Dating Services - Bulgaria

Bulgaria

Highlights

Revenue in the Dating Services market is projected to reach US$2.77m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.93%, resulting in a projected market volume of US$2.88m by 2028.
The Matchmaking market has a projected market volume of US$1.65m in 2024.
In global comparison, most revenue will be generated United States (US$2.55bn in 2024).
The average revenue per user (ARPU) in the Dating Services market is projected to amount to US$10.81 in 2024.
In the Dating Services market, the number of users is expected to amount to 259.5k users by 2028.
User penetration in the Dating Services market will be at 3.8% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dating Services market in Bulgaria is experiencing steady growth and development, driven by changing customer preferences and the increasing popularity of online dating platforms.

Customer preferences: Bulgarian consumers are increasingly turning to online dating services as a convenient and efficient way to meet potential partners. This trend is driven by several factors, including the busy lifestyles of modern individuals, the desire for a wider pool of potential partners, and the growing acceptance and normalization of online dating in society. Additionally, the younger generation in Bulgaria, who are more tech-savvy and open-minded, are particularly inclined towards using online dating platforms.

Trends in the market: One of the key trends in the Dating Services market in Bulgaria is the rise of niche dating platforms catering to specific interests or demographics. These niche platforms provide a more tailored and targeted dating experience, allowing individuals to connect with like-minded individuals who share similar hobbies, interests, or cultural backgrounds. This trend reflects the growing demand for more personalized and specialized dating services in Bulgaria. Another trend in the market is the increasing adoption of mobile dating apps. As smartphone penetration continues to rise in Bulgaria, more people have access to mobile dating apps, enabling them to connect with potential partners anytime and anywhere. The convenience and accessibility offered by mobile dating apps have made them a popular choice among Bulgarian consumers, especially the younger generation.

Local special circumstances: Bulgaria's traditional dating culture, which places importance on family values and long-term commitment, continues to influence the dating services market. While online dating platforms have gained popularity, many Bulgarian individuals still prefer to meet potential partners through traditional methods, such as introductions from family and friends or attending social events. This unique blend of traditional and modern dating preferences creates a diverse market landscape in Bulgaria.

Underlying macroeconomic factors: The economic stability and increasing disposable income in Bulgaria have also contributed to the growth of the Dating Services market. As individuals have more financial resources, they are more willing to invest in dating services to enhance their chances of finding a compatible partner. Additionally, the growing urbanization and globalization in Bulgaria have led to changes in lifestyle and social dynamics, creating a need for alternative ways to meet potential partners beyond traditional social circles. In conclusion, the Dating Services market in Bulgaria is evolving to meet the changing preferences and needs of consumers. Online dating platforms and mobile apps are gaining popularity, offering convenience and a wider pool of potential partners. However, traditional dating methods and cultural values still play a significant role in the market. The combination of these factors, along with the economic stability and urbanization in Bulgaria, creates a dynamic and diverse dating services market.

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.