GITNUX MARKETDATA REPORT 2024

Instagram Influencer Statistics [Fresh Research]

In the following blog post, we explore a comprehensive set of statistics surrounding Instagram influencer marketing. From the significant number of active users on the platform to the preferences and trends observed among businesses and influencers, these statistics shed light on the impact and prevalence of influencer marketing on Instagram.

Statistic 1

"Instagram has over 1 billion monthly active users."

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Statistic 2

"Around 78% of influencers prefer using Instagram for brand collaborations."

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Statistic 3

"87% of businesses plan to spend over 10% of their marketing budgets on influencer marketing in 2022."

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Statistic 4

"69% of businesses say that the quality of customers and traffic from influencer marketing is better than other sources."

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Statistic 5

"60% of Instagram users discover new products on the platform."

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Statistic 6

"The beauty and fashion industry remains the most prominent sector for influencer marketing on Instagram, making up about 25.8% of sponsored posts."

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Statistic 7

"55.4% of Instagram users follow influencers on the platform."

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Statistic 8

"Consumer Electronics is the fastest-growing category for Instagram influencer marketing, with a growth rate of 34% in 2021."

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Statistic 9

"67% of marketers use Instagram Stories for Influencer marketing campaigns."

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Statistic 10

"The global market size of Instagram influencer marketing was $1.6 billion in 2020."

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Statistic 11

"The average cost per post for micro-influencers (those with 10,000-50,000 followers) is around $200."

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Statistic 12

"There are about 500,000 active Instagram influencers."

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Statistic 13

"73% of teens on Instagram say their purchasing decisions are influenced by influencers."

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Statistic 14

"More than 50% of Instagram influencers have bought followers or used engagement bots."

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Statistic 15

"50% of Instagram influencers identified fraudulent activity on their sponsored posts in 2021."

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Statistic 16

"The average engagement rate of posts tagged with #ad on Instagram is 6.8%."

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In conclusion, the statistics presented highlight the significant impact and growth of Instagram influencer marketing. With a large user base and high engagement rates, businesses are increasingly investing in influencer partnerships to reach their target audiences effectively. However, challenges such as fraudulent activities and the need for transparency remain prevalent in the industry. Despite these obstacles, the data suggests that influencer marketing on Instagram continues to be a valuable strategy for brands looking to boost brand awareness and drive conversions.

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