Consumer Goods

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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

Coherent Market Insights

Paper Cups Market, By Cup Type (Hot Paper Cups, Cold Paper Cups), By End User (Quick Service Restaurants, Institutional, Other End Users), By Wall Type (Single-Wall Paper Cups, Double-Wall Paper Cups, Triple-Wall Paper Cups), By (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global paper cups market size was valued at USD 87.36 Billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.35% from 2022 to 2030. The market for paper cups is driven by changing lifestyles and changing eating habits of consumers.... View more

Coherent Market Insights

Cat Litter Market, By Product Type (Clumping, Non-clumping), By Raw Material (Clay, Silica), By Distribution Channel (Specialized Pet Shops, Internet Sales, Hypermarkets, Other Distribution Channels), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global cat litter market size was valued at USD 4,517.30 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.40% from 2022 to 2030. Increasing spending on pets healthcare products coupled with the rise in number of cat owners wo... View more

Coherent Market Insights

Luxury Concierge Service Market, by Service Type (Travel, Tourism, & Transportation, HoReCa, and Entertainment & Recreation), by End-User (Individual and Corporate), and by Region (North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

A concierge is an individual or company specializing in personal assistance or any other assistance services such as household management, lifestyle management, transportation, travel, and vacation planning, etc. and provides personalized services to its customers (us... View more

Coherent Market Insights

Wooden Decking Market, By Type (Pressure-treated Wood, RedWood, Tropical HardWood, Cedar, Wood-Plastic Composites (WPC), Other Types (Thermally Modified Wood, Acetylated Wood)), By Application (Railing, Floor, Wall, Other Applications), By End-User Industry (Residential, Non-residential), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Oct 2022

The global wooden decking market size was valued at USD 20,851.70 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.27% from 2022 to 2030. Wooden decking is becoming increasingly popular for both residential and commercial buildin... View more

Coherent Market Insights

Ayurvedic Toothpaste Market, By Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Pharmacies/Drug Stores, Other Distribution Channels) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Oct 2022

The global ayurvedic toothpaste market size was valued at USD 853.55 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 13.41% from 2022 to 2030. Demand for ayurvedic toothpaste is increasing due to the growing consumer preference fo... View more

Coherent Market Insights

Golf Equipment Market, By Product Type (Golf Clubs, Golf Balls, Golf Bags and Accessories, Apparel, Footwear), By Distribution Channel (Offline Stores, Online Stores), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Sep 2022

The global golf equipment market size was valued at USD 10,655.75 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.21% from 2022 to 2030. The market of golf equipment is witnessing strong growth on the account of rising golf tour... View more

Coherent Market Insights

Gaming Chair Market, By Chair Type (Table Gaming, Chair Hybrid, Gaming Chair, Platform Gaming Chair, Other Chair Types), By Distribution (Online, Offline), By End User (Residential, Commercial), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

A gaming chair has many benefits compared to a regular seat. Unlike normal chairs, which experience high-speed travel and extreme gravitational forces, a gaming chair is designed to be comfortable for the entire body, including the legs. Moreover, many models come wit... View more

Coherent Market Insights

Europe Maternity Wear Market, By Product Type (Top Wear, Bottom Wear, Dresses and Gowns, Innerwear), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, Retail, Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

Maternity Wear is clothing worn by women who are pregnant. The purpose of the clothing is to accommodate the change in body size during pregnancy. Maternity clothing originated during the middle ages and was only later made fashionable when women became more selective... View more

Coherent Market Insights

Europe Tissue and Hygiene Paper Market, By Product Type (Baby Diapers, Feminine Hygiene, Household Paper, Incontinence, Paper Tissues (Bathroom Tissue, Paper Napkins, Paper Towels, Facial Tissues, Specialty and Wrapping Tissue, Toilet Paper)), By Raw Material (Kraft, Sulfite, Recycled, Other Raw Materials), By Type (At Home, Away From Home) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jun 2022

Tissue and hygiene paper is widely used for a wide range of applications. In addition to their convenience, proper packaging maintains their value. With the growing urban population, tissue and hygiene paper packaging is seeing an increase in demand. In addition to to... View more

Coherent Market Insights

Swimwear Market, By Type (Women’s Swimwear, Men’s Swimwear, Goggles and Swim Caps), By Distribution Channel (Online Stores, Offline Stores), By Region(North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jun 2022

Swimwear is intended to be worn during sports related activities such as swimming. While the range of swimwear materials is vast in the market. Polyester is the most widely used synthetic fabric, with many benefits including resistance to chlorine and sunlight, easy-c... View more

Coherent Market Insights

Asia Pacific Cycling Wear Market, by Product Type (Clothing, Foot Wear, Head Gear, and Eye Wear), by Distribution Channel (Hypermarket, Specialty Stores, Direct to Consumer, Wholesalers, and Online) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Mar 2022

Cycling wear includes cycling wear apparel and accessories. Cycling clothing is worn to fit and support the body while cycling. These are stretchable and provides extra comfort to the wearer. Cycling wear apparel includes products such as shorts, jackets, leggings, gl... View more

Coherent Market Insights

MEA and India Baby Diapers Market, By Type (Cloth Diapers, Disposable Diapers (Ultra-Absorbent Diapers, Super-Absorbent Diapers, Regular Diapers, Biodegradable Diapers), Training Nappy, and Swim Pants) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

A baby diaper is referred to as nappy. It is classified as underwear that is designed to be worn by the baby as it absorbs the urine and prevents the leakage. Diapers are manufactured by a different class of materials known as super absorbent polymer, cellulose, ... View more

Coherent Market Insights

Caribbean Duty Free Retailing Market, by Product Type (Fragrance & Cosmetics, Wines & Spirits, Fashion & Accessories, Tobacco, Watches & Jewelry, Confectionary & Fine Foods, and Gifts and Others) and by Sales Channel (Air Terminals, Ports, and Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

Duty Free and travel retail is a type of retail that caters to overseas travelers. It is a substantial source of revenue with several marketing possibilities. One of the key elements fueling the expansion of the Duty Free and travel retail markets is the growing popul... View more

Coherent Market Insights

Snow Boots Market, by Product Type (Men, Women, and Children), by Distribution Channel (Online, Supermarkets, Direct Stores and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

Snow boots are specially designed for those people who usually spend a lot of time in snowy, muddy conditions, for instance, mountain trekkers, habitants of very high snow-fall regions, workers on road construction projects, and others. Farmers find snow boots useful ... View more

Coherent Market Insights

Wildlife Hunting Tourism Market, By Type (Big Game Trophy, Small Game Trophy, and Skill Hunting), By Species Type (Ungulates, Rodents, Birds, Carnivores, and Others), By Contribution (Transportation, Accommodation, Food & Dining, Equipment, and Others) and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

Wildlife hunting tourism has been one of the most controversial topics across the globe, owing to the rising wildlife conservations and environmental strategies. Currently, hunting tourism is considered as one of the complimentary activities for nature tourism compani... View more

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