The Children And Young Adult Books Global Market Report 2023 by The Business Research Company, provides children and young adult books market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Children And Young Adult Books Global Market Report 2023, the market size is expected to grow from $11.35 billion in 2022 to $11.59 billion in 2023 at a compound annual growth rate (CAGR) of 2.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global children and young adult books is expected to grow to $12.24 billion in 2027 at a CAGR of 1.4%.
The increase in the disposable income of consumers contributed to the growth of the children and the youth-adult books market. An increase in disposable income boosts consumer purchasing power and increases the probability of consumer spending in leisure activities including reading books.
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The children and young adult books market is segmented:
1) By Type: Print Book, Ebook, Audiobook
2) By End-user: Children (2 to 10 years), Adolescents (11 to 17 years), Young adults (18 to 25 years)
3) By Distribution Channel: Online distribution, Offline distribution
Books publishing companies are increasingly implementing personalized storybooks that allow inserting children’s names, interests in the story. Most of the companies are publishing personalized bedtime storybooks. For instance, Wonderbly publishes a personalized story that lets the children imagine themselves doing some extraordinary things, and it also publishes a book for each age group accordingly. Bookyboo is another company that provides personalized books for children.
The children and young adult books market report table of contents includes:
- Executive Summary
- Children And Young Adult Books Market Characteristics
- Children And Young Adult Books Market Trends And Strategies
- Impact Of COVID-19 On Children And Young Adult Books
- Children And Young Adult Books Market Size And Growth
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- Middle East Children And Young Adult Books Market
- Africa Children And Young Adult Books Market
- Children And Young Adult Books Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Children And Young Adult Books Market
- Children And Young Adult Books Market Future Outlook and Potential Analysis
Top Major Players
- Hachette Book Group
- Holtzbrinck Publishing Group
- Phoenix Publishing House
- Bonnier
- China Publishing Group
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