According to a new report, published by KBV research, The Global Live Commerce Platforms Market size is expected to reach $3.4 billion by 2031, rising at a market growth of 19.8% CAGR during the forecast period.
The Cosmetics & Personal Care segment is anticipating a CAGR of 19.5% during (2024 - 2031). Cosmetics and personal care products, such as makeup, skincare, and haircare, must demonstrate their effectiveness, application techniques, and final results. Live commerce platforms provide an ideal environment for real-time product demonstrations and tutorials, where hosts or influencers can apply products, explain their benefits, and show results on different skin types and tones. This live, interactive demonstration helps consumers better understand how to use the products, leading to increased confidence in their purchase decisions and driving demand.
Full Report: https://www.kbvresearch.com/live-commerce-platforms-market/
The Asia Pacific region dominated the Global Live Commerce Platforms Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.4 billion by 2031. The North America region is experiencing a CAGR of 19.3% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 19.6% during (2024 - 2031).
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