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The State of U.S. Influencer-Brand Deals 2024: More Creators, Bigger Budgets, Fewer Partnerships

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    Report

  • April 2024
  • Region: United States
  • Emarketer
  • ID: 5982253

Many creators are reporting a deal drought, even as marketers are increasing their influencer budgets. That’s because the dynamics of the influencer-brand deal landscape are evolving.

Most brands are increasing their influencer marketing budgets. Many creators say brand deals are drying up. Both are true: More money is flowing into influencer marketing, but new high-profile partnerships are harder than ever for creators to come by.

Key Question: How are the dynamics of influencer-brand deals evolving, and who’s winning and losing?

Key Stat: US marketer spending on sponsored content on social media will rise by 16% this year to $8.14 billion.

Key Report Features:

  • 2 Exportable files for easy reading, analysis and sharing.
  • 7 Charts: Reliable data in simple displays for presentations and quick decision making.
  • 5 Expert Perspectives: Insights from industry and company leaders.

Table of Contents

  • Executive Summary
  • The era of influencer efficiency is here
  • Demand for deals among creators is outpacing supply
  • Brands are focused on the bottom line
  • The creator middle class is hurting the most
  • What does this mean for marketers and creators?
  • Interviews
  • Sources
  • Media Gallery

Charts

  • Brands Continue to Invest Heavily in Sponsored Content on Social Media, but Growth Is Slowing (billions in US sponsored content spending and % change, 2021-2025)
  • Number of Paid US Creators, by Follower Count, July 2023 (millions and % of total)
  • Brands Are Working With Fewer Influencers per Campaign Than Previously (% of US marketers activating influencers, by number of influencers per campaign, 2021 & 2023)
  • Most Important Metrics for Influencer Campaigns According to Marketers Worldwide, Aug 2023 (% of respondents)
  • Most Common Challenges Faced by US Creators Who Participate in Affiliate Marketing Programs, Oct 2023 (% of respondents)
  • Most Common vs. Most Impactful Influencer Marketing Strategies According to Brand Marketers Worldwide, Aug 2023 (% of respondents)
  • US Adults Who Have Purchased a Product From an Influencer-Founded Brand in the Past Year, by Generation, Nov 2023 (% of respondents)

Interviewed for This Report

  • Permele Doyle - Billion Dollar Boy, Founder and President
  • Yinon Horwitz - Uncapped, Founder and Creator
  • Caroline Neagle - Independent Marketing Consultant
  • Gigi Robinson - Entrepreneur and Creator, Hosts of Influence/@itsgigirobinson
  • Meridith Valiando Rojas - Co-Founder, Free Electron