Dating Services - Lebanon

  • Lebanon
  • Revenue in the Dating Services market is projected to reach US$2.25m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.37%, resulting in a projected market volume of US$2.53m by 2029.
  • The Online Dating market has a projected market volume of US$1.34m in 2024.
  • In global comparison, most revenue will be generated in the United States (US$2,547.00m in 2024).
  • The average revenue per user (ARPU) in the Dating Services market is projected to amount to US$5.67 in 2024.
  • In the Dating Services market, the number of users is expected to amount to 443.5k users by 2029.
  • User penetration in the Dating Services market will be at 7.6% in 2024.
 
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Analyst Opinion

The Dating Services market in Lebanon is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this positive trajectory. Customer preferences in the Dating Services market in Lebanon have shifted towards online platforms and apps. This is in line with global trends, as people increasingly rely on technology for various aspects of their lives. The convenience and accessibility of online dating platforms have attracted a large number of users in Lebanon, leading to the growth of the market. Additionally, customers are seeking more personalized and tailored dating experiences, which has prompted dating service providers to offer niche services that cater to specific interests and demographics. Trends in the market indicate a growing acceptance and normalization of online dating in Lebanon. Traditionally, dating in Lebanon was primarily conducted through social networks and introductions by friends and family. However, the rise of online dating platforms has challenged this traditional approach and provided individuals with more options and opportunities to connect with potential partners. The increasing use of smartphones and the internet has further facilitated this trend, making it easier for people to meet and interact with others. Local special circumstances have also played a role in the development of the Dating Services market in Lebanon. The country's relatively young population, high internet penetration rate, and urbanization have created a conducive environment for the growth of online dating services. Moreover, Lebanon's cultural diversity and openness to new experiences have contributed to the acceptance of online dating as a viable option for meeting potential partners. Underlying macroeconomic factors have also influenced the growth of the Dating Services market in Lebanon. The country's stable economic conditions and rising disposable incomes have enabled individuals to spend more on leisure activities, including dating services. Additionally, the increasing number of women in the workforce and their growing financial independence have led to a greater demand for dating services, as women are more empowered to actively seek out romantic relationships. In conclusion, the Dating Services market in Lebanon is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards online platforms, the normalization of online dating, cultural openness, and favorable economic conditions have all contributed to the positive trajectory of the market.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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