DUBLIN, April 4, 2024 (GLOBE NEWSWIRE) — “Chile Social Commerce Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on Social Commerce Trends by End User Sector, Operational KPIs, Retail Products and Consumer Demographics – Q1 2024 Update report added. ResearchAndMarkets.com Recruitment.
Chile's social commerce industry is poised for significant growth, with annual growth of 23.9% and forecast to reach USD 1.27 billion in 2024. This progress is part of a broader trend and reveals the potential of the social commerce sector. As a fundamental element of the country's e-commerce environment.
The extensive report highlights that the Chilean social commerce industry is projected to have a compound annual growth rate (CAGR) of 19.3% from 2024 to 2029. By the end of this period, gross merchandise value (GMV) is expected to be higher than the US forecast. It will reach $1.03 billion in 2023 and $3.08 billion in 2029.
Sectoral insights
The detailed analysis covered in the report analyzes the industry performance and growth across various retail product categories including clothing & footwear, beauty & personal care, food & grocery, and several other key segments. is predicted.
Introduction of technology
This report consolidates the prevalence of mobile devices to predict the shift to mobile-enabled social commerce, while also providing insights into other end-use devices such as desktops. This shows that consumers are increasingly relying on technology to participate in social commerce platforms.
Consumer trends and payment preferences
This report provides a window into the future of social commerce in Chile by analyzing consumer demographics and behavior, observing notable trends by age, income level, and gender. Furthermore, we analyze consumer payment preferences and investigate the expected superiority of digital wallets and mobile wallets among other payment options.
strategy planning
Comprehensive data-centric analysis serves as an essential resource for stakeholders in the social commerce space, providing the information needed to develop informed strategies. Stakeholders are in a position to leverage this insight to target specific market opportunities and mitigate associated risks. Overall, this report synthesizes rich analysis and empirical data to provide an in-depth view of the Chilean social commerce landscape, helping stakeholders navigate the market with confidence and strategic insight. It embodies essential key indicators and indicators.
Key attributes:
| report attributes | detail |
| number of pages | 70 |
| Forecast period | 2024-2029 |
| Estimated market value in 2024 (USD) | $1.3 billion |
| Projected market value to 2029 (USD) | $3.1 billion |
| compound annual growth rate | 19.3% |
| Target area | Chile |
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For more information on this report, please visit https://www.researchandmarkets.com/r/bgdfp9.
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Chilean social commerce market
