The anime industry is set to triple in size over the next decade according to a recent report byVariety. The article cites a report by a Wall Street firm that found anime streaming to be $5.5 billion industry and, based on current forecasts, the industry is expected to take in an earth-shattering $16 billion by 2030.

The Anime Industry’s Explosive Growth Is Fueling More Great Anime Than Ever

Anime’s Popularity Is Paying Off Creatively

All of this comes on the tail of another report stating that themanga industry is also expected to triple in sizeby 2030. Fueled by breakout hits likeSolo LevelingandDandadan, the anime and manga industry has never been bigger. More than just fueling series aimed at wide audiences, weirder and potentially more niche anime are getting made too. Standouts like MAPPA’sZenshuand Production h+‘sDead Dead Demon’s Dededede Destructionhave room to flourishgiven the industry’s massive success.

A big part of the industry’s explosive growth is the popularity of it on streaming services like Netflix and Crunchyroll. Netflix, in particular, has made anime a huge priority by helping to fund series likeDevilman Crybaby,Cyberpunk: Edgerunners, andDelicious in Dungeon, all of which have achieved critical acclaim.

A glowing Bardock in front of images of Frieza and Goku.

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Perhaps more impressive than Netflix’s success with anime though is Crunchyroll. Crunchyroll is exclusively dedicated to anime, so the fact that it’s doing so well is proof that the industry has already grown from a niche interest to a far more mainstream one. Being home to massively popular series likeDemon Slayer,Jujutsu Kaisen,One Piece, andDragon Ballcertainly helps the flagship anime streamer succeed where smaller anime streaming services haven’t.

A happy Machu

Netflix And Crunchyroll Aren’t The Only Game In Town

Other Streaming Services Are Starting To See Anime’s Potential

While Netflix and Crunchyroll remain top dogs in terms of anime streaming, 18% of anime streaming revenue comes from other services. The most obvious one is AMC’s HiDive, another service dedicated solely to anime that saw a great deal of attention due to big hits likeThe Eminence In ShadowandOshi no Ko.