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

Social Commerce Market Size, Share & Trends Analysis Report By Business Model (B2C, B2B, C2C), By Product Type (Personal & Beauty Care), By Platform/Sales Channel, By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-4-68039-318-0
  • Number of Pages: 109
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2020
  • Industry: Technology

Report Overview

The global social commerce market size was valued at USD 584.91 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 30.8% from 2022 to 2030. Increased average time spent on social media platforms during a pandemic and the convenience of buying products online has facilitated market growth. The pandemic has highlighted the importance of staying connected and has enforced us to adapt and connect in new ways. By letting the customer checkout directly through social media platforms, social commerce eliminates excessive steps and helps streamline the buying process. As a result, the market is likely to gain traction owing to the growing inclination towards ease of product discovery and checkout. Moreover, a rising number of potential buyers from different social media platforms such as Facebook, Pinterest, Snapchat, and Instagram is also expected to support the market growth.

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

Social commerce, the use of a social media platform to drive and/or process online purchases, has led to new forms of shopping in collaboration with virtual environments. The convergence of content sharing, shopping, 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 a high level of impulse buying, especially amongst the millennials and Gen Z has created huge potential for several brands/sellers to increase their sales and attract 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 top-of-mind 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 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 the Millennials and Generation Z, with over 60% more prone to purchase on a social media platform when given the opportunity.

The COVID-19 pandemic 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 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 the market growth. While advances in technology bode well with the market, any misuse of customer data can lead to financial and personal losses. Social media users are apprehensive about illegal access to the data as many social media sites are not shielded against the risk of cyberattacks. Security concerns are expected to be short-term as retailers/vendors are working collectively with third-party payment platforms to offer a safer and secure payment environment to consumers. Therefore, long-term issues about data privacy are expected to be resolved in the near future.

Business Model Insights

Based on the business model, the market is segmented into Business to Business (B2B), Business to Consumer (B2C), and Consumer to Consumer (C2C). The B2C segment dominates with a market share of 54.4% in 2021 and is expected to grow at a significant growth rate during the forecast period. Factors such as the shift in consumer mindset and rising digitization 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 24.0% during the forecast period. C2C business model refers to websites that act as an intermediary 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 particular requirements of customers. WeChat Business is one of the most recent mobile social network businesses that utilizes business friendships and relationships to maintain customer relationships.

Platform/Sales Channel

Based on platform/sales channel, the market is segmented into Video Commerce (Live stream + Pre-recorded), Social Network-led Commerce, Social Reselling, Group Buying, and Product Review Platforms. Video Commerce dominated the market with a share of 41.8% in 2021. The segment is expected to witness considerable growth, expanding at a CAGR of 32.9% 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 2020, Walmart piloted a live shopping event on TikTok that allowed the company to add nearly 25% to its TikTok follower base. 

Live–selling 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 segment growth.

Product Type Insights

In 2021, the apparel segment led the market, accounting for a revenue share of 23.0%. 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 shopping online, spending and exploring maximum time online and on different social commerce sites, fashion retailers discovered ways to develop new types of shopping experiences, engage influencers/creators, and connect in new ways. For instance, Express, a U.S.-based fashion retailer empowered 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, 2021 (%)

The personal and beauty care segment is estimated to grow at the highest CAGR of over 30.0% during the forecast period. Shoppers choose online buying for these products as there is no need to touch such products, and they have a clear understanding of what users will get after buying. 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 the 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 69.5% market share in 2021 and 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 favors regional market growth.

North America emerged as the second-largest market and is expected to grow at a significant CAGR of nearly 25.0% 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, with a difference in consumer attitudes and behavior toward social media consumption, digital shopping, payments, and online privacy as well. According to GWI, 51% of consumers in the U.K. and U.S. use YouTube to find products and further research to buy in 2020.

Key Companies & Market Share Insights

Companies engage in organic and inorganic growth strategies such as product/solution launch & developments, mergers & acquisitions, geographical expansion, and partnerships to stay afloat in the competitive market scenario. For instance, in April 2021, Pinterest partnered 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, Italy, Australia, France, Brazil, Germany, 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 2022

USD 727.63 billion

Revenue forecast in 2030

USD 6.2 trillion

Growth rate

CAGR of 30.8% from 2022 to 2030

Base year for estimation


Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Billion and CAGR from 2022 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; Rest of Europe; China; India; Japan; Australia; Indonesia; Singapore; South Korea; Thailand; Philippines; Vietnam; Malaysia; Rest of Asia Pacific; Brazil; Mexico; 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.


Segments Covered in the Report

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

  • 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)

Frequently Asked Questions About This Report

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member

D&B icon

Leading SME award by D&B

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon