Social Commerce in 2024: Top Platforms, Trends, & Stats – eMarketer

New data sets, deeper insights, and flexible data visualizations.
In-depth analysis, benchmarks and shorter spotlights on digital trends.
Interactive projections with 10k+ metrics on market trends, & consumer behavior.
Proprietary data and over 3,000 third-party sources about the most important topics.
Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce.
Client-only email newsletters with analysis and takeaways from the daily news.
Exclusive time with the thought leaders who craft our research.
TikTok Shop joins the social commerce boom but Meta is still on top
Sign up for the EMARKETER Daily Newsletter
The merging of shopping and social media is more than a trend; it’s a response to evolving consumer behavior. Social commerce is fueled by the significant amount of time that consumers spend on social media—US adults will spend 11.4% of their total daily media time and 17.9% of their digital media time with social platforms in 2024, per EMARKETER’s June 2023 forecast. 
With social commerce, every interaction on social platforms like TikTok, Facebook, and Instagram is a revenue-driving opportunity without the friction of leaving that digital environment. 
In this guide, we’ll explore the state of social commerce, examining the most popular platforms so retailers and advertisers can make the most of this dynamic digital shopping journey.

Social commerce fuses social media with ecommerce, allowing purchases to be made directly within a social platform. Social commerce enables consumers to not only discover products and engage with a brand’s greater community, but also to shop from brands without switching platforms and disrupting the customer experience. 
For marketers, the ability to advertise and sell in the same space streamlines the buying journey and gives them access to a host of benefits, including direct access to customers, more transparent return on ad spend, and new opportunities to take advantage of peer recommendations and the creator economy.
Social commerce thrives on inspiration, trends, and generating demand for products users may not have considered. Unlike ecommerce, where people often shop with specific products in mind, social commerce excels in promoting discretionary items like fashion and beauty products.
Although early social commerce adopters have included younger generations who are more comfortable with navigating digital spaces, older generations are also embracing it as social media platforms become more user-friendly. 
Swayed by endorsements, peer reviews, and social connections, shoppers who follow influencers also make up a large social commerce audience. 
Major social media platforms have evolved, seamlessly integrating commerce into their core experience. These platforms have not only redefined manners of social interaction—they’ve also established themselves as modern digital storefronts. 
Facebook leads with the largest number of social commerce buyers, expected to reach 64.6 million in 2024, according to a September 2023 EMARKETER forecast. Its massive user base allows brands to reach a diverse, global audience, while extensive storefront features and insights-collecting capabilities add to a competitive ecosystem for online shopping. 
Facebook Marketplace is a dedicated platform for buying and selling secondhand items. Although the platform allows businesses to sell products and place ads, its roots are in local, community-based listings. Marketplace is a major reason why Facebook has such a strong lead in social commerce. In fact, Instagram would take the top spot with the biggest social buyer audience among platforms if Marketplace was excluded from social commerce data, according to third-party research cited in EMARKETER’s Social Commerce Forecast 2023 report. 
Unlike the peer-to-peer nature of Facebook Marketplace, Facebook Shops enables businesses to set up digital storefronts, where customers can explore and purchase products without leaving the platform. 
The storefront functionality allows richer product catalogs, visuals, and descriptions. For immersive, customizable experiences, businesses can also showcase featured products, seasonal collections and launches, promotions, and bundles.
In 2024, Instagram will see 46.8 million US social buyers, per EMARKETER’s September 2023 forecast.
At its core is Instagram Shopping, which allows businesses to tag products in their posts and stories. When users click on a tagged item, they can view product details, prices, and a direct link to make a purchase.
Instagram and Facebook parent Meta is mandating all Meta Shops in the US to use Checkout on Facebook and Instagram in 2024. While frustrations have arisen regarding the in-app checkout tool’s effectiveness among both sellers and buyers, Meta is pushing forward as a way to compensate for the losses incurred due to iOS 14.5 changes, which reduced access to tracking data for advertisers and publishers. By making Checkout mandatory, Meta aims to boost adoption, particularly on Instagram, which plays a vital role in social commerce strategies. This move will also limit consumers’ options, as they won’t have the choice to complete their purchases on a retailer’s website.
With its Gen Z stronghold, the TikTok user base alone—which passed 100 million in the US in 2023 (102.3 million), according to EMARKETER’s May 2023 forecast—is enough to make it a competitive social commerce platform. We predict TikTok will reach 107.8 million users in 2024. In 2023, 35.3 million of those users were social buyers; during that time, TikTok gained more shoppers (11.6 million) than the net increase of Facebook, Instagram, and Pinterest combined (6.4 million), per a September 2023 EMARKETER forecast. We predict TikTok will continue adding social buyers in 2024, reaching 40.7 million. 
However, uncertainty looms over the viability of the platform’s integrated commerce solution, TikTok Shop, given the slow adoption by US merchants, lukewarm reception to live shopping, and a potential nationwide ban.
TikTok Shop enables brands and creators to offer products directly to their viewers. Starting from short videos or livestreams, TikTok Shop aims to own the full buyer journey. A standout feature is the ability for users to consolidate products from various brands into a single cart and finalize their purchase without navigating away from the app.
The shopping service’s US journey seems to have encountered early turbulence:
Continued growth for social shopping is on the horizon, with sales growing well into the double digits through the end of EMARKETER’s forecast period in 2027. Although converting non-buyer social media users into buyers is becoming more challenging, the overall landscape remains robust. One significant trend is the increasing spending per buyer, which is expected to nearly double between 2023 and 2027, per an October 2023 EMARKETER forecast. This is expected to drive most of the sales growth, rather than the acquisition of new buyers.
Consumers aren’t sold yet on social commerce.
Still, social commerce is on an upward trajectory. 
The rise in new buyers is only marginally ahead of the growth in the total social media user population, resulting in a relatively consistent percentage of users engaging in purchasing activities, holding steady at around 50% through 2027, per a September 2023 forecast.
User-generated content (UGC) and influencer marketing are two effective strategies that brands can harness to connect with consumers authentically.
UGC is generally created by consumers, showcasing their experiences without direct brand involvement, whereas influencer marketing involves brand collaboration and incentives to ensure the content aligns with the correct messaging and goals.  
UGC is a powerful tool that taps into authenticity and trust. Forty-six percent of US consumers are more likely to trust a brand if an online content creator they trust has reviewed it, according to a November 2022 Deloitte survey. Encouraging users to create and share content featuring their experiences with products or services cultivates a sense of community and credibility. 
Brands can initiate UGC campaigns, prompting customers to share testimonials, unboxing videos, or creative uses of their purchases. By showcasing real-life experiences, UGC bolsters brand authenticity, fosters engagement, and influences potential buyers’ perceptions positively. Additionally, reposting and engaging with UGC amplifies brand reach while nurturing a loyal and involved customer base.
From large, well-known influencers with massive followings to micro-influencers with niche communities, choosing the right person to vouch for your brand can bolster your social commerce investments. 
Collaborating with influencers allows brands to tap into their audience and leverage their credibility. Influencers create engaging content, seamlessly integrating product endorsements or reviews into their posts, stories, or videos. These endorsements often resonate deeply with their audience, establishing trust and driving purchasing decisions. 
Tech innovations, immersive experiences, and retailer collaborations will present new opportunities in the social commerce space.
Social platforms are taking advantage of AI to enhance the user experience and streamline product discovery. TikTok’s product identification feature, now in its testing phase, uses AI to suggest similar or relevant items available on its ecommerce marketplace. This new shoppable feature to non-shopping content is TikTok’s attempt at fully embedding commerce into the in-app experience.
Events help bridge the gap between the real world and social media, and can help drive user engagement and sales. The Pinterest Predicts pop-up event held in New York City in December 2023 brought to life its anticipated trends, allowing users to draw inspiration for the year ahead and, more importantly, shop. 
Retailers are also getting behind social commerce, partnering with streaming platforms to have their products in front of new audiences. Walmart’s holiday-themed romantic comedy “Add to Heart” is its first shoppable video series. Available on Roku, TikTok, and YouTube, the 23-part series integrates 330 shoppable products throughout its plot, creating a new avenue for Walmart to connect with consumers through content. 
Want more marketing insights?
Sign up for EMARKETER Daily, our free newsletter.
By clicking “Sign Up”, you agree to receive emails from EMARKETER (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time.
Thank you for signing up for our newsletter!
One Liberty Plaza9th FloorNew York, NY 100061-800-405-0844


Leave a Reply

Your email address will not be published. Required fields are marked *