Tiktok Shop Growth Rate

29% Gen Americans discover products TikTok, 190% higher rate consumers a whole. TikTok Shop Statistics. TikTok Shop launched the United States September 2023. are ways customers shop TikTok Shop: live shopping, shoppable videos, product showcase.

4. womenswear underwear product category the number TikTok Shops. Womenswear underwear the highest number shops TikTok, accounting 5.64% the total TikTok Shop count. Beauty personal care with home supplies in close, accounting 5.59% 5.13% the total store count, respectively.

Stay updated TikTok Shop trends the latest 2024 stats facts. . Chinese platforms, TikTok holds strong position. Americans rate TikTok 7.15 of 10, is higher Shein, Temu, AliExpress. However, still falls short Amazon, is rated higher 8.4 of 10. . growth be attributed .

The data shows upward trend U.S. TikTok Shop's monthly sales its launch September 2023 mid-September 2024, indicating strong early adoption consistent growth. Revenue peaked July 2024 over $600 million.

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TikTok Shop quickly a popular to shop, in Southeast Asia. to Aftership, total Gross Merchandise (GMV) sales TikTok date been $11.09 billion.GMV defined the total of merchandise sold a period a customer-to-customer (C2C) exchange site, i.e. value goods sold an eCommerce platform.

The $137.14 million sales TikTok Shop 2024 Black Friday ($85.9 million) Cyber Monday ($51.24 million) seem small, the platform little than year old, growth rates exceeding retailers marketplaces. Charm.io a U.S.-based data provider helping retailers, .

The company's revenue soared approximately 30% 2023, reaching $110 billion, surpassing growth rates established competitors Meta Platforms Tencent Holdings. Innovative .

TikTok Shop Statistics 2025. Explore TikTok Shop Statistics 2025, including distribution shops category region, GMV amounts, total sales. Discover popular categories Womenswear & Underwear Beauty & Personal Care. Analyze regional adoption levels Indonesia, Thailand, Vietnam leading way.

That leads to 2023 the rise TikTok Shop their reported effort reach $20B sales the year. Touted some a "Place Hawk Junk", TikTok Shop seen impressive growth just launching earlier year. evolution clear: in 2022 9.6% users purchases TikTok, number .

Further, LA Times that TikTok Shop marketplace "sells $7 million worth products day the U.S." (Ding, 2023). TikTok Shop clearly a major component the national economy a part consumers' everyday lives. TikTok supports 224,000 jobs the (Lorenz, 2024).