About Fast Moving Consumer Goods
Historically, population growth and gains in consumer spending have increased. FMCG here plays a vital role in the changing in consumer need and habits are changing. Fast moving consumer goods also known as consumer packaged goods, refers to those products that are sold quickly and consumed on regular basis. The most common things in the list are toilet soaps, detergents, shampoos, toothpaste, shaving products, shoe polish, packaged foodstuff and household accessories. The term even extends to certain electronic goods. These items are meant for daily or frequent consumption. and The FMCG industry primarily engaged in the production, distribution and marketing of consumer packaged goods. It includes companies which include food production, packaged goods, beverages, clothes, automobile and electronics. Fast –moving consumer goods (FMCG) are sold out quickly and a proper strategic approach has to be followed in manufacturing, advertising and logistics to gain a competitive advantage
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
CAGR | 4.81% |
The FMCG landscape is constantly evolving, driven by changing consumer preferences, technological advancements, and economic factors. To thrive in this competitive environment, companies need to be agile, innovative, and adaptable. Embracing sustainability, personalization, and digital technologies will be key to success in the future of FMCG.The Vendors having a strong hold in the market are Nestle, Procter & Gamble, PepsiCo, Unilever. Analyst at AMA Research estimates that United States, Indian Vendors will contribute the maximum growth to Global Fast Moving Consumer Goods market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Colgate –Palmolive (United States), Johnson & Johnson (United States), Procter & Gamble (United States), Pepsi (United States), Coca Cola (United States), Nestle (Switzerland), AB InBev (Belgium), JBS S.A. (Brazil), HUL (India) and ITC Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Parle Agro (India), Britannia Industries Limited (India), Marico Limited (India), Godrej Group (India) and Amul (India).
Segmentation Overview
AMA Research has segmented the market of Global Fast Moving Consumer Goods market by Type (Protective packaging, Flexible packaging, Paper-based packaging, Rigid plastic packaging, Custom packaging and Others), Application (Household Care, Personal Care, Healthcare and Food & Beverage) and Region.
On the basis of geography, the market of Fast Moving Consumer Goods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Influencing Trend:
Change in Lifestyle and Increasing disposable income in developing economies and Healthy junk food is emerging as a snack food trend
Market Growth Drivers:
Shifting Economic Power and Growing popularity of FMCG product
Challenges:
Poor Economic situation globally and Intensifying competition in FMCG sector
Restraints:
Tax and regulatory structure and Lack of Infrastructure
Opportunities:
Untapped rural Market, Export Potential, Various Product enhancement in FMCG and High consumer goods spending
Market Leaders and their expansionary development strategies
In June 2023, Unilever and The Body Shop: Seeking to strengthen its sustainability efforts, Unilever acquired The Body Shop, a British cosmetics and toiletries retailer. This partnership aimed to combine Unilever's expertise in sustainability with The Body Shop's strong ethical values and commitment to natural ingredients.
In December 2023, Reliance FMCG's "Independence" Brand: Reliance Retail, a major player in India, launched its own FMCG brand "Independence" Targeting a wide range of daily essentials, the brand emphasizes locally developed, high-quality products at affordable prices.
Key Target Audience
Manufacturers of FMCG, Importers and exporters of FMCG, Traders, distributors, and suppliers of FMCG and End users (food & beverage, healthcare, industrial goods, automotive, household appliances, and consumer electronics industries)
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.