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[SITUATION] · [QUIET] · [BUSINESS]
3 clusters · 9 sources · 30 days · First seen · Last updated
Global recorded-music market growth and shifts
Overview
The global recorded-music market is projected to experience significant long-term growth. While Omdia previously estimated revenue would reach $56.8 billion by 2030, new forecasts from MIDiA Research suggest a much larger trajectory, projecting revenues could hit $121.1 billion by 2033. This growth is expected to be driven by a diversifying ecosystem, including a ‘fan economy’—comprising merchandise, live events, and brand partnerships—which is forecast to reach $18.5 billion by 2033.
Streaming remains a primary driver. Omdia expects streaming subscriptions to reach $37 billion by 2030, while physical-format sales are projected to grow modestly at an annual rate of approximately 1.9%. Geographically, the market landscape is shifting. China is expected to expand its market share to 8.7% by 2030, overtaking the UK in 2028 and Japan in 2029 to become the second-largest market behind the United States. Additionally, India is predicted to become the third-largest market for music subscribers by 2033.
In the United Kingdom, the British Phonographic Institute reported that recorded-music exports reached £800.3 million in 2025, a 50% increase over 2020 levels. This surge is fueled by a strong pipeline of emerging talent, including Olivia Dean, Lola Young, and Pink Pantheress, who have achieved success in the United States, the largest overseas market. The US accounts for roughly 40% of UK music exports, with UK artists’ share of US streaming continuing to rise.
Entities
Timeline
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16 days ago
[BUSINESS] 2 sourcesGlobal recorded music market projected to reach $121.1 billion by 2033MIDiA Research forecasts the global recorded music market will grow to $121.1 billion by 2033, driven by a diversifying ecosystem and a rising $18.5 billion fan economy.
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about 1 month ago
[BUSINESS] 2 sourcesBritish Recorded Music Exports Reach New £800 million High in 2025UK recorded‑music exports hit £800 million in 2025, up 50 % over five years, driven by artists like Olivia Dean and strong US market demand.
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about 1 month ago
[BUSINESS] 6 sourcesOmdia forecasts global recorded‑music sales to reach $56.8 bn by 2030Omdia predicts global recorded‑music sales will hit $56.8 bn by 2030, driven by streaming, with China becoming the second‑largest market behind the US.
Sources
ampthemag.com · appletvitalia.it · appleworld.today · faq-mac.com · ithome.com · musically.com · rapindustry.com · syracuse.com · wincor-nixdorf.com