Matchmaking - Mozambique

Mozambique

Highlights

Revenue in the Matchmaking market is projected to reach US$1.57m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.78%, resulting in a projected market volume of US$1.62m by 2028.
In the Matchmaking market, the number of users is expected to amount to 88.2k users by 2028.
User penetration will be 0.2% in 2024 and is expected to hit 0.2% by 2028.
The average revenue per user (ARPU) is expected to amount to US$19.49.
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 Mozambique is experiencing significant growth due to shifting customer preferences and emerging trends in the market. Customer preferences in the Matchmaking market have evolved in recent years. With the increasing use of technology and the rise of online dating platforms, more people are turning to matchmaking services to find compatible partners. This shift in preferences is driven by the convenience and efficiency of online platforms, which allow individuals to connect with potential partners from the comfort of their own homes. Additionally, there is a growing demand for personalized matchmaking services that cater to specific preferences and lifestyles. Customers are seeking out services that can provide tailored matches based on factors such as interests, values, and cultural background. Trends in the Matchmaking market in Mozambique reflect global patterns. One notable trend is the rise of niche matchmaking services that cater to specific demographics or communities. These services focus on providing matches for individuals with shared interests, values, or cultural backgrounds. This trend is driven by the desire for more personalized and targeted matchmaking experiences. Another trend is the integration of technology into matchmaking services. Many companies are leveraging artificial intelligence and data analytics to improve the accuracy and efficiency of their matchmaking algorithms. This allows them to provide more accurate and compatible matches to their customers. Local special circumstances in Mozambique also contribute to the development of the Matchmaking market. The country has a relatively young population, with a significant portion of the population being of marriageable age. This creates a large potential customer base for matchmaking services. Additionally, Mozambique has a diverse population with different cultural and religious beliefs. This diversity creates opportunities for specialized matchmaking services that cater to specific communities or cultural preferences. Furthermore, Mozambique has a growing middle class with increasing disposable income. This allows individuals to invest in matchmaking services and seek out personalized matchmaking experiences. Underlying macroeconomic factors also play a role in the development of the Matchmaking market in Mozambique. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This provides individuals with the financial means to invest in matchmaking services. Additionally, Mozambique has a relatively stable political environment, which creates a favorable business climate for matchmaking companies. These factors contribute to the overall growth and development of the Matchmaking market in Mozambique. In conclusion, the Matchmaking market in Mozambique is experiencing growth due to shifting customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The increasing use of technology, the rise of niche matchmaking services, and the integration of artificial intelligence are driving the growth of the market. The young population, cultural diversity, and growing middle class in Mozambique create opportunities for specialized matchmaking services. Furthermore, the country's steady economic growth and stable political environment contribute to the overall development 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.