Anime Production Market Contributing Large Share, expected to exhibit a CAGR of 17.1% over the forecast period 2023 to 2030
The global Anime Production Market is estimated to be valued at US$ 27.65 Bn in 2022 and is expected to exhibit a CAGR of 17.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Anime production involves the illustration and narration of animated films in the anime style primarily targeted at the Japanese market. Anime productions offer entertaining storylines along with stylized visuals that appeal to a wide demographic audience. Advances in computer graphics and 3D animation technologies have further enhanced the visual appeal and popularity of anime productions globally.
Market key trends:
One of the key trends driving growth in the anime production market is the increasing global popularity of anime streaming platforms. Major publishers and producers are partnering with streaming giants like Netflix, Amazon Prime Video, Crunchyroll, and Funimation to stream new as well as classic anime titles globally. This has significantly boosted the international viewership and revenue generation opportunities for anime producers. Furthermore, anime fan conventions, cosplay culture, and merchandise sales centered around popular franchises are also fueling higher production budgets for new anime releases.
Segment Analysis
The anime market is segmented into TV anime and OVA, movies, home video/DVD, merchandising, music and live entertainment. Among these, TV anime and OVA segment dominated the market with a share of over 35% in 2022. This is because TV anime are readily available on various streaming platforms and TV channels, providing easy access to audiences.
Key Takeaways
The Global Anime Market Size is expected to witness high growth, exhibiting a CAGR of 17.1% over the forecast period from 2023 to 2030, due to increasing popularity of anime among millennials and generation Z globally.
Regional Analysis
From a regional perspective, Asia-Pacific dominated the global anime market in 2022 with a share of over 45%, owing to presence of major anime production countries such as Japan and rising anime consumption in China. North America is expected to be the fastest growing region, exhibiting a CAGR of around 19% during the forecast period, owing to high popularity of anime titles such as Demon Slayer and Attack on Titan in the region.
Key Players
Key players operating in the anime market are Production I.G, Inc., Studio Ghibli, Inc., Pierrot Co., Ltd., Sunrise Inc., Toei Animation Co., Ltd., BONES INC, Kyoto Animation Co.,Ltd., MADHOUSE Inc., Manglobe Inc., and PAWORKS Co., Ltd. Production I.G and Studio Ghibli are the leading players dominating the anime movie segment globally.
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