What Has Been the Growth of the Non Fiction Books Market So Far?
The non fiction books market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size for non-fiction books has been experiencing consistent growth. It is expected to surge from $15.3 billion in 2024 to $15.78 billion in 2025, showcasing a compound annual growth rate (CAGR) of 3.2%.
Factors like educational curriculum, autobiographies and reminiscences, self-improvement and personal growth, cultural and social significance, and research and professional development have driven the growth during the historical period.
What Is the Forecasted Market Size and Growth Rate for The Non Fiction Books Market Size In The Coming Years?
The non fiction books market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for non-fiction books is predicted to appreciate steadily in the upcoming years, reaching a value of $17.14 billion in 2029, with a compound annual growth rate (CAGR) of 2.1%.
The anticipated growth during this forecast period can be credited to factors such as diversity and inclusivity, advancements in science and technology, focus on mental health and well-being, data-oriented publishing, as well as sustainability and eco-conscious publishing. Key trends expected to emerge during this forecast period encompass narrative non-fiction, socio-political commentary, multimedia and interactive content, specialized local and niche topics, and hybrid formats.
What Factors Are Driving Growth In The Non Fiction Books Market?
The anticipated surge in the non-fiction books market is mainly attributed to the establishment of online sales platforms over the forecast period. The accelerating usage and universal access to internet connectivity, the tally of digital consumers rises annually. Online platforms provide significant value by facilitating communication and commerce. Additionally, they have reasonable operating expenses. As a response to the coronavirus outbreak and people confining themselves at home, bookstores are putting more resources into online sales venues. They have also arranged a showcase area for books relating to health knowledge, especially aimed at the pandemic, offering a general markdown between 20% and 30%. Consequently, online bookstores are recording higher sales volumes than traditional ones.
What Are The Main Segments Of The Global Non Fiction Books Market?
The non-fiction books market covered in this report is segmented –
1) By Type: eBook, Printed Book, Audio book
2) By Category: Religion, Travel, Biography, History/Law/Political Science, Business/Economics, Cooking/Entertainment, Computers, Crafts/Antiques/Hobbies/Games, Performing Arts, Other Categories
3) By Distribution channel: Online sales, Bookstores, Direct Sales
Subsegments:
1) By eBook: Dedicated eReader Platforms, Mobile Applications, Online Subscription Services
2) By Printed Book: Hardcover, Paperback
3) By Audio book: Streaming Services, Downloadable Audio Files, Physical Media (CDs)
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What Trends Are Reshaping The Future Of The Non Fiction Books Market?
Leading enterprises in the non-fiction books market are investing in the introduction of innovative offerings such as e-book apps or platforms, with the goal of improving accessibility and providing a more immersive and flexible reading experience for non-fiction content. These e-book apps or platforms consist of digital apps or web services that make it possible for consumers to browse, read and occasionally buy electronic books (e-books), accessible on various devices like smartphones, tablets, and e-readers. For example, in November 2023, Rokomari, a digital commerce firm based in Bangladesh, launched the eBook library. This library is meshed with Rokomari's pre-existing e-book platforms, including both web and mobile applications, allowing an easy access and reading process for a broad spectrum of digital books. The eBook library was created to offer a superior reading experience, fitted with features specifically for digital readers. The e-book library by Rokomari covers a broad range of book categories such as fiction, non-fiction, Islamic literature, children's and young adult books, academic resources, and career-oriented materials.
Who Are the Key Players In The Non Fiction Books Market?
Major companies operating in the non-fiction books market include:
• HarperCollins Publishers LLC
• Bloomsbury Publishing plc
• Scholastic Corporation
• Pearson plc
• McGraw Hill LLC
• Penguin Random House LLC
• Hachette Livre S.A.
• Thomson Reuters Corporation
• Elsevier B.V.
• Andrews McMeel Publishing LLC
• The Experiment LLC
• Storey Publishing LLC
• Diversion Books LLC
• Chronicle Books LLC
• Simon & Schuster Inc.
• Hachette Book Group Inc.
• Macmillan Publishers Limited
• W. W. Norton & Company Inc.
• Yale University Press
• The University of Chicago Press
• Oxford University Press
• Cambridge University Press
• Princeton University Press
• University of California Press
• Beacon Press
• Basic Books Inc.
• Da Capo Press Inc.
• PublicAffairs LLC
• St. Martin's Press LLC
• The University of Michigan Press
• University of Minnesota Press
• The University of North Carolina Press
• University of Pennsylvania Press
• University of Texas Press
• University of Virginia Press
• University Press of Florida
• University Press of Kansas
• University Press of Kentucky
• University Press of Mississippi
• University Press of New England
What Is The Most Dominant Region In The Non Fiction Books Market?
Asia-Pacific was the largest region in the non-fiction books market in 2023. Middle East is expected to be the fastest-growing region in the non-fiction books market during the forecast period. The regions covered in the non-fiction books market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
