Marketing In The Accessories Industry Statistics
With growing social reach but rising data concerns, accessories brands must market smarter and protect privacy to drive measurable ROI.
Marketing in the accessories industry is built on reach and relevance—from social platforms like Instagram, TikTok, and Facebook to retail e-commerce performance. But privacy expectations are reshaping targeting, with 79% of consumers concerned about data use and GDPR requiring a valid legal basis and consent. This page connects those realities to spend and measurement benchmarks, including influencer growth and ROI challenges, across a market forecast to keep accelerating.
Written byJannik LindnerCo-Founder, Rawshot.ai
Executive Summary
Key Takeaways
With growing social reach but rising data concerns, accessories brands must market smarter and protect privacy to drive measurable ROI.
Global Instagram users reached 2B in 2024
Share of U.S. adults who use Instagram was 43%
Share of U.S. adults who use TikTok was 27%
44% of consumers say they are willing to share data in exchange for a better personalized experience (survey)
79% of consumers are concerned about how companies use their personal data (survey)
68% of consumers say they expect companies to protect their personal data (survey)
The average fashion brand’s marketing spend as % of revenue is around 10% (benchmark)
The average marketing spend for luxury brands as % of revenue is about 8% (benchmark)
Top-performing brands allocate 15-20% of revenue to marketing (benchmark)
The global apparel, accessories and luxury goods market size was $437.8B in 2023; forecast to reach $762.0B by 2032
The global accessories market in 2023 was $119.2B; forecast to reach $163.1B by 2030
The global leather goods market size was $485.0B in 2023 and is projected to reach $1,189.7B by 2032
In 2023, influencer marketing spend in the U.S. was $5.0B
Global influencer marketing spending was $21.1B in 2023
The U.S. influencer marketing market size is forecast to reach $24.1B by 2025
Section 01
Audience & Consumer Behavior
Global Instagram users reached 2B in 2024 [1]
Share of U.S. adults who use Instagram was 43% [2]
Share of U.S. adults who use TikTok was 27% [2]
Share of U.S. adults who use Facebook was 69% [2]
Share of U.S. adults who use YouTube was 81% [2]
U.S. online shoppers who follow influencers were 33% (survey) [3]
Instagram’s ad engagement rate for fashion was 1.84% (benchmarked) [4]
TikTok user base globally reached 1B monthly active users (as reported by company) [5]
Share of consumers who say they have “made a purchase because of social media” was 54% [6]
Share of consumers who use social media for shopping was 40% [7]
Consumers who use mobile for shopping were 76% [8]
Mobile accounts for 66% of time spent on digital media (global) [9]
52% of consumers said they are more likely to purchase from brands that provide personalized recommendations [10]
80% of consumers said they trust recommendations from friends and family [11]
62% of consumers expect companies to understand their needs and preferences [12]
72% of consumers who did a search for something online visited a store [13]
49% of consumers discover new products via social media [14]
55% of consumers say they would rather buy from a brand they follow online [15]
46% of consumers use Instagram to research products [16]
60% of consumers want to see more video content from brands [17]
73% of shoppers use product reviews before making a purchase [18]
88% of consumers trust online reviews as much as personal recommendations [19]
45% of consumers will abandon purchases if an item is out of stock [20]
53% of consumers expect the same product availability online and in-store [21]
34% of shoppers say shipping cost is the biggest factor in deciding whether they buy online [22]
69% of consumers say they check product return policies before purchase [23]
35% of consumers say free shipping is the most effective promotion [24]
42% of consumers say loyalty programs influence their purchasing decisions [25]
61% of consumers prefer to redeem rewards in-app [26]
58% of consumers say sustainability impacts their purchasing decisions [27]
Section 02
Data, Attribution & Privacy
44% of consumers say they are willing to share data in exchange for a better personalized experience (survey) [28]
79% of consumers are concerned about how companies use their personal data (survey) [28]
68% of consumers say they expect companies to protect their personal data (survey) [29]
GDPR requires consent for processing personal data; legal basis is Regulation (EU) 2016/679 [30]
California Consumer Privacy Act (CCPA) effective date is 1 Jan 2020 and provides rights to know/delete; statute link [31]
Meta said app events measurement without cookies can improve conversion measurement by up to 17% (study) [32]
Apple’s App Tracking Transparency (ATT) requires user opt-in to track across apps; Apple documentation [33]
Google Privacy Sandbox will replace third-party cookies; timeline estimate (2023/2024) [34]
IAB TCF v2.2 supports consent string format; spec [35]
Share of companies using first-party data was 64% (survey) [36]
86% of marketers say privacy regulations are causing significant changes to their marketing measurement (survey) [37]
71% of consumers expect personalized ads to be based on their preferences (survey) [38]
61% of companies use customer data platforms (CDPs) in marketing (survey) [39]
Average time to implement a CDP is 8-12 months (benchmark) [40]
Google Analytics 4 has event-based tracking rather than sessions; GA4 docs [41]
GA4 property max data retention is 14 months by default and up to 26 months (settings) [42]
Meta CAPI (Conversions API) uses server-side events; Meta documentation [43]
Google Ads enhanced conversions can improve conversion tracking accuracy by using offline data; docs [44]
Enhanced Measurement in Google Analytics 4 automatically collects events; GA4 docs [45]
47% of marketers say attribution is becoming harder due to privacy changes (survey) [46]
64% of marketers are using first-party data strategies to manage privacy impact (survey) [47]
52% of consumers say they will pay more for brands that protect privacy (survey) [48]
50% of marketers use MMM for attribution (survey) [49]
Incrementality testing is used by 38% of marketers (survey) [50]
27% of retailers used customer data for personalization in 2023 (survey) [51]
Retailers using loyalty programs for first-party data reported improved repeat purchase rates by 15% (benchmark) [52]
33% of consumers say they stopped shopping with brands because of privacy concerns (survey) [53]
74% of consumers said they would like more control over their data (survey) [28]
63% of consumers want ad personalization but with transparency (survey) [54]
54% of consumers would be comfortable sharing data for a tailored shopping experience (survey) [55]
Section 03
Financials, Roi & Budget Allocation
The average fashion brand’s marketing spend as % of revenue is around 10% (benchmark) [56]
The average marketing spend for luxury brands as % of revenue is about 8% (benchmark) [57]
Top-performing brands allocate 15-20% of revenue to marketing (benchmark) [58]
In a Deloitte survey, 49% of marketers have difficulty measuring ROI on marketing spend [59]
In a Gartner survey, 70% of CMOs cite budget pressure as a top challenge [60]
ROI from influencer marketing was $5.78 per $1 spent (average) [61]
89% of marketers say influencer marketing is effective (survey) [62]
72% of marketers say content marketing increases engagement [63]
73% of B2B buyers say content impacts decisions [64]
For email marketing, average ROI is $36 per $1 spent [65]
In retail, marketing automation reduces acquisition costs by 12% (survey) [66]
Customer lifetime value increased by 20% with marketing analytics adoption (benchmark) [67]
Adobe reported that retailers using personalization saw 10-30% lift in conversion rates [68]
McKinsey reported personalization can deliver 5-15% profit increases [69]
Optimizely reported that A/B testing can increase conversion rates by up to 100% (benchmark) [70]
WordStream reported retailers’ average CPA is $25 (benchmark) [71]
For retail, the average CAC payback period is 3 months (benchmark) [72]
Bain reported that loyalty programs can increase profitability by 25-95% (depending on design) [73]
Harvard Business Review found increasing retention rates by 5% increases profits by 25-95% [74]
For loyalty programs, average redemption rate is around 60% (benchmark) [75]
In e-commerce, abandoned cart recovery emails can yield 2-5x revenue lift (benchmark) [76]
In Shopify reports, post-purchase emails can drive 20% of revenue (benchmark) [77]
In retail, Google Ads can generate 5.2x return (case study) [78]
In Meta case study, Advantage+ led to 10-20% lower CPA (benchmark) [79]
In TikTok case studies, Lift in ROAS by 30% (benchmark) [80]
In Pinterest case studies, branded searches increased by 33% (benchmark) [81]
In influencer marketing, 61% of marketers track ROI (survey) [82]
47% of marketers measure ROI “sometimes” (survey) [14]
29% of marketers do not measure ROI (survey) [14]
60% of marketers believe measurement is important (survey) [83]
Section 04
Market Size & Growth
The global apparel, accessories and luxury goods market size was $437.8B in 2023; forecast to reach $762.0B by 2032 [84]
The global accessories market in 2023 was $119.2B; forecast to reach $163.1B by 2030 [85]
The global leather goods market size was $485.0B in 2023 and is projected to reach $1,189.7B by 2032 [86]
The global footwear market size was $397.3B in 2023 and is expected to reach $588.0B by 2032 [87]
The global bags market size was $86.0B in 2023 and projected to reach $161.0B by 2032 [88]
The global jewelry market size was $432.3B in 2023 and projected to reach $1,035.2B by 2032 [89]
The global eyewear market size was $175.5B in 2023 and projected to reach $213.3B by 2032 [90]
The global watch market size was $95.0B in 2023 and projected to reach $170.0B by 2032 [91]
In the U.S., online sales of accessories (clothing & accessories category) were $70.5B in 2023 [92]
In the U.K., clothing and accessories e-commerce sales were £37.0B in 2023 [93]
In Germany, retail e-commerce sales for fashion (clothing and shoes) were €56.8B in 2023 [94]
In France, e-commerce spending for clothing and accessories was €24.6B in 2023 [95]
In Japan, apparel and accessories retail market value was ¥16.2T in 2022 [96]
In China, consumer spending on apparel and accessories was $176.0B in 2022 [97]
In India, consumer expenditure on garments and accessories was $92.0B in 2022 [98]
Global online retail sales were expected to reach $6.3T in 2024 [99]
U.S. e-commerce sales reached $1.1T in 2023 [100]
Share of consumers who purchased fashion online in the last 12 months was 74% (global average) [101]
Global digital ad spend was expected to reach $645B in 2024 [102]
Global social media advertising revenue was projected to reach $177B in 2024 [103]
The global market for luxury goods was $1.4T in 2023 [104]
Bain & Company reported the global personal luxury goods market at €353B for Q1 2024 [105]
McKinsey reported that in 2021, 60% of luxury shoppers made purchases online [106]
Accenture reported that consumers value product discovery on digital channels with 70% using online sources before buying [107]
Deloitte reported that 47% of consumers in a global survey said they shop for apparel/accessories online at least once a month [108]
Euromonitor (via report excerpt) estimated growth in global beauty and accessories-related spending of 8% CAGR 2019-2024 [109]
The global consumer goods market for jewelry accessories was estimated at $432.3B in 2023 (as per market analysis) [89]
The global fashion accessories market was valued at $120B in 2022 [110]
The U.S. consumer spending on jewelry and watches was $39.9B in 2023 [111]
The U.S. consumer spending on handbags and wallets was $20.4B in 2023 [112]
Section 05
Marketing Channels & Spend
In 2023, influencer marketing spend in the U.S. was $5.0B [113]
Global influencer marketing spending was $21.1B in 2023 [114]
The U.S. influencer marketing market size is forecast to reach $24.1B by 2025 [115]
TikTok ad revenue grew to $1.7B in 2023 in the U.S. (estimate) [116]
Meta ad revenue was $134.9B in Q1 2024 [117]
Google advertising revenue was $59.6B in Q1 2024 [118]
Amazon advertising revenue was $11.4B in Q1 2024 [119]
Retail media advertising spend in the U.S. reached $42.8B in 2023 [120]
Retail media ad spend in the U.S. was forecast to reach $61.2B by 2024 [121]
U.S. digital display ad spending was $64.6B in 2023 [122]
U.S. search ad spending was $122.8B in 2023 [123]
U.S. social media ad spending was $46.3B in 2023 [124]
U.S. email marketing spending was $6.2B in 2023 (estimate) [125]
Marketing spend on SMS in the U.S. reached $1.2B in 2023 (estimate) [126]
Influencer marketing is expected to account for 25% of all marketing budgets by 2024 (survey) [127]
Live commerce users reached 560M worldwide in 2023 [128]
Global live shopping market size was $344.0B in 2022 [129]
U.S. retail media network spend via Amazon was $9.7B in 2023 [130]
Pinterest ad revenue was $1.2B in 2023 (company estimate) [131]
Snap ad revenue was $1.6B in 2023 (company estimate) [132]
YouTube advertising revenue was $31B in 2023 (estimate) [133]
Twitter/X ad revenue was $4.5B in 2023 (estimate) [134]
Programmatic display ad spend in the U.S. was $57.0B in 2023 (estimate) [135]
Digital video ad spending in the U.S. was $31.3B in 2023 (estimate) [136]
Connected TV (CTV) ad spending in the U.S. was $32.4B in 2023 (estimate) [137]
OTT ad spending in the U.S. reached $46.3B in 2023 (estimate) [138]
Web traffic share from mobile devices was 58% in 2023 (global average) [139]
Share of marketing budgets allocated to digital was 66% in 2023 (survey) [140]
In 2023, eMarketer estimated U.S. influencer marketing spend at $3.0B (note: dataset) [141]
In 2023, U.S. affiliate marketing spending was $8.2B (estimate) [142]
Section 06
Performance & Conversion
The average conversion rate for online fashion retail is 2.5% [143]
The average click-through rate for display ads is 0.46% (Google/Campaign benchmark) [144]
The average CTR for search ads is 3.17% [145]
The average conversion rate for retail e-commerce is 1.4% (industry average) [146]
Email marketing yields an average ROI of $36 per $1 [147]
Average email open rate across industries is 21.33% [148]
Average email click-through rate is 2.62% [148]
Average SMS marketing open rate is 98% [149]
Average SMS conversion rate is 5% [150]
Paid search drove 50% of traffic for e-commerce leaders (survey) [151]
Retargeting can increase conversion rates by 150% (benchmark) [152]
The average cart abandonment rate for e-commerce is 70.19% [153]
The average checkout abandonment rate is 69.23% [153]
83% of marketers say personalization increases revenue [154]
44% of shoppers are likely to return to a site after a personalized experience [155]
15% average lift in revenue from using product recommendations [156]
Average ROAS for influencer campaigns in fashion is 5x (benchmark) [157]
The average cost per click (CPC) on Google Ads in fashion retail is $1.50 [158]
The average cost per lead (CPL) for e-commerce is $10.00 [159]
Average CPM for social ads is $10.12 [160]
TikTok ads average CTR is 1.1% [161]
Pinterest ads average CTR is 0.85% [162]
Meta (Facebook/Instagram) ads average CTR is 0.9% [163]
Google Shopping ad conversion rate average is 1.6% (benchmark) [164]
The average conversion rate from influencer posts is 2.3% (industry benchmark) [165]
31% of consumers purchase after seeing a retargeted ad (survey) [166]
Dynamic product ads can lift conversions by 2x (benchmark) [167]
Google Ads uses a 0.5% average CTR for display [168]
Average landing page conversion rate across industries is 9.7% [169]
52% of consumers expect a page to load in 2 seconds or less [170]
References
Footnotes
- 1businessofapps.com
- 2pewresearch.org×2
- 3marketingcharts.com×2
- 4wordstream.com×6
- 5tiktok.com×2
- 6gwi.com×2
- 8gsma.com×2
- 10hbr.org×2
- 11nielsen.com×2
- 12salesforce.com
- 13thinkwithgoogle.com×3
- 14hubspot.com
- 15bigcommerce.com
- 16shopify.com×5
- 17wyzowl.com
- 18bazaarvoice.com
- 19brightlocal.com
- 20optimonk.com
- 21mckinsey.com×4
- 22pymnts.com
- 23nytimes.com
- 24sendcloud.com
- 25colloquy.com
- 26optimizely.com×2
- 29ipsos.com×2
- 30eur-lex.europa.eu
- 31oag.ca.gov
- 32facebook.com×3
- 33developer.apple.com
- 34privacysandbox.com
- 35github.com
- 36gartner.com×5
- 37campaignmonitor.com×3
- 39g2.com
- 40forrester.com×2
- 41support.google.com×7
- 48iseas.edu.sg
- 52bain.com×4
- 53oberlo.com
- 54iab.com×2
- 55ibm.com×2
- 56businessresearchinsights.com
- 57statista.com×16
- 58business2community.com
- 59www2.deloitte.com×2
- 61socialinsider.io
- 62influencermarketinghub.com×2
- 63contentmarketinginstitute.com×2
- 65litmus.com×2
- 68business.adobe.com
- 72growthmentor.com
- 75bondbrandloyalty.com
- 76klarna.com
- 80ads.tiktok.com
- 81business.pinterest.com×2
- 84gminsights.com×9
- 92www2.census.gov
- 93ons.gov.uk
- 94ecb.europa.eu
- 95fevad.com
- 99emarketer.com×10
- 100census.gov
- 101ideas.aha-mktg.com
- 107accenture.com
- 109euromonitor.com
- 111fred.stlouisfed.org×2
- 114businesswire.com
- 116insiderintelligence.com
- 117investor.fb.com
- 118abc.xyz
- 119ir.aboutamazon.com
- 128businessinsider.com
- 129globenewswire.com
- 131investor.pinterest.com
- 132investor.snap.com
- 139smartinsights.com
- 146smartexcel.com
- 149simpletexting.com
- 150textrapp.com
- 153buckaroo.nl
- 154epsilon.com
- 155invespcro.com
- 156nosto.com
- 158klaviyo.com
- 160socialbakers.com
- 163adespresso.com
- 164lumanu.com
- 166gemius.com
- 169databox.com
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