Online Dating - Albania

Albania

Highlights

Revenue in the Online Dating market is projected to reach US$1.51m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.82%, resulting in a projected market volume of US$1.82m by 2029.
In the Online Dating market, the number of users is expected to amount to 158.5k users by 2029.
User penetration will be 4.6% in 2024 and is expected to hit 5.7% by 2029.
The average revenue per user (ARPU) is expected to amount to US$11.72.
In global comparison, most revenue will be generated United States (US$1.39bn in 2024).
With a projected rate of 17.7%, the user penetration in the Online Dating market is highest United States.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Matchmaking market in Albania has been experiencing significant growth in recent years. Customer preferences have shifted towards online platforms and mobile applications for finding potential partners. This trend is driven by the convenience and accessibility of these platforms, as well as the increasing acceptance of online dating in Albanian society. Additionally, local special circumstances, such as a large young population and a high rate of emigration, have contributed to the development of the matchmaking market in Albania.

Customer preferences: Albanian customers have shown a growing preference for online matchmaking platforms and mobile applications. These platforms provide a convenient and efficient way to connect with potential partners, allowing users to browse through profiles and communicate with others from the comfort of their own homes. The anonymity provided by online platforms also appeals to many customers, as it allows them to explore their options without the fear of judgment or rejection.

Trends in the market: One of the key trends in the matchmaking market in Albania is the increasing popularity of online matchmaking platforms and mobile applications. These platforms offer a wide range of features and functionalities, such as advanced search filters, compatibility tests, and messaging options, which enhance the user experience and increase the chances of finding a compatible partner. Another trend in the market is the rise of niche matchmaking platforms. These platforms cater to specific demographics or interests, such as religious or cultural affiliations, hobbies, or professions. By targeting specific niches, these platforms are able to provide a more tailored and personalized matchmaking experience, which appeals to customers who are looking for partners with specific characteristics or shared interests.

Local special circumstances: Albania has a large young population, with a significant proportion of the population being of marriageable age. This demographic factor contributes to the demand for matchmaking services, as young adults are often looking for long-term relationships and marriage partners. Additionally, the high rate of emigration in Albania has led to a situation where many young people are living and working abroad, which can make it challenging to find potential partners in their local communities. Online matchmaking platforms and mobile applications provide a solution to this problem, allowing individuals to connect with others regardless of their geographical location.

Underlying macroeconomic factors: The development of the matchmaking market in Albania is also influenced by underlying macroeconomic factors. The country has experienced economic growth in recent years, which has led to an increase in disposable income and a higher standard of living for many Albanians. This has resulted in a greater willingness to spend money on leisure activities, including matchmaking services. Furthermore, the increasing penetration of smartphones and internet access in Albania has made online matchmaking platforms and mobile applications more accessible to a larger portion of the population, driving 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.