Dating Services - Malta

Malta

Highlights

Revenue in the Dating Services market is projected to reach US$958.60k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.10%, resulting in a projected market volume of US$1.08m by 2028.
The Online Dating market has a projected market volume of US$432.10k 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$38.58 in 2024.
In the Dating Services market, the number of users is expected to amount to 27.3k users by 2028.
User penetration in the Dating Services market will be at 5.6% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dating Services market in Malta is experiencing significant growth and development, driven by changing customer preferences and the increasing popularity of online dating platforms. Customer preferences in the Dating Services market in Malta have shifted towards online platforms, as individuals seek convenience and a wider pool of potential partners. Online dating allows users to easily connect with others from the comfort of their own homes, providing a convenient and efficient way to meet new people. Additionally, online platforms often offer advanced matching algorithms and personalized recommendations, which further enhance the user experience. In line with global trends, the Dating Services market in Malta is witnessing a rise in niche dating platforms catering to specific interests and demographics. These platforms target individuals with specific preferences, such as religion, ethnicity, or hobbies, allowing them to connect with like-minded individuals. This trend reflects the growing demand for more tailored and specialized dating experiences, as users seek to find partners who share their values and interests. Another notable trend in the Dating Services market in Malta is the increasing popularity of mobile dating apps. With the widespread adoption of smartphones and the convenience they offer, more and more individuals are turning to mobile apps for their dating needs. These apps provide a seamless and user-friendly interface, allowing users to easily swipe through profiles and connect with potential matches. The ease of use and accessibility of mobile dating apps have contributed to their rapid growth and popularity in the market. Local special circumstances in Malta also play a role in shaping the development of the Dating Services market. As a small island nation, Malta has a close-knit community where individuals often have overlapping social circles. This can make it challenging for people to meet new potential partners through traditional means. Online dating platforms and mobile apps provide an alternative avenue for individuals to expand their social networks and connect with others outside of their immediate circles. Underlying macroeconomic factors, such as increasing internet penetration and smartphone adoption rates, are also driving the growth of the Dating Services market in Malta. As more individuals gain access to the internet and smartphones, the potential user base for online dating platforms expands. Additionally, the increasing acceptance and normalization of online dating in society contribute to the market's growth, as more people feel comfortable and confident in using these services. Overall, the Dating Services market in Malta is experiencing significant growth and development, driven by changing customer preferences, the rise of online platforms and mobile apps, local special circumstances, and underlying macroeconomic factors. As technology continues to advance and societal attitudes towards online dating evolve, the market is expected to further expand in the coming years.

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.