3/31/2023 0 Comments Audio books for young adultsFactors that negatively affected growth in the historic period were piracy and rising raw material costs combined with falling print book prices. Growth in the historic period resulted from emerging markets growth and growth in the young adult population, increasing early childhood reading and increase in book charities and government initiatives. The children and young adult books market is expected to grow from $21,946.3 million in 2025 to $26,532.3 million in 2030 at a CAGR of 3.9%. The growth is mainly due to the increasing screen time concerns which is expected to drive the demand for children and young adult books. The market is expected to grow from $16,878.2 million in 2020 to $21,946.3 million in 2025 at a rate of 5.4%. The global children and young adult books market reached a value of nearly $16,878.2 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.2% since 2015. Young adult books are published to be aimed at adolescents aged 11 to 17 years and young adults 18 to 25, whereas, children’s books publishers target different age groups such as board books published for 2 t0 10 years, picture books and coloring and activity books for ages 3-8, novelty books for ages 3 and up, depending on content, early leveled readers books for ages 5–9, first chapter books for ages 6–9 or 7–10, and middle-grade books for ages 8–10.Ĭhildren and Young Adult Books Market Size This can consist of literary, non-fiction and artistic genres and physical formats such as hard cover and paperback. The children and young adults’ books market includes any material written and produced for the purpose of information or entertainment of children and young adults. Only goods and services traded between entities or sold to end consumers are included. These establishments may publish books in print, electronic, or audio form. The children and young adult books market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out the writing, editing, and marketing activities necessary for producing and distributing children and young adult books. Children and Young Adult Books Market Definition
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