Matchmaking - Seychelles

Seychelles

Highlights

Revenue in the Matchmaking market is projected to reach US$24.22k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of NaN%, resulting in a projected market volume of US$-42.08k by 2029.
In the Matchmaking market, the number of users is expected to amount to 926.9users by 2029.
User penetration will be 0.7% in 2024 and is expected to hit 0.8% by 2029.
The average revenue per user (ARPU) is expected to amount to US$30.39.
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 Seychelles is experiencing significant growth and development.

Customer preferences: Customers in Seychelles are increasingly turning to casual dating as a way to meet new people and explore new relationships. The convenience and accessibility of online dating platforms have made it easier for individuals to connect with others who share similar interests and desires. Additionally, the anonymity provided by these platforms allows customers to explore their sexuality and preferences in a safe and discreet manner.

Trends in the market: One of the key trends in the casual dating market in Seychelles is the growing popularity of mobile dating apps. These apps offer a convenient and user-friendly interface that allows individuals to browse through profiles and connect with potential partners on the go. The ease of use and instant messaging features of these apps have made them particularly appealing to younger customers who are looking for casual relationships. Another trend in the market is the increasing acceptance of casual dating among the older population. As societal attitudes towards relationships and sexuality evolve, older individuals are becoming more open to exploring casual dating as a way to meet new people and enjoy companionship without the commitment of a traditional relationship. This has led to a growing demand for casual dating services that cater specifically to this demographic.

Local special circumstances: The tourism industry plays a significant role in the development of the casual dating market in Seychelles. The country is known for its picturesque landscapes and exotic beaches, attracting a large number of tourists each year. Many of these tourists are looking for casual encounters and experiences during their stay, creating a demand for casual dating services in popular tourist destinations.

Underlying macroeconomic factors: The growing popularity of casual dating in Seychelles can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and leisure spending. As individuals have more financial resources at their disposal, they are more likely to engage in casual dating activities. Furthermore, the advent of technology and the widespread availability of internet access have made it easier for individuals to connect with others and explore new relationships. The increasing penetration of smartphones and the internet has created a conducive environment for the growth of the casual dating market in Seychelles. In conclusion, the casual dating market in Seychelles is experiencing significant growth and development due to changing customer preferences, technological advancements, and favorable macroeconomic factors. The increasing popularity of mobile dating apps and the growing acceptance of casual dating among older individuals are driving the growth of the market. Additionally, the country's thriving tourism industry and the availability of disposable income have created a conducive environment for the development of the casual dating 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.