Digital Marketing In The Fast Fashion Industry Statistics
Fast fashion grows fast; digital marketing scales via TikTok, video, mobile, personalization, automation.
Fast fashion is exploding into a USD 70.4 billion global industry, projected to climb to USD 116.8 billion by 2030, and with TikTok, Instagram, email, and mobile shopping already reshaping how people discover and buy, digital marketing has become the make-or-break strategy for brands trying to keep up.
Executive Summary
Key Takeaways
- 01
2023 global fast fashion market size was valued at USD 70.4 billion
- 02
The same report projected the fast fashion market would grow from USD 70.4 billion in 2023 to USD 116.8 billion by 2030 (CAGR 7.6%)
- 03
The fast fashion market is forecast to reach USD 110.2 billion by 2028 with a CAGR of 8.2% (from USD 67.6 billion in 2022)
- 04
In 2024, “TikTok Shop” was stated to account for 5% of UK retail industry sales (estimate)
- 05
TikTok had 150 million monthly active users in the US in 2023
- 06
Instagram reached 2 billion monthly active users globally in 2023
- 07
The average conversion rate for fashion e-commerce sites is 2.3%
- 08
The average email open rate across industries is 21.3%
- 09
The average email click-through rate across industries is 2.6%
- 10
49% of consumers make purchases influenced by influencer content
- 11
63% of marketers plan to increase influencer marketing spend in 2024
- 12
78% of consumers say they have used social media to make purchase decisions
- 13
54% of consumers want to see more video content from brands
- 14
88% of marketers say video helped increase traffic
- 15
84% of marketers say video directly helped increase sales
Section 01
Content Marketing & Creative
54% of consumers want to see more video content from brands [1]
88% of marketers say video helped increase traffic [1]
84% of marketers say video directly helped increase sales [1]
81% of marketers say they use email marketing [2]
74% of marketers say they believe personalization can improve customer engagement [3]
51% of consumers expect companies to deliver personalized experiences [4]
91% of consumers say they are more likely to shop with brands that provide relevant offers and recommendations [5]
78% of consumers want brands to understand their needs and expectations [6]
Net-a-Porter (luxury) had 22 million customers? (exclude—unverified) [7]
Section 02
Influencer Marketing & Social Proof
49% of consumers make purchases influenced by influencer content [8]
63% of marketers plan to increase influencer marketing spend in 2024 [9]
78% of consumers say they have used social media to make purchase decisions [10]
90% of Instagram accounts follow at least one business [11]
40% of consumers rely on product reviews to guide purchases [12]
80% of consumers say they trust online reviews as much as personal recommendations [12]
Section 03
Market Size & Growth
2023 global fast fashion market size was valued at USD 70.4 billion [13]
The same report projected the fast fashion market would grow from USD 70.4 billion in 2023 to USD 116.8 billion by 2030 (CAGR 7.6%) [13]
The fast fashion market is forecast to reach USD 110.2 billion by 2028 with a CAGR of 8.2% (from USD 67.6 billion in 2022) [14]
E-commerce accounted for 19.7% of global retail sales in 2021 and 22% in 2023 (forecast) [15]
Global e-commerce sales reached USD 5.2 trillion in 2023 [16]
In the US, e-commerce sales were projected to reach USD 1.3 trillion in 2024 [17]
In the UK, e-commerce sales were projected to reach GBP 125 billion in 2024 [18]
In France, e-commerce sales were projected to reach EUR 132.5 billion in 2024 [19]
In Germany, e-commerce sales were projected to reach EUR 83.7 billion in 2024 [20]
In India, e-commerce sales were projected to reach USD 105.1 billion in 2024 [21]
Fast fashion’s online share increased with e-commerce acceleration; global online apparel sales reached about USD 801.3 billion in 2022 [22]
Online apparel sales were projected to reach about USD 1,009.3 billion by 2026 [22]
US apparel and footwear e-commerce sales were about USD 93 billion in 2020 [23]
UK online clothing sales were around GBP 32.1 billion in 2022 [24]
Germany online apparel sales were around EUR 20.4 billion in 2022 [25]
France online fashion sales were around EUR 19.6 billion in 2022 [26]
Spain online apparel sales were around EUR 5.9 billion in 2022 [27]
Italy online apparel sales were around EUR 9.8 billion in 2022 [28]
Section 04
Marketing Automation & CRM
34% of marketers use marketing automation [29]
61% of B2B marketers use marketing automation (penetration) [30]
75% of companies are likely to increase their marketing automation budget in 2024 [31]
40% of marketers say automation improves personalization [32]
47% of marketers say automation helps them increase leads [30]
54% of marketers say automation improves customer engagement [33]
37% of marketers use CRM to track customer interactions [34]
50% of companies use a customer data platform (CDP) by 2024 (estimate) [35]
Section 05
Mobile & App Marketing
26% of shoppers said they are more likely to buy from a retailer with good mobile experience [36]
56% of shoppers are more likely to buy from a brand with a mobile-friendly website [37]
60% of internet users access websites via mobile [38]
Mobile devices generated 54.8% of global web traffic in 2023 (median) [39]
61% of US online shoppers use mobile for product research [40]
25% of fashion consumers use mobile to shop weekly [40]
Section 06
Omnichannel & Speed-to-Market
Fast fashion companies often have “short lead times”; Zara’s lead time is reported as around 24–72 hours (design to store) [41]
Zara can move a design from concept to store in as little as two weeks [42]
H&M replenishment can be weekly; reported store delivery cycles are often around 2–3 weeks [43]
Shein’s reported supply-chain cycle is as short as 1–2 weeks (from trend to listing) [44]
Customers can order online and pick up in-store the same day at many retailers; reported same-day availability is 38% among large retailers [45]
60% of shoppers expect seamless omnichannel experiences [46]
73% of shoppers use multiple channels during their shopping journey [47]
40% of shoppers expect to be able to use promotions across channels [48]
Section 07
Paid Media & Budget Allocation
3.6% average paid search click-through rate across industries (search ads) [49]
1.91% average paid search conversion rate (search ads) [49]
2.0% average display ads click-through rate (industry average) [50]
7.9% of display ads are viewed (viewability rate) (benchmark) [51]
Programmatic advertising makes up 90% of display ad spend in the US [52]
Retail media ad spend in the US was projected to reach USD 44.5 billion in 2024 [53]
Amazon’s retail media platform contributed USD 37.7 billion in 2023 US (estimate) [54]
“TikTok Ads” CPM benchmark for apparel/fashion is around USD 6–10 (range) [55]
“Meta” average CPM is USD 7.19 in 2024 (benchmark) [56]
“Google Ads” average CTR is 3.17% in 2024 (benchmark) [57]
Section 08
Performance Metrics (CRO/ROI)
The average conversion rate for fashion e-commerce sites is 2.3% [58]
The average email open rate across industries is 21.3% [59]
The average email click-through rate across industries is 2.6% [59]
The average SMS marketing click-through rate is 6% [60]
60% of marketers say their top social media challenge is proving ROI [61]
45% of marketing teams measure social media ROI quarterly [62]
38% of marketers report measuring ROI monthly [62]
77% of marketers say they track conversions from social media [62]
53% of marketers say they run A/B tests [63]
34% of US shoppers abandon carts due to slow or difficult checkout [64]
56% of online shoppers abandon carts if shipping costs are too high [65]
The average cart abandonment rate is 70% (ecommerce general) [65]
20% of users never return to a site after a poor experience [66]
47% of consumers expect their experience to be improved with personalization [67]
41% of online shoppers only shop with brands that have clear, transparent policies (returns/shipping) [68]
33% of shoppers expect free shipping [69]
66% of shoppers say they would leave a website that is hard to use [12]
Section 09
Personalization & Targeting
72% of shoppers say they only engage with personalized marketing messages [70]
74% of marketers use customer data for personalization [71]
33% of marketers say real-time personalization is very important [72]
82% of consumers say they are willing to share data if it helps deliver personalized experiences [73]
35% of consumers have unsubscribed from emails due to irrelevant content [74]
59% of marketers consider segmentation very important [75]
49% of consumers want more personalized offers [76]
58% of consumers have made purchases based on personalized ads [4]
Section 10
Platform Usage & User Behavior
In 2024, “TikTok Shop” was stated to account for 5% of UK retail industry sales (estimate) [77]
TikTok had 150 million monthly active users in the US in 2023 [78]
Instagram reached 2 billion monthly active users globally in 2023 [79]
Facebook had 3.07 billion monthly active users globally in 2023 [80]
YouTube reached 2.5 billion monthly logged-in users globally (2023) [81]
65% of people used social media to browse for products weekly [82]
55% of consumers say they have bought something via social media [83]
47% of consumers discover new brands on TikTok [84]
33% of TikTok users said they make purchases after viewing videos [85]
73% of marketers use social media for marketing [86]
References
Footnotes
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- 2hubspot.com×3
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- 6deloitte.com
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- 8demandgenreport.com
- 9emarketer.com×5
- 10sproutsocial.com×2
- 11facebook.com
- 12brightlocal.com
- 13globenewswire.com
- 14thebusinessresearchcompany.com
- 16shopify.com×2
- 17statista.com×15
- 31g2.com
- 32epsilon.com
- 33campaignmonitor.com×2
- 35gartner.com
- 36thinkwithgoogle.com×2
- 37killerstartups.com
- 41hbr.org
- 42bain.com×2
- 43mckinsey.com
- 44reuters.com
- 45digitalcommerce360.com
- 47oberlo.com
- 49wordstream.com×4
- 51iab.com
- 55lyfemarketing.com
- 58crazyegg.com
- 59mailchimp.com×2
- 62socialinsider.io
- 63optimizely.com
- 64nngroup.com
- 65baymard.com
- 66pwc.com
- 68www
- 69stlouisfed.org
- 74sailthru.com
- 76accelerate.com
- 77ofcom.org.uk
- 78businessofapps.com
- 79backlinko.com×3
- 82pewresearch.org
- 84businessinsider.com×2