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 : Dec 2023
Rubber dumbbells are widely used in gyms, fitness centers, and homes for various exercises by targeting different muscle groups. These dumbbells are known for their durability, versatility, and ease of use, thus making them a preferred choice among fitness enthusiasts... View more
Published Date : Dec 2023
The police baton market is a niche segment within the law enforcement equipment industry that caters specifically to the needs of police officers and security personnel. A police baton, also known as a nightstick or truncheon, is a handheld weapon used for self-defens... View more
Published Date : Dec 2023
The market for eco-friendly water bottle has been witnessing significant growth in recent years. With increassing awareness about the harmful effects of single-use plastic bottles on the environment, consumers are actively seeking sustainable alternatives. Eco-friendl... View more
Published Date : Dec 2023
Soundproof sealing strip is a customized rubber or foam strip used to make an airtight and soundproof seal between two surfaces. It is intended to increase acoustic insulation and energy efficiency by reducing the transmission of noise, vibration, and air infiltration... View more
Published Date : Dec 2023
Kid’s tricycles give young children and toddlers their first taste of independence and freedom. They probably recall it as a turning point in their lives and a rite of passage. Finding the ideal tricycle for a young child might be difficult, though, as there are... View more
Published Date : Dec 2023
Sanitary pads/napkins, panty liners, tampons, and feminine hygiene wash are some of the widely used feminine hygiene products. Sanitary pads/napkins, panty liners and tampons are worn by women during menstruation. The feminine hygiene products are segmented into sanit... View more
Published Date : Nov 2023
Traditionally a staple for the exterior of boats, bulkhead lights are now a popular design choice for unique interior spaces. The industrial look of a bulkhead light is ideal for unique spaces with an exposed structure, such as a rustic wood finish or concrete surface... View more
Published Date : Nov 2023
Global Back Stretchers Market is estimated to be valued at US$ 162.2 Mn in 2023 and is projected to reach US$ 222.3 Mn by 2030, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period of 2023-2030. Growth of the back stretchers market is driven by several factors, i... View more
Published Date : Nov 2023
The Global Monofilament Fishing Line Market size was valued at US$ 382.4 Mn in 2023 and is expected to reach US$ 503.3 Mn by 2030, grow at a compound annual growth rate (CAGR) of 4% from 2023 to 2030. Monofilament fishing lines are single-strand lines made of nylon or other polymers, known for thei... View more
Published Date : Nov 2023
The Global Rescue Pole Market size was valued at US$ 10.62 billion in 2022 and is expected to reach US$ 42.71 billion by 2030, grow at a compound annual growth rate (CAGR) of 19% from 2023 to 2030. This market is driven by factors such as increasing safety regulations, growing awareness of workplace... View more
Published Date : Nov 2023
The Global Enzymatic Cleaner Market size was valued at US$ 1.71 billion in 2023 and is expected to reach US$ 2.71 billion by 2030, registering a CAGR of 6.8% during the forecast period. The increasing demand for eco-friendly and sustainable cleaning products is one of the key factors driving the gro... View more
Published Date : Nov 2023
Global Cotton (Linter) Pulp Market size is estimated to be valued at US$ 367.1 Mn in 2023 and is expected to reach US$ 947.1 Mn by 2030, exhibiting a compound annual growth rate (CAGR) of 14.5% from 2023 to 2030. The market for cotton (linter) pulp is influenced by factors such as global cotton pro... View more
Published Date : Nov 2023
The global fender rope market size is projected to grow from US$ 492.6 Mn in 2023 to US$ 679.4 Mn by 2030, at a CAGR of 4.7% during the forecast period. The growth of the market is attributed to the increasing demand for fender ropes in the marine industry, growing shipbuilding activities, and risin... View more
Published Date : Nov 2023
Specifically created to give a high concentration of active ingredients to treat various skin-related conditions, cosmetic face serum is a skin care product. Serums are thicker than moisturisers and transparent, liquid, or gel-based skin care solutions. There are vari... View more
Published Date : Nov 2023
Cycling tourists are a highly important niche in the tourism industry. The literature should further examine and identify their characteristics, in order to develop new themes and research directions. Tour cyclists with changing accommodations are interested in explor... View more
Published Date : Nov 2023
The online home decor market size is expected to reach US$ 206.05 billion by 2030, from US$ 97.39 billion in 2023, growing at a CAGR of 11.3% during the forecast period. Online home decor includes products such as furniture, textiles, decorative accessories, and more that are purchased online for re... View more
Published Date : Nov 2023
The Foot Creams and Lotions Market size is expected to reach US$ 6.66 billion by 2030, from US$ 3.51 billion in 2023, growing at a CAGR of 9.6% during the forecast period. Foot creams and lotions are skincare products designed specifically for the feet. They provide moisturization, exfoliation, and ... View more
Published Date : Nov 2023
The cigar cutter market size is expected to reach US$ 228.4 million by 2030, from US$ 139.5 million in 2023, at a CAGR of 7.3% during the forecast period. A cigar cutter is a tool used to cut the end of a cigar before smoking it. Cigar cutters come in a variety of styles like guillotine, punch, V-cu... 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