Casual Dating - Lesotho

Lesotho

Highlights

Revenue in the Casual Dating market is projected to reach US$40.60k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.50%, resulting in a projected market volume of US$41.64k by 2029.
In the Casual Dating market, the number of users is expected to amount to 41.0k users by 2029.
User penetration will be 1.6% in 2024 and is expected to hit 1.7% by 2029.
The average revenue per user (ARPU) is expected to amount to US$1.08.
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 Lesotho is experiencing a steady growth due to changing customer preferences and increasing internet penetration in the country.

Customer preferences: In Lesotho, as in many other countries, there is a growing preference for online dating platforms among the younger population. This is driven by the convenience and accessibility these platforms offer, allowing individuals to connect with potential partners from the comfort of their own homes. Additionally, online dating provides a wider pool of potential partners, increasing the chances of finding a compatible match.

Trends in the market: One of the key trends in the online dating market in Lesotho is the rise of mobile dating apps. With the increasing popularity of smartphones and the availability of affordable data plans, more people are using mobile apps to access online dating services. These apps offer a seamless user experience and allow individuals to easily browse through profiles and connect with others on the go. This trend is expected to continue as smartphone penetration continues to rise in the country. Another trend in the market is the growing acceptance of online dating among older generations. In the past, online dating was primarily associated with younger individuals, but now older adults are also embracing these platforms as a way to meet new people and potentially find love. This shift in perception is contributing to the overall growth of the online dating market in Lesotho.

Local special circumstances: Lesotho, being a small country with a population of around 2 million people, has a limited dating pool, especially in more remote areas. Online dating platforms provide an opportunity for individuals to connect with others outside their immediate social circles and explore a wider range of potential partners. This is particularly beneficial for those living in rural areas or with limited social networks.

Underlying macroeconomic factors: The increasing internet penetration in Lesotho is a major driver of the growth in the online dating market. As more people gain access to the internet, the potential customer base for online dating platforms expands. Additionally, the improving economic conditions in the country have led to an increase in disposable income, allowing more people to afford the subscription fees associated with online dating services. In conclusion, the Online Dating market in Lesotho is growing due to changing customer preferences, including a preference for online platforms and the rise of mobile dating apps. The increasing acceptance of online dating among older generations and the limited dating pool in the country are also contributing factors. The underlying macroeconomic factors, such as increasing internet penetration and improving economic conditions, are further driving 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.