Press release
According to the Estimates of PayNXT360, the Social Commerce Industry in the Philippines is Expected to Increase From US$681.6 million in 2022 to Reach US$2,744.5 million by 2028| Ecommerce Industry Market Size and Future Growth Dynamics by Key Performanc
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 26.7% during 2022-2028. The social commerce GMV in the country will increase from US$681.6 million in 2022 to reach US$2,744.5 million by 2028.
In the midst of the growing number of consumers flocking to social media platforms to discover and purchase products from social networking sites, the social commerce industry is gaining increasing ground on traditional e-commerce channels and physical retail outlets in the Philippines. The sheer amount of time spent by consumers, especially younger generations, on social networking platforms is making social commerce one of the fastest-growing trends in the Philippines.
Scope
This report provides in-depth, data-centric analysis of social commerce in Philippines. Below is a summary of key market segments:
Philippines Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
Philippines Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
• Philippines Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2019-2028
--Clothing & Footwear
--Beauty and Personal Care
--Food & Grocery
--Appliances and Electronics
--Home Improvement
--Others
• Philippines Social Commerce Industry Market Size and Forecast by End Use Segment, 2019-2028
--B2B
--B2C
--C2C
• Philippines Social Commerce Industry Market Size and Forecast by End Use Device, 2019-2028
--Mobile
--Desktop
• Philippines Social Commerce Industry Market Size and Forecast by Location, 2019-2028
--Domestic
--Cross Border
• Philippines Social Commerce Industry Market Size and Forecast by Location, 2019-2028
--Tier-1 Cities
--Tier-2 Cities
--Tier-3 Cities
• Philippines Social Commerce Industry Market Size and Forecast by Payment Method, 2019-2028
--Credit Card
--Debit Card
--Bank Transfer
--Prepaid Card
--Digital & Mobile Wallet
--Other Digital Payment
--Cash
• Philippines Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour,2021
--By Age
--By Income Level
--By Gender
To get detailed insights and FREE sample report please click here @
https://www.paynxt360.com/report-store/view/philippines-social-commerce-market-1379
Reason to buy
• In-depth Understanding of Social Commerce Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).
• Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate social commerce strategy; assess market specific key trends, drivers, and risks in the industry.
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PayNXT360 is a strategy research and consulting firm providing a business intelligence on BNPL, prepaid cards, digital & mobile wallets, embedded finance, digital lending, remittance, and innovative payment solutions. Through exhaustive databases and in-depth analyst reports, we offer detailed and unbiased insights into emerging opportunities and risks across global markets. For more information, please visit our website www.paynxt360.com
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