Japan’s K-pop market grows, while global share slips

  • New data show Japan’s K-pop market maturing, fan habits shifting in post-BTS era


    Japan remains the largest overseas market for K-pop, but new data suggests its global position is shifting. A report released last month by K-Pop Radar and the Korea Creative Content Agency’s Japan office found that while Japan’s K-pop market continues to grow in size, its share of global consumption is slipping as other regions expand more quickly.


    The report, based on YouTube data and a survey of Japanese K-pop fans, depicts a market that remains influential but is showing signs of maturity. Demand is steady and purchasing power remains strong, but growth is slowing as the landscape shifts from rapid expansion to stability driven by long-established fan bases.


    Slowing but steady


    K-pop YouTube views in Japan totaled 4.06 billion in 2022, 4.57 billion in 2023 and 4.95 billion in 2024, representing a three-year compound annual growth rate of about 10.3 percent.


    Growth remains solid, though the pace has eased from 12 percent on-year in 2023 to around 8 percent the following year.


    “This trajectory is typical of a market that has already achieved saturation, where new fan inflows are smaller and the bulk of activity comes from established communities,” K-Pop Radar said in its report.


    Despite the increase in absolute views, Japan’s share of global K-pop YouTube consumption fell from 8.77 percent in 2022 to 8.65 percent in 2023 and 8.54 percent in 2024.


    “The absolute market is expanding, but the global landscape is expanding faster, driven primarily by Southeast Asia, Latin America and other emerging regions,” K-Pop Radar said.


    Through the third quarter of 2025, Japan recorded 3.59 billion views, down 1.06 percent on-year, reinforcing the view that the market may have reached a plateau.


    Post-BTS shifts


    BTS remains the most influential K-pop act in Japan and accounted for roughly 20 percent of all views in 2022. But following the group’s hiatus for mandatory military service, consumption naturally dispersed toward individual releases and other leading acts, giving several groups room to strengthen their foothold.


    Seventeen has maintained one of the most stable positions in the market, holding on to a top-five ranking for four consecutive years, supported by Japanese-language releases, major tours and performance-based content.


    Twice has held the strongest presence among girl groups since 2023, bolstered by the Misamo subunit — Japanese bandmates Mina, Sana and Momo — and a long-running localization strategy that has reinforced fan loyalty.


    Stray Kids posted some of the fastest growth between 2023 and 2024, earning strong results on Oricon and Billboard Japan and retaining a top-tier position in 2025.


    Newer girl groups such as aespa, Ive, Le Sserafim and NewJeans have also climbed rapidly, benefiting from short-form content and distinctive visual identities that continue to diversify a market once dominated by boy bands.


    New fan patterns


    A survey of 95 Japanese K-pop fans included in the report highlights several emerging behavioral shifts. More than half of respondents said they follow multiple groups rather than focusing on a single act, reflecting Japan’s broad, genrewide approach to fandom.


    The findings also show that personal networks play a major role in discovering K-pop. Recommendations from friends and family were the most common entry point, surpassing digital platforms such as YouTube, music programs and TikTok.


    “This reflects the importance of social networks and interpersonal influence in Japan, where exposure to new content is often driven by community rather than algorithm,” K-Pop Radar said.


    Source: https://m.koreaherald.com/article/10632920

  • I do notice the decline for kpop in the western market. I think what's happening in this market the new wave of popstars are connecting with multiple audiences. People in this market rather save money for the popular western pop stars rather than spend on kpop groups. It makes sense why kpop companies should maybe invest less in the west and possibly look at markets like Japan because there's more loyalty with that market compared to the west.

  • So a few takeaways:


    • YouTube is a terrible metric for this for reasons I think we all already know
    • Japan's the largest overseas market but it's global share is less than 8%. So consumption is pretty diffuse geographically.
    • Japan's total consumption is up, but its global share has declined, meaning that global consumption is up by a greater extent. Is this consumption in the room with us? We will likely end the year with a second consecutive YoY decline in total album sales. Global streaming also appears to be down. We're seeing groups cancel tour dates or struggle to sell out even small venues. So I guess global YouTube consumption is up. But that clearly doesn't seem to mean much in the grand scheme?
  • So a few takeaways:


    • YouTube is a terrible metric for this for reasons I think we all already know
    • Japan's the largest overseas market but it's global share is less than 8%. So consumption is pretty diffuse geographically.
    • Japan's total consumption is up, but its global share has declined, meaning that global consumption is up by a greater extent. Is this consumption in the room with us? We will likely end the year with a second consecutive YoY decline in total album sales. Global streaming also appears to be down. We're seeing groups cancel tour dates or struggle to sell out even small venues. So I guess global YouTube consumption is up. But that clearly doesn't seem to mean much in the grand scheme?

    Does YouTube filter out bot views? I think that's why I don't fully trust YouTube because tougher to know genuine streams because of bots and ads. Just look at 5th gen group Badvillain that had 51m views for their debut. The company spent a lot on ads which generated a ton of views but not many genuine views as you can see MV views for their other MVs was nowhere close to that amount.


    I think cancelled tours and struggling to sell is why many companies are starting to go conservative with venue selection for tours. Nmixx and Le Sserafim are popular groups, but they decided to play it safe with venues and dates for their world tours. It makes sense because companies need to reevaluate how strong actual demand for groups are, so they can better meet demand for their next tours. I think it's a smart approach even though it will disappoint some fans, but we're in a different market with the kpop market possibly maturing.

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