GVR Report cover Social Commerce Market Size, Share & Trends Report

Social Commerce Market Size, Share & Trends Analysis Report By Business Model, By Product Type, By Platform/Sales Channel, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68039-318-0
  • Number of Pages: 109
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Report Overview

The global social commerce market size was valued at USD 727.63 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 31.6% from 2023 to 2030. The increased adoption of social media and average time spent on these platforms during the pandemic and the convenience of buying products online are expected to drive the market growth. The pandemic has fueled and highlighted the importance of staying connected and has enforced the adoption of online media and communication via digital technologies.

North America social commerce market size, by business model, 2020 - 2030 (USD Billion)

By allowing the customer to shop and checkout directly via social media platforms, social commerce eliminates unnecessary additional steps and helps streamline the buying process. Additionally, people tend to purchase products based on inspiration and recommendations from the people they trust on. As a result, during the forecasted period, the market is expected to gain traction owing to the penetration of a smooth shopping process and product discovery and checkout. Moreover, the increased number of interested buyers from different social media platforms such as Pinterest, Snapchat, Facebook, and Instagram are also expected to drive market growth over the forecast period.

Social commerce, and the use of social media platforms to drive and/or process online purchases, have led to new forms of shopping in collaboration with virtual environments. The convergence of content shopping, sharing, payments, and messaging features has enabled the proliferation of social commerce in the past few years. Seamless access to social media networking sites coupled with the high level of impulse buying, especially amongst Gen Z and millennials has created huge potential for several brands/sellers to increase their sales which will lead to attracting new customers.

Moreover, social commerce has given merchants/brands the power of merging social media and e-commerce sites, thereby providing a huge branding opportunity. This has led to enhanced social media presence and has allowed creating brand awareness to stay in the minds of the customers through daily engaging content. 

Social commerce has become a democratizing force as it has opened new avenues of opportunities for small businesses and individuals. Social buyers are more likely to buy from a small business when shopping through social commerce in comparison to that of e-commerce sites. Several factors support this trend, including the fact that individuals are spending an increasing amount of time on social media platforms. Studies suggest that an average individual spends over two hours on a social media platform each day and is likely to buy from a brand that they have not encountered previously.

Consumer preferences and attitudes have changed dramatically over the past few years. A shift in consumer preference is one of the significant factors driving the social commerce market growth. Along with the innovations in mobile technology, consumers have become accustomed to immediate communication and now look forward to instant customer service.

Additionally, consumers are looking for new avenues to engage with brands using the latest technology, with younger generations seen dominating the social commerce charge. As per the global web index report, the usage of social commerce is comparatively high among millennials and generation Z, who are prone to purchase over 60% from social media platforms when given the opportunity.

COVID-19 compelled users to spend more time on the social media platform, which pushed retailers to increase their investments in advertisements. This, in turn, has led brands to extend their reach to new customers and varied product categories. Furthermore, pandemic-induced lockdowns and restrictions in 2020 triggered a behavior shift among in-store buyers, including non-digital communities. Users began to lean toward online shopping as social distancing became the norm. Customers became more comfortable and confident while spending time and money in a digital environment, thereby paving the way for the social commerce market growth.

Despite the market being estimated to record significant growth in coming years owing to the benefits mentioned above, increasing concerns among users over the collection and potential use of personal information by social media platforms are emerging as a possible restraint for market growth. While advances in technology are helping to predict the market, any misuse of customer-related data can lead to losses and potential liabilities for both consumers and sellers.

Social media users are apprehensive about illegal access to data as many social media sites are not shielded against the risk of cyberattacks. Security concerns are expected to be a short-term hindrance as retailers/vendors are working collectively with third-party payment platforms to offer a safer and more secure payment environment to consumers. Therefore, long-term issues about data privacy are expected to be resolved in the near future.

Business Model Insights

The B2C segment has dominated with a market share of 55.97% in 2022. It is expected to grow at a significant growth rate during the forecast period. Factors such as the shift in consumer behavior, mindset, and rising adoption of digital mode contribute to the growing demand for the business-to-consumer (B2C) business model. Social commerce platforms allow customers to easily observe, select, and order a product while evaluating the same by checking reviews written by other users.

Further, the C2C segment is likely to grow at a CAGR of 27.6% during the forecast period. The C2C business model refers to websites that act as intermediaries between customers. This model enables sellers to be the buyers and buyers to be the sellers. Customers can interchange their roles based on their requirements. The B2B segment is expected to witness steady growth in the coming years.

Various companies and businesses generally use this model to sell their product and services to other buyer companies. The B2B model caters to niche markets too, such as pet stores or pet foods, and fulfills the requirements of customers. WeChat Business is one of the most recent mobile social network businesses that utilize business and personal relationships to enhance customer relationships.

Platform/Sales Channel Insights

Video Commerce dominated the market with a share of 42.5% in 2022. The segment is expected to witness considerable growth, expanding at a CAGR of 33.6% in the coming years. In recent times, live-stream shopping has grown immensely and has enticed viewers to buy from a live shopping event. For instance, in December 2021 Walmart Inc. entered into a partnership with TikTok and underwent a first pilot test that facilitated a live-streaming shopping experience.

Live to sell as a marketing method has facilitated sales conversion rate and buyer experience. It helps enhance the time spent by the customers on the seller’s social pages and easily attracts new customers. As live streaming matures throughout the Asia Pacific region and develops in Western countries, with TikTok’s short-form video boom, every major player now has some iteration of this format such as YouTube Short, Snapchat Spotlight, and Instagram Reels to name a few. This, in turn, is expected to generate ample opportunity to drive engagement, thereby driving the segment growth.

Product Type Insights

In 2022, the apparel segment led the market, accounting for a revenue share of 23.4%. The clothing and apparel business is the most significant business than any other products online as it has considerable popularity and demand on social media platforms. During the COVID-19 pandemic, as people were online for most of the time, fashion retailers discovered new ways to cultivate shopping experiences, engage influencers/creators, and connect in new ways.

For instance, Express, a U.S.-based fashion retailerempowered regular shoppers and influencers to become the Style Editors", set up Express storefronts, and be rewarded for driving sales and drawing new customers.

Global social commerce market share, by product type, 2022 (%)

The personal and beauty care segment is estimated to grow at the highest CAGR of 36.2% during the forecast period. Shoppers buy online because they have a clear understanding of what the user experience will be after purchasing a product. Personal and beauty care brand marketers and owners prioritize data for their customer targeting and product development.

Using social commerce beauty brands creates the scope for a rich global audience and international markets without acquiring or hiring local sellers and distributors. Sellers on social commerce platforms are offering cashback, discounts, same-day or next-day deliveries, EMI options, click & collect options, and many more services that make easy and more lucrative online shopping than offline buying.

Regional Insights

The Asia Pacific accounted for a 70.3% market share in 2022. It is expected to grow steadily over the forecast period. The growth of this region is mainly accredited to the factors such as rising investments in the telecommunication infrastructure, the proliferation of the internet and smartphones, and the widespread reach of social media websites such as Facebook, Instagram, and Twitter. Moreover, the growing number of smartphones and social media users in countries like China mainly contribute immensely to the regional market growth.

Social Commerce Market Trends by Region

North America emerged as the second-largest regional segment in the social commerce market in 2022. It is expected to grow at a significant CAGR of nearly 29.3% during the forecast period. The e-commerce and social commerce landscapes in the U.S. are a lot more fragmented in comparison to developing countries. This region displays a significant difference in consumer attitudes, and subsequent, behavior. This continues to govern the growth of the social media consumption, digital shopping, payments, and concerns about online privacy as well.

Key Companies & Market Share Insights

Companies are entering into organic and inorganic growth strategies such as solution/ product launch & developments, geographical expansion, mergers & acquisitions, and partnerships to stay ahead in the competitive market scenario. For instance, in April 2021, Pinterest entered into a partnership with Shopify, Inc., an e-commerce solution provider, to expand its social commerce presence internationally. The partnership allows the former to provide a Pinterest platform in 27 countries, including the U.K., Austria, Brazil, Italy, France, Germany, Australia, Spain, and Switzerland. Some prominent players in the global social commerce market include:

  • Etsy, Inc.

  • Fashnear Technologies Private Limited (Meesho)

  • Meta Platforms, Inc. (Facebook)

  • Pinduoduo Inc.

  • Pinterest, Inc.

  • Poshmark

  • Roposo

  • Snap, Inc.

  • Taobao

  • TikTok (Douyin)

  • Trell Shop

  • Twitter, Inc.

  • WeChat (Weixin)

  • Xiaohongshu

  • Yunji Sharing Technology Co., Ltd.

Social Commerce Market Report Scope

Report Attribute


Market size value in 2023

USD 913.90 billion

Revenue forecast in 2030

USD 6,243.94 billion

Growth Rate

CAGR of 31.6% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Business model, product type, platform/sales channel, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; China; India; Japan; Australia; Indonesia; Singapore; South Korea; Thailand; Philippines; Vietnam; Malaysia; Brazil; Mexico; Rest of Europe; Rest of Asia Pacific; Rest of Latin America

Key companies profiled

Etsy, Inc.; Fashnear Technologies Private Limited (Meesho); Meta Platforms, Inc. (Facebook); Pinduoduo Inc.; Pinterest, Inc.; Poshmark, Roposo, Snap, Inc.; Taobao; TikTok (Douyin); Trell Shop; Twitter, Inc.; WeChat (Weixin); Xiaohongshu; Yunji Sharing Technology Co., Ltd.

Customization scope

Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options.


Global Social Commerce Market Segmentation

The report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global social commerce market report based on business model, product type, platform/sales channel, and region:

Global Social Commerce Market Segmentation

  • Business Model Outlook (Revenue, USD Billion, 2018 - 2030)

    • Business to Consumer (B2C)

    • Business to Business (B2B)

    • Consumer to Consumer (C2C)

  • Product Type Outlook (Revenue, USD Billion, 2018 - 2030)

    • Personal & Beauty Care

    • Apparels

    • Accessories

    • Home Products

    • Health Supplements

    • Food & Beverage

    • Others

  • Platform/Sales Channel Outlook (Revenue, USD Billion, 2018 - 2030)

    • Video Commerce (Live stream + Prerecorded)

    • Social Network-led Commerce

    • Social Reselling

    • Group Buying

    • Product Review Platforms

  • Region Outlook (Revenue, USD Billion, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Rest of Europe

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • Indonesia

      • Singapore

      • South Korea

      • Thailand

      • Philippines

      • Vietnam

      • Malaysia

      • Rest of Asia Pacific

    • Latin America

      • Brazil

      • Mexico

      • Rest of Latin America

    • Middle East & Africa (MEA)

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