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In 2024 Depop generated approximately ***million U.S. dollars in revenue. This is almost times the revenue the company reportedly earned in 2019.

Depop doesn’t stop

Depop is a peer-to-peer secondhand online shop headquartered in London, United Kingdom. The popular e-commerce store specializes in fashion, shoes, bags, and other accessories. In May 2022, users worldwide visited depop.com approximately *** million times. The platform has over ** million registered users, *** million active buyers, and *** million active sellers. According to a survey, among online second-hand shoppers in the UK, Depop was popular with around a fifth of respondents. In April that same year, users around the world downloaded the Depop app over ** times.

A second-hand demand

Worldwide, the second-hand apparel market was valued at *** billion U.S. dollars in 2022. By 2026, this figure is forecast to reach *** billion dollars. In the United States, nearly seven in ten second-hand sellers use online platforms for reselling purposes. Consumers buy pre-loved items online primarily to spend less. Saving money was the driving force behind ** percent of shoppers in Germany purchasing pre-loved items. In addition, consumers worldwide second-hand shop to create less waste and have a wider selection of products.