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podcast, Motley Fool analysts Dylan Lewis and Sarah Priestley give listeners a broad-stroke picture of just how huge the online dating market is, who the average user is, and how much the industry is expected to grow in the coming years. Dylan Lewis: So we're talking about the online dating market today. Some interesting stats, just to set us off, set some background here: Use of online dating sites or apps by 18- to 24-year-olds has tripled since 2013.
Apparently, 15% of American adults have used online dating sites and apps, according to Pew Research.
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So before we dive into one of the big companies involved in the space, do you want to paint a picture in terms of some industry numbers for the average users, and the size of this market? It's actually valued at about .2 billion in revenue per year.Register today and post your most recent pictures starting what your expectations are and what allowance you desire and then browse through the available Sugar Momma profiles until you find your perfect match.Totally Free To Place Profile and connect with hundreds of thousands of singles like you now!The fact that there's actually a market for married people in online dating baffles us a little.Why even get married if you're just going to be cruising around the dark online world of married dating sites?
The growth for the past five years has been 5% compound annual growth rate, and despite the fact that some people are saying the industry is growing down, it's actually expected to grow by $100 million per year for the next five years. Also, China is estimated to be worth $1.6 billion by the end of this year.