Historically, population growth and gains in consumer spending have increased. FMCG here plays a vital role in the changing in consumer need and habits are changing. Fast moving consumer goods also known as consumer packaged goods, refers to those products that are sold quickly and consumed on regular basis. The most common things in the list are toilet soaps, detergents, shampoos, toothpaste, shaving products, shoe polish, packaged foodstuff and household accessories. The term even extends to certain electronic goods. These items are meant for daily or frequent consumption. and The FMCG industry primarily engaged in the production, distribution and marketing of consumer packaged goods. It includes companies which include food production, packaged goods, beverages, clothes, automobile and electronics. Fast –moving consumer goods (FMCG) are sold out quickly and a proper strategic approach has to be followed in manufacturing, advertising and logistics to gain a competitive advantageAccording to AMA, the market for Fast Moving Consumer Goods is expected to register a CAGR of 4.81% during the forecast period to 2026. This growth is primarily driven by Shifting Economic Power and Growing popularity of FMCG product.
Globally, a noticeable market trend is evident Change in Lifestyle and Increasing disposable income in developing economies
. The Consumer Goods sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Colgate –Palmolive (United States), Johnson & Johnson (United States), Procter & Gamble (United States), Pepsi (United States), Coca Cola (United States), Nestle (Switzerland), AB InBev (Belgium), JBS S.A. (Brazil), HUL (India), ITC Ltd. (India), Parle Agro (India), Britannia Industries Limited (India), Marico Limited (India), Godrej Group (India) and Amul (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
People are becoming conscious about health and hygiene. There is a willingness to move to evolved products and brands, because of changing lifestyles, rising disposable incomes, etc. Consumers are switching from economy to premium product for instance, sharp increase in the sales of packaged water and water purifiers.
- Shifting Economic Power
- Growing popularity of FMCG product
- Change in Lifestyle and Increasing disposable income in developing economies
- Healthy junk food is emerging as a snack food trend
- Tax and regulatory structure
- Lack of Infrastructure
Untapped rural Market, Export Potential, Various Product enhancement in FMCG and High consumer goods spending
Poor Economic situation globally and Intensifying competition in FMCG sector
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fast Moving Consumer Goods Study Sheds Light on
The Fast Moving Consumer Goods Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Fast Moving Consumer Goods industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fast Moving Consumer Goods industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Fast Moving Consumer Goods Market?
The Fast Moving Consumer Goods market is expected to see a CAGR of 4.81% during projected year 2020 to 2026.2. Who are the top performing companies in Fast Moving Consumer Goods Market?
Top performing companies in the Global Fast Moving Consumer Goods market are Colgate –Palmolive (United States), Johnson & Johnson (United States), Procter & Gamble (United States), Pepsi (United States), Coca Cola (United States), Nestle (Switzerland), AB InBev (Belgium), JBS S.A. (Brazil), HUL (India), ITC Ltd. (India), Parle Agro (India), Britannia Industries Limited (India), Marico Limited (India), Godrej Group (India) and Amul (India), to name a few.3. Which region dominated the worldwide market for Fast Moving Consumer Goods in 2020?
North America is dominating the Fast Moving Consumer Goods Market.