{"id":2294,"date":"2023-06-15T16:59:56","date_gmt":"2023-06-15T16:59:56","guid":{"rendered":"https:\/\/dataprot.net\/?p=2294"},"modified":"2024-02-06T13:39:23","modified_gmt":"2024-02-06T13:39:23","slug":"social-commerce-market-size-statistics","status":"publish","type":"post","link":"https:\/\/dataprot.net\/statistics\/social-commerce-market-size-statistics\/","title":{"rendered":"Social Commerce Market Size Statistics\u00a0"},"content":{"rendered":"\n
The social commerce market is growing rapidly due to its global popularity and demand. In 2022, social commerce contributed to 4.4% of online retail sales<\/a> in the U.S. alone, and it is predicted to grow by 5% by 2025.<\/p>\n\n\n\n Social commerce is the shopping revolution that changes peoples\u2019 shopping behavior. Nowadays, many shoppers prefer buying on social media sites, and 8 out of 10 shoppers<\/a> discover a product on social media platforms<\/a> and purchase using their mobile phones.<\/p>\n\n\n\n In this article, discover how big social commerce has become and the latest market size, revenue, and trends statistics.<\/p>\n\n\n\n The global market size of social commerce’s value in 2022 was $727.63 billion.<\/a> It is foreseen to have a CAGR of 31.6% from 2023 to 2030. In addition, it is forecasted to surpass $6 trillion by 2030.<\/p>\n\n\n\n The rising popularity of social commerce has taken advantage of this trend by making internet users’ shopping experience easier as product discovery, online reviews, customer feedback, and check-outs are made on a social media platform.<\/p>\n\n\n\n The social commerce market is growing because of the increasing number of social media users. Out of 4.89 billion social media users, 50.8%<\/a> use social media to look for inspiration for buying things and browse for purchases. <\/p>\n\n\n\n Users are not the only reason the social market is growing – businesses use social media platforms because it creates better opportunities for brand awareness and connecting with potential customers.<\/p>\n\n\n\n Here are the current global social market size and revenue statistics.<\/p>\n\n\n\n (Statista)<\/p>\n\n\n\n The social commerce market is gaining popularity since shoppers now prefer to use social media platforms to buy products. The demand is foreseeing an increase in sales by 2023. <\/p>\n\n\n\n The table below shows the expected global market value of social commerce sales.<\/p>\n\n\n\nEditor\u2019s Choice<\/strong><\/h3>\n\n\n\n
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How Big is Social Commerce Worldwide?<\/strong><\/h2>\n\n\n\n
Social Commerce Market Size, Revenue Statistics<\/strong><\/h3>\n\n\n\n
1. In 2023, social media platforms are anticipated to reach $1.298 trillion in sales.<\/strong><\/h4>\n\n\n\n