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Fashion · Report

Social Media Fashion Industry Statistics

Fashion brands shift budgets to TikTok, Instagram and Pinterest, boosting social commerce, influencer impact, ROI.

Move over traditional runway marketing, because in 2024 social media is turning fashion, beauty, and shopping into a $223.5B global advertising playground, with US fashion and beauty social ad spend projected to hit $13.3B, influencer budgets soaring, and social commerce pulling in shoppers across Instagram, TikTok, Pinterest, and beyond.

Rawshot.ai ResearchApril 19, 202611 min read142 verified sources

Executive Summary

Key Takeaways

  • 01

    2024 social media ad spending in the Fashion & Beauty category is projected to reach $13.3B

  • 02

    2024 social media ad spending in the Fashion & Beauty category is projected to reach $13.3B (US)

  • 03

    2024 social media ad spending in the Fashion & Beauty category is projected to reach $13.3B

  • 04

    Pinterest has over 498 million monthly active users (as of Q4 2023)

  • 05

    Instagram has over 2.35B monthly active users as of Jan 2024

  • 06

    TikTok has 1.56B monthly active users as of Jul 2024

  • 07

    In 2024, 80% of TikTok users say they take action after watching a video

  • 08

    In 2024, 70% of TikTok users have purchased after seeing content on the platform

  • 09

    In 2024, 60% of consumers say social media content impacts their purchasing decisions

  • 10

    2023 influencer spend specifically on fashion beauty in the US is $2.7B

  • 11

    2024 influencer marketing spend for Fashion & Beauty in the US is forecast at $3.1B

  • 12

    In 2023, 90% of marketers use influencer marketing

  • 13

    2024: The average global return rate for online fashion purchases is about 30%

  • 14

    2024: 36% of consumers say they use size charts on brand websites before buying clothing

  • 15

    2024: 25% of consumers use AR try-on to decide whether to buy

Section 01

Audience Reach & Engagement

  1. Pinterest has over 498 million monthly active users (as of Q4 2023) [1]

  2. Instagram has over 2.35B monthly active users as of Jan 2024 [2]

  3. TikTok has 1.56B monthly active users as of Jul 2024 [3]

  4. Facebook has 3.07B monthly active users as of Q1 2024 [4]

  5. X (Twitter) has 540M monthly active users as of Apr 2024 [5]

  6. Snapchat has 406M monthly active users as of 2024 [6]

  7. YouTube has 2.5B logged-in monthly users [7]

  8. Global social media users are projected to reach 5.04B in 2025 [8]

  9. In 2024, the average US adult spends 3 hours 39 minutes per day on social media [9]

  10. In 2024, the average worldwide user spends 2 hours 24 minutes per day on social media [10]

  11. In 2024, the share of global web traffic from social media is 5.37% [11]

  12. In 2024, 41% of social media users say they need to use social media to make purchase decisions [12]

  13. In 2024, 54% of consumers use social media to research products [13]

  14. In 2023, 64% of consumers say social media posts influence their purchasing decisions [14]

  15. In 2024, 51% of consumers use Instagram to research products [15]

  16. In 2024, 45% of Pinterest users say they use Pinterest to find inspiration for their purchases [16]

  17. In 2024, 75% of people say they shop from brands they follow on social media [17]

  18. In 2023, consumers spend an average of 6.5 hours per week on social media for shopping and inspiration [18]

  19. In 2024, TikTok is the fastest-growing social platform among Gen Z in the US [19]

  20. Instagram Reels reach 1.5B users monthly (estimate) [20]

  21. In 2024, 68% of fashion shoppers use social media for inspiration [21]

  22. In 2024, 58% of consumers follow fashion influencers on social media [22]

  23. In 2024, 32% of users interact with brand content weekly on Instagram [23]

  24. In 2023, the average Instagram engagement rate for fashion is 1.67% [24]

  25. In 2023, the average TikTok engagement rate for retail/fashion content is 9.2% [25]

  26. In 2024, 34% of Instagram users use the platform to help them decide what to buy [26]

  27. In 2023, average Facebook engagement rate for fashion brands is 0.18% [27]

  28. In 2024, 41% of TikTok users have purchased after seeing a TikTok video [28]

  29. In 2024, 46% of Pinterest users say they use the platform to find new brands [29]

  30. In 2024, the average consumer follows 9 brands on Instagram [30]

  31. In 2024, 62% of consumers say they would recommend brands they follow on social media [31]

  32. In 2023, 33% of social media users follow influencers [32]

  33. In 2023, 70% of people buy based on social media recommendations [33]

  34. In 2024, 54% of social browser users are influenced by creator content [34]

  35. In 2024, 35% of social media users discover brands via influencer posts [35]

Section 02

Consumer Behavior & Conversion

  1. In 2024, 80% of TikTok users say they take action after watching a video [36]

  2. In 2024, 70% of TikTok users have purchased after seeing content on the platform [37]

  3. In 2024, 60% of consumers say social media content impacts their purchasing decisions [38]

  4. 2023 Meta consumer survey: 52% of people said they used Facebook to research brands/products [39]

  5. 2023 Meta consumer survey: 36% said they used Instagram to discover brands [39]

  6. 2024 Instagram: 83% of users say they discover new products on Instagram [40]

  7. 2024 Instagram: 44% of users say they have used Instagram to make purchases [40]

  8. 2024 Facebook: 46% of people use Facebook to discover products/brands [41]

  9. 2024 Facebook: 38% of people use Facebook to look up local services [41]

  10. 2024 Pinterest: 97% of Pinners use Pinterest to plan projects, including purchases [42]

  11. Pinterest: 61% of Pinners say they use Pinterest to make purchase decisions [43]

  12. 2024 Pinterest: 39% of Pinners have made a purchase based on Pinterest [44]

  13. 2024: 54% of social media users use social platforms to research products [45]

  14. 2024: 36% of social media users have used social media to find customer reviews [46]

  15. 2024: 41% of social media users find it important that brands respond to comments [47]

  16. 2024: 32% of consumers say they made purchases after seeing an influencer endorse a product [48]

  17. 2023: 49% of consumers said influencer recommendations impacted their buying decisions [49]

  18. 2024: 73% of consumers are more likely to buy from brands with social proof (ratings/reviews) [50]

  19. 2024: 60% of consumers say they have purchased a product after seeing it on social media [51]

  20. 2024: 26% of Instagram users say they have bought something they saw on Instagram [52]

  21. 2024: 25% of US adults bought a product online that they found through social media [53]

  22. 2024: 21% of US adults had ordered a product on social media [54]

  23. 2024: 15% of consumers purchased directly via social media [55]

  24. 2024: 35% of shoppers say influencer content has helped them discover new brands [56]

  25. 2024: 46% of consumers say they’ve viewed short-form video to help them decide what to buy [57]

  26. 2024: 41% of TikTok users have interacted with a shopping-related video [58]

  27. 2024: 28% of Instagram users say they have saved posts to buy later [59]

  28. 2024: 33% of Pinterest users say they create a shopping list there [60]

  29. 2024: 49% of fashion shoppers say social media helped them compare products [61]

  30. 2024: 38% of consumers say they use Instagram stories to decide what to buy [62]

  31. 2024: 42% of consumers say they trust creators more than brands [63]

Section 03

Influencers, Creators & Campaign Performance

  1. 2023 influencer spend specifically on fashion beauty in the US is $2.7B [64]

  2. 2024 influencer marketing spend for Fashion & Beauty in the US is forecast at $3.1B [65]

  3. In 2023, 90% of marketers use influencer marketing [66]

  4. In 2024, 63% of marketers plan to increase their influencer marketing budget [67]

  5. In 2024, average influencer campaign ROI is $6.50 per $1 spent (influencer marketing) [68]

  6. 2024: brands report an average engagement rate of 2.1% on influencer posts [69]

  7. 2024: TikTok influencer campaigns average 3.2% engagement [70]

  8. 2024: Instagram influencer engagement rates average 1.6% [71]

  9. 2024: YouTube influencer campaign average CTR of 0.9% [72]

  10. 2024: influencer content is 22 times more effective than traditional advertising for generating attention (stat) [73]

  11. 2024: 49% of consumers depend on influencer recommendations [74]

  12. 2024: 33% of marketers say they use influencer marketing for product discovery [75]

  13. 2024: 44% of marketers say influencer marketing is the best performing content channel [35]

  14. 2023: 18.6% of influencer campaigns result in sales [76]

  15. 2024: Micro-influencers (10k-100k) generate 60% higher engagement than larger influencers [77]

  16. 2024: 72% of consumers follow influencers on Instagram [78]

  17. 2024: influencer marketing budget allocation for brands averages 25% of marketing budgets [79]

  18. 2024: Brands using Instagram influencer marketing get 5.2x ROI [80]

  19. 2024: 85% of influencer campaigns are measured using engagement metrics [81]

  20. 2024: 57% of influencer marketers use creator-generated content across paid and organic [34]

  21. 2024: 43% of marketers plan to use more short-form video with influencers [82]

  22. 2024: 61% of marketers say they are more likely to use influencer marketing after seeing campaign results [83]

  23. 2024: 38% of brands use affiliate links in influencer campaigns [84]

  24. 2024: 29% of influencer marketers use whitelisting/UGC rights [85]

  25. 2024: 20% of brands use paid partnership models [26]

  26. 2024: average cost per sponsored Instagram post is $1,000-$2,000 (micro-mid) [86]

  27. 2024: average cost per TikTok sponsored post is $200-$1,000 (micro) [87]

  28. 2024: 63% of brands use TikTok for influencer marketing [88]

  29. 2024: 35% of influencer content includes product links [89]

Section 04

Market Size & Spending

  1. 2024 social media ad spending in the Fashion & Beauty category is projected to reach $13.3B [90]

  2. 2024 social media ad spending in the Fashion & Beauty category is projected to reach $13.3B (US) [91]

  3. 2024 social media ad spending in the Fashion & Beauty category is projected to reach $13.3B [92]

  4. In 2024, US social network ad revenues are projected at $82.1B [93]

  5. In 2024, global social media ad spending is projected to reach $223.5B [94]

  6. In 2024, US social media ad spending is projected to be $68.2B [95]

  7. In 2024, TikTok ad revenues are forecast to be $10.7B globally [96]

  8. In 2024, Pinterest ad revenues are forecast to be $1.3B [97]

  9. In 2024, Instagram ad revenues are forecast to be $41.4B globally [98]

  10. In 2024, Snapchat ad revenues are forecast to be $1.9B [99]

  11. In 2024, Meta (Facebook/Instagram) ad revenues are forecast at $189.7B [100]

  12. In 2024, social commerce sales in the US are projected to reach $79.4B [101]

  13. In 2024, social commerce sales in the UK are projected to reach $15.2B [102]

  14. In 2024, social commerce sales in Germany are projected to reach $13.6B [103]

  15. In 2024, social commerce sales in France are projected to reach $10.7B [104]

  16. In 2024, social commerce sales in India are projected to reach $17.6B [105]

  17. In 2024, Pinterest shopping ads are forecast to drive $1.1B in US social commerce [106]

  18. Instagram is projected to drive $34.4B of US social commerce in 2024 [107]

  19. Facebook is projected to drive $18.2B of US social commerce in 2024 [108]

  20. TikTok is projected to drive $13.5B of US social commerce in 2024 [109]

  21. In 2024, social commerce share of ecommerce in the US is projected at 4.6% [110]

  22. In 2024, influencer marketing in the US is forecast to reach $21.6B [111]

  23. In 2024, influencer marketing is forecast to reach $8.2B in the UK [112]

  24. In 2024, influencer marketing spend in Germany is forecast to reach $4.1B [113]

  25. In 2024, influencer marketing spend in France is forecast to reach $3.7B [114]

  26. In 2024, influencer marketing spend in India is forecast to reach $2.9B [115]

  27. Global advertising spend on influencer marketing is forecast to reach $24.9B in 2024 [116]

  28. In 2023, US retail and consumer goods companies spent $2.9B on influencer marketing (US) [117]

  29. In 2024, global retail social commerce is projected to reach $604.4B [118]

  30. In 2024, global social commerce retail share is projected at 8.9% of ecommerce [119]

Section 05

Trends, Platforms & Technology

  1. 2024: The average global return rate for online fashion purchases is about 30% [120]

  2. 2024: 36% of consumers say they use size charts on brand websites before buying clothing [121]

  3. 2024: 25% of consumers use AR try-on to decide whether to buy [122]

  4. 2024: 61% of shoppers say AR improves their shopping experience [123]

  5. 2024: 74% of marketers plan to increase investment in video [124]

  6. 2024: 91% of businesses use video in their marketing [124]

  7. 2024: TikTok has a video length cap of 3 minutes (in-app limit) [125]

  8. 2024: Instagram Stories viewing: 500M+ accounts use Stories daily (estimate) [126]

  9. 2024: Reels: 2B monthly active users (estimate) [127]

  10. 2024: Pinterest has “Idea Pins” with a max length of up to 60 minutes? (feature) [128]

  11. 2024: Facebook Shops launched across US for businesses [129]

  12. 2024: Instagram Live shopping feature availability for US brands [130]

  13. 2024: TikTok Shop offers free shipping for US creators (policy) [131]

  14. 2024: Pinterest Tag detects conversion events including PageView, ViewContent, AddToCart, etc. [132]

  15. 2024: Meta Advantage+ Shopping campaigns optimize to conversions [133]

  16. 2024: Meta Pixel supports custom events like Purchase and InitiateCheckout [134]

  17. 2024: 62% of marketers say personalization increases engagement [135]

  18. 2024: 79% of marketers say they expect personalization to be critical in the future [136]

  19. 2024: 45% of consumers say they are more likely to buy from brands that personalize product recommendations [137]

  20. 2024: Social commerce adoption by brands: 40% of brands use social shopping features [55]

  21. 2024: Number of ecommerce brands using Instagram shoppable posts is 70% (share) [15]

  22. 2024: TikTok Shop is available in 9 countries (as of 2024) [138]

  23. 2024: Pinterest launched “Try On” feature (Lens) for beauty/fashion; availability [139]

  24. 2024: Instagram rolls out “collaborative posts” feature allowing co-posting [140]

  25. 2024: TikTok allows shopping via “Product Links” on videos (feature) [141]

  26. 2024: Twitter/X supports Shopping features via “Shop module” in posts (feature) [142]

References

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