Market Insights Advertising & Media Media

Cinema - Kenya

Kenya

Revenue in the Cinema market is projected to reach US$36.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.38%, resulting in a projected market volume of US$50.26m by 2029.
In the Cinema market, the number of viewers is expected to amount to 1.6m users by 2029.
User penetration will be 2.4% in 2024 and is expected to hit 2.6% by 2029.
The average revenue per viewer is expected to amount to US$27.22.
In global comparison, most revenue will be generated in the United States (US$20,980.00m in 2024).

Key regions: Europe, France, Asia, United Kingdom, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Cinema market in Kenya has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in Kenya are increasingly seeking out unique and immersive cinema experiences. They are looking for more than just a movie screening; they want a complete entertainment package. This has led to the rise of cinemas that offer luxurious seating, state-of-the-art sound systems, and advanced visual technologies. Additionally, there is a growing demand for cinemas that provide a wide range of food and beverage options, including gourmet snacks and craft cocktails. Customers are also showing a preference for cinemas that offer a diverse selection of films, catering to different tastes and interests.

Trends in the market: One of the key trends in the cinema market in Kenya is the growing popularity of local films. Kenyan filmmakers have been producing high-quality movies that resonate with local audiences, and this has led to an increase in the number of Kenyan films being screened in cinemas. This trend is supported by the government's efforts to promote the local film industry through initiatives such as tax incentives and funding opportunities. Another trend is the rise of cinema multiplexes, which offer multiple screens and a variety of film choices under one roof. This allows customers to have a more convenient and diverse cinema experience.

Local special circumstances: Kenya has a young and vibrant population, with a large proportion of the population under the age of 35. This demographic group is a key driver of the cinema market, as they have a strong appetite for entertainment and are willing to spend on experiences. Additionally, the urbanization rate in Kenya is increasing, with more people moving to cities in search of better opportunities. This has led to the development of shopping malls and entertainment complexes, which often include cinemas as an anchor tenant.

Underlying macroeconomic factors: Kenya's economy has been growing steadily in recent years, which has led to an increase in disposable income and consumer spending. This has allowed more people to afford cinema tickets and other entertainment expenses. Additionally, the government has been investing in infrastructure development, including the construction of new cinemas in different parts of the country. This has expanded the reach of the cinema market and made it more accessible to a wider audience.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Cinema market, which comprises revenues from box office, advertsing and concessions. The market includes both consumer and advertising spending. All monetary figures refer to consumer spending on tickets and concessions. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.