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United Kingdom Social Commerce Market 2022-2028: Global E-commerce Platforms are Acquiring Homegrown Social Commerce Sites to Increase Customer BaseDUBLIN, July 1, 2022 /PRNewswire/ -- The "United Kingdom Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2022 Update" report has been added to ResearchAndMarkets.com's offering. Around 80% of consumers in the United Kingdom used social media platforms for shopping in 2021, resulting from the blending of the mature e-commerce market in the country with rising social media adoption among the consumers. Consequently, with the burgeoning social commerce market in the United Kingdom, more social media platforms will increasingly see the launch of in-app check-out options, either standalone or in collaborations. The publisher expects start-ups and retailers will inject social commerce strategy into their business models, providing impetus to the growth of the overall market in the country over the next two to three years. Key findings:
Fashion retailers are entering into the social commerce space of the United Kingdom According to recent survey, nearly 25% of the shoppers purchased apparel, 20% of shoppers purchased beauty products, and around 19.5% of shoppers bought home electronics through social commerce in the United Kingdom. Notably, more than 50% of the population in the country depends on social commerce for buying fashion products. Consequently, more and more fashion retailers are entering this space to reach out directly to the customers and also prospective customers, where they spend maximum time. Startups are building innovative social commerce platforms to attract investment With the booming social commerce market, startups are developing inovative social commerce tools to attract investors and expand their market share in the United Kingdom.
Global e-commerce platforms are acquiring homegrown social commerce sites to increase customer base in the United Kingdom Large young consumers aged between 18 to 28 years are the primary consumers for social commerce and driving the market in the United Kingdom. Consequently, with rising opportunities in the market, global e-commerce platforms are showing interest in entering the country's social commerce market to scale up their business.
Leading social commerce companies are integrating in-app checkout options to attract consumers in the United Kingdom The surge in the social shopping market has attracted social media platforms to develop new tools and features in order to provide seamless checkout experiences to customers.
The report provides in-depth, data-centric analysis of social commerce in United Kingdom. Below is a summary of key market segments: United Kingdom Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028 United Kingdom Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2019-2028
United Kingdom Social Commerce Industry Market Size and Forecast by End Use Segment, 2019-2028
United Kingdom Social Commerce Industry Market Size and Forecast by End Use Device, 2019-2028
United Kingdom Social Commerce Industry Market Size and Forecast by Location, 2019-2028
United Kingdom Social Commerce Industry Market Size and Forecast by Location, 2019-2028
United Kingdom Social Commerce Industry Market Size and Forecast by Payment Method, 2019-2028
United Kingdom Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour,2021
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