Matchmaking - Belize

Belize

Highlights

Revenue in the Matchmaking market is projected to reach US$39.14k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -1.87%, resulting in a projected market volume of US$35.61k by 2029.
In the Matchmaking market, the number of users is expected to amount to 1.6k users by 2029.
User penetration will be 0.5% in 2024 and is expected to hit 0.4% by 2029.
The average revenue per user (ARPU) is expected to amount to US$20.79.
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.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Casual Dating market in Belize is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Belize have shifted towards more casual and non-committal relationships, leading to an increased demand for casual dating services. This shift can be attributed to various factors such as changing societal norms, increased urbanization, and a desire for personal freedom and independence. Customers in Belize are increasingly seeking casual dating experiences that offer convenience, flexibility, and a low level of commitment. Trends in the market indicate a growing acceptance and popularity of casual dating in Belize. Online dating platforms and mobile applications have become increasingly popular, providing individuals with a convenient and accessible way to connect with potential partners. These platforms offer a wide range of features and options, allowing users to tailor their dating experience to their specific preferences. Additionally, the rise of social media and digital communication has facilitated the growth of casual dating by providing individuals with a platform to meet and interact with others. Local special circumstances in Belize contribute to the development of the casual dating market. Belize is a diverse country with a mix of cultures and languages, creating a vibrant dating scene with a variety of options for individuals to explore. The tourism industry in Belize also plays a significant role in the casual dating market, as tourists often seek casual relationships or companionship during their visits. This influx of tourists provides a constant stream of potential customers for casual dating services. Underlying macroeconomic factors also contribute to the growth of the casual dating market in Belize. The country's growing economy has led to an increase in disposable income, allowing individuals to spend more on leisure activities, including casual dating. Additionally, the increasing access to technology and internet connectivity has made casual dating services more accessible to a wider population. In conclusion, the Casual Dating market in Belize is experiencing growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards more casual and non-committal relationships, the popularity of online dating platforms, the diverse dating scene, and the country's growing economy all contribute to 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.