The global destination wedding market was expected to roughly quadruple from 2022 to 2023. While the market size amounted to roughly **** billion U.S. dollars in 2022, this figure was expected to surpass ** billion U.S. dollars in 2023 and then reach nearly ***** billion U.S. dollars in 2033.
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Wedding Industry Statistics: ​The wedding industry in the United States plays a significant role in the economy, with approximately 2.06 million marriages recorded in 2022.
In 2023, the average cost of a wedding was USD 35,000, marking a 15% increase from the previous year's average of USD 30,000. Regional variations are notable; for instance, weddings in New York City average USD 63,000, while those in Orlando-Daytona Beach average USD 28,000. Guest count significantly impacts expenses, with the average cost per guest at USD 284.
Major expenditures include the reception venue and catering, which together account for over 40% of the total budget. These figures underscore the substantial financial commitment associated with weddings in the United States.
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Employment statistics on the Wedding Services industry in the US
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The destination wedding market in Thailand is forecasted to approach USD 11.8 Billion by the year 2025, with a CAGR of 8.7%, to surpass USD 27.3 billion by 2035. The growth is driven by couples swapping formal banquet venues for culturally rich ceremonies staged along tranquil beaches, verdant mountain scapes and centuries-old temples.
Attribute | Value |
---|---|
Estimated Thailand Market Size (2025E) | USD 11.8 billion |
Projected Thailand Value (2035F) | USD 27.3 billion |
Value-based CAGR (2025 to 2035) | 8.7% |
Footprint of the Thailand Destination Wedding Industry (2024)
Category | Details |
---|---|
Market Value | USD 10.9 billion |
Domestic Market Share | 35%; boosted by Bangkok and Chiang Mai-based couples |
International Market Share | 65%; led by couples from India, China, Australia, and the UK |
Key Destinations | Phuket, Chiang Mai, Bangkok, Krabi , Koh Samui , Ayutthaya |
Economic Impact | Supports over 1.4 million jobs across event planning, wellness, hospitality |
Key Trends | Buddhist rituals, jungle elopements, zero-waste weddings |
Top Wedding Seasons | November-February (cool dry season); surges during Songkran and Loy Krathong |
Domestic vs International Destination Wedding Ratios in Top Thai Provinces
Province | Domestic : International Ratio |
---|---|
Phuket | 20 : 80 |
Chiang Mai | 40 : 60 |
Bangkok | 35 : 65 |
Krabi | 25 : 75 |
Koh Samui | 15 : 85 |
Ayutthaya | 45 : 55 |
The wedding and bridal market in Japan was forecast to exceed ************ Japanese yen in 2024, up from around ************* yen in 2023. The severe decrease in 2020 was mostly due to restrictions implemented to curb the spread of the COVID-19 pandemic. Reasons behind a declining wedding market The Japanese marriage market has suffered substantial losses over the past decades, mainly due to a change in demographics. Declining marriage and birth rates, long life expectancies, and therefore, an aging population spawned the rise of a solo society. Another commonly cited reason is a hesitance to get romantically involved, resulting in lower chances to find the right partner to marry. Economic factors also play into the equation. With more women wanting to live independent lives, the need for financial support through a husband becomes obsolete. If couples decide to get married after all, they lean towards smaller parties, indicating a change in values away from big, lavish events to more intimate, bespoke ceremonies. Growth opportunities: online matchmaking services While the actual wedding market, including venues, apparel, gifts, and honeymoon trips, among others, has shown a downwards trend recently, matchmaking services are enjoying a growing popularity in Japan. Particularly, online dating services are expected to continue their growth spurt in upcoming years. As the Japanese wedding and matchmaking market was like many other event-focused industries heavily hit by the COVID-19 pandemic, people increasingly turned to digital alternatives to fight solitude. Amid the pandemic, traditional matchmaking agencies started to move their offline portfolio online, providing paying customers with a platform to search, meet, and (video) date potential partners in an entirely virtual environment.
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The destination wedding industry in Hawaii reached a valuation of US$ 2,245.7 million in 2023. Demand for destination wedding services in Hawaii recorded a y-o-y growth of 11.8% in 2023.
Attribute | Key Insights |
---|---|
Base Value (2023) | US$ 2,245.7 million |
Estimated Hawaii Destination Wedding Industry Size (2024) | US$ 2,501.8 million |
Projected Hawaii Destination Wedding Revenue (2034) | US$ 7,497.6 million |
Value-based CAGR (2024 to 2034) | 11.6% |
Category-wise Insights
Target Segment | Luxurious Weddings |
---|---|
CAGR | 9.7% |
Service Type | Wedding Planning |
---|---|
CAGR | 12.8% |
Guest Capacity | Below 100 |
---|---|
CAGR | 5.3% |
Scope of the Report
Attribute | Details |
---|---|
Estimated Value (2024) | US$ 2,501.8 million |
Projected Value (2034) | US$ 7,497.6 million |
Anticipated Growth Rate (2024 to 2034) | 11.6% CAGR |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Industry Analysis | US$ million for Value |
Key Countries Covered | Hawaii |
Key Segments Covered |
|
Key Companies Profiled |
|
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Global Wedding Service market size is expected to reach $361.59 billion by 2029 at 10.8%, the projected surge in marriages fueling growth in the wedding services market
Wedding Services Market Size 2024-2028
The wedding services market size is forecast to increase by USD 125 billion at a CAGR of 5.44% between 2023 and 2028.
The market is experiencing significant growth, driven primarily by the increasing spending on weddings. The global wedding expenditures are projected to reach new heights, reflecting the importance and significance placed on this life event. Another key trend influencing the market is the rise of smartphone usage. With more couples planning their weddings digitally, event industry , wedding service providers must adapt to this shift by offering mobile applications and websites to cater to the growing demand for convenience and accessibility. However, the market also faces challenges, most notably the emergence of open-source event wedding management software. These free platforms pose a threat to traditional wedding service providers by offering DIY solutions for couples planning their weddings.
To remain competitive, companies must differentiate themselves through exceptional customer service, unique offerings, and personalized experiences. Adapting to these trends and addressing the challenges posed by open-source software will be crucial for market success. Companies that can effectively navigate these dynamics and provide value-added services will be well-positioned to capitalize on the growing demand for wedding services.
What will be the Size of the Wedding Services Market during the forecast period?
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The market continues to evolve, reflecting cultural shifts and social media's increasing influence on modern celebrations. Millennial couples increasingly seek personalized experiences, with custom menus, unique venues, and Instagram-worthy decor becoming essential elements. Second marriages and same-sex unions expand the market's scope, requiring specialized services and catering options. Catering services offer sustainable options, responding to growing concerns for the environment. High-end venues prioritize economic stability, providing quality control and company management solutions. Wedding planning tools enable customization, from digital platforms to day-of coordination, streamlining the planning process. Staffing challenges persist, with the need for skilled professionals to deliver exceptional culinary experiences, curated entertainment, and photography services.
Brand differentiation through unique experiences and event decoration remains crucial for wedding planners seeking to stand out in a competitive landscape. Budget tracking and online booking platforms cater to millennials' preference for convenience and affordability. Offline bookings and transportation services ensure seamless logistics for destination weddings. Amidst these developments, the average wedding cost continues to rise, fueling investment opportunities in the industry. The wedding ambassador role emerges, offering expert advice and guidance to couples navigating the complexities of planning their special day. As trends evolve, from partial planning services to virtual weddings, the market's dynamism ensures a continuous unfolding of market activities and evolving patterns.
How is this Wedding Services Industry segmented?
The wedding services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Service
Catering service
Gift service
Decoration
Event planning
Others
Type
Local wedding
Destination wedding
Booking Type
Online
Offline
Event Type
Traditional Weddings
Destination Weddings
Micro Weddings
Distribution Channel
Online Platforms
Direct Bookings
Agencies
Geography
North America
US
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Middle East and Africa
UAE
APAC
China
India
Japan
South Korea
South America
Brazil
Rest of World (ROW)
By Service Insights
The catering service segment is estimated to witness significant growth during the forecast period.
Wedding planning encompasses various aspects, including event planning, catering, and company management. The demand for personalized experiences is driving innovation in the market, with millennial couples favoring Instagram-worthy weddings and sustainable options. Virtual weddings have emerged as a solution for second marriages and those affected by economic instability or cultural shifts. Local wedding services offer unique experiences, from custom menus to curated entertainment, while developmental strategies and investment opportunities attract businesses. Catering services extend beyond meal preparation, encompassing decoration, ambiance, and food presentation. Dietary restric
The Indian wedding season between November 12 and December 16 2024, was expected to generate * trillion Indian rupees in business. This was a marked increase from over * trillion in 2023.
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The Global Wedding Services Market Size Was Worth USD 179.23 Billion in 2023 and Is Expected To Reach USD 647.39 Billion by 2032, CAGR of 15.34%.
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The Wedding Services industry provides a wide variety of wedding day services, apparel retailers and venues. Evolving social norms and medical advancements, which enable women to safely give birth later in life, have caused the marriage rate to decline in recent decades. Extended periods of cohabitation before marriage and family planning have increasingly become normal among young couples. As a result, the industry has contended with declining revenue over the past five years. Despite fewer couples getting married, increasing per capita disposable income has enabled those seeking to spend more on their big day, limiting revenue declines. Nonetheless, as couples postponed or downsized their weddings during the COVID-19 pandemic, industry revenue dropped significantly in 2020 alone. Consequently, industry revenue fell at a CAGR of 4.1% to $70.3 billion over the past five years, including a decrease of 0.6% in 2023 alone.Despite rising wedding budgets, which translated to higher revenue, heightened competition has hindered revenue per operator. Over the past five years, the barriers to entry for operators in this industry have decreased as more couples can find vendors through the internet. Online marketing and social media have increased visibility for wedding services and lowered marketing budgets, making it easier for new companies to enter the industry. But, coronavirus-related pressures forced many of these new entrants out of the industry. Also, limited demand because of the declining marriage rate has led to lower revenue per operator somewhat deterring new entrants.Moving forward, industry demand will continue to be pressured by the marriage rate, which will further decline over the next five years. Even so, continued pent-up demand from previously postponed weddings will support industry revenue. During the outlook period, rising consumer confidence indicates that individuals will be more willing to take on nonessential expenditures and incur high wedding costs. Also, the increasing average age of marriage and the length of engagements will give couples more time to plan and save money for their ceremonies. Overall, industry revenue will rise at a CAGR of 0.2% to $71.1 billion over the next five years.
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Global Destination Wedding market size is expected to reach $135.81 billion by 2029 at 30.0%, segmented as by function, pre-wedding ceremonies, wedding ceremonies, reception, other functions
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Explore the statistics for Wedding eCommerce in 2025, including store count by region and platform, estimated sales amount by platform and region, products sold by platform and region, and total app spend by platform and region. Gain insights into regional preferences, market penetration, consumer trends, and technological investments within the Wedding sector. Discover the leading regions and platforms, as well as the dynamics of sales and product volumes. Stay informed about the evolving landscape of Wedding online stores for a comprehensive understanding of the market.
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The chart provides an insightful analysis of the estimated sales amounts for Wedding stores across various platforms. Shopify stands out, generating a significant portion of sales with an estimated amount of $286.51M, which is 44.91% of the total sales in this category. Following closely, WooCommerce accounts for $206.99M in sales, making up 32.45% of the total. Odoo also shows notable performance, contributing $50.26M to the total sales, representing 7.88%. This data highlights the sales dynamics and the varying impact of each platform on the Wedding market.
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The global internet wedding market is projected to grow from USD million in 2023 to USD million by 2033, exhibiting a CAGR of XX% during the forecast period. The growing popularity of online weddings, driven by factors such as convenience, cost-effectiveness, and technological advancements, is a key driver of market growth. Additionally, the increasing adoption of mobile and social media platforms for wedding planning and communication is contributing to the market expansion. The Asia Pacific region is expected to hold a significant market share due to the presence of large populations and a growing middle class with disposable incomes. The North American and European regions are also expected to witness substantial growth due to the high adoption of internet technology and well-established wedding industries. Key market players are focusing on offering a wide range of services, including wedding planning, venue booking, vendor management, and online guest management. Emerging trends include the use of virtual reality and augmented reality technologies to enhance the wedding planning experience.
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According to Cognitive Market Research, the global Wedding Planning Market size is USD 295815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 15.60% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 118326.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 88744.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 68037.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 14790.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5916.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2024 to 2031.
The full planning services held the highest wedding planning Market revenue share in 2024.
Market Dynamics of Wedding Planning Market
Key Drivers for Wedding Planning Market
Growing Popularity of Destination Weddings
As more and more couples search for distinctive and unforgettable ways to commemorate their marriage, destination weddings are becoming more and more popular. Anywhere in the world may host a destination wedding, from vineyards and castles to beaches and mountains. Destination weddings are becoming more and more common for a variety of reasons, one of which is that they usually have fewer guests than traditional weddings, which can make the event more intimate and personal for the couple as well as their close friends and family. Couples who want to combine their wedding with a honeymoon or holiday can make wonderful combinations with destination weddings. A destination wedding can be a wonderful opportunity for a couple to meet new people and make lifelong memories. Wedding planners are finding new opportunities as destination weddings gain popularity. Couples seeking assistance with every facet of their destination wedding, including venue selection, vendor sourcing, and logistical planning, can turn to wedding planners. Additionally, the number of travel agencies that focus on destination weddings is on the rise.
Growing Social Media influence significantly boosts the wedding planning market
Social media significantly influences weddings by providing couples with inspiration, vendor discovery, and a sense of community, however, it also potentially leads to unrealistic expectations and privacy concerns. It affects everything from wedding planning to vendor choices and even the trends seen in global weddings. Thus, Social media is a vast database of wedding inspiration, offering ideas on decorations, attire, and overall aesthetics. By reading online reviews and viewing portfolios on platforms like Instagram and Pinterest, wherein couples can discover what themes they are looking for and the styles of their wedding. Moreover, Social media facilitates word-of-mouth referrals, helping couples connect with friends, family, and online communities for suggestions. Celebrity weddings and social media trends also strongly influence couples' decisions about venues, attire, and photography styles. For instance, in India, films and celebrity weddings play an essential role in shaping wedding trends through their innovative styles and products. In addition, the rise of "Instagrammable" weddings emphasizes the focus on visual appeal and social media shareability. Therefore, the growing Social Media influence significantly boosts the wedding planning market.
Restraint Factor for the Wedding Planning Market
High Initial Investment Cost to Limit the Sales
A major impediment to the wedding planning market is the rising cost of wedding supplies and decorations. There are a number of reasons for this, such as higher venue rental fees, higher catering fees, rising costs for flowers and other wedding supplies, and higher labor costs for wedding planners and vendors. Because of these rising costs, potential clients—especially those on a tight budget—may choose to forgo wedding planning entirely or opt for simpler...
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The destination wedding market is projected to reach approximately USD 36.8 billion by 2025 and is expected to grow to around USD 68.2 billion by 2035, registering a CAGR of 6.4% from 2025 to 2035.
Attribute | Details |
---|---|
Current Industry Size (2024A) | USD 34.2 Billion |
Estimated Industry Size (2025E) | USD 36.8 Billion |
Projected Industry Size (2035F) | USD 68.2 Billion |
Value CAGR (2025 to 2035) | ~6.4% |
Destination Wedding Market Analysis of Top Players Share in 2024 | ~30%-35% |
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This chart offers a detailed view of the estimated sales amounts for Wedding stores across different regions. In United States, the sales figures are particularly impressive, with the region generating $302.12M, which accounts for 47.36% of the total sales in this category. United Kingdom follows with robust sales, totaling $124.83M and representing 19.57% of the overall sales. Vietnam also contributes significantly to the market with sales amounting to $46.36M, making up 7.27% of the total. These numbers not only illustrate the economic vitality of each region in the Wedding market but also highlight regional consumer preferences and spending power.
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The US destination wedding market is expected to grow from an estimated USD 4.3 billion in 2025 to USD 6.8 billion by 2035, with a CAGR of 4.7% during the forecast period from 2025 to 2035.
Attributes | Value |
---|---|
Estimated Industry Size (2025E) | USD 4.3 billion |
Projected Value (2035F) | USD 6.8 billion |
Value-based CAGR (2025 to 2035) | 4.7% |
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Wedding is a wonder moreover the Caribbean destination wedding industry is rising to be a huge affair The Caribbean destination wedding market is believed to be prosper from 2025 to 2035.
Metric | Value |
---|---|
Market Size in 2025 | USD 5.6 Billion |
Projected Market Size in 2035 | USD 18.8 Billion |
CAGR (2025 to 2035) | 12.8% |
Region | CAGR (2025 to 2035) |
---|---|
Western Europe | 13.6% |
Region | CAGR (2025 to 2035) |
---|---|
Northern Europe | 13.2% |
Region | CAGR (2025 to 2035) |
---|---|
Southern Europe | 12.9% |
Region | CAGR (2025 to 2035) |
---|---|
Eastern Europe | 12.6% |
Region | CAGR (2025 to 2035) |
---|---|
Central Europe | 13.1% |
Region | CAGR (2025 to 2035) |
---|---|
Baltic Region | 12.3% |
Company/Organization Name | Estimated Market Share (%) |
---|---|
Sandals Resorts | 20-25% |
Palace Resorts | 15-20% |
DestinationWeddings.com | 10-15% |
Hard Rock Hotels | 8-12% |
AMResorts | 5-10% |
Other Operators & Planners | 30-40% |
The global destination wedding market was expected to roughly quadruple from 2022 to 2023. While the market size amounted to roughly **** billion U.S. dollars in 2022, this figure was expected to surpass ** billion U.S. dollars in 2023 and then reach nearly ***** billion U.S. dollars in 2033.