Matchmaking - Ethiopia

Ethiopia

Highlights

Revenue in the Matchmaking market is projected to reach US$2.17m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.50%, resulting in a projected market volume of US$2.79m by 2028.
In the Matchmaking market, the number of users is expected to amount to 370.1k users by 2028.
User penetration will be 0.3% in 2024 and is expected to hit 0.3% by 2028.
The average revenue per user (ARPU) is expected to amount to US$6.34.
In global comparison, most revenue will be generated China (US$1.21bn in 2024).
With a projected rate of 3.8%, the user penetration in the Matchmaking market is highest South Korea.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Matchmaking market in Ethiopia is experiencing significant growth due to changing customer preferences and the presence of local special circumstances.

Customer preferences: In Ethiopia, there is a growing trend among individuals to seek out matchmaking services to find their life partners. This can be attributed to the increasing urbanization and modernization of the country. As people become more focused on their careers and education, they are finding it challenging to meet potential partners through traditional methods. Matchmaking services provide a convenient and efficient way for individuals to connect with like-minded individuals who are also looking for a committed relationship.

Trends in the market: One of the key trends in the matchmaking market in Ethiopia is the rise of online platforms. With the increasing penetration of smartphones and internet connectivity, more people have access to online matchmaking services. These platforms offer a wide range of features, such as personalized profiles, compatibility matching algorithms, and communication tools, which enhance the matchmaking process. Online matchmaking is becoming increasingly popular among the younger generation, who are more tech-savvy and open to new ways of finding love. Another trend in the market is the emergence of niche matchmaking services. These services cater to specific demographics or interests, such as religious matchmaking, professional matchmaking, or matchmaking for individuals with specific hobbies or lifestyles. By targeting specific niches, these services can provide a more tailored and personalized matchmaking experience, increasing the chances of finding a compatible partner.

Local special circumstances: Ethiopia has a unique cultural and social context that influences the matchmaking market. Traditional values and customs still play a significant role in Ethiopian society, and many individuals prefer to find partners who share the same cultural and religious background. Matchmaking services that understand and cater to these cultural preferences have a competitive advantage in the market.

Underlying macroeconomic factors: The economic development and increasing disposable income in Ethiopia are also contributing to the growth of the matchmaking market. As people become more financially stable, they are more willing to invest in matchmaking services to find a compatible partner. Additionally, the growing middle class in the country has created a demand for premium matchmaking services that offer a higher level of personalized support and guidance. In conclusion, the matchmaking market in Ethiopia is experiencing growth due to changing customer preferences, including the increasing use of online platforms and the demand for niche matchmaking services. The local special circumstances, such as cultural preferences, also influence the market dynamics. The underlying macroeconomic factors, such as economic development and increasing disposable income, further contribute to the growth of the 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.