Fast Moving Consumer Goods Market Growth Drivers Challenges, Trends and Industry Dynamics, Forecast by 2030

 

The Fast Moving Consumer Goods (FMCG) market, also known as the consumer packaged goods (CPG) market, is a dynamic and diverse sector that encompasses a wide range of everyday products. From food and beverages to personal care and household items, FMCG products are essential staples in households worldwide. In this article, we delve into the intricacies of the FMCG market, exploring its key characteristics, major players, and evolving trends.

Fast Moving Consumer Goods Market Size was valued at USD 15,315.25 billion in 2021. The Fast Moving Consumer Goods market industry is projected to grow from USD 15,829.84 billion in 2022 to USD 22,863.25 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.56% during the forecast period (2023 - 2030). 

Overview of the FMCG Market

The FMCG market consists of products that are consumed frequently and have a relatively short shelf life. These goods are typically low-cost and sold in large volumes, making them essential items for daily living. Examples of FMCG products include packaged foods, toiletries, cleaning products, and over-the-counter medications. Due to their high demand and rapid turnover, FMCG products are a significant driver of revenue for retailers and manufacturers alike.

Key Companies in the Fast Moving Consumer Goods market include

• Nestle S.A.
• Pepsico Inc.
• Coca Cola
• Unilever
• Tyson Foods
• Procter & Gamble Co.
• L'OREAL SA
• ANHEUSER-BUSCH INBEV
• JBS Foods
• Kraft Heinz

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Fast Moving Consumer Goods Industry Developments

March 2021 Nestle Sa has launched its two new syrup categories which ultimately taste like freshly-baked cookies. The launch of this product further enhances the sectoral growth of the business..

March 2021 Nestle SA has introduced a new chocolate sweet syrup flavor that can be added to the ice creams which has been inspired by the signature cookie dough.

July 2021 PepsiCo announced its new products with reduced sugar content by 25% in sodas and iced tea in the European region. Through this technology the company aims to catch the attention of health-conscious consumers.

June 2023 Nestle SA has launched its two new plant-based dairy alternative products, under its Barista brand name. The development has taken place in the Chinese market wherein it will focus on the oat and pea-based food products in the market.

Key questions answered in the report:

• Which are the five top players of the Fast Moving Consumer Goods market?
• How will the Fast Moving Consumer Goods market change in the next five years?
• Which product and application will take a lion’s share of the Fast Moving Consumer Goods market?
• What are the drivers and restraints of the Fast Moving Consumer Goods market?
• Which regional market will show the highest growth?
• What will be the CAGR and size of the Fast Moving Consumer Goods market throughout the forecast period?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 16

2 MARKET INTRODUCTION 23

3 RESEARCH METHODOLOGY 26

4 MARKET DYNAMICS 32

5 MARKET FACTOR ANALYSIS 43

6 GLOBAL FAST MOVING CONSUMER GOODS MARKET, BY TYPE 56

7 GLOBAL FAST MOVING CONSUMER GOODS MARKET, BY PRODUCTION TYPE 66

8 GLOBAL FAST MOVING CONSUMER GOODS MARKET, BY DISTRIBUTION CHANNEL 69

9 GLOBAL FAST MOVING CONSUMER GOODS MARKET, BY REGION 73

10 COMPETITIVE LANDSCAPE 102

11 COMPANY PROFILES 107

12 APPENDIX 147

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