Matchmakers are the normal, off-line, private contact professionals that assist singles to seek out their soulmates, for a hefty payment. Trade sources estimate that there are 2,000+ skilled matchmakers now working in the US, and Marketdata’s analysis finds that there are hundreds extra working in China, Japan, South Korea, India, and Europe.
Matchmaking continues to be primarily a mother & pop enterprise, with a number of unbiased feminine operators, each within the U.S. and overseas. The market is straightforward to enter, requiring minimal funding and no licenses or certifications, as most matchmakers depend on instinct based mostly on their private expertise in making matches.
High Issues to Know In regards to the Matchmaking Trade
- How a lot the matchmaking trade is price: This career is estimated to be price $1.2 to $1.5 billion globally, with almost 40% of the market positioned in the US. Revenues in all probability slid not less than 25%, perhaps extra, in 2020, however have rebounded since then. Trade trackers say that 73% of matchmakers have been assembly shoppers just about through the pandemic.
- Matchmaking market outlook: Marketdata forecasts 3.8% common annual development within the worldwide matchmaking market’s revenues, from a spread of $1.28-$1.57 billion in 2023 to a spread of $1.48-$1.83 billion by 2027.
- Very aggressive market: Extra matchmakers have entered the career recently, seeing the potential advantages of being their very own boss and dealing from dwelling. The brand new, youthful matchmakers are providing providers at decrease costs than the long-established, nationally recognized ones.
- Variety of matchmakers: Marketdata estimates that there are 12,000+ matchmakers worldwide, though many in Asia are part-time members of the family who work informally.
- Nation potentials: The US market represents the biggest share of the worldwide market and it’s mature. Average annual income development of 5.5% is forecast right here. The strongest development markets embody China, the UK, Canada, and South Korea. Clearly, China has one of many fastest-growing economies, and a big inhabitants, which is turning into extra prosperous.
The place to Be taught Extra
To search out out extra in regards to the matchmaking trade, you should definitely learn the newly revealed report The Worldwide Matchmaking Market: Discovering Love, for a Value by Marketdata, which discusses the U.S. vs. world markets, matchmaking market statistics, how matchmakers function their companies, and profiles of many high U.S. unbiased matchmakers.
In regards to the Writer: John LaRosa is the President of Marketdata LLC and is the creator of 100+ trade and market research. His analysis seems in high media retailers together with ABC, CNN, Fox, Forbes, USA At this time, The Wall Road Journal, The New York Instances, and a wide range of commerce journals.
