Consumer Packaged Goods Market Size, Trends, Opportunities, New Product Developments, Competitive Landscape and Forecast by 2030
Introduction : The consumer packaged goods (CPG) market is a dynamic and ever-evolving sector that encompasses a wide range of everyday products, including food and beverages, personal care items, household essentials, and more. From global conglomerates to niche startups, companies in the CPG industry face intense competition, changing consumer preferences, and evolving market dynamics. In this article, we explore the competitive landscape of the CPG market, analyzing key trends, market drivers, and strategies employed by companies to stay ahead in this highly competitive space. Consumer Packaged Goods Market size was valued at USD 5,297.82 billion in 2022. The consumer packaged goods market industry is projected to grow from USD 5,483.24 billion in 2023 to USD 6,976.22 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.5% during the forecast period (2023 - 2030). Key Trends in the Consumer Packaged Goods Market: Shift Towards Health and Wellness : With a growin