According to PayNXT360, social commerce industry in Nigeria is expected to grow by 38.3% on annual basis to reach US$1,551.08 million in 2024. The social commerce industry is expected to grow steadil...
According to PayNXT360, social commerce industry in Nigeria is expected to grow by 38.3% on annual basis to reach US$1,551.08 million in 2024. The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 31.2% during 2024-2029. The social commerce GMV in the country will increase from US$1,121.35 million in 2023 to reach US$6,036.02 million by 2029. This report provides a detailed data centric analysis of social commerce industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics. PayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
This report provides in-depth, data-centric analysis of social commerce in Nigeria. Below is a summary of key market segments: Nigeria Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2020-2029 Nigeria Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2020-2029 • Nigeria Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2020-2029 --Clothing & Footwear --Beauty and Personal Care --Food & Grocery --Appliances and Electronics --Home Improvement --Travel --Hospitality • Nigeria Social Commerce Industry Market Size and Forecast by End Use Consumer Segment, 2020-2029 --B2B --B2C --C2C • Nigeria Social Commerce Industry Market Size and Forecast by End Use Device, 2020-2029 --Mobile --Desktop • Nigeria Social Commerce Industry Market Size and Forecast by Location, 2020-2029 --Domestic --Cross Border • Nigeria Social Commerce Industry Market Size and Forecast by Location, 2020-2029 --Tier-1 Cities --Tier-2 Cities --Tier-3 Cities • Nigeria Social Commerce Industry Market Size and Forecast by Payment Method, 2020-2029 --Credit Card --Debit Card --Bank Transfer --Prepaid Card --Digital & Mobile Wallet --Other Digital Payment --Cash • Nigeria Social Commerce Industry Market Size and Forecast by Platforms --Video Commerce --Social Network-Led Commerce --Social Reselling --Group Buying --Product Review Platforms • Nigeria Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour,2023 --By Age --By Income Level --By Gender
• In-depth Understanding of Social Commerce Market Dynamics: Understand market opportunities and key trends along with forecast (2020-2029). • Insights into Opportunity by end-use sectors – Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors. • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate social commerce strategy; assess market specific key trends, drivers, and risks in the industry.
1. About this Report 1.1. Summary 1.2. Methodology 1.3. Social Commerce Definitions 1.4. Disclaimer 2. Nigeria Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators 2.1. Nigeria Ecommerce – Gross Merchandise Value Trend Analysis, 2020-2029 2.2. Nigeria Ecommerce – Average Value Per Transaction Trend Analysis, 2020-2029 2.3. Nigeria Ecommerce – Transaction Volume Trend Analysis, 2020-2029 3. Nigeria Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators 3.1. Nigeria Social Commerce – Gross Merchandise Value Trend Analysis, 2020-2029 3.2. Nigeria Social Commerce – Average Value Per Transaction Trend Analysis, 2020-2029 3.3. Nigeria Social Commerce – Transaction Volume Trend Analysis, 2020-2029 3.4. Nigeria Social Commerce Market Share Analysis by Key Players, 2023 4. Nigeria Social Commerce Industry Market Size and Forecast by Location 4.1. Nigeria Social Commerce Market Share by Location (%), 2023 4.2. Nigeria Social Commerce by Cross Border – Gross Merchandise Value Trend Analysis, 2020-2029 4.3. Nigeria Social Commerce by Domestic – Gross Merchandise Value Trend Analysis, 2020-2029 5. Nigeria Social Commerce Industry Market Size and Forecast by Product Categories 5.1. Nigeria Social Commerce Market Share by Product Categories (%), 2023 5.2. Nigeria Social Commerce Clothing & Footwear – Gross Merchandise Value Trend Analysis, 2020-2029 5.3. Nigeria Social Commerce Beauty and Personal Care – Gross Merchandise Value Trend Analysis, 2020-2029 5.4. Nigeria Social Commerce Food & Grocery – Gross Merchandise Value Trend Analysis, 2020-2029 5.5. Nigeria Social Commerce Appliances and Electronics – Gross Merchandise Value Trend Analysis, 2020-2029 5.6. Nigeria Social Commerce Home Improvement – Gross Merchandise Value Trend Analysis, 2020-2029 5.7. Nigeria Social Commerce Travel – Gross Merchandise Value Trend Analysis, 2020-2029 5.8. Nigeria Social Commerce Accommodation – Gross Merchandise Value Trend Analysis, 2020-2029 6. Nigeria Social Commerce Industry Market Size and Forecast by End Use Consumer Segment 6.1. Nigeria Social Commerce Market Share by End Use Segment (%), 2023 6.2. Nigeria Social Commerce B2C Segment – Gross Merchandise Value Trend Analysis, 2020-2029 6.3. Nigeria Social Commerce B2B Segment – Gross Merchandise Value Trend Analysis, 2020-2029 6.4. Nigeria Social Commerce C2C Segment – Gross Merchandise Value Trend Analysis, 2020-2029 7. Nigeria Social Commerce Industry Market Size and Forecast by End Use Device 7.1. Nigeria Social Commerce Market Share by End Use Device (%), 2023 7.2. Nigeria Social Commerce by Mobile – Gross Merchandise Value Trend Analysis, 2020-2029 7.3. Nigeria Social Commerce by Desktop – Gross Merchandise Value Trend Analysis, 2020-2029 8. Nigeria Social Commerce Industry Market Size and Forecast by Cities 8.1. Nigeria Social Commerce Market Share by Cities (%), 2023 8.2. Nigeria Social Commerce by Tier-1 Cities – Gross Merchandise Value Trend Analysis, 2020-2029 8.3. Nigeria Social Commerce by Tier-2 Cities – Gross Merchandise Value Trend Analysis, 2020-2029 8.4. Nigeria Social Commerce by Tier-3 Cities – Gross Merchandise Value Trend Analysis, 2020-2029 9. Nigeria Social Commerce Industry Market Size and Forecast by Payment Method 9.1. Nigeria Social Commerce Market Share by Payment Method (%), 2023 9.2. Nigeria Social Commerce Payment by Credit Card – Gross Merchandise Value Trend Analysis, 2020-2029 9.3. Nigeria Social Commerce Payment by Debit Card – Gross Merchandise Value Trend Analysis, 2020-2029 9.4. Nigeria Social Commerce Payment by Bank Transfer – Gross Merchandise Value Trend Analysis, 2020-2029 9.5. Nigeria Social Commerce Payment by Prepaid Card – Gross Merchandise Value Trend Analysis, 2020-2029 9.6. Nigeria Social Commerce Payment by Digital & Mobile Wallet – Gross Merchandise Value Trend Analysis, 2020-2029 9.7. Nigeria Social Commerce Payment by Other Digital Payment – Gross Merchandise Value Trend Analysis, 2020-2029 9.8. Nigeria Social Commerce Payment by Cash – Gross Merchandise Value Trend Analysis, 2020-2029 10. Nigeria Social Commerce Industry Market Size and Forecast by Platforms 10.1. Nigeria Social Commerce Market Share by Platforms Method (%), 2023 10.2. Nigeria Social Commerce Platforms by Video Commerce (Live Stream + Prerecorded) – Gross Merchandise Value Trend Analysis, 2020-2029 10.3. Nigeria Social Commerce Platforms by Social Network-Led Commerce – Gross Merchandise Value Trend Analysis, 2020-2029 10.4. Nigeria Social Commerce Platforms by Social Reselling – Gross Merchandise Value Trend Analysis, 2020-2029 10.5. Nigeria Social Commerce Platforms by Group Buying – Gross Merchandise Value Trend Analysis, 2020-2029 10.6. Nigeria Social Commerce Platforms by Product Review Platforms – Gross Merchandise Value Trend Analysis, 2020-2029 11. Nigeria Social Commerce Industry Market Size and Forecast by Contents 11.1. Nigeria Social Commerce Market Share by Contents (%), 2023 11.2. Nigeria Social Commerce Contents by Live Streamers – Gross Merchandise Value Trend Analysis, 2020-2029 11.3. Nigeria Social Commerce Contents by Gaming Streamers – Gross Merchandise Value Trend Analysis, 2020-2029 11.4. Nigeria Social Commerce Contents by Reels – Gross Merchandise Value Trend Analysis, 2020-2029 11.5. Nigeria Social Commerce Contents by Influencers – Gross Merchandise Value Trend Analysis, 2020-2029 11.6. Nigeria Social Commerce Contents by Stories – Gross Merchandise Value Trend Analysis, 2020-2029 12. Nigeria Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour 12.1. Nigeria Social Commerce Spend Share by Age Group, 2023 12.2. Nigeria Social Commerce by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis, 2020-2029 12.3. Nigeria Social Commerce by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis, 2020-2029 12.4. Nigeria Social Commerce by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis, 2020-2029 12.5. Nigeria Social Commerce by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis, 2020-2029 12.6. Nigeria Social Commerce Share by Income Level, 2023 12.7. Nigeria Social Commerce Share by Gender, 2023 13. Further Reading 13.1. About PayNXT360 13.2. Related Research
Table 1: Nigeria Ecommerce – Gross Merchandise Value (US$ Million), 2020-2029 Table 2: Nigeria Ecommerce – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 3: Nigeria Ecommerce – Transaction Volume (Million), 2020-2029 Table 4: Nigeria Social Commerce – Gross Merchandise Value (US$ Million), 2020-2029 Table 5: Nigeria Social Commerce – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 6: Nigeria Social Commerce – Transaction Volume (Million), 2020-2029 Table 7: Nigeria Social Commerce by Cross Border – Gross Merchandise Value (US$ Million), 2020-2029 Table 8: Nigeria Social Commerce by Domestic – Gross Merchandise Value (US$ Million), 2020-2029 Table 9: Nigeria Social Commerce Clothing & Footwear – Gross Merchandise Value (US$ Million), 2020-2029 Table 10: Nigeria Social Commerce Beauty and Personal Care – Gross Merchandise Value (US$ Million), 2020-2029 Table 11: Nigeria Social Commerce Food & Grocery – Gross Merchandise Value (US$ Million), 2020-2029 Table 12: Nigeria Social Commerce Appliances and Electronics – Gross Merchandise Value (US$ Million), 2020-2029 Table 13: Nigeria Social Commerce Home Improvement – Gross Merchandise Value (US$ Million), 2020-2029 Table 14: Nigeria Social Commerce Travel – Gross Merchandise Value (US$ Million), 2020-2029 Table 15: Nigeria Social Commerce Accommodation – Gross Merchandise Value (US$ Million), 2020-2029 Table 16: Nigeria Social Commerce B2C Segment – Gross Merchandise Value (US$ Million), 2020-2029 Table 17: Nigeria Social Commerce B2B Segment – Gross Merchandise Value (US$ Million), 2020-2029 Table 18: Nigeria Social Commerce C2C Segment – Gross Merchandise Value (US$ Million), 2020-2029 Table 19: Nigeria Social Commerce by Mobile – Gross Merchandise Value (US$ Million), 2020-2029 Table 20: Nigeria Social Commerce by Desktop – Gross Merchandise Value (US$ Million), 2020-2029 Table 21: Nigeria Social Commerce by Tier-1 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Table 22: Nigeria Social Commerce by Tier-2 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Table 23: Nigeria Social Commerce by Tier-3 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Table 24: Nigeria Social Commerce Payment by Credit Card – Gross Merchandise Value (US$ Million), 2020-2029 Table 25: Nigeria Social Commerce Payment by Debit Card – Gross Merchandise Value (US$ Million), 2020-2029 Table 26: Nigeria Social Commerce Payment by Bank Transfer – Gross Merchandise Value (US$ Million), 2020-2029 Table 27: Nigeria Social Commerce Payment by Prepaid Card – Gross Merchandise Value (US$ Million), 2020-2029 Table 28: Nigeria Social Commerce Payment by Digital & Mobile Wallet – Gross Merchandise Value (US$ Million), 2020-2029 Table 29: Nigeria Social Commerce Payment by Other Digital Payment – Gross Merchandise Value (US$ Million), 2020-2029 Table 30: Nigeria Social Commerce Payment by Cash – Gross Merchandise Value (US$ Million), 2020-2029 Table 31: Nigeria Social Commerce Platforms by Video Commerce (Live Stream + Prerecorded) – Gross Merchandise Value (US$ Million), 2020-2029 Table 32: Nigeria Social Commerce Platforms by Social Network-Led Commerce – Gross Merchandise Value (US$ Million), 2020-2029 Table 33: Nigeria Social Commerce Platforms by Social Reselling – Gross Merchandise Value (US$ Million), 2020-2029 Table 34: Nigeria Social Commerce Platforms by Group Buying – Gross Merchandise Value (US$ Million), 2020-2029 Table 35: Nigeria Social Commerce Platforms by Product Review Platforms – Gross Merchandise Value (US$ Million), 2020-2029 Table 36: Nigeria Social Commerce Contents by Live Streamers – Gross Merchandise Value (US$ Million), 2020-2029 Table 37: Nigeria Social Commerce Contents by Gaming Streamers – Gross Merchandise Value (US$ Million), 2020-2029 Table 38: Nigeria Social Commerce Contents by Reels – Gross Merchandise Value (US$ Million), 2020-2029 Table 39: Nigeria Social Commerce Contents by Influencers – Gross Merchandise Value (US$ Million), 2020-2029 Table 40: Nigeria Social Commerce Contents by Stories – Gross Merchandise Value (US$ Million), 2020-2029 Table 41: Nigeria Social Commerce by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 42: Nigeria Social Commerce by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 43: Nigeria Social Commerce by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 44: Nigeria Social Commerce by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029
Figure 1: PayNXT360’s Methodology Framework Figure 2: Nigeria Ecommerce – Gross Merchandise Value (US$ Million), 2020-2029 Figure 3: Nigeria Ecommerce – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 4: Nigeria Ecommerce – Transaction Volume (Million), 2020-2029 Figure 5: Nigeria Social Commerce – Gross Merchandise Value (US$ Million), 2020-2029 Figure 6: Nigeria Social Commerce – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 7: Nigeria Social Commerce – Transaction Volume (Million), 2020-2029 Figure 8: Nigeria Social Commerce – Market Share Analysis by Key Players (%), 2023 Figure 9: Nigeria Social Commerce Market Share by Location (%), 2023 Figure 10: Nigeria Social Commerce by Cross-border – Gross Merchandise Value (US$ Million), 2020-2029 Figure 11: Nigeria Social Commerce by Domestic – Gross Merchandise Value (US$ Million), 2020-2029 Figure 12: Nigeria Social Commerce Market Share by Product Categories (%), 2023 Figure 13: Nigeria Social Commerce Clothing & Footwear – Gross Merchandise Value (US$ Million), 2020-2029 Figure 14: Nigeria Social Commerce Beauty and Personal Care – Gross Merchandise Value (US$ Million), 2020-2029 Figure 15: Nigeria Social Commerce Food & Grocery – Gross Merchandise Value (US$ Million), 2020-2029 Figure 16: Nigeria Social Commerce Appliances and Electronics – Gross Merchandise Value (US$ Million), 2020-2029 Figure 17: Nigeria Social Commerce Home Improvement – Gross Merchandise Value (US$ Million), 2020-2029 Figure 18: Nigeria Social Commerce Travel – Gross Merchandise Value (US$ Million), 2020-2029 Figure 19: Nigeria Social Commerce Accommodation – Gross Merchandise Value (US$ Million), 2020-2029 Figure 20: Nigeria Social Commerce Market Share by End Use Segment (%), 2023 Figure 21: Nigeria Social Commerce B2C Segment – Gross Merchandise Value (US$ Million), 2020-2029 Figure 22: Nigeria Social Commerce B2B Segment – Gross Merchandise Value (US$ Million), 2020-2029 Figure 23: Nigeria Social Commerce C2C Segment – Gross Merchandise Value (US$ Million), 2020-2029 Figure 24: Nigeria Social Commerce Market Share by End Use Device (%), 2023 Figure 25: Nigeria Social Commerce by Mobile – Gross Merchandise Value (US$ Million), 2020-2029 Figure 26: Nigeria Social Commerce by Desktop – Gross Merchandise Value (US$ Million), 2020-2029 Figure 27: Nigeria Social Commerce Market Share by Cities (%), 2023 Figure 28: Nigeria Social Commerce by Tier-1 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Figure 29: Nigeria Social Commerce by Tier-2 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Figure 30: Nigeria Social Commerce by Tier-3 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Figure 31: Nigeria Social Commerce Market Share by Payment Method (%), 2023 Figure 32: Nigeria Social Commerce Payment by Credit Card – Gross Merchandise Value (US$ Million), 2020-2029 Figure 33: Nigeria Social Commerce Payment by Debit Card – Gross Merchandise Value (US$ Million), 2020-2029 Figure 34: Nigeria Social Commerce Payment by Bank Transfer – Gross Merchandise Value (US$ Million), 2020-2029 Figure 35: Nigeria Social Commerce Payment by Prepaid Card – Gross Merchandise Value (US$ Million), 2020-2029 Figure 36: Nigeria Social Commerce Payment by Digital & Mobile Wallet – Gross Merchandise Value (US$ Million), 2020-2029 Figure 37: Nigeria Social Commerce Payment by Other Digital Payment – Gross Merchandise Value (US$ Million), 2020-2029 Figure 38: Nigeria Social Commerce Payment by Cash – Gross Merchandise Value (US$ Million), 2020-2029 Figure 39: Nigeria Social Commerce Market Share by Platforms Method (%), 2023 Figure 40: Nigeria Social Commerce Platforms by Video Commerce (Live Stream + Prerecorded) – Gross Merchandise Value (US$ Million), 2020-2029 Figure 41: Nigeria Social Commerce Platforms by Social Network-Led Commerce – Gross Merchandise Value (US$ Million), 2020-2029 Figure 42: Nigeria Social Commerce Platforms by Social Reselling – Gross Merchandise Value (US$ Million), 2020-2029 Figure 43: Nigeria Social Commerce Platforms by Group Buying – Gross Merchandise Value (US$ Million), 2020-2029 Figure 44: Nigeria Social Commerce Platforms by Product Review Platforms – Gross Merchandise Value (US$ Million), 2020-2029 Figure 45: Nigeria Social Commerce Market Share by Contents (%), 2023 Figure 46: Nigeria Social Commerce Contents by Live Streamers – Gross Merchandise Value (US$ Million), 2020-2029 Figure 47: Nigeria Social Commerce Contents by Gaming Streamers – Gross Merchandise Value (US$ Million), 2020-2029 Figure 48: Nigeria Social Commerce Contents by Reels – Gross Merchandise Value (US$ Million), 2020-2029 Figure 49: Nigeria Social Commerce Contents by Influencers – Gross Merchandise Value (US$ Million), 2020-2029 Figure 50: Nigeria Social Commerce Contents by Stories – Gross Merchandise Value (US$ Million), 2020-2029 Figure 51: Nigeria Social Commerce Share by Age Group (%), 2023 Figure 52: Nigeria Social Commerce by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 53: Nigeria Social Commerce by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 54: Nigeria Social Commerce by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 55: Nigeria Social Commerce by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 56: Nigeria Social Commerce Share by Income Level (%), 2023 Figure 57: Nigeria Social Commerce Share by Gender (%), 2023
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