1. What is the projected Compound Annual Growth Rate (CAGR) of the Social Commerce Market?
The projected CAGR is approximately 18.58%.
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Social Commerce MarketSocial Commerce Market by Business Model (Business to Business (B2B), by Product Type (Personal & Beauty Care, Apparels, Accessories, Home Products, Health Supplements, Food & Beverage, Others), by Platform/ Sales Channel (Video Commerce, Group 0062uying, Social Reselling, Social Network-Ied Commerce, Product review platforms), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2026-2034
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 |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 18.58% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 18.58%.
Key companies in the market include The key players in the market include Etsy Inc., Fashnear Technologies Private Limited (Meesho), and Meta Platforms Inc., Pinduoduo, Pinterest Inc., Poshmark, Roposo, Snap Inc., Taobao, TikTok, Trell Shop, Twitter Inc., WeChat, Xiaohongshu, Yunji Sharing Technology Co., Ltd and others..
The market segments include Business Model, Product Type, Platform/ Sales Channel.
The market size is estimated to be USD 2.2 USD billion as of 2022.
Rising Adoption of Mobile Devices and Technological Advancements in TEM to Drive the Market Growth.
Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.
Lack of Interoperability and Poor Performance among Vendors to Hamper Market Growth.
In 2022, Meta Platforms launched Instagram Shops in 30 new countries. In 2021, TikTok introduced TikTok Shop, a live shopping platform within its app. In 2020, Amazon acquired social commerce platform Selz.
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The market size is provided in terms of value, measured in USD billion.
Yes, the market keyword associated with the report is "Social Commerce Market," which aids in identifying and referencing the specific market segment covered.
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