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"Children's Books Market" Research Report 2023 includes detailed market segmentation based on Regions, Applications (Baby-2, Ages 3-5, Ages 6-8, Ages 9-12), and Types (Books, e-Books, Audio Books). The report presents the research and analysis provided within the Children's Books Market Research is meant to benefit stakeholders, vendors, and other participants in the industry. This report is of 122 Pages long. The Children's Books market is expected to grow annually by magnificent (CAGR 2023 - 2030).
Who is the largest manufacturers of Children's Books Market worldwide?
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Short Description About Children's Books Market:
The Global Children's Books market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Children's book including a wide range of works, picture books and easy-to-read stories written exclusively for children, and fairy tales, lullabies, fables, folk songs, and others.The Children's Books market revenue was Million USD in 2016, grew to Million USD in 2021, and will reach Multi Million USD in 2026, with a Impressive CAGR during 2021-2026.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Children's Books. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2030.
Children's Books Market size is projected to reach Multimillion USD by 2030, In comparison to 2022, at unexpected CAGR during 2022-2030.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Children's Books in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The report focuses on the Children's Books market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.
Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Children's Books market.
What are the factors driving the growth of the Children's Books Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Children's Books
What are the types of Children's Books available in the Market?
Based on Product Types the Market is categorized into Below types that held the largest Children's Books market share In 2023.
Which regions are leading the Children's Books Market?
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This Children's Books Market Research/Analysis Report Contains Answers to your following Questions
Children's Books Market - Covid-19 Impact and Recovery Analysis:
We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Children's Books market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Children's Books industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pestel evaluation within the business enterprise to study key influencers and boundaries to entry.
Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we're constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Children's Books Industry.
Detailed TOC of Global Children's Books Market Research Report, 2023-2030
1 Market Overview
1.1 Product Overview and Scope of Children's Books
1.2 Classification of Children's Books by Type
1.2.1 Overview: Global Children's Books Market Size by Type: 2017 Versus 2021 Versus 2030
1.2.2 Global Children's Books Revenue Market Share by Type in 2021
1.3 Global Children's Books Market by Application
1.3.1 Overview: Global Children's Books Market Size by Application: 2017 Versus 2021 Versus 2030
1.4 Global Children's Books Market Size and Forecast
1.5 Global Children's Books Market Size and Forecast by Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Children's Books Market Drivers
1.6.2 Children's Books Market Restraints
1.6.3 Children's Books Trends Analysis
2 Company Profiles
2.1 Company
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Children's Books Product and Solutions
2.1.4 Company Children's Books Revenue, Gross Margin and Market Share (2019, 2020, 2021 and 2023)
2.1.5 Company Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Children's Books Revenue and Share by Players (2019,2020,2021, and 2023)
3.2 Market Concentration Rate
3.2.1 Top3 Children's Books Players Market Share in 2021
3.2.2 Top 10 Children's Books Players Market Share in 2021
3.2.3 Market Competition Trend
3.3 Children's Books Players Head Office, Products and Services Provided
3.4 Children's Books Mergers and Acquisitions
3.5 Children's Books New Entrants and Expansion Plans
4 Market Size Segment by Type
4.1 Global Children's Books Revenue and Market Share by Type (2017-2023)
4.2 Global Children's Books Market Forecast by Type (2023-2030)
5 Market Size Segment by Application
5.1 Global Children's Books Revenue Market Share by Application (2017-2023)
5.2 Global Children's Books Market Forecast by Application (2023-2030)
6 Regions by Country, by Type, and by Application
6.1 Children's Books Revenue by Type (2017-2030)
6.2 Children's Books Revenue by Application (2017-2030)
6.3 Children's Books Market Size by Country
6.3.1 Children's Books Revenue by Country (2017-2030)
6.3.2 United States Children's Books Market Size and Forecast (2017-2030)
6.3.3 Canada Children's Books Market Size and Forecast (2017-2030)
6.3.4 Mexico Children's Books Market Size and Forecast (2017-2030)
7 Research Findings and Conclusion
8 Appendix
8.1 Methodology
8.2 Research Process and Data Source
8.3 Disclaimer
9 Research Methodology
10 Conclusion
Continued….
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One of the opening events for this year's Children's Institute, being held June 5-7 in Milwaukee, was the “The State of the Children’s Book Market” presentation by data analyst Brenna Connor. Connor manages industry insights at the consumer analytics firm Circana, parent company of BookScan, where she tracks entertainment categories including books, toys, and videogames. She spoke about transformations in the children’s, middle grade, and YA sectors since 2019, and she assessed trouble spots and growth opportunities across the industry.
In terms of the entire book industry, Connor said, as many in the industry do, that while print unit sales fell 6% last year, the 780 million units sold in 2022 was well above the 697 million units sold in 2019. Looking at 2022 figures for print books, Connor found that sales of children’s fiction and nonfiction declined and “[print] YA was essentially flat,” yet audiobooks were popping. “Audio is the fastest growing format in books, gaining five points in a four-year period,” she said, and “audio is the only format gaining share across all supercategories” of print, e-book, and audiobook.
Kids’ digital audio increased 10% from 2021 to 2022, and the YA “segment just posted its highest Q1” ever in 2023. With e-books trending down, Connor predicts audiobooks soon will surpass e-books in popularity.
Connor said there is a bright spot in terms of digital text sales—Webtoon. Noting that “engagement was very high” for Alice Oseman’s Heartstopper series (with 415 million views on Webtoon), Connor said to keep an eye on Webtoon: “We think this is the most important platform to watch in terms of content today.” Although Webtoon represents 2% of the overall market share in comics, it “grew 80 times faster than the rest of the comics and graphic novel space.”
‘The Coral Reefs of the Publishing Industry’
Connor reinforced a key ABA talking point when she encouraged CI2023 attendees to keep making their information available to BookScan in all formats. “You help amplify the indie market’s voice,” she told attendees, because BookScan data shapes bestseller lists and informs market projections. Participants also get access to data tracking tools they can use for their stores.
“We like to think of indie bookstores as the coral reefs of the publishing industry,” Connor said, calling to mind a biodiverse ecosystem as well as a susceptibility to shifting tides. She said indie booksellers command “a higher frontlist share in comparison to the total market” and discover valuable information about consumer behavior both in-store and online. (Looking at the consumer market, Connor noted that in January 2019, 70% of general merchandise, including books, was sold in stores, while 30% was sold online. The in-store to online ratio stood at 50/50 as the pandemic ramped up, and although behavior has shifted “back to normal,” 54% of general merchandise is sold in-store while 46% is sold online.)
According to BookScan projections, bookstores in small to midsize U.S. markets remain likely to see strong growth as the population migrates away from expensive metropolitan centers like the Bay Area. In a time of “shrinkflation,” Connor said, people are being cautious about how they spend earnings on “discretionary retail” like print, e-books, and audiobooks.
Questions for Readers—and for Retailers
When Connor posted a slide proclaiming “#BookTok is not a fluke,” the audience laughed in agreement. She attributed 43 million unit sales in 2022 to BookTok, and said YA titles account for 28% of BookTok-driven sales.
Connor did raise questions about a concerning slump in the middle grade category; sales are down $18.8 million from last year. A quarter of middle grade titles sold are graphic narratives, boosted by Dav Pilkey, Raina Telgemeier, and Tui Sutherland’s mega-sellers.
“Two things stood out” in the BookScan data, Connor said. First, the paperback format in middle grade is driving more than half of the year-over-year declines, which "tells us this is not necessarily a pricing issue,” while “frontlist is driving more than half the losses and declining at four times the rate of backlist paperback" for middle readers.
The mystery is whether the decline is driven by young readers, who may not have access to “peer-to-peer discovery” engines like BookTok and who may be “aging out” of the category, or by big-box retailers that carry a limited frontlist selection of known quantities, Connor suggested. “Some kids are likely ‘reading up’ into manga, webtoons, and YA,” especially since YA posted gains, she said. “There is still a hungry market out there for these books, so look for opportunities to refresh and rediscover middle grade. Think about new voices and new stories.”
Connor also observed “softer sales in the beginner reader and intermediate reader series” meant to help children gain literacy. This is “counterintuitive to what we would expect,” she said. “We know there is a beginning reading crisis in America,” so consecutive YOY declines are puzzling. She wonders whether publishers might adapt their marketing strategies to spotlight these series, or whether bookstores might display the materials in a more discoverable way.
“The middle grade market is down, but we think there is potential here,” Connor said, concluding on the topic of growth opportunities.
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