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The children and young adult books market has experienced steady growth, progressing from $11.76 billion in 2023 to $12.06 billion in 2024, marking a compound annual growth rate (CAGR) of 2.6%. This growth in the historical period is attributed to the expansion and increase in the young adult population, a rise in early childhood reading, and the growth of book charities and government initiatives. Looking ahead to 2028, the market is expected to continue its upward trajectory, reaching $13.25 billion with a CAGR of 2.4%. The forecasted growth is associated with the increasing popularity of ebooks and audiobooks, the expanding penetration of digital technology, and a growing preference for independent bookstores. Notable trends in the forecast period include the provision of personalized storybooks, integration of popular video games into books, the adoption of subscription models, and a call for investments in separate self-publishing platforms for authors, print-on-demand services, and increased focus on mergers and acquisitions.

The children and young adult books market witnessed growth attributed to the increasing disposable income of consumers. A rise in disposable income enhances consumer purchasing power and raises the likelihood of spending on leisure activities such as reading books. For instance, the national median family income in the US for fiscal year 2021 rose to $79,900 from $78,500 in the previous fiscal year. The boost in consumer disposable income played a pivotal role in driving the growth of the children and young adult books market.

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What Are The Key Trends That Influence Children and Young Adult Books Market Share Analysis?

Book publishing companies are increasingly offering personalized storybooks that incorporate children’s names and interests. Many of these companies focus on personalized bedtime stories. For example, Wonderbly publishes books that allow children to imagine themselves in extraordinary scenarios, with different books for various age groups. Another company, Bookyboo, also provides personalized books for children.

Which Market Players Are Driving Growth In 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.

How Is The Global Children and Young Adult Books Market Segmented?

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)

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The Children and Young Adult Books Global Market Report 2024 provides an overview of the children and young adult booksmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The children and young adult books market forecast analyzes children and young adult books market size, children and young adult books market share, leading competitor and their market positions.

The Table Of Content For The Children and Young Adult Books Market Include

1. Children and Young Adult Books Market Executive Summary
2. Children and Young Adult Books Market Segments
3. Children and Young Adult Books Market Size And Template Market Growth Rate
4.  Key Children and Young Adult Books Market Trends
5. Major Children and Young Adult Books Market Drivers
……
25. Key Mergers And Acquisitions In The Children and Young Adult Books Market
26. Top Children and Young Adult Books Companies
27. Children and Young Adult Books Market Opportunities And Strategies
28. Children and Young Adult Books Market, Conclusions And Recommendations
29. Appendix

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