US.: +1-650-918-5898
UK.: +44-020-8133-4027
AUS.: +61-2-4786-0457
INDIA: +91-848-285-0837
Consumer goods (CG) industry provides a wide range of daily usable products that are manufactured according to individual usage and as per end user requirements. Consumer goods industry is a flourishing and intensifying industry due to its fast processing and quick customer services. Consumer goods mainly consist of food products and beverages, healthcare products, cosmetics products, household cleaning... View more
Consumer goods (CG) industry provides a wide range of daily usable products that are manufactured according to individual usage and as per end user requirements. Consumer goods industry is a flourishing and intensifying industry due to its fast processing and quick customer services. Consumer goods mainly consist of food products and beverages, healthcare products, cosmetics products, household cleaning products, variety of home appliances, electrical & electronic goods and so on. On the basis of product durability, consumer goods are divided into two categories; durable consumer goods and non-durable consumer goods. Durable consumer goods consist of long lasting products whereas non-durable consumer goods mainly include single usable products. Non-durable consumer goods are referred as fast moving consumer goods (FMCG) or consumer packaged goods (CPG). Demand for non-durable consumer goods is more than durable consumer goods due to their less shelf life. Durable consumer goods have high life span of one to three years which leads to comparatively lesser investment by end users. Durable consumer goods are further sub divided into white consumer goods (air conditioners, refrigerators, and washing machines), brown consumer goods (mixers, grinders, iron, and fans) and electronics consumer goods (TVs, PCs, cameras, and mobile phones).
Opportunities to be a part of global consumer goods industry
Over the last 25 years, the consumer goods industry has demonstrated high growth in comparison with other goods industries. Continuously increasing demand of consumer goods across the world is drawing attention of manufacturers, retailers, management authorities to invest in this industry. Rapid urbanization, coupled with changing lifestyle is driving demand for consumer goods from end user industries. These industries hold a high share in social as well as economic growth of the country as they create bulk employment opportunities. The consumer goods industry depends on technology by other industries to sustain its products in the market. Latest technology such as Internet of Things (IOT) is helping the consumer goods industry towards better use of data to benefit retailers and customers. Increasing health awareness is driving demand for personal healthcare products. Demand for private labeled consumer goods is attracting global manufacturers and retailers to invest more. Proliferation of social networking services is allowing manufacturers of consumer goods to advertise their products and expand their consumer base. Changing government regulations such as the government of India's relaxation of license rules and approval of 51% foreign direct investment (FDI) in multi-brand and 100% in single-brand retail are driving the growth of the consumer goods industry. Significant trade of consumer goods across the globe is also favoring the growth of this industry.
Changing lifestyle of consumers is also contributing to the growth of the consumer goods market. In 2016, North America dominated the global consumer goods market and the trend is expected to continue due to increasing health awareness in the region. The FMCG industry contributes 6% of the U.S GDP. The increasing population along with specific brand demand has made Asia Pacific the second largest market in the global consumer goods market. According to India Brand Equity Foundation, the revenue share of the FMCG industry in India has increased by 11% over the last decade. Urban markets account for the major share (65%) of the total revenue generated by the consumer durables industry in India. In 2015, revenue generated by the consumer durables industry in India was US$ 9.7 billion, which further increased to US$ 12.5 billion in 2016. There is a lot of scope for growth from rural markets with consumption expected to grow over the forecast period. Latin America is expected to exhibit significant growth in the next 10 years due to influence of the western culture and rising demands for consumer goods in the region.
Key challenges in front ofglobal consumer goods Industry
To compete in global market, consumer goods industries should be aware of all operational, marketing challenges such as,
Key global summits for consumer goods industry
Global summits are helpful for new industries to gain knowledge because issues such as product analysis techniques, opportunities for profitable growth in the global market, retail regulations, recent trend and challenges in industries and many more are discussed by CG industry experts. For instance,
Key players in global consumer goods industry
Some of the leading players operating in the global consumer goods market are Nestle SA, The Procter & Gamble Company, Unilever PLC, PepsiCo Inc., The Coca Cola Company, Imperial Tobacco Group, Anheuser Bush InBev SA, JBS SA, Mondelez International Inc., Tyson Food Inc., LL’Oréal SA, Phillip Morris International, 3M Company, Danone, Heineken N.V., Nike Inc., British American Tobacco PLC, SABMiller PLC, Henkel AG & Co. Kirin Holding Company ltd, Kimberley-Clark Corporation, Adidas AG, Whirlpool Corporation, Archer Daniels Midland Company.
The two mega mergers in the global consumer goods industry:
View less
Published Date : Jan 2024
Digital artwork refers to any form of artistic expression that is created using digital technology. With the advancement of technology and the widespread use of computers and the internet, digital artwork has become increasingly popular and accessible. Digital artists... View more
Published Date : Jan 2024
Dog bicycle trailer is a unique and convenient accessory for pet owners who want to take their furry friends along on their cycling adventures. This innovative product provides a safe and comfortable space for dogs to ride in while their owners pedal away, ensuring bo... View more
Published Date : Jan 2024
Work boots are a type of footwear specifically designed to provide protection and support to individuals working in hazardous environments. They are equipped with various safety features such as reinforced steel toes, slip-resistant soles, and electrical hazard protec... View more
Published Date : Jan 2024
Sustainable fashion has gained significant attention in recent years as consumers become more conscious of the environmental and social impacts of the fashion industry. This shift in consumer behavior has led to a growing demand for ethically produced and sustainable ... View more
Published Date : Jan 2024
Circular fashion is a growing trend in the fashion industry that focuses on creating a more sustainable and environmentally friendly approach to clothing production and consumption. This concept aims to minimize waste and maximize the use of resources by emphasizing t... View more
Published Date : Jan 2024
Fast fashion is a term that refers to the fast-paced, low-cost production and distribution of clothing items that are inspired by the latest fashion trends. With its roots in the early 2000s, fast fashion has revolutionized the fashion industry by offering affordable ... View more
Published Date : Jan 2024
Dark kitchens, also known as ghost kitchens or cloud kitchens, have emerged as a disruptive force in the food industry. These kitchens operate solely for the purpose of food delivery, with no dine-in option for customers. By focusing on optimizing delivery operations,... View more
Published Date : Jan 2024
The pedicure unit market has witnessed significant growth in recent years, driven by the increasing demand for advanced and luxurious spa treatments. Pedicure units are specially designed equipment used in salons and spas to provide therapeutic foot-care treatments. T... View more
Published Date : Jan 2024
Labor productivity tracking is a critical aspect of any business, as it allows organizations to monitor and analyze employee performance and overall efficiency. It involves measuring and evaluating the output of labor inputs to determine individual and collective prod... View more
Published Date : Jan 2024
Custom shoes have become a popular choice for individuals looking for unique and personalized footwear options. These shoes are designed and crafted according to the specific preferences and requirements of the customers, allowing them to express their individuality a... View more
Published Date : Jan 2024
Under eye serum is a skincare product that is specifically designed to target the delicate skin under the eyes. This area is particularly prone to issues such as dark circles, puffiness, and fine lines, thus making it a common concern for many individuals. The demand ... View more
Published Date : Jan 2024
Fashion ecommerce has revolutionized the way people shop for clothing and accessories. With the advancement of technology and the widespread use of the internet, online shopping platforms have gained immense popularity in the fashion industry. This new trend offers co... View more
Published Date : Jan 2024
Cutting boards are an essential tool in every kitchen that provides a sturdy and hygienic surface for preparing food. These come in various materials such as wood, plastic, and bamboo, offering different advantages and characteristics. ... View more
Published Date : Jan 2024
Sports hospitality is a significant segment of the hospitality industry that focuses on providing unique and memorable experiences to sports enthusiasts. It involves offering premium services and amenities to spectators, sponsors, and corporate guests during sports ev... View more
Published Date : Jan 2024
Plastic toy storage is a convenient solution for organizing playrooms. Being surrounded by children means having toys, challenges and keeping them organized. Plastic toy storage has become a popular solution for parents and caregivers looking to maintain a tidy ... View more
Published Date : Jan 2024
Tattoo aftercare products play a crucial role in tattoo healing and maintaining the quality of tattoos. Tattoo aftercare products are skincare products specially designed to help safeguard the removal of tattoos and protect it from damage or infectious disease. The ta... View more
Published Date : Dec 2023
Facial tissue, also known as facial paper or tissue paper, is a widely used personal care product that is designed for facial cleansing and hygiene purposes. It is commonly used for wiping the face, removing makeup, or blowing the nose. Facial tissue is made from soft... View more
Published Date : Dec 2023
Boxing equipment includes gloves, hand wraps, punching bags, protective gear, training equipment, and apparel. These products are designed to provide safety, comfort, and performance enhancement to boxers during training and competitions. Mouthguards shield the teeth ... View more
Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.
860519526
9001:2015
27001:2022