Social Commerce Market by Business Model (Business to Business (B2B), by Product Type (Personal & Beauty Care, Apparels, Accessories, Home Products, Health Supplements, Food & Beverage and Others), by Platform/ Sales Channel (Video Commerce, Group 0062uying, Social Reselling, Social Network-Ied Commerce, Product review platforms), by North Americ (United States, Canada, Mexico), by South America (Brazil, Mexico, Rest of South America), by Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by MEA (Middle East, Africa) Forecast 2024-2032
The Social Commerce Marketsize was valued at USD 2.2 billion in 2023 and is projected to reach USD 12.1 billion by 2032, exhibiting a CAGR of 18.58 % during the forecast period. The social commerce market combines the elements of social networks and e-commerce since it allows users to search for, recommend, and buy goods or services in social networks. It turns social communication into a business opportunity, helping firms capitalize on user-generated content, influencer advertising, and word-of-mouth influence. Existing across multiple industries of retail, fashion, beauty, and entertainment, social commerce is useful in enabling social, safe, and endurable transactions. These emerging trends and practices are the utilization of augmented reality and virtual reality for shopping, shoppable live streams, and advancements of social commerce options on most social media platforms. With the constant increase in customer preferences for online and mobile purchases, the social commerce market is primed for continued growth and advancements.
Business Model:
Product Type:
Platform/ Sales Channel:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.58% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.58% from 2018-2032 |
Segmentation |
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