Children and Young Adult Books Market Size, Trends Analysis, Forecast To 2033

Children And Young Adult Books Market Definition And Segments

Children and young adult books refer to written works intended to be read to or by children and teens, including poetry, short tales, novels, picture books, and chapter books.

The main types of children and young adult books are print books, eBooks, and audiobooks. An audiobook is a spoken version of a book that has been published in electronic form. The children and young adult books are distributed through online distribution, offline distribution channels and are used by children (2 to 10 years), adolescents (11 to 17 years), young adults (18 to 25 years).

The children and young adult books market covered in this report is segmented –

1) By Type: Print Book, eBook, Audiobook

2) By Distribution Channel: Online distribution, Offline distribution

3) By End-user: Children (2 to 10 years), Adolescents (11 to 17 years), Young adults (18 to 25 years)

The children and young adult books market size has grown steadily in recent years. It will grow from $11.76 billion in 2023 to $12.06 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to growth in the young adult population, increasing early childhood reading, and an increase in book charities and government initiatives.

The children and young adult books market size is expected to see steady growth in the next few years. It will grow to $13.25 billion in 2028 at a compound annual growth rate (CAGR) of 2.4%. The growth in the forecast period can be attributed to rising eBooks and audiobooks, increasing penetration of digital technology, and growing preference for independent bookstores. Major trends in the forecast period include offering personalized storybooks, focusing on integrating popular video games into books and offering their books under a subscription model. Companies should also look at investing in separate self-publishing platforms for authors, and print-on-demand services and invest in increasing mergers and acquisitions.

Rising Disposable Income Boosts Children And Young Adult Books Market

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 on leisure activities including reading books. For instance, the national median family income in the US for the fiscal year 2021 was $79,900, an increase from $78,500 in the fiscal year 2020. Therefore, the increase in the disposable income of consumers drove the growth of the children and young adult books market.

The Rise In Audiobooks Sales Are Anticipated To Fuel The Children And Young Adult Books Market

The rise in audiobook sales is expected to propel the children and young adult books market. An audiobook is a recorded version of a book or other written material, narrated aloud, which can be listened to on various devices rather than being read from a printed page or electronic reader. Books catering to children and young adults are being converted to audio allowing youngsters and their families greater flexibility, enabling them to listen to stories during commutes, bedtime, or other activities. For instance, in 2023, according to the report by Bookwire GmbH, a Germany-based service provider for the delivery of e-books, in 2022, the audiobook turnover in Spain and Latin America saw a rise of 52.81% compared to the year 2021. Therefore, the rise in sales of audiobook sales is driving the children and young adult books market.

Major companies operating in the children and young adult books market report are Penguin Random House, Hachette Livre, Holtzbrinck Publishing Group, HarperCollins Publishers, Scholastic, Phoenix Publishing & Media Inc., Simon & Schuster, Oxford University Press, McGraw-Hill Education, Bonnier Group, Tulika Books, Amar Chitra Katha, Katha, Duckbill, Pratham Books, Puffin Books, Speaking Tiger, Walker Books, EK Books, Allen & Unwin, Ford Street Publishing, MidnightSun Publishing, Wombat Books, Pan Macmillan Australia, Big Sky Publishing, Penguin Random House Australia, Hinkler Books, New Holland Publishers, Shogakukan Inc., Fukuinkan Shoten Publishers Inc., Iwasaki Publishing Co. Ltd., Kaisei-Sha Publishing Company Ltd., China Publishing Group, Zhejiang University Press Co. Ltd., China Agriculture Press, Dolphin Books, Anhui Time Anime Company Limited, Commercial Press International and the Children’s Fun Publishing House, Bloomsbury Publishing, Hachette UK (Holdings) Limited, Magink Publishing House, Gallimard Jeunesse, Editorial Planeta, Meshcheryakov Publishing House, Mozaika-Sintez Education Publishing House (Russia), Albatros Publishing House Co. Inc., Znak Spoleczny Instytut Wydawniczy, Scholastic Inc., Penguin Random House Audio, Thomson Reuters, TCK Publishing, SAGE Publications, Hachette Book Group, Little Bee Books, Houghton Mifflin Harcourt, Wiley, Cengage, Austin Macauley Publishers, Kalimat Publishing and Distribution, Medina Publishing, Zamzam Publishing (UAE), Kadi and Ramadi, Katara Publishing House, Hamad Bin Khalifa University Press, Roza Publishing House, Dar Al Watad, Lusail Publishing House, Mars Publishing House, Obeikan Bookshop, Macmillan South Africa (Pty) Ltd., Oxford University Press Southern Africa (Pty) Ltd. (South Africa), New Africa Books (Pty) Ltd., Saray Publishing, Al Arabi Publishing and Distribution, Literamed Publications Limited, Grace Springs Africa Publishers, Ilupeju.

Online Piracy Challenges Growth In Children And Young Adult Books Market

The increase of online book piracy in book publishing is a major challenge in the children and young adult books market. For many years, online piracy has been on the rise all over the world. Online piracy consumes nearly a quarter of global Internet bandwidth. Online piracy, which is frequently regarded as a victimless crime by the 'pirates,' results in billions of dollars in lost revenue. It harms the entire media industry, not just artists, creators, publishers, and distributors. In 2020, more than 130 billion visits were made to piracy websites. The United States, Russia, and China are the countries with the most visitors to piracy websites. The increase in online book piracy negatively impacts the children and the young adult book market.

Rise Of Personalized Storybooks To Cater to Younger Population

Books publishing companies are increasingly implementing personalized storybooks that allow inserting children's names and 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.

New Series Launch For Children's Education

Major players operating in the children and young adult books market are launching new book series such as ‘But Why’ to educate and entertain kids. ‘But Why’ is a book series that aims to educate and entertain elementary-aged kids. For instance, in April 2022, But Why, a US project of Vermont Public Co, a US-based public broadcaster, launched a new book series, But Why Are Llamas Ticklish, and But Why Do Fish Breathe Underwater. This series is ideal for adults to share with elementary-aged children or for solo readers between the ages of seven to eleven.

Book Depot Expands Distribution Capabilities With Acquisition Of American Book Company

In December 2021, Book Depot, a Canada-based bargain book distributor, acquired American Book Company for an undisclosed amount. The acquisition is part of the company’s growth strategy, and it would provide enhanced book distribution capabilities to the company. American Book Company is a US-based bargain book shop chain and book distributor.

Asia-Pacific was the largest region in the children and young adult books market in 2023. North America was the second largest region in the global children and young adult books market share. The regions covered in the children and young adult books market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the children and young adult books market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The children and young adult books market consists of revenues earned by entities by offering design, editing, and marketing activities necessary for producing and distributing children and young adult books. These establishments may publish books in print, electronic, or audio form. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The children and young adult books market research report is one of a series of new reports from The Business Research Company that provides children and young adult books market statistics, including children and young adult books industry global market size, regional shares, competitors with children and young adult books market share, detailed children and young adult books market segments, market trends and opportunities, and any further data you may need to thrive in the children and young adult books industry. This children and young adult books market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Interactive Childrens Books Market Size And Forecast

Interactive Childrens Books Market size was valued at USD 3,199 Million in 2023 and is projected to reach USD 4,034.8 Million by 2030, growing at a CAGR of 4.0% during the forecast period 2024-2030.

To Get Detailed Analysis:

Global Interactive Childrens Books Market Drivers

The market drivers for the Interactive Childrens Books Market can be influenced by various factors. These may include:

• Digital Technology Advancements: Children’s books now have much more interactive content because to the ongoing development of digital technologies like augmented reality (AR) and virtual reality (VR). Parents and kids alike will find these technologies to be immersive and captivating.
• Growing Need for instructional Content: Beyond conventional forms, parents and educators are looking for more instructional content for kids. Children’s interactive books frequently include educational components that support reading, numeracy, problem-solving abilities, and other developmental features in a fun way.
• Consumer tastes are Shifting: As a growing percentage of children are digital natives, there is a movement in consumer tastes in favour of digital and interactive entertainment. In an effort to adapt to their children’s evolving tastes, parents might be more likely to select interactive children’s books over traditional ones.
• Globalisation and Accessibility: The market reach of interactive children’s books has increased due to the availability of these books on online platforms throughout the world. The market for interactive children’s books is expanding thanks to publishers’ ability to reach a wider audience through digital distribution platforms and online marketplaces.
• Parental Concerns over Screen Time: Interactive children’s books provide a balance between technology and conventional reading, as there is a growing emphasis on screen time and its possible effects on kids. While offering an engaging and instructive experience, many interactive books are made to reduce screen use.
• Novel Storytelling Formats: Publishers are always experimenting with novel storytelling formats that blend interactive aspects with classic storylines. Children and parents are drawn to this creative content development, which sets interactive children’s books apart in the marketplace.
• Collaborations and Licencing: Publishers, technological companies, and content creators can work together to create interactive children’s books that are of excellent quality. Gaining market appeal can also come from licencing well-known characters or franchises for interactive storytelling.
• Parental Involvement: Interactive children’s books frequently promote parental participation in the reading process. Parent participation in the storytelling process and the ability to track their child’s development are two features that might increase parental interest in these books and increase engagement.

Global Interactive Childrens Books Market Restraints

Several factors can act as restraints or challenges for the Interactive Childrens Books Market. These may include:

• Digital Divide: Not every youngster has equal access to the internet or digital devices. Certain groups may not adopt interactive children’s books as much due to economic gaps, which would result in uneven market penetration.
• Parental Concerns: A few parents can voice their worries over the amount of screen time their kids spend using. The adoption of interactive books may be impacted by this, particularly those that call for extended usage of electronic devices.
• Technological Barriers: Technology is needed for the creation and integration of interactive elements. Adoption may be hampered if the technology is difficult to use, has compatibility problems, or needs frequent updates.
• Regulatory Difficulties: The creation and promotion of interactive children’s books may be impacted by regulatory challenges, such as privacy concerns over the acquisition of data from minors. Tighter rules could be problematic for businesses in this industry.
• Competition from Traditional Books: In children’s literature, traditional printed books continue to command a large portion of the market. Because they are concerned about our over-reliance on technology, some parents and educators might choose classic books over interactive ones.
• Costs: Because interactive children’s books incorporate technology, production costs may be greater. Should pricing turn into a major deterrent for buyers, the market’s potential expansion may be restricted.
• Dynamics of Educational Systems: The use of technology in educational systems may have an impact on the uptake of interactive books. The market may grow more slowly if educational institutions and schools do not adopt interactive learning tools.
• Cultural Sensitivity: To appeal to a worldwide readership, interactive children’s books must be diverse and sensitive to cultural differences. Insensitivity to cultural quirks or a lack of diversity in the content can restrict market acceptability.

Global Interactive Childrens Books Market Segmentation Analysis

The Global Interactive Childrens Books Market is Segmented on the basis of Content Type, Platform, Age Group, and Geography.

Interactive Childrens Books Market, By Content Type

• Narrative Books: Interactive storybooks that engage children through compelling narratives, often combining text, images, and audio.
• Educational Books: Interactive books designed to teach specific concepts, skills, or subjects through multimedia content and activities.
• Activity Books: Books that include interactive games, puzzles, and other hands-on activities to promote learning and engagement.

Interactive Childrens Books Market, By Platform

• Mobile Apps: Interactive children’s books available on smartphones and tablets, often utilizing touchscreens, accelerometers, and other features.
• Web-based: Books accessible through web browsers on computers and other devices with internet connectivity.
• AR/VR Books: Books incorporating augmented reality (AR) or virtual reality (VR) elements for an immersive reading experience.

Interactive Childrens Books Market, By Age Group

• Preschoolers (0-5 years): Interactive books tailored to the developmental needs and interests of young children.
• Elementary School (6-12 years): Books designed for early and middle childhood, balancing entertainment and educational content.
• Teenagers (13-18 years): Interactive books that cater to the reading preferences and comprehension levels of teenagers.

Interactive Childrens Books Market, By Geography

• North America: Market conditions and demand in the United States, Canada, and Mexico.
• Europe: Analysis of the Interactive Childrens Books Market in European countries.
• Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
• Middle East and Africa: Examining market dynamics in the Middle East and African regions.
• Latin America: Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Interactive Childrens Books Market are:

• Penguin Random House
• Scholastic
• HarperCollins
• TouchPlay
• LeapFrog
• MeeGenius
• Osmo

Report Scope

REPORT ATTRIBUTESDETAILSSTUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Penguin Random House, Scholastic, K26 HarperCollins, TouchPlay, LeapFrog, Osmo.

SEGMENTS COVERED

By Content Type, By Platform, By Age Group, and By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Top Trending Reports:

Global Information Security Consulting Market Size And Forecast

Global Telecom Towers Market Size And Forecast

Research Methodology of Verified Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Research.

Reasons to Purchase this Report:

Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post-sales analyst support

Customization of the Report

In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions