Global FMCG Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global FMCG Market Overview:
"The FMCG Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Fastest moving consumer goods (FMCG) are those goods that are consumed by the consumer on daily basis and quickly sold at a competitive price. In addition, these products are mostly having a shorter lifespan as compared to durable goods. Examples of FMCG goods include toiletries, packaged food, over-the-counter (OTC) drugs such as aspirin, beverages, etc.
Global FMCG Market Dynamics:
Growing population across the world coupled with increasing disposable income is one of the major factors expected to drive revenue growth of the target market over the forecast period. In addition, these goods are an integral part of day-to-day life, as they are consumed in daily routine, for instance, toothpaste is one of the common products which is used to keep teeth clean.
These goods are often sold by various retail stores including supermarkets, hypermarkets, grocery stores, online stores, etc. Moreover, increasing penetration of smartphones and the Internet including social media has led to awareness regarding the availability of these products in the online stores which is a factor expected to support revenue growth of the global market.
Packaging of FMCG products plays an important role in sales, as packaging aids to add an aesthetic look to the product and attracts the consumer to buy items. Hence, to sustain in competitive market manufacturers are investing in the advancement of packaging technologies in order to increase sales which is another factor expected to propel target market growth.
Moreover, manufacturers are also adopting various strategies including the launch of new products at competitive prices and advancements in existing products which are expected to augment target market growth over the forecast period.
However, the fluctuating cost of raw materials is one of the major factors expected to hamper the growth of the global market. Moreover, fragmentation of the market is another factor expected to challenge the target market growth to a certain extent.
Global FMCG Market Segment Analysis:
Among product type segments, the food & beverages segment is expected to account for significant revenue shares in the global market, owing to the increasing consumption of packaged food and beverages.
Among distribution channel segments, the supermarkets & hypermarkets segment is projected to register significant growth, owing to the availability of multiple goods under one roof coupled with increasing disposable income.
Global FMCG Market Regional Analysis:
Asia Pacific FMCG market is projected to account for significant shares, in terms of revenue, owing to increasing urbanization which has led to a change in the lifestyle of the population. In addition, a growing working population and inclination toward enhancing the personal appearance is a factor expected to fuel demand for various personal care products including face creams, lotions, perfumes, etc., which turns in the growth of the global market in this region.
The FMCG market for North America is expected to register significant growth, owing to the strong presence of leading FMCG companies in this region. In addition, increasing consumption of ready-to-eat food items and beverages owing to the growing working women workforce is another factor projected to support revenue growth of the target market in this region.
Global FMCG Market Segmentation:
Segmentation by Product Type:
- Food & Beverage
- Health Care
- Personal Care
- Home Care
Segmentation by Distribution Channel:
- Grocery Stores
- Supermarkets & Hypermarkets
- Specialty Stores
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- The Coca-Cola Company
- Pepper Snapple Group, Inc.
- Johnson & Johnson
- Kimberly-Clark Corporation
- Patanjali Ayurved Ltd.
- PepsiCo, Inc.
- Procter and Gamble
- Revlon, Inc.
- Unilever Group
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