Casual Dating - Sierra Leone

Sierra Leone

Highlights

Revenue in the Casual Dating market is projected to reach US$125.10k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.70%, resulting in a projected market volume of US$157.30k by 2029.
In the Casual Dating market, the number of users is expected to amount to 139.8k users by 2029.
User penetration will be 1.3% in 2024 and is expected to hit 1.4% by 2029.
The average revenue per user (ARPU) is expected to amount to US$1.10.
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 Sierra Leone has been steadily growing over the past few years, driven by changing customer preferences and the increasing popularity of online dating platforms. Customer preferences in Sierra Leone have shifted towards online dating as a convenient and efficient way to meet potential partners. With the rise of smartphones and internet access, more people are turning to online platforms to find love and companionship. This trend is in line with the global market, where online dating has become increasingly popular due to its convenience and the ability to connect with a larger pool of potential partners. One of the key trends in the Sierra Leonean online dating market is the preference for local platforms. While international dating apps and websites are available in the country, many Sierra Leoneans prefer to use local platforms that cater specifically to their needs and cultural preferences. These local platforms often provide features and services that are tailored to the Sierra Leonean market, such as language options and matchmaking algorithms that take into account local customs and traditions. Another trend in the market is the growing acceptance of online dating among older generations. Traditionally, online dating was seen as a younger person's activity, but this perception is changing in Sierra Leone. Older adults are increasingly embracing online dating as a way to meet new people and potentially find love later in life. This trend is driven by the increasing number of older adults who are technologically savvy and comfortable using online platforms. Local special circumstances in Sierra Leone also contribute to the development of the online dating market. The country has a relatively young population, with a large percentage of people in their 20s and 30s. This demographic is more likely to use online dating platforms, contributing to the growth of the market. Additionally, Sierra Leone has a high rate of urbanization, with a significant portion of the population living in cities. Urban areas tend to have higher internet penetration rates and access to smartphones, making online dating more accessible to a larger segment of the population. Underlying macroeconomic factors also play a role in the development of the online dating market in Sierra Leone. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. As people have more disposable income, they are more likely to spend money on leisure activities, including online dating. Additionally, the growing middle class in Sierra Leone has led to an increase in internet access and smartphone ownership, further driving the growth of the online dating market. Overall, the online dating market in Sierra Leone is developing due to changing customer preferences, the popularity of local platforms, the growing acceptance of online dating among older generations, local special circumstances, and underlying macroeconomic factors. As the market continues to grow, it is likely that more local and international players will enter the market to cater to the increasing demand for online dating services in Sierra Leone.

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.