dating app market statistics global

Dating App Market Statistics – 2021

Key dating app market statistics for 2021

  • The global online dating market has witnessed continuous growth in the past few years and is expected to augment even further during the forecast period (2020-2024) (source).
  • Revenue in the Online Dating segment is projected to reach US$3,241m in 2021(source).
  • In global comparison, most revenue will be generated in the United States (US$674m in 2021) (source). 
  • The major players dominating the online dating market are Match Group, Inc., Spark Networks SE, ProSiebenSat.1 Group (eHarmony) and Bumble (source).

Online dating app usage statistics

global dating app users

Year Users
2015 185 million
2016 200 million
2017 220 million
2018 235 million
2019 250 million
2020 270 million

In 2020, there has been an increase in the usage of newer applications like Tinder, Bumble, and Hinge, growing the size of the dating app market. These are mobile-based online dating apps that are tailored for casual dating experiences.

Looking at the past few years, Bumble and Hinge have distinguished themselves from Tinder by marketing their product as more for relationships than a casual hook-up (as Tinder is so well-known for).

In Asia, a few online dating apps have recorded double-digit monthly active users. For example, Tantan, operated by Chinese social search provider Mono, is popular in Asia with an estimated 20 million monthly active users.

Global Dating Apps Market Share

global dating app market share 2020

App Market Share
Badoo $60 million
Tinder $55 million
Tantan $30 million
Bumble $20 million
Grindr $10 million
Happn $6.5 million
Hinge $6 million
Plenty of Fish $3.5 million
  • Badoo and Tinder are the two biggest platforms in the world
  • As Tinder continues to grow, Badoo has lost active users in the past 5 years
  • Bumble is the challenger to Tinder in the North American and European market

User interest is changing in favor of more long-term relationships over casual hookups. Match.com and Plenty of FIsh offer these services while apps like Hinge and Bumble have attempted to adjust their offering to service both markets.

US Dating App Market Share

US dating app market share 2020

App Market Share
Tinder $7.8 million
Bumble $5 million
Plenty of Fish $4.2 million
Match.com $1.9 million
Ok Cupid $1.7 million
Grindr $1.6 million
Hinge $1.2 million

Compared to the global statistics, Badoo is not popular in the US market.

The larger market share of Tinder and Bumble in comparison to sites like Match.com and Plenty of Fish shows that online dating is shifting towards a more casual, mobile experience.

Global Dating App Valuations

global dating app valuations

App Valuation
Tinder $10 billion
Bumble $4 billion
Tantan $3 billion
Badoo $3 billion
Hinge $2 billion
Grindr $.6 billion

Tinder is valued higher than Badoo as it is the most popular app in the highest revenue-per-user region of North America.

Both apps have similar active user numbers. Badoo’s key audience is in Europe and South America. These markets tend to spend less money on dating apps.

Hinge’s high market valuation is from demographics. These are made up of North American college students.

Global Dating App Revenue

global dating app revenue

Year Revenue
2015 $1.69 billion
2016 $1.88 billion
2017 $2.06 billion
2018 $2.23 billion
2019 $2.52 billion
2020 $3.08 billion

Revenue in the dating app market has increased over the past few years. The market leaders being Tinder and Bumble.

Both of these dating apps have been most profitable in North America. These popular apps use a freemium model that removes any limitations.

Global dating app projected revenue

global dating app projected revenue

Year Revenue
2020 $3.08 billion
2021 $3.33 billion
2022 $3.72 billion
2023 $4.36 billion
2024 $5.05 billion
2025 $5.71 billion

The dating app sector is forecasted to grow gradually as more users in North America, South America, and Europe activate accounts.

It is also unlikely that any new competition will emerge in the North American market as the major players cover both casual and more serious type audiences.

China has become a key market for online dating, however cultural barriers hold people back from casual dating over finding a partner. For this reason, it is expected for this market to stay smaller than Europe and North America.

Interested in finding more dating statistics?

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts