Market Research Future (MRFR) has published on the “Global Astrology Market”.
The Astrology market is estimated to register a CAGR of 6.00% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Astrology market— Truthstar Future Vision Pvt Ltd., Sanctuary Ventures Inc., Susan Miller Omni Media Inc., Horoscope.com, Inc., AstroGraph Software, Indianet Consultants, CodeYeti Software Solutions Pvt. Ltd., Liquid Software Mobile, CoStar Astrology Society, Seattle Astrology, The Mountain Astrologer, Astro-Vision Futuretech Pvt. Ltd.
Astrology Market Highlights
The global Astrology market is accounted to register a CAGR of 6.00% during the forecast period and is estimated to reach USD 21.52 billion by 2032.
With the rise of the internet, the younger generation's propensity to look outside of themselves for advice, and growing consumer interest in astrology, the astrology sector is expanding rapidly around the globe. The industry has also grown as a result of the younger generation's propensity to turn to outside help and the growing attention that astrology is receiving from consumers. All the same, there are obstacles, including a shortage of qualified staff, low-quality services because of financial limits, and a rise in fraud instances.
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Segment Analysis
The global Astrology market has been segmented based on Type, Mode, and End User.
On the basis of Type, the market is segmented into Natal Astrology, Medical Astrology, Horary Astrology, Electional Astrology, Uranian Astrology, Vedic Astrology, and Love Astrology. The love astrology segment was attributed to holding the largest market share in 2023. This is due to couples considering correspondence, so they like to look at their treasure soothsaying more.
Based on Mode, the global Astrology market has been segmented into Online and Offline. The online segment was expected to hold the largest market share in 2023. This is because there are applications for everything, including step-by-step horoscopes.
Based on End User, the global Astrology market has been segmented into Millennials, Gen X, and Boomers. The millennial segment was expected to hold the largest market share in 2023. This is because Millennials are far as likely as Gen Z to post zodiac-related memes" and are "caught up on social media patterns.
Regional Analysis
The global Astrology market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Astrology market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Astrology market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The rest of the world's astronomy market comprises the Middle East, Africa, and Latin America.
The largest market share for Astrology was maintained by the North American regional sector. This increase is attributed to expanding research, and there's a developing intrigue in the most profound sense of being and elective hones in North America. Astrology requires people to look for meaning, direction, and self-discovery past conventional devout systems. Astrology has gotten to be more standard and open through social media, celebrity support, and pop culture references. Stages like TikTok and Instagram have popularized astrology substance, coming to a more extensive audience.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for astronomy is driven by fast urbanization and changing ways of life in Europe, which have contributed to a move in states of mind towards the most profound sense of being and alternative conviction frameworks. Numerous urban tenants are looking for meaning and reason past fabric interests, driving intrigued in astrology.
Additionally, the Asia-Pacific region accounted for the fastest-growing global market. There’s a developing interest in individual development, self-discovery, and all-encompassing wellness in Asia Pacific. Soothsaying offers a system for people to investigate their identities, connections, and lifeways. Similar to other locales, the ubiquity of astrology in the Asia Pacific has been boosted by advanced media and innovation. Social media stages, astrology apps, and online horoscope administrations have made astrology more available and engaging to a more extensive group of onlookers.
Furthermore, the rest of the world's Astrology market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the rising clients who can get individualized direction based on their circumstances amid on-demand sessions. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Astrology market is expected to reach USD 21.52 billion by 2032, at a CAGR of 6.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the astrology apps and online horoscope administrations that have made astrology more available and engaging to a more extensive group of onlookers.
- Based on End User, the Millennials segment was expected to hold the largest market share in 2023.
- Truthstar Future Vision Pvt Ltd., Sanctuary Ventures Inc., Susan Miller Omni Media Inc., Horoscope.com, Inc., AstroGraph Software, Indianet Consultants, CodeYeti Software Solutions Pvt. Ltd., Liquid Software Mobile, CoStar Astrology Society, Seattle Astrology, The Mountain Astrologer, and Astro-Vision Futuretech Pvt. Ltd. are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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