Casual Dating - Colombia

Colombia

Highlights

Revenue in the Casual Dating market is projected to reach US$4.24m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.14%, resulting in a projected market volume of US$4.27m by 2029.
In the Casual Dating market, the number of users is expected to amount to 2.3m users by 2029.
User penetration will be 3.7% in 2024 and is expected to hit 4.3% by 2029.
The average revenue per user (ARPU) is expected to amount to US$2.18.
In global comparison, most revenue will be generated United States (US$293.80m in 2024).
With a projected rate of 4.6%, the user penetration in the Casual Dating market is highest Armenia.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Dating market in Colombia is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this growth. Customer preferences in Colombia are shifting towards online dating platforms. As more people become comfortable with using technology to meet new people, the demand for online dating services has increased. This shift is driven by the convenience and accessibility of online dating platforms, which allow users to connect with potential partners from the comfort of their own homes. Additionally, the ability to browse through profiles and filter potential matches based on specific criteria appeals to users who are looking for more tailored dating experiences. Trends in the market indicate that online dating in Colombia is becoming more mainstream. The stigma associated with online dating has diminished, and more people are embracing it as a legitimate way to find love and companionship. This trend is fueled by the success stories of couples who have met through online dating platforms and the positive word-of-mouth recommendations they generate. As a result, the number of users signing up for online dating services is increasing, leading to a larger pool of potential matches and more opportunities for meaningful connections. Local special circumstances also contribute to the growth of the online dating market in Colombia. The country has a young and tech-savvy population, with a high percentage of people owning smartphones and having access to the internet. This makes online dating platforms easily accessible to a large portion of the population. Additionally, Colombia has a vibrant social scene, with many people looking for ways to meet new people and expand their social networks. Online dating provides a convenient and efficient way to do so, making it an attractive option for many Colombians. Underlying macroeconomic factors further support the growth of the online dating market in Colombia. The country has experienced steady economic growth in recent years, leading to an increase in disposable income for many individuals. This allows them to allocate more resources towards leisure activities, including online dating. Additionally, changing cultural norms and an evolving social landscape have made it more acceptable for Colombians to seek romantic relationships through online platforms. In conclusion, the Online Dating market in Colombia is growing and developing due to shifting customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As more Colombians embrace online dating as a legitimate way to find love and companionship, the market will continue to expand, providing opportunities for both users and online dating platforms.

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.