Matchmaking - Papua New Guinea

Papua New Guinea

Highlights

Revenue in the Matchmaking market is projected to reach US$544.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 23.71%, resulting in a projected market volume of US$1.58m by 2029.
In the Matchmaking market, the number of users is expected to amount to 42.7k users by 2029.
User penetration will be 0.4% in 2024 and is expected to hit 0.4% by 2029.
The average revenue per user (ARPU) is expected to amount to US$13.04.
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

Casual dating has been gaining popularity in Papua New Guinea in recent years, driven by changing societal attitudes and increasing access to technology.

Customer preferences: In Papua New Guinea, there is a growing demand for casual dating as individuals seek more freedom in their personal relationships. This shift in customer preferences can be attributed to several factors. Firstly, the younger generation is becoming more open-minded and progressive, embracing the idea of casual dating as a way to explore their own desires and preferences. Additionally, with the rise of social media and dating apps, people now have easier access to a wider pool of potential partners, making casual dating more accessible and convenient.

Trends in the market: One of the key trends in the casual dating market in Papua New Guinea is the increasing use of dating apps and online platforms. These platforms provide a convenient and discreet way for individuals to connect with others who share similar interests and preferences. This trend is particularly prevalent among urban dwellers who have greater access to technology and are more exposed to Western influences. Another trend in the market is the rise of casual dating events and activities. These events, such as speed dating or singles' parties, provide an opportunity for individuals to meet and interact with potential partners in a relaxed and social setting. These events are gaining popularity as they offer a more structured and organized approach to casual dating, appealing to those who prefer a more traditional approach to meeting new people.

Local special circumstances: Papua New Guinea is a culturally diverse country with over 800 different languages spoken. This cultural diversity has an impact on the casual dating market, as different regions and communities may have varying attitudes towards dating and relationships. While casual dating may be more accepted in urban areas, it may still face resistance in more conservative rural communities. Another local special circumstance is the influence of traditional gender roles. In Papua New Guinea, there are still strong expectations for men and women to adhere to traditional gender roles, which can impact the dynamics of casual dating. This may result in a greater emphasis on discretion and privacy when engaging in casual relationships.

Underlying macroeconomic factors: The development of the casual dating market in Papua New Guinea is also influenced by underlying macroeconomic factors. As the country continues to experience economic growth, there is an increase in disposable income and discretionary spending. This provides individuals with more resources to invest in their personal lives, including casual dating. Furthermore, the growing urbanization in Papua New Guinea is creating a more cosmopolitan and interconnected society. Urban areas are experiencing rapid development and modernization, which is influencing societal norms and values. This urbanization trend is likely to continue driving the growth of the casual dating market as more people are exposed to new ideas and lifestyles. In conclusion, the casual dating market in Papua New Guinea is developing in response to changing customer preferences, increased access to technology, and underlying macroeconomic factors. While there are still local special circumstances and cultural considerations that may impact the market, the overall trend is towards a more open and progressive attitude towards casual dating.

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.