This is the 10654th most frequent Russian word.
возрастает
"Increases" or "grows."
Here, 'возрастает' is used to signify the increase or growth in interest over time.
Интерес к этому виду искусства возрастает с каждым годом.
Interest in this form of art increases every year.
In this example, 'возрастает' indicates the rise or heightening of the price as a consequence of increased demand.
С увеличением спроса на продукцию, цена возрастает.
With the increase in demand for the product, the price rises.
'Возрастает' is used to denote the growing count or quantity of competition participants.