Julia Stoll
Research expert covering TV and video media
Audio consumption in Brazil - statistics & facts
The importance of Brazil in the global audio content market is on the rise. Latin America reported the second highest growth in revenue in the recorded music industry worldwide in 2023. While the U.S. and Europe are already developed music markets, Latin America is among those regions that still has growth potential. Within the region, Brazil and Mexico are the two nations that propel the music industry forward. Throughout 2023 the revenue of Brazil's music segment increased by about 13 percent while the global growth figure stood at 19 percent at that time. The continued double-digit increase in revenue shows the potential of Brazil and Latin America on the music market worldwide.
