Marketers looking to reach US Gen Zers may want to be careful of overindexing on Instagram.
With 50 million Gen Z users, Instagram is only slightly ahead of Snapchat (49.6 million) and TikTok (49.1 million), and has a long way to go to close the gap with YouTube (61.8 million), according to our forecast.
Yet, ad spend paints a very different picture. This year, we expect US marketers to spend over nearly three and a half times more on Instagram ($30.14 billion) than YouTube ($8.17 billion) and TikTok ($8.66 billion) and more than 14 times Snapchat ($2.09 billion).
To understand, we need to look at how Gen Zers use the platforms.
“Messaging is becoming a really big part of social media as we post less in general and as people gravitate toward more private forms of communication,” said our analyst Minda Smiley on an episode of our “Behind the Numbers” podcast.
The opportunity: Although there are no ad placements within the messaging environment on Instagram, brands can still build an organic presence by engaging with customers or providing customer service through DMs.
“YouTube is the most popular platform for livestreams among this generation,” Smiley said.
The opportunity: Marketers looking to reach Gen Zers may want to explore livestream shopping because they are more receptive to the content than any other generation, per data from Bizrate Insights.
“TikTok is Gen Z's undisputed go-to for short-form video,” Smiley said. But the majority of Gen Zers have used copycat features, including Instagram Reels and YouTube Shorts, within the past month. “So it's a feature that TikTok owns, but has certainly found success on other platforms.”
The opportunity: Marketers shouldn’t discount the mass audience on YouTube Shorts or Instagram Reels. Short- and long-form videos can work in tandem for brands. Long-form videos can be cut into more digestible pieces on TikTok, for example, while short-form videos can be used to tease the full-length versions on YouTube.
This was originally featured in the eMarketer Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
First Published on Mar 1, 2024