Casual Dating - Uruguay

Uruguay

Highlights

Revenue in the Casual Dating market is projected to reach US$215.10k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -21.38%, resulting in a projected market volume of US$82.18k by 2028.
In the Casual Dating market, the number of users is expected to amount to 64.8k users by 2028.
User penetration will be 1.7% in 2024 and is expected to hit 1.8% by 2028.
The average revenue per user (ARPU) is expected to amount to US$3.64.
In global comparison, most revenue will be generated United States (US$293.80m in 2024).
With a projected rate of 4.5%, the user penetration in the Casual Dating market is highest United States.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Casual dating in Uruguay has seen significant growth in recent years, driven by changing customer preferences and the rise of online dating platforms.

Customer preferences: Uruguayans, like many people worldwide, are increasingly embracing casual dating as a way to meet new people and explore romantic connections without the commitment of a traditional relationship. The convenience and anonymity offered by online dating platforms have made it easier for individuals to connect with others who share their interests and desires. This shift in customer preferences has led to a surge in the popularity of casual dating in Uruguay.

Trends in the market: One of the key trends in the casual dating market in Uruguay is the growing popularity of mobile dating apps. These apps provide a convenient and accessible platform for users to browse profiles, chat with potential matches, and arrange casual dates. The ease of use and wide range of features offered by these apps have made them a preferred method of meeting new people for casual dating purposes. Another trend in the market is the increasing acceptance of casual dating among older age groups. While casual dating was traditionally associated with younger generations, there has been a shift in recent years, with older individuals also embracing the concept. This trend can be attributed to changing societal norms and a greater emphasis on personal fulfillment and happiness.

Local special circumstances: Uruguay is known for its progressive attitudes towards relationships and sexuality. The country has a relatively liberal culture, which has contributed to the acceptance and popularity of casual dating. Additionally, Uruguay has a high rate of internet penetration, with a large portion of the population having access to the internet. This widespread internet access has facilitated the growth of online dating platforms and the casual dating market as a whole.

Underlying macroeconomic factors: The growing casual dating market in Uruguay can also be attributed to underlying macroeconomic factors. As the country's economy has improved in recent years, individuals have more disposable income to spend on leisure activities, including casual dating. This increase in disposable income has allowed more people to participate in the casual dating market, contributing to its growth. In conclusion, the casual dating market in Uruguay is experiencing significant growth due to changing customer preferences, the rise of online dating platforms, societal acceptance, and underlying macroeconomic factors. The convenience and accessibility offered by mobile dating apps, along with the increasing acceptance of casual dating among older age groups, have contributed to the market's expansion. Additionally, Uruguay's progressive attitudes towards relationships and high internet penetration rate have created a favorable environment for the casual dating market to thrive.

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.