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Matchmaking - Tanzania

Tanzania
  • Revenue in the Matchmaking market is projected to reach US$2.78m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 40.63%, resulting in a projected market volume of US$10.86m by 2028.
  • In the Matchmaking market, the number of users is expected to amount to 201.5k 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$16.17.
  • 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.

Definition:

The Matchmaking market contains online services for the systematic search for partners by means of psychological tests or questionnaires. The main characteristic of these services is the fact that registered members search for life partners who are willing to enter into a long-term committed relationship. Furthermore, matchmaking services automatically recommend potential partners to their users. These suggestions are based primarily on personality tests, which can determine a suitable partner by means of matching algorithms.

Additional Information

Data includes revenue figures in Gross Merchandise Value (GMV), Users, average revenue per user (ARPU), and user penetration rate. User and revenue figures represent B2C services.

In-Scope

  • Matchmaking for the search for life partners
  • Matchmaking portals and apps that use mathematical algorithms to generate matches

Out-Of-Scope

  • Offline matchmaking services
  • Apps and portals that create matches based on users location (e.g. Spotted)
  • Apps and portals that create matches based on simple demographic criteria (e.g. Badoo)
  • Niche dating, such as portals or apps for vegetarians
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Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Matchmaking market in Tanzania is experiencing significant growth and development due to changing customer preferences and local special circumstances. Tanzanian consumers are increasingly turning to matchmaking services to find romantic partners, driven by a desire for convenience, increased social acceptance, and a shift towards digital platforms. Customer preferences in Tanzania have shifted towards using matchmaking services as a convenient and efficient way to find potential partners. Traditional methods of meeting people, such as through family or friends, are becoming less common as Tanzanians seek more independence and control over their personal lives. Matchmaking services offer a convenient solution, allowing individuals to browse through profiles and connect with potential partners from the comfort of their own homes. This shift towards online matchmaking is in line with global trends, as more and more people around the world are turning to digital platforms to find love. The increasing acceptance of matchmaking services in Tanzanian society is also contributing to the growth of the market. In the past, there may have been a stigma associated with using matchmaking services, but this perception is changing. Tanzanians are becoming more open to the idea of finding love online, recognizing the potential benefits and convenience it offers. This shift in societal attitudes is creating a favorable environment for the matchmaking market to thrive. Furthermore, the rise of digital platforms and technology in Tanzania is playing a crucial role in the growth of the matchmaking market. With the increasing availability of smartphones and internet access, more Tanzanians have access to online matchmaking services. This has paved the way for a new generation of matchmaking apps and websites to enter the market, catering to the specific needs and preferences of Tanzanian users. These platforms offer features such as location-based matching, advanced search filters, and secure messaging systems, making it easier for Tanzanians to find compatible partners. In addition to changing customer preferences, there are also local special circumstances that are driving the development of the matchmaking market in Tanzania. One such circumstance is the country's urbanization and the resulting shift in social dynamics. As more Tanzanians move to cities for work and education, they are faced with a smaller pool of potential partners in their immediate surroundings. Matchmaking services provide a solution by connecting individuals from different parts of the country, increasing the chances of finding a compatible partner. Another local special circumstance is the cultural diversity in Tanzania. The country is home to numerous ethnic groups and religions, each with their own set of customs and traditions. Matchmaking services that cater to specific cultural or religious preferences are gaining popularity, as Tanzanians seek partners who share their values and beliefs. This niche market within the matchmaking industry is thriving, offering tailored services to meet the unique needs of Tanzanian consumers. Underlying macroeconomic factors, such as the growth of the middle class and increasing disposable income, are also contributing to the development of the matchmaking market in Tanzania. As more Tanzanians enter the middle class, they have more financial resources to invest in finding a suitable partner. Matchmaking services, especially those that offer premium features or personalized matchmaking, are benefiting from this trend, as Tanzanians are willing to pay for a higher level of service and expertise. Overall, the Matchmaking market in Tanzania is experiencing rapid growth and development due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The convenience and efficiency of matchmaking services, along with increasing social acceptance and the rise of digital platforms, are driving the market forward. As Tanzanians continue to seek love and companionship, the matchmaking industry is poised to expand further in the coming years.

    Users

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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