Investing.com — In line with a latest word from Morgan Stanley, Simply Eat Takeaway (JET) and Deliveroo (OTC:) are well-positioned in Europe’s aggressive meals supply panorama, holding robust market shares throughout a number of international locations.
The funding financial institution offered an in-depth have a look at market share dynamics for main meals supply gamers in Europe, together with JET, Deliveroo, Supply Hero, Uber (NYSE:) Eats, and DoorDash (NASDAQ:) (Wolt), significantly in Western Europe.
Morgan Stanley highlights that JET enjoys a number one market place in key European markets, commanding a mean market share of round 43% throughout 11 international locations.
“JET has a excessive share (c.43%) on common throughout the 11 international locations assessed, with robust management positions in bigger TAM geographies, akin to Germany (84%), the Netherlands (66%) and the UK (41%), and a quantity two place in 2 extra of the markets assessed on our knowledge,” wrote Morgan Stanley.
The report notes that market share developments for JET have stabilized in core markets after going through strain lately.
Deliveroo additionally holds a strong place, rating because the second-largest participant in 4 out of 5 key markets with a mean market share of 29%, in keeping with Morgan Stanley.
Moreover, Deliveroo is claimed to take care of the third spot in its remaining market, with its market share remaining steady in its core UK area and different territories.
The Morgan Stanley word means that Europe’s meals supply market remains to be ripe for consolidation, as most international locations characteristic both two or three main gamers.
“We proceed to see potential for the panorama to consolidate additional, significantly as our European protection focuses on bettering profitability and money era,” states the financial institution. “This might doubtlessly end in corporations exiting much less worthwhile markets, the place they could have decrease share.”