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IFPI: The global music business is worth more than 30 billion

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by Carlos Passage

Global sales of recorded music grew for the 11th consecutive year in 2025, reaching a record high of $31.7 billion in revenue, according to the IFPI (International Federation of the Phonographic Industry).

The new figures confirm that streaming remains the industry’s main driver, with approximately $22 billion representing 69.6% of all revenue. According to the IFPI, there are 837 million paid streaming users globally, up from 752 million the previous year.

Physical formats (vinyl, CDs, cassettes) made a strong comeback in 2025, growing by 8% after a 3% decline in 2024.

The US market maintained its position as the world leader, growing by 3.3%.

China overtook Germany to become the world’s fourth-largest market in 2025, with strong revenue growth. 20.1%.

Latin America was the fastest-growing region, with an increase of 17.1%.

Top 10

Largest Recorded Music Markets

  1. United States
  2. Japan
  3. United Kingdom
  4. China
  5. Germany
  6. France
  7. South Korea
  8. Brazil
  9. Canada
  10. Mexico

Top 5 Latin American Markets

  1. Brazil
  2. Mexico
  3. Argentina
  4. Chile
  5. Colombia

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