Matchmakers are the normal, off-line, private contact professionals that assist singles to search out their soulmates, for a hefty payment. Business sources estimate that there are 2,000+ skilled matchmakers now working in the US, and Marketdata’s analysis finds that there are 1000’s extra working in China, Japan, South Korea, India, and Europe.
Matchmaking continues to be primarily a mother & pop enterprise, with numerous 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 Business
- How a lot the matchmaking business is value: This occupation is estimated to be value $1.2 to $1.5 billion globally, with almost 40% of the market positioned in the US. Revenues in all probability slid at the very least 25%, perhaps extra, in 2020, however have rebounded since then. Business trackers say that 73% of matchmakers have been assembly shoppers just about throughout the pandemic.
- Matchmaking market outlook: Marketdata forecasts 3.8% common annual progress 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 occupation recently, seeing the potential advantages of being their very own boss and dealing from residence. 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 relations who work informally.
- Nation potentials: The US market represents the most important share of the worldwide market and it’s mature. Reasonable annual income progress of 5.5% is forecast right here. The strongest progress 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 concerning the matchmaking business, make sure you learn the newly revealed report The Worldwide Matchmaking Market: Discovering Love, for a Worth 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 Creator: John LaRosa is the President of Marketdata LLC and is the writer of 100+ business and market research. His analysis seems in high media shops together with ABC, CNN, Fox, Forbes, USA As we speak, The Wall Road Journal, The New York Occasions, and quite a lot of commerce journals.
