Matchmaking - Guinea

  • Guinea
  • Revenue in the Matchmaking market is projected to reach US$0.66m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.18%, resulting in a projected market volume of US$0.70m by 2029.
  • In the Matchmaking market, the number of users is expected to amount to 39.4k users by 2029.
  • User penetration will be 0.2% in 2024 and is expected to hit 0.2% by 2029.
  • The average revenue per user (ARPU) is expected to amount to US$18.71.
  • In global comparison, most revenue will be generated in China (US$1,211.00m in 2024).
  • With a projected rate of 3.8%, the user penetration in the Matchmaking market is highest in South Korea.
 
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Analyst Opinion

The Casual Dating market in Guinea is experiencing steady growth and development, driven by changing customer preferences and underlying macroeconomic factors.

Customer preferences:
In Guinea, there is a growing demand for casual dating services as individuals seek companionship and connection in a fast-paced society. With busy work schedules and limited social opportunities, many people are turning to casual dating platforms to meet new people and explore romantic relationships. The convenience and anonymity offered by these platforms appeal to customers who value flexibility and discretion in their dating experiences.

Trends in the market:
One of the key trends in the Casual Dating market in Guinea is the increasing popularity of online dating platforms. These platforms provide a convenient and efficient way for individuals to connect with potential partners, offering a wide range of features such as profile customization, chat options, and algorithm-based matching. The rise of smartphones and improved internet connectivity has further fueled the growth of online dating, making it accessible to a larger audience. Another trend in the market is the emergence of niche dating platforms catering to specific interests and demographics. These platforms cater to individuals with unique preferences or lifestyles, such as religious dating, LGBTQ+ dating, or senior dating. By targeting specific customer segments, these platforms are able to provide a more tailored and personalized dating experience, attracting customers who may feel underserved by mainstream dating platforms.

Local special circumstances:
In Guinea, there are certain cultural and social factors that influence the Casual Dating market. The country has a predominantly Muslim population, and traditional values and social norms may impact the acceptance and adoption of casual dating practices. However, as younger generations become more exposed to Western influences and modern lifestyles, attitudes towards dating and relationships are gradually evolving. This shift in mindset is contributing to the growth of the Casual Dating market in Guinea.

Underlying macroeconomic factors:
The development of the Casual Dating market in Guinea is also influenced by underlying macroeconomic factors. Economic growth and increasing disposable incomes have resulted in a larger middle class with more spending power. As a result, individuals have more financial resources to allocate towards leisure activities, including casual dating. Additionally, urbanization and changing demographics have led to a more cosmopolitan and interconnected society, creating opportunities for people to meet and connect through casual dating platforms. Overall, the Casual Dating market in Guinea is experiencing growth and development due to changing customer preferences, the rise of online dating platforms, niche dating services, evolving cultural attitudes, and underlying macroeconomic factors. As technology continues to advance and societal norms evolve, the market is expected to further expand, offering new opportunities for both customers and businesses in Guinea.

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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