Globally, the romance novel industry is a massive, high-growth sector of the publishing market, with estimated annual revenues exceeding $1.44 billion with consistent growth of the past several years.
It is frequently ranked as the highest-earning genre of fiction, often outselling mystery, science fiction, and fantasy combined. To that I say, “Well done, us!” Romance novels account for roughly 30-35% of all fiction sales annually. In the US, they make up approximately 18% of the total adult fiction market.
While e-books account for approximately 60% of total romance sales, print is making a comeback. Social media platforms have significantly boosted sales. Indie-published romance titles make up 65%of the Amazon top 100 Romance List.
Romance readers read from 3-8 books per month, and romance bookstores are experiencing a revival with high demand for physical copies. While romance readers are predominantly women, the audience is diversifying.
– Amélie Jervay
