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The phrase "are now increasing" is correct and usable in written English.
It can be used to describe a current trend or change that is happening at the present moment, often in relation to numbers, rates, or levels of something.
Example: "The number of participants in the program are now increasing, indicating a growing interest in the initiative."
Alternatives: "are currently rising" or "are on the rise".
Dictionary
are now increasing
adverb
At the present time.
Exact(46)
However, numbers are now increasing.
But, also like households, they are now increasing their debt.
There are now increasing numbers of people trapped in cycles of deprivation.
Calls for an international F.T.T., or financial transactions tax, are now increasing in Europe.
They are still listed as an endangered species, but most populations are now increasing around the globe.
Wages are now increasing faster, in annual terms, than prices for the first time since the financial crisis.
Similar(14)
Toyota is now increasing its pace.
It is now increasing that push.
"But nonsmoking-related lung cancer is now increasing more quickly".
The first is the economic crisis that is now increasing poverty across the continent.
Access is now increasing under pressure from the EU, which Romania hopes to join in January.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com