Social Commerce Trends and Forecast
The future of the global social commerce market looks promising with opportunities in the business to consumer, business to business, and consumer to consumer markets. The global social commerce market is expected to reach an estimated $4.17 trillion by 2030 with a CAGR of 28.7% from 2024 to 2030. The major drivers for this market are n increase in the use of social media, growth and attraction of online shopping, amount of time spent on these sites on average during the pandemic, and the convenience of online shopping.Social Commerce by Segment
The study includes a forecast for the global social commerce by business model, product type, sales channel, and region.Social Commerce Market by Business Model [Shipment Analysis by Value from 2018 to 2030]:
- Business To Consumer
- Business To Business
- Consumer To Consumer
Social Commerce Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Personal & Beauty Care
- Apparels
- Accessories
- Home Products
- Health Supplements
- Food & Beverage
- Others
Social Commerce Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:
- Video Commerce (Live Stream + Prerecorded)
- Social Network-Led Commerce
- Social Reselling
- Group Buying
- Product Review Platforms
Social Commerce Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Social Commerce Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies social commerce companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the social commerce companies profiled in this report include:- Etsy
- Fashnear Technologies
- Meta Platforms
- Pinduoduo
- Tiktok
- Poshmark
Social Commerce Market Insights
The report forecasts that apparels will remain the largest segment over the forecast period because most individuals spent their time online during the COVID-19 pandemic, fashion businesses found new ways to foster the buying experience, work with influencers and artists, and establish new connections.APAC is expected to witness highest growth over the forecast period due to growing investments in the infrastructure supporting telecommunications, the increasing use of smartphones, and the popularity of social media platforms like Facebook, Instagram, and Twitter.
Features of the Global Social Commerce Market
- Market Size Estimates: Social commerce market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Social commerce market size by business model, product type, sales channel, and region in terms of value ($B).
- Regional Analysis: Social commerce market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different business model, product type, sales channel, and regions for the social commerce market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the social commerce market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the social commerce market size?Answer: The global social commerce market is expected to reach an estimated $4.17 trillion by 2030.
Q2. What is the growth forecast for social commerce market?
Answer: The global social commerce market is expected to grow with a CAGR of 28.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the social commerce market?
Answer: The major drivers for this market are n increase in the use of social media, growth and attraction of online shopping, amount of time spent on these sites on average during the pandemic, and the convenience of online shopping.
Q4. What are the major segments for social commerce market?
Answer: The future of the global social commerce market looks promising with opportunities in the business to consumer, business to business, and consumer to consumer markets.
Q5. Who are the key social commerce market companies?
Answer: Some of the key social commerce companies are as follows:
- Etsy
- Fashnear Technologies
- Meta Platforms
- Pinduoduo
- Tiktok
- Poshmark
Answer: The report forecasts that apparels will remain the largest segment over the forecast period because most individuals spent their time online during the COVID-19 pandemic, fashion businesses found new ways to foster the buying experience, work with influencers and artists, and establish new connections.
Q7. In social commerce market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing investments in the infrastructure supporting telecommunications, the increasing use of smartphones, and the popularity of social media platforms like Facebook, Instagram, and Twitter.
Q8. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the social commerce market by business model (business to consumer, business to business, and consumer to consumer), product type (personal & beauty care, apparels, accessories, home products, health supplements, food & beverage, and others), sales channel (video commerce (live stream + prerecorded), social network-led commerce, social reselling, group buying, and product review platforms), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Social Commerce Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Etsy
- Fashnear Technologies
- Meta Platforms
- Pinduoduo
- Tiktok
- Poshmark
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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