US social commerce sales are set to spike in 2024, with TikTok Shop propelling both buyer and spending growth. Looking ahead, Amazon’s ad alliances with Meta, Snap, Pinterest, and TikTok will drive further sales, indicating that retail media and social commerce are starting to converge.
Key Question: What is the outlook for social commerce in the US in 2024 and beyond?
Key Stat: In 2024, for the first time, TikTok will have a higher percentage of US users who are buyers than any other platform, at 43.8%.
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