Global B2C E-Commerce Market 2023

Global B2C E-Commerce Market 2023

Argentina is set to experience the biggest B2C E-Commerce market growth by 2025: new yStats.com report.

Developed B2C E-Commerce markets are expected to undergo a significant decline in growth

Globally, the B2C E-Commerce market experienced a peak growth during the pandemic years and is further projected to witness the smallest growth since many years prior. The growth rate is shifting from a continuous double-digit percentage in annual growth until 2022 to a lasting single-digit percentage from 2022 onward. This trend is particularly evident in developed markets such as the U.S. and Europe, which are forecasted to encounter single-digit growth in market size by 2027. These projections align with the findings from yStats.com.Interestingly, the Asia-Pacific region is positioned to lead in B2C E-Commerce sales value, surpassing North America and Western Europe. Furthermore, China is expected to establish its dominance over the U.S. and Europe in terms of B2C E-Commerce sales value by 2025, with its value almost ten times that of the U.S. value alone.Latin America displays major growth potential post pandemic

Conversely, while developed markets experience restrained growth, Latin America stands out as a region with significant post-pandemic growth potential. Latin America is projected to display a mid-range double-digit Compound Annual Growth Rate (CAGR) in its B2C E-Commerce market between 2022 and 2025. Notably, in 2022, Brazil held a prominent lead in B2C E-Commerce market size, followed by Mexico and Argentina. Intriguingly, Argentina, despite ranking third in market size in 2022, is anticipated to exhibit the most substantial CAGR in the region by 2025. These observations underscore the considerable growth potential outlined in the recent ystats.com publication.