Matchmaking - Western Africa

  • Western Africa
  • Revenue in the Matchmaking market is projected to reach US$26.79m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.72%, resulting in a projected market volume of US$48.74m by 2029.
  • In the Matchmaking market, the number of users is expected to amount to 2.2m users by 2029.
  • User penetration will be 0.4% in 2024 and is expected to hit 0.5% by 2029.
  • The average revenue per user (ARPU) is expected to amount to US$16.73.
  • In global comparison, most revenue will be generated in China (US$1,211.00m in 2024).
  • With a projected rate of 3.8%, the user penetration in the Matchmaking market is highest in South Korea.
 
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Analyst Opinion

Casual dating has become increasingly popular in Western Africa, with a growing number of people seeking casual relationships and connections. This trend can be attributed to several factors, including changing social norms, increased internet and smartphone penetration, and a desire for personal freedom and exploration.

Customer preferences:
In Western Africa, customer preferences for casual dating have shifted in recent years. Traditional views on relationships and marriage are evolving, with more people seeking non-committal connections and the freedom to explore different romantic options. This shift is particularly prevalent among the younger generation, who are more open-minded and willing to embrace casual dating as a way to meet new people and experience different types of relationships.

Trends in the market:
One of the key trends in the casual dating market in Western Africa is the rise of online dating platforms and mobile dating apps. These platforms provide a convenient and accessible way for people to connect with potential partners, offering a wide range of options and allowing individuals to be more selective in their choices. This trend has been further accelerated by the increasing internet and smartphone penetration in the region, making it easier for people to access these platforms and connect with others. Another trend in the market is the growing acceptance and normalization of casual dating. As societal norms continue to evolve, there is less stigma attached to casual relationships, allowing individuals to explore their desires and preferences without judgment. This cultural shift has contributed to the increasing popularity of casual dating in Western Africa.

Local special circumstances:
Western Africa is a culturally diverse region with a rich history and varied traditions. While casual dating is becoming more accepted, there are still certain cultural and religious beliefs that may influence people's attitudes towards relationships. These factors can vary from country to country and even within different communities, leading to variations in the acceptance and practice of casual dating.

Underlying macroeconomic factors:
The development of the casual dating market in Western Africa is also influenced by macroeconomic factors such as economic growth and urbanization. As economies in the region continue to grow, more people are moving to cities and experiencing a shift in lifestyle. This urbanization process often leads to changes in social dynamics and relationships, with individuals seeking new ways to connect and meet potential partners. In conclusion, the casual dating market in Western Africa is experiencing significant growth and development. This can be attributed to changing customer preferences, including a desire for personal freedom and exploration, as well as the rise of online dating platforms and increased internet and smartphone penetration. While there are still cultural and religious factors that may influence attitudes towards relationships, the overall trend towards casual dating is expected to continue as societal norms evolve and the region continues to urbanize.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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