Philippines’ Social Commerce Market Set to Surge, Aiming for $2.42 Billion GMV by 2028 with a 20.4% CAGR – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Philippines 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 – Q2 2023 Update” report has been added to ResearchAndMarkets.com’s offering.

The social commerce industry in the Philippines is poised for significant growth, with expectations to reach US$0.96 billion in 2023, according to this report.

The report anticipates steady expansion in the social commerce sector in the Philippines, projecting a Compound Annual Growth Rate (CAGR) of 20.4% from 2023 to 2028.

By 2028, the Gross Merchandise Value (GMV) in the Philippines’ social commerce market is predicted to reach US$2.42 billion.

This comprehensive report offers a data-centric analysis of the social commerce industry in the Philippines, providing insights into market opportunities and risks.

Featuring over 50 key performance indicators (KPIs) specific to the Philippines, the report offers a detailed understanding of market dynamics, size, forecasts, and market share statistics.

Scope

The report covers various aspects of the social commerce industry in the Philippines, including:

1. Market Size and Growth Dynamics: Analyzing the growth trajectory of both e-commerce and social commerce industries in the Philippines from 2019 to 2028.
2. Retail Product Categories: Providing market size and forecasts for social commerce in various retail product categories, including clothing & footwear, beauty and personal care, food & grocery, appliances and electronics, home improvement, travel, and hospitality.
3. End Use Segments: Segmenting the social commerce market by end use, including B2B, B2C, and C2C.
4. End Use Devices: Analyzing market size and forecasts based on end-use devices, such as mobile and desktop.
5. Location: Examining the social commerce market based on location, including domestic and cross-border transactions, as well as tier-1, tier-2, and tier-3 cities.
6. Payment Method: Providing insights into payment methods used in social commerce transactions, including credit cards, debit cards, bank transfers, prepaid cards, digital and mobile wallets, other digital payments, and cash.
7. Platforms: Covering various social commerce platforms, including video commerce, social network-led commerce, social reselling, group buying, and product review platforms.
8. Consumer Demographics & Behavior: Analyzing consumer demographics and behavior, including age, income level, and gender.

Reasons to Buy

The report offers several compelling reasons for businesses and investors to consider:

1. Understanding Market Dynamics: Gain insights into market trends, opportunities, and forecasts in the Philippines’ social commerce industry.
2. Opportunity Assessment: Assess emerging opportunities across different end-use sectors within the social commerce market.
3. Market-Specific Strategies: Identify growth segments and formulate strategies to target specific opportunities in the social commerce industry, considering key trends, drivers, and risks.

For more information about this report visit https://www.researchandmarkets.com/r/i8kb2n.

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