Anime Market Trends: A Journey Towards USD 74.8 Billion By 2033

Yogesh Shinde
Yogesh Shinde

Updated · Jun 11, 2024

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Introduction

According to Market.us, The Anime Market size is expected to be worth around USD 74.8 Billion By 2033, growing at a CAGR of 9.5% during the forecast period from 2024 to 2033. The anime market is a dynamic sector within the global entertainment industry, characterized by its distinctive style of animation and storytelling originating from Japan. This market encompasses a wide range of media, including television shows, films, manga (comic books or graphic novels), merchandise, and video games. Anime has a massive, diverse fanbase worldwide, driving its growth beyond its Japanese origins to achieve a significant global presence.

The anime market’s growth is bolstered by increasing international acceptance and the proliferation of streaming platforms, which offer extensive libraries of anime content accessible globally. These platforms have significantly lowered the barriers to entry for new viewers and have facilitated a surge in anime consumption. Furthermore, the cross-cultural appeal of anime stories and characters, often featuring universal themes and imaginative plots, has resonated with a broad audience. Collaborations with popular Western media franchises and celebrities have also propelled the popularity of anime.

However, the market faces challenges such as piracy, which undermines revenue streams from legitimate sales and streaming. Additionally, the intense demand for new content pressures studios and creators, often resulting in issues related to the working conditions within the animation industry. Copyright management across different regions also poses a significant challenge, complicating international distribution and licensing agreements.

Anime Market

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Key Takeaways

  • The Anime Market size is projected to reach approximately USD 74.8 Billion by 2033, expanding at a CAGR of 9.5% during the forecast period from 2024 to 2033.
  • Within the anime market, the Action & Adventure segment maintained a leading position, accounting for over 28.5% of the market share in 2023.
  • In the same year, the Merchandising segment also held a significant position within the anime industry, capturing more than 24% of the market share.
  • Geographically, the APAC region dominated the global anime market in 2023, securing more than 41% of the overall market share.

Anime Statistics

  • The production cost for a single anime episode ranges from $100,000 to $200,000.
  • The Pokémon franchise has generated approximately $110 billion in revenue.
  • Close to 18% of Americans regularly watch anime.
  • Naruto garners about 1.97 million monthly searches in the US alone.
  • Only 6% of Generation Z are not familiar with the anime genre.
  • The Dragon Ball Super film earned $10.7 million on its opening day in the US.
  • Nearly 90% of Netflix users in Japan watched anime during the surveyed period.
  • Approximately 60% of anime viewers prefer subtitled content over dubbed versions.
  • Over 40% of all anime viewers are female.
  • Funimation reports that over 70% of their subscribers binge-watch anime series.
  • Almost 90% of young Japanese individuals reported watching anime.
  • Anime ranks as the 3rd most in-demand subgenre worldwide, with a 5.5% demand share.

Emerging Trends in the Anime Market

  • Expansion into Virtual and Augmented Realities: Anime is increasingly integrating virtual reality (VR) and augmented reality (AR) technologies to provide immersive experiences for viewers. This trend is helping to expand the narrative capabilities of anime and attract tech-savvy audiences.
  • Rising Popularity of Anime Conventions and Events Globally: Anime conventions and festivals are seeing higher attendance figures, demonstrating the growing fan base and serving as important platforms for fan engagement and content promotion​.
  • Increased Content Localization and Dubbing: To cater to a global audience, there is a significant increase in the localization of anime content, including dubbing and subtitles in multiple languages. This approach not only broadens accessibility but also enhances viewer engagement outside Japan​​.
  • Growth of Anime-related Merchandising: Merchandising remains a strong revenue stream for the anime industry, with products ranging from figurines to apparel. This is supported by the younger demographic’s enthusiasm for collecting items related to their favorite anime series​​.
  • Collaborations with Celebrities and Other Media: Anime brands are collaborating with celebrities and other media to enhance their reach and authenticity in local markets. Such partnerships are crucial for tapping into new demographics and increasing brand visibility​.

Top Use Cases for Anime

  • Entertainment and Media Streaming: Anime continues to be a major content category on various streaming platforms, attracting millions of viewers worldwide. The availability of anime across diverse OTT platforms underscores its global appeal and accessibility​​.
  • Cultural Exchange and Education: Anime serves as a cultural ambassador for Japan, educating global audiences about Japanese culture, traditions, and societal norms. Educational institutions sometimes use anime as a tool to make learning about Japanese culture more engaging​​.
  • Marketing and Advertising: Anime characters and aesthetics are increasingly used in advertising campaigns to attract younger audiences who resonate with the vibrant and distinctive style of Japanese animation​​.
  • Fashion and Lifestyle: Anime influences fashion trends, with many brands launching clothing lines featuring anime themes. This trend is particularly strong among youth and young adults who see anime as a lifestyle choice.
  • Video Gaming: The anime aesthetic and storytelling are integral to many video games. Games based on popular anime series often do well commercially, benefiting from the established fan base of the series​​.

Major Challenges in the Anime Market

  • High Production Costs: The cost of producing anime remains a significant challenge due to the intricate animation processes and high labor costs associated with skilled animators​.
  • Piracy Issues: The widespread availability of pirated anime content undermines revenue streams from legitimate sources, impacting profitability for creators and distributors​.
  • Cultural Barriers: While anime is globally popular, cultural differences can affect its reception and understanding in non-native markets, requiring careful localization and adaptation​​.
  • Regulatory Challenges: Anime producers and distributors face regulatory hurdles in various countries, which can complicate content distribution and affect market expansion.
  • Intense Market Competition: The anime market is characterized by stiff competition among a multitude of studios and streaming platforms, making it challenging for new entrants to secure a foothold​​.

Market Opportunities in the Anime Market

  • Growing Global Demand: The rising popularity of anime outside Japan, especially in regions like North America and Europe, presents significant opportunities for market expansion​.
  • Advancements in Streaming Services: The expansion of OTT platforms and their investment in anime content creation and distribution offer new avenues for reaching wider audiences​​.
  • Merchandising and Licensing: There is substantial potential in merchandising rights for anime characters and series, with products ranging from apparel to toys, which can generate considerable additional revenue​.
  • Technological Innovations: The use of advanced technologies such as VR and AI in anime production not only enhances the viewing experience but also opens up new creative possibilities and efficiencies in production​​.
  • Cross-media Expansions: Opportunities exist in adapting popular anime into other media formats such as films, video games, and books, thus broadening the reach and impact of anime content.

Recent Developments

  • In November 2023, Crunchyroll, a company owned by Sony Pictures Entertainment, joined forces with Crocs to release limited-edition shoes inspired by the popular manga, JUJUTSU KAISEN. These special shoes came in three different styles and featured unique Jibbitz charms.
  • Around the same time, Sunrise Inc., a subsidiary of Bandai Namco Filmworks, collaborated with Atlas V, a virtual reality production company, to create an immersive virtual reality anime experience for the Gundam series. This new project, titled “Mobile Suit Gundam Silver Phantom,” was specifically designed for Meta Quest, a virtual reality platform.
  • In June 2023, KC Global Media Asia (KCGM) partnered with Amagi, a cloud-based software-as-a-service provider for connected and broadcast television, to bring Animax, a premium anime channel, to various over-the-top (OTT) platforms. This collaboration aimed to deliver Animax’s content to a wider audience through online streaming services.
  • Additionally, in June 2023, Dentsu Group expanded its presence in the anime industry by launching a new subsidiary called Dentsu Anime Solution Inc. This company focused on providing licensing solutions, merchandising, and sales support for broadcasters and streaming platforms involved in the anime business.

Conclusion

In conclusion, the anime market has experienced remarkable growth and global recognition, evolving from a niche interest to a mainstream cultural phenomenon. The accessibility of streaming platforms, increased investments in production quality, and diverse genres have contributed to the market’s expansion and popularity. Anime merchandise, conventions, and collaborations with other entertainment industries have further fueled its growth.

The anime market’s success can be attributed to its ability to captivate audiences of all ages and backgrounds, offering engaging storytelling, stunning animation, and memorable characters. The dedicated and passionate fan base has played a crucial role in driving the market’s growth, fostering a vibrant community that extends beyond the screen.

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Yogesh Shinde

Yogesh Shinde

Yogesh Shinde is a passionate writer, researcher, and content creator with a keen interest in technology, innovation and industry research. With a background in computer engineering and years of experience in the tech industry. He is committed to delivering accurate and well-researched articles that resonate with readers and provide valuable insights. When not writing, I enjoy reading and can often be found exploring new teaching methods and strategies.