Social commerce to surpass 100 million US buyers

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This year, 102.6 million people will buy via social platforms in the US. That’s up just 5.9% from last year, following double-digit growth that’s persisted since we began tracking this metric, in 2016.

Beyond the chart: Facebook and Instagram will remain the biggest US platforms for social commerce this year, attracting 61.9% and 40.0% of buyers, respectively.

About 40% of social buyers are ages 18 to 34. Younger consumers are more likely to use TikTok, which will help propel the platform to third place with a 23.1% share.

More like this:

• Report: Social Commerce Forecast 2022
• Article: TikTok reverses course, will offer live shopping in the US
• Article: LTK wants a bigger piece of the social commerce pie

Read yesterday’s Chart of the Day here.

Methodology: Estimates are based on the analysis of data from other research firms and government agencies, historical trends, reported and estimated revenues from major online retailers and social network companies, consumer online buying trends and macro-level economic conditions.