Although the effectiveness of social media marketing is unquestionable, choosing the right approach is still a common challenge.
The main reason is that social media isn’t static. Not only do people get interested in new things and lose interest in topics that had been trending just a few weeks ago, but the social media platforms themselves also change all the time.
We decided to take a look at statistics that will help you better understand the trends of 2023 and adjust your marketing strategy.
Nothing remains the same
Instagram updates its algorithm every month, and each update immediately affects everyone who uses this platform: users, influencers, and businesses.
The reason why the algorithm changes all the time is that the platform aims to deliver the best experience possible. Besides, Instagram itself is a huge business that needs to maximize profits.
The only way to increase profits is to make sure that the platform will remain popular. In turn, this goal can be achieved if people spend more time on it, so the algorithm updates are aimed to provide users with the most engaging content.
Why you should care
Although changes in the algorithm may help the owners of the platform by keeping the audience engaged, they can create many problems for businesses and influencers because brands have to change their strategies.
For instance, a way back with the 2018 update marketers had to adjust their strategies to still get some organic reach on Facebook. Shortly after with the 2019 update only 10% of the followers were able to see content business’ post.
Therefore, it’s especially important to keep up with all the latest trends. The best way to understand exactly what matters now and what trends are ceasing to exist is to check out real figures, so we prepared a list of the most important Instagram stats for 2023.
Instagram stats that you should know
1. 90% of Instagram accounts follow businesses
There are more than 2 billion registered Instagram accounts, and over 1.7 billion of them follow at least one business account on this platform. Instagram users are interested in the marketing content and your messages can hit the right audience that is interested in fresh offers and ready to purchase products.
2. Instagram is the 10th most popular query in Google
What do people google most often? Well, the most popular queries are generic: people are simply looking for “videos,” “news,” or “weather.” However, people are also searching for their favorite websites. For example, Facebook, YouTube, Amazon, and Google itself are all in the top 10 queries. Instagram also made it to the list. However, this fact is more important for Instagram because this platform usually isn’t used through a web interface.
3. 60% of users discover new products on Instagram
Instagram also helps people find new products. In other words, it helps businesses show their new products to the right audience. 70% of Instagram users claim that they learn about new products by viewing other people’s profiles or Instagram ads.
4. Instagram is getting rid of likes
Influencers are willing to do all sorts of crazy things to get more likes, while the lack of likes causes depression, anxiety, and even suicidal thoughts. Already few years back, Instagram started testing a new, more humane approach in Canada, Australia, Japan, Italy, Ireland, Brazil, and New Zealand. 41% of Canadian influencers note that their engagement rates drop without likes so it becomes especially important to create engaging content. Strangely this feature is still not rolled out everywhere in 2023.
5. People upload more than 3 billion photos every day
Since Instagram was launched in 2010, users have uploaded more than 40 billion images. However, the popularity of the platform continues to grow, and now Instagram users upload more than 3 billion posts every day. So, your content must be unique.
6. Women are five times more popular than men
According to research, female users get five times as many likes as men. The reason is obvious: Instagram is a photo-based platform so women are more likely to get likes. Another fun fact about this platform is that the majority of businesses present on the platform are fashion brands. Instagram is also more popular among women: 43% of female adults in America use it, compared to 31% of adult men.
7. Instagram Reels have significantly higher reach compared to posts
Reels are the thing that is allowing Instagram to withstand strong competition with TikTok. According to statistics, Instagram accounts with up to 500 followers had a reach of almost 900 percent, whilst images achieved a reach of 77 percent. Reels also continue to become more
social with people resharing Reels more than 2 billion times every day. Therefore, you shouldn’t ignore Reels when planning your content for maximum reach.
8. The average cost per click on Instagram is between $0.20 – $2.00
As the popularity of the platform grows, so does the cost of one click, as well. You should be looking to spend around $2 per click for ads on tier one countries. If you target tier two or three you are looking to spending significantly less. For example, in the U.S. one click for the same product and similar creative may cost you $3.56, while in Japan it could be only $1.48.
9. Christiano Ronaldo is the most followed person
The famous footballer has managed to accumulate over 590 million followers to his account. Why don’t we all contribute to this number and make sure he stays on top. Here’s the link for his profile.
10. Instagram has the highest reach in Brunei
Although Brunei certainly doesn’t have most Instagram users, in this country Instagram reaches the highest percentage of the population. 60% of Brunei citizens have Instagram accounts. Brunei is followed by Iceland, Turkey, and Kuwait: 57%, 56%, and 55%, respectively.
In the U.S., only 37% of people use this platform. Such figures mean that Instagram can be especially effective for promoting your brand in other countries.
11. More than one-third of adult Americans use Instagram
Now let’s consider American demographics in more detail. We’ve already mentioned that more than 37% of U.S. citizens use Instagram. This platform is most popular among people aged between 18 and 29 years (67%). However, 47% of people aged between 30 and 49 also use it, as well as 23% of 50-64 years old citizens.
12. Instagram is (not) the most popular social media among teens
The platforms heavily competing with Instagram are Snapchat and TikTok. When creating a social media strategy trying to reach teenagers, we suggest going omni-channel and using all these three platforms.
13. Instagram hashtags are important, but use in moderation
Although Instagram allows you to use up to 30 hashtags in your posts, it has been researched numerous times that less is more. Even Instagram suggest using less and keeping them more relevant to the most to get the highest engagement rate.
14. Images with faces get more likes
According to research, if you want to get more likes, you should post more images with faces. We recommend that you choose a face that will promote your brand on this platform or just post more photos of people.
15. In 2022, People spent about 12 hours per month on Instagram
In 2019, Instagram users have spent an average of 27 minutes a day on the platform. In 2023, this figure is expected to increase, while people will continue to spend less time on Facebook. With the increase popularity of TikTok the increase is likely small. However the time spent on platform is up 24% compared to the previous year thanks to the new AI ranking algorithm.
16. In 2022, Instagram generated $51.4 billion in revenue
As the main audience on Instagram is maturing we ca expect more advertisers focus their media spend on this platform generating even higher revenue in the coming years. In comparison in 2020 the platform has only earned $9.08 billion and in 2018 it generated $6.18 billion.
17. More than one-third of Instagram users will make mobile purchases
More than 33% of Instagram users say that they’ve made a purchase using their mobile devices, and many of them bought things on Instagram directly, since the platform now features built-in payments. Thus, Instagram becomes a more valuable channel for businesses. Learn how to use influencers to promote your mobile app.
18. More than half of Instagram accounts use Explore every month
The Explore page is great because it can help people discover both your regular posts and your Stories. It turns out that more than 50% of users look for new content using this feature so you should keep it in mind when creating content. Make your posts engaging, use relevant and specific hashtags, and experiment with dynamic content.
19. #love is the most popular hashtag
In 2023, #love remains to be the most popular hashtag with over 2.14 billion posts, followed by #instagood and #photooftheday. Don’t be afraid to spread love in your captions.
20. 14% of American adults get news from Instagram
Of course, Instagram isn’t the most popular news source, but you certainly should make informative posts on relevant topics. 14% of Americans get their daily portion of news on Instagram. 14% may look like a small number, but Twitter serves as a news platform for only 17% of Americans.
21. Brands use stories more than ever
86.6% businesses and brands, use stories consistently to drive engagement and sales.
22. Businesses account for one-third of the most viewed Stories
Stories seem to become the most popular type of content on Instagram, and one-third of them are posted by businesses.
23. More than 100 million users record or watch live videos every day
Stories are not the only type of extra-engaging content on Instagram. The popularity of Facebook Live was a reason why such a feature also appeared on Instagram. More than 100 million people create or watch live videos every day so marketers should use this type of content to their advantage.
24. American marketers spend 69% of their influencer budget on Instagram
It turns out that influencer marketing on this platform is even more popular than that on YouTube, as U.S. marketers spend 69% of their budget on Instagram.
25. Marketers spend 31% of their Instagram budget on Stories
If you don’t know how much you should invest in Stories, here’s the answer: most U.S. marketers spend 69% of their budget on the newsfeed and the rest of their ad budget is for Stories.
26. There are two million monthly advertisers on Instagram
According to statistics, we see two millions of posts labeled “Sponsored” on our feed and Stories every month.
27. The biggest number of likes on Instagram is 53 million
After Kylie Jenner made a record with 18 million likes, it only took 10 days for the account @world_record_egg to break it. The most liked post on Instagram is a photo of an egg with 60.1 million likes.
28. Stickers in Stories increase video performance
It turns out that adding a sticker to video Stories improves their performance 83% of the time. However, it’s important to be careful with stickers when posting photo Stories, as two stickers can easily reduce their performance.
29. The best time to post on Instagram is between 10 am and 3 pm
If you want your photos and videos to get more likes, you should post them on weekdays, from 10 am to 3 pm. The best days are Wednesday and Friday. However, the perfect time for your business depends on your niche and the type of your audience.
30. The most popular videos are how-to tutorials
How-to videos are the most engaging type of video content on Instagram, followed by behind-the-scenes videos, news, and interviews. Besides, such videos are easy to make.
31. Videos are 38% more engaging
People love dynamic content and they are more likely to share it. According to statistics, Instagram videos demonstrate 38% better engagement rates compared to images. They also get twice more comments.
32. In 2023, more than 200 million businesses will have Instagram accounts
Although Facebook will continue to be the most popular social media platform, experts predict that over 200 million businesses will use Instagram this year.
33. The number of Instagram users grows extremely fast
According to statistics, the user base of this platform grows even faster than the overall social network usage in the U.S. However, experts predict a 3.7% growth by 2023, which is a significant drop compared to 2018 (13.1%).
34. The most followed businesses on Instagram are retail brands
According to statistics, eight out of the 15 most followed companies on Instagram are retail brands.
35. The higher education industry has the highest engagement rates
It turns out that the higher education industry outperforms any other industry in terms of engagement. The engagement rate per post in this industry is 3.39%. Higher education is followed by sports teams and nonprofits—2.28% and 2.14%, respectively.
36. Negative space generates likes
According to statistics, images with a higher amount of negative space get 29% more likes. We recommend that you consider this fact when creating your Instagram photos.
37. Blue is better than red
Choosing the right color palette is also important, as predominantly blue images get 24% more likes than images that feature red as the dominant color.
38. Android users love Instagram
Android users spend about 53 minutes a day on Instagram. Instagram follows Facebook, which is used 58 minutes a day.
39. We hit like 4.2 billion times a day
Instagram is one of the most engaging social media platforms. Every day, its users like posts 4.2 billion times.
40. Influencers choose Instagram
According to research, as much as 80% of influencers choose Instagram as their favorite collaboration platform. When it comes to influencer marketing, Instagram offers a considerable advantage.
41. Fortune 500 companies get 98.9% of interactions in the form of likes
A study focused on 40,000 Instagram posts showed that 98.9% of interactions between Fortune 500 companies and their followers are likes. Both small businesses and big brands can benefit from using this platform.
42. Instagram can boost your eCommerce conversions
Adding curated customer photos and reviews of your product from Instagram can contribute to an impressive uptick in conversion rate. There are several good apps on Shopify and BigCommerce that can help you with this.
Wrapping Up
Instagram is a very popular social network, and its user base continues to grow.
Besides, Instagram users are interested in marketing content so there’s no reason for a marketer to ignore it. However, if you want your Instagram marketing strategy to actually bring profits, you should know what content is the most popular, what audience is the most engaged, etc.
We hope that these stats will help you find the right direction for your marketing efforts, delivering the right content to the right people.
And let us know where you’re setting your focus for 2020. What’s the main number you’re monitoring?
0 Comments