Reading is liberty. Books hold an entire world within them. Books, like people, have personalities. Reading academic or regular books is one of many reading you should be interested in. Picking topics like comics can be fun and full of graphics appealing to kids and adults. Comics aren’t simply about superheroes and villains. And they’re not just for boys. They are distributed across multiple genres, including comedy, drama, fantasy, and sci‑fi. There is bound to be something to fit all ages, preferences, and reading levels.
Well, manga is one of the best comics available in the market. Manga isn’t a common word we use in our daily discussions. So, in this blog, let’s review the manga market and everything you must know about it.
What is Manga?
Manga is simply a comic and graphic novel originating from Japan. It is derived from two Japanese words: “Man,” which means whimsical or fun, and “ga,” which means cartoons or images. Manga’s impressive illustrated style and proficiency in storytelling in an artistically refined way made it one of the most prevalent forms of storytelling today.
Yes, manga is relished by people of all ages around the world. It is one of the most widespread forms of entertainment, making up a huge part of the publishing market. The global manga market was valued at USD 11.68 billion in 2022 and is expected to grow to USD 53.27 billion at a CAGR of 16.5% during the forecast period of 2032.
Content Type and Distribution Channel
Manga is available in printed and digital formats. Also, it is distributed in both ways, online and offline.
The digital form is anticipated to observe a significant growth rate during the forecast period. Customers are interested in e-books as they give greater comfort and space limitations and are fairly inexpensive than printed versions. However, many manga fans still prefer hard copies to save them as a part of their collection.
Furthermore, the online distribution channel is expected to hold a significant share during the predicted period due to the rising choice of e-commerce websites that gives comfort and deals on buying books and magazines. Nevertheless, the offline distribution channel is also expected to grow as several bookworms like to visit a retail bookstore to discuss their favorite manga content with other readers.
Identifying the Manga Market Growth Drivers
The market is strongly supported by demand, thanks to the widely expanding use of smartphones, fast internet, and the introduction of numerous online media and retail platforms, particularly in developing countries. Smartphones have evolved into a necessary tool for shopping and leisure, which is expected to result in people spending more on digital and print manga.
Moreover, as readers can easily access their preferred and desired manga anywhere in the world with the help of newly developing technologies, digital and advanced technology is seeing an increase in demand and adoption in the manga industry, therefore playing a significant role in manga content consumption.
The Growing Demand by Audience
Due to the growing incorporation of artificial intelligence and attractive graphics to picture the characters, the kids& youngsters populace held the largest market share and is anticipated to continue its position during the projected period. Furthermore, parents’ steadily increasing support for manga drives the market growth over the foreseeable years as they observe how it helps youngsters and kids develop reading and critical thinking skills.
Also, the grown-ups segment is predicted to expand greatly in the coming years due to the availability of various manga genres, such as comedy, romance, fantasy, thrillers, etc.
Which Region is Seeing Growth?
North America is likely to grow fastest during the forecast period. The regional market’s development can be attributed to the broad presence of retail stores and high customer spending ability in countries like the United States and Canada.
Moreover, Asia Pacific will also grow considerably in the upcoming years. Major reasons driving the market growth in the region include the high prevalence and popularity of manga, the quickly expanding number of manga readers in nations like Japan and China, and the influence of the young generation and innovative people to seek a career in the manga business.
A Long Story Short
With its characteristic art style, rich characters, and fascinating storylines, it’s no wonder that manga has taken the world by storm. Despite having its roots in Japan, the modern manga business now attracts readers worldwide. Manga certainly has something for everyone- a touching romance story or an action-packed adventure tale. Explore the world of manga right now to find out what all the hype is about. You won’t be let down.