Essence, Trends and Prospects of Crowdfunding in the Global Economy (Фундаментальные исследования (Fundamental Research))

Summary

• The global crowdfunding market in 2026 is estimated at $14.2–22.8 billion, depending on the source.p.3
• In 2026 North America holds 35-38% of the market, Asia-Pacific 28-32% and Europe 22-26%.p.4
• The EU's ECSP Regulation sets a minimum capital of €50 thousand for crowdfunding platforms.p.4

Key insights

1. Estimates differ because some analysts count only investment models (crowdlending and crowdinvesting) while others add reward and donation platforms.p.3
2. In Europe the dominant models are Lending (40%), Equity (30%) and Reward (20%).p.4
3. In North America the dominant models are Equity (45%), Reward (30%) and Lending (20%).p.4
4. China accounts for up to 35% of the world market, and Reward (40%) is the leading model in Asia-Pacific.p.4
5. In the optimistic scenario the institutional investor share approaches 60% and the average deal size grows 2-3 times compared with 2026.p.6
6. Crowdfunding evolved from a niche tool for creative and charitable projects in the late 2000s into a complex ecosystem of retail and institutional players by the mid-2020s.p.3
7. The authors caution that data for 2025 and 2026 are relatively insufficient to show long-term trends, which lowers the reliability of the forecasts.p.6