Consumer Product And Retail Market
Consumer products, sometimes also known as finished products, are products bought by consumers for personal consumption. For instance, toothpaste is considered a consumer good because it is purchased and used directly by the consumer daily. Products that fall under this category are usually sold in bulk and are used by a wide variety of customers. Examples of products within this category include foods, cosmetics, electrical appliances, clothing, and other consumer goods. These goods can be made from any number of different raw materials and can range from everyday items to art objects. There are three broad types of consumer products that are often considered unsolicited. The first is the most commonly recognized type which is convenience products.
Market Dynamics
Rapid urbanization is expected to boost the global consumer products and retail market growth during the forecast period. According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, adding another 2.5 billion people to urban areas. According to the same source, the global urban population is growing rapidly from 751 million in 1950 to 4.2 billion in 2018. This, in turn, has led to the rapid growth of the retail industry in emerging economies such as India and China.
Moreover, increasing industrialization is expected to accelerate growth of the global consumer products and retail market in the near future.
Key features of the study:
Detailed Segmentation:
*Browse all the market data tables and figures on “Global Consumer Products and Retail Market- Forecast to 2028”
Table of Contents:
*Browse 24 market data tables and 28 figures on "Global Consumer Product and Retail Market” – Global forecast to 2030
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