For more insights and key statistics on the biggest trends in today’s most disruptive industries, subscribe to our Chart of the Day newsletter.
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:
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.