising its ingenuity, interesting plots, and unique characters.
- The anime market has grown significantly in recent years and is expected to grow even faster in the coming years, owing to the younger generation’s increased consumption of anime, market vendors’ adoption of advanced technologies, and the growing popularity of anime merchandise. With the rise of over-the top (OTT) streaming services such as Netflix, Amazon Prime, and YouTube, customers all over the world now have access to a tremendous amount of immersive content.
- Recent technology breakthroughs in the anime market are propelling the industry across sectors to improve end-user communication. The anime business is expected to increase exponentially when breakthrough technologies like Metaverse emerge with the help of artificial intelligence (AI) and virtual reality (VR). industry suppliers in the worldwide anime industry have begun to use new technology to shoot, produce, and edit content that features high-end graphics. As a result, it has increased the market’s overall growth rate during the projection period.
Global Anime Market Dynamics
The key market dynamics that are shaping the global anime market include
Key Market Drivers
- Globalization and Digital DistributionThe ability to broadcast anime worldwide via sites such as Netflix and Crunchyroll have considerably increased the audience base. This globalization enables anime producers to reach worldwide consumers more efficiently, resulting in market development.
- Numerous Content Appeal Anime’s numerous genres, which span from action and fantasy to romance and slice-of-life, appeal to a large audience. This adaptability attracts both traditional anime fans and newbies, increasing overall market demand.
- Cultural Influence and PopularityThe growing global appreciation for Japanese culture, particularly anime and manga, has increased market interest. Cultural events, conferences, and item sales increase the anime market’s visibility and economic potential.
- Technological Advancements Advancements in animation technology, including as CGI and digital production tools, have improved the quality and storytelling possibilities of anime. This innovation draws viewers looking for high-quality images and immersive storytelling experiences, which drives market growth.
Key Challenges
- Piracy and Copyright InfringementPiracy poses substantial hurdles to the anime industry, with unlicensed streaming services and downloads reducing legitimate sales and revenue streams. This erodes the profitability of anime studios and distributors, limiting investment in new productions and slowing total market growth.
- High Production CostsCreating high-quality anime is expensive, needing professional animators, voice actors, and production crews. The financial load can put a strain on smaller studios and limit the range of content produced. The necessity to compete with other entertainment businesses for talent and resources exacerbates this difficulty.
- Localization and Cultural AdaptationWhen adapting anime for international markets, dialogue, cultural nuances, and themes must all be carefully localized. Poor adaptation decisions can alienate people or misrepresent the original artistic intent, affecting viewer pleasure and market penetration in non-Japanese-speaking countries.
- Market Saturation and CompetitionThe anime industry is becoming increasingly congested, with multiple titles competing for viewer attention. This saturation might make it difficult for new and lesser-known series to get awareness and develop a loyal fan base. To captivate audience interest and maintain viewer engagement in the face of tremendous competition, clever marketing, great storytelling, and distinctive artistic styles are required.
Key Trends
- Global ExpansionThe anime market is growing rapidly outside of Japan. Streaming services have played a critical role in this development by making anime available globally, resulting in an increase in foreign fan bases and licensing opportunities.
- Variety of ContentThere is a significant tendency for variety in anime content. Aside from conventional genres like shonen and shojo, there is an increase in specialty genres including isekai (parallel universe), slice of life, and fantasy. This variety appeals to different audience tastes, broadening the market’s attractiveness.
- Digital Transformation The anime market is undergoing a digital transformation, which is characterized by the transition from physical media to digital ones. Streaming services dominate consumption, providing ease and a large catalog of content. This development has led traditional distributors to change their business models and adopt digital distribution tactics.
- Collaborations and Cross-Media Ventures Collaborations and cross-media ventures are becoming increasingly common among anime studios, worldwide entertainment businesses, and brands. This includes co-productions, adaptations for live-action films or television shows, and merchandise collaborations. Such projects not only broaden anime’s reach, but also foster synergy across many entertainment forms, appealing to a wide range of consumers around the world.
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Global Anime Market Regional Analysis
Here is a more detailed regional analysis of the global anime market
Asia Pacific
- The Asia-Pacific region is the dominant player in the anime market. It is the birthplace of anime, with Japan at the forefront of production and creativity in the field. This region has a rich cultural background and a strong affection for anime, which has resulted in a vast and loyal fan base over the years.
- The Asia-Pacific region has a large population base, including Japan, China, South Korea, and Southeast Asian nations, where anime is extremely popular. This demographic diversity adds to a sizable consumer market for anime-related products, including streaming subscriptions, merchandising, and live events.
- Technological improvements in digital distribution and streaming have contributed significantly to anime’s supremacy in Asia Pacific. Streaming sites such as Crunchyroll, Netflix, and local services provide a vast range of anime titles to suit a variety of age groups and demographics.
- The Asia-Pacific area has a strong licensing and distribution network, allowing anime content to reach a global audience. Japanese studios frequently work with overseas distributors to ensure simultaneous or near-simultaneous worldwide releases, leveraging on anime’s global appeal and cementing its position as a major force in the entertainment business.
North America
- Several factors contribute to North America’s rapidly expanding anime market. Streaming sites like Netflix, Hulu, and Crunchyroll have made anime more accessible to a wider audience, increasing its popularity beyond traditional fans. This accessibility has democratized anime consumption, drawing a wide range of viewers who are discovering and participating in the genre.
- North American consumers have a strong fondness for Japanese pop culture, particularly anime and manga. Conventions such as Anime Expo and Comic-Con help to foster cultural interchange by attracting huge crowds and showcasing new releases and merchandise. Such events foster a lively community, which fuels the market’s growth through fan participation and goods sales.
- Localization efforts by anime distributors have played a critical role in extending the market. English dubbing and subtitles cater to non-Japanese speakers, making anime more appealing and understandable. This adaptation effort has spanned cultural divides and established anime as a mainstream entertainment alternative.
- Collaborations between North American and Japanese production firms have risen, resulting in live-action adaptations of popular anime shows. This collaboration not only increases visibility but also exposes anime to new audiences via other platforms.
Global Anime MarketSegmentation Analysis
The Global Anime Market is Segmented on the basis of Type, Application, And Geography.
Anime Market, By Type
- TV
- Movie
- Video
- Internet Distribution
- Merchandise
- Music
- Pachinko
- Live Entertainment
Based on Type, the Anime Market is bifurcated into TV, Movies, Videos, Internet Distribution, Merchandise, Music, Pachinko, And Live Entertainment. TV anime tends to dominate the market due to its accessibility and consistent broadcast schedules, which appeal to a wide audience. These series frequently develop devoted fan groups over time, fueling merchandise sales and spin-off content such as movies and video releases. Furthermore, TV anime acts as a venue for launching new titles and increasing interest in connected items, making it an important component of the anime industry.
Anime Market, By Application
- Streaming
- Download-to-Own
- Physical Media
- Broadcast Television
- Video Games
Based on Application, the Anime Market is segmented into Streaming, Download-To-Own, Physical Media, Broadcast Television, And Video Games. Streaming dominates the anime business because it is convenient, providing on-demand access to a large library of anime titles. It appeals to a global audience by allowing viewers to watch anime whenever and wherever they have access to the internet. Streaming sites also invest in exclusive content and simulcasts, which appeal to die-hard anime viewers who want rapid access to new releases. This movement has had a big impact on how people watch anime, shifting away from traditional methods such as physical media and broadcast television.
Anime Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of regional analysis, the Global Anime Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region dominates for various reasonsit has some of the world’s greatest populations, resulting in a large customer base. Furthermore, several Asia Pacific countries, such as Japan and South Korea, have major cultural industries with worldwide appeal, such as anime and K-pop. Furthermore, fast economic expansion in nations such as China has boosted purchasing power and demand for products and services.
Key Players
The “Global Anime Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Sunrise Inc., Studio Ghibli, Inc., Manglobe Inc., Pierrot Co. Ltd, Bones Inc., VIZ Media, LLC, P.A. Works, MADHOUSE Inc., Discotek Media, AIC RIGHTS Co. Ltd, Kyoto Animation Co. Ltd, Buford G.A, TOEI Animation Co. Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Anime Market Recent Developments
- In April 2024, Dentsu Inc. and Chiru Labs, inventors of the highly famous NFT project Azuki™, joined forces to make an anime anthology series named Enter The Garden, using the Azuki IP. This three-part anime series, directed by anime icon Goro Taniguchi, known for his work in “One Piece Film Red” and the “Code Geass” series, is set to be released throughout the year.
- In March 2024, Arbitrum and Azuki collaborated to launch AnimeChain, a web3 network inspired by anime. This collaborative effort aims to engage anime fans by providing a wide variety of content, games, goods, and NFTs.
- In February 2024, 33 Inc., a prominent entertainment marketing agency, and MyAnimeList Co., Ltd., operator of one of the world’s largest anime and manga communities and databases, announced a new alliance. This collaboration will result in the creation of “MAL33,” a global marketing service dedicated to providing strategic and innovative solutions to the unique difficulties faced by the anime and manga industries.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Sunrise Inc., Studio Ghibli, Inc., Manglobe Inc., Pierrot Co. Ltd, Bones Inc., VIZ Media, LLC, P.A. Works, MADHOUSE Inc., Discotek Media, AIC RIGHTS Co. Ltd, Kyoto Animation Co. Ltd, Buford G.A, TOEI Animation Co. Ltd. |
Segments Covered |
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Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.
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