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,

  • Product differentiation refers to the ability of a seller to show how their product or service id different from other competitors. This is one of the major challenges faced by players operating in the consumer goods industry.
  • Adherence to various government regulations across different regions.
  • Changing consumer habits
  • Falling prices due to rise in competition is a major worrying factor for manufacturers. Companies are struggling to maintain product quality in accordance with the rising manufacturing cost.
  • Relaxation of import regulations is creating tough competition between local industries and leading brand industries.

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,

  • Retail and Consumer Goods Analytics summit 2017, Chicago.
  • 14th Annual Consumer Goods sales and marketing summit 2017, New York.
  • 61st Global summit for CGF 2017, Berlin, Germany.
  • The CGF sustainable Retail summit 2017, Montreal.
  • The Future Leader Congress – 2017, Stockholm.

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:

  • ABInbev-SABMiller and Kraft Heinz - accounted for US$ 175 billion
  • Brazil’s JBS expanded its operations to Europe with the acquisition of Moypark and Heineken, and purchasing four mid-sized businesses in emerging markets.

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Consumer Goods Published Insights

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Published Date : Jul 2023

Glass tableware is a broad category of tableware that includes serving dishes, glass vessels, tablecloths, tea sets, decanters, cutlery sets, and plaques. Some common glass tableware items include serving bowls, cocktail glasses, ice buckets, flutes, goblets, pitchers... View more

Coherent Market Insights Brics Oral Care Market

Published Date : Jul 2023

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Coherent Market Insights Household Cooking Appliances Market

Published Date : Jul 2023

A home appliance, also known as a domestic appliance, a commercial appliance, or a kitchen appliance, is basically a machine that helps in various household activities like cooking, washing, and food preparation. Different types of cooking appliances are available tod... View more

Coherent Market Insights Black Quinoa Market

Published Date : Jul 2023

The dark color of quinoa is due to high anthocyanin concentration of black quinoa. Anthocyanins are antioxidant that protects cells from UV rays and free radical damage. Antioxidants offers protection against diseases such as cancer and heart disease. Black quinoa&nbs... View more

Coherent Market Insights Coated Fabrics Market

Published Date : Jul 2023

According to Coated Fabrics Market Report. Coated Fabrics Market, By Material Type (Rubber Coated, Polymer Coated, and Other Material Type), By Application (Commercial Tents, Furniture, Industrial, Protective Clothing, Transportation, and Others) By Region (North Amer... View more

Coherent Market Insights Smartwatches Market

Published Date : Jul 2023

Smart watches are wearable computing devices that resemble wristwatch but come with added advanced features such as weather update, messaging, enable call making, connection to the internet, Bluetooth-enabled, GPS, and more. Moreover, it also offers an answering messa... View more

Coherent Market Insights Tire Chord And Tire Fabrics Market

Published Date : Jul 2023

Tire cords and tire fabrics are produced using high-quality yarns, resulting in fabrics with exceptional properties such as enhanced abrasion resistance, superior tensile strength, and precise deformation control. These versatile cords and fabrics find application in ... View more

Coherent Market Insights Membrane Bioreactor Mbr Systems Market

Published Date : Jul 2023

Membrane bioreactor is one of the high-efficient wastewater treatment technology as it uses a microbial process. It separates the effluent from wastewater via a filtration membrane. Moreover, membrane bioreactor is a high-speed process and also offers better environme... View more

Coherent Market Insights Asia Pacific Chocolate Market

Published Date : Jul 2023

Chocolate is prepared with roasted and ground cacao seeds that are made in the form of paste, block, and liquid. Chocolate can be used as a flavoring agent in various food applications. It has numerous health benefits and has a unique and sweet taste. Its consumption ... View more

Coherent Market Insights Micro Irrigation Systems Market

Published Date : Jul 2023

Micro irrigation systems provide water to the crop at frequent intervals to the surface of the soil. They are basically low- or medium-pressure systems that provide water in the form of spray, drip, and sprinkles. Micro-irrigation is an efficient solution as compared ... View more

Coherent Market Insights Canned Tuna Market

Published Date : Jul 2023

Canned tuna is an important source of nutrients needed for healthy development of the heart, brain and body. Canned tuna contains important nutrients such as omega-3 fatty acids, high-quality protein, vitamins and selenium. Canned tuna is highly nutritious and has a l... View more

Coherent Market Insights Industrial Protective Footwear Market

Published Date : Jul 2023

Industrial protective footwear provides protection against injuries caused due to harsh industrial conditions. Industrial protective footwear is manufactured using different materials such as leather, rubber, and plastic. The construction, mining, manufacturing, chemi... View more

Coherent Market Insights Hearth Market

Published Date : Jul 2023

Hearth is utilized in homes widely for heating and cooking food since ancient times. Hearth is also used for heat processing of some kinds of stones, faunal, floral resources, and wood. Hearths find its application in various sectors such as commercial, residential, a... View more

Coherent Market Insights Sterile Bottles Market

Published Date : Jun 2023

Sterile bottles are bottles that are treated at very high temperatures for making them germ-free. The sterile bottles are either refrigerated or stored in air-sealed plastics, as it helps in keeping the containers free from contamination.  ... View more

Coherent Market Insights Footwear Sole Material Market

Published Date : Jun 2023

Footwear sole material is produced from various materials such as PVC, rubber, PU, vulcanized rubber, and leather. Footwear provide comfort and a wide range of performance for outdoor activities. PVC and rubber are two common materials used for the manufacturing of the shoes as they provide ideal... View more

Coherent Market Insights Disposable And Reusable Mask Market

Published Date : Jun 2023

Masks are used for preventing harmful substances in the air from entering the respiratory system and keeping the respiratory system healthy. Masks are used across a wide range of industries such as medical, oil & gas, chemical, construction, and mining amongst oth... View more

Coherent Market Insights Mena Pou Water Purifier Market

Published Date : Jun 2023

Water purifiers cater to various end-use applications such as household water purifying, industrial water treatment, and commercial purposes. Owing to their varying applications, water purifiers are available in different types of technologies, such as reverse osmosis... View more

Coherent Market Insights Oil Filter Elements Market

Published Date : Jun 2023

A good oil filter element is a vital component that is used to remove contaminant particles from circulating in engine and hydraulic machines. The contaminant particles are removed to prevent them from damaging the machine parts and components. Oil filters come in var... View more

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