Consumer Goods

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 Hard Surface Flooring Market

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Coherent Market Insights Alcohol Market

Published Date : Nov 2023

The global alcohol market size is projected to reach US$ 1.70 billion by 2027, and register a CAGR of 3.1% over the forecast period (2019 - 2027). Market Overview Alcohol... View more

Coherent Market Insights Automotive Coatings Market

Published Date : Nov 2023

The global automotive coatings market size is projected to surpass US$ 27.9 billion by 2027, and register a CAGR of 4.1% over the forecast period (2019 - 2027). Market Overview ... View more

Coherent Market Insights Lyocell Fabric Market

Published Date : Jul 2022

Lyocell fibers are created by a solvent spinning technique, and cellulose undergoes no significant chemical change. Lyocell is an extremely sturdy fabric that is used for automotive filters, abrasive materials, ropes, bandages, and protective suiting material. It is p... View more

Coherent Market Insights Cis 3 Hexen 1 Ol Market

Published Date : Nov 2023

The global cis-3-hexen-1-ol market size is expected to witness potential gains in the future, and register a significant CAGR of 15.74% over the forecast period (2019 - 2027). Market Overview ... View more

Coherent Market Insights Crystalware And Glassware Market

Published Date : Nov 2023

Crystalware and glassware are products made from glass, which find applications in social gatherings, home décor, and other industrial applications. These products possess high refractive index and lower working temperature and viscosity. Soda lime glass, lead ... View more

Coherent Market Insights Water Bottle Racks Market

Published Date : Nov 2023

A fresh modular water bottle rack offers various assembly combinations along with many other benefits such as flexible capacity according our consumption, designed to carry a table top water dispenser, efficient storage volume, transportation, efficient use of floor s... View more

Coherent Market Insights Massage Pillow Market

Published Date : Nov 2023

Massage pillow uses innovative technology such as deep kneading massage nodes and massage rollers to relieve tension and induce relaxation of the neck, back, and shoulder pain. Massage pillows mitigates fatigue and promotes blood circulation in the body. Massage pillo... View more

Coherent Market Insights Plastic Pallet Market

Published Date : Apr 2023

The plastic pallets market is expected to be valued at 12,149 Million Units by 2030 and is expected to register a CAGR of 6.65% in terms of revenue over the forecast period (2023 – 2030). Plastic pallets are used in warehouses for storing raw materials as well a... View more

Coherent Market Insights Tissue Paper Market

Published Date : Apr 2023

The global tissue paper market was pegged at 79.0 Billion tons in 2022 and is expected to exhibit a CAGR of 6.80% in terms of volume over the forecast period (2023-2030), and is expected to reach 133.7 Billion tons by 2030. ... View more

Coherent Market Insights Duty Free Retailing Market

Published Date : Mar 2023

The global Duty Free Retailing Market size will be valued at US$ 38.95 Billion in 2022. The market is expected to grow from US$ 42.3 Billion in 2023 to US$ 75.37 Billion in ... View more

Coherent Market Insights Coconut Products Market

Published Date : Mar 2023

The coconut products market was valued at US$ 6.7 Billion in 2022 and is projected to reach US$ 13.6 Billion by 2030; it is expected to grow at a CAGR of 9.25% during the forecast period. Coconuts are highly nutritious as they are high in fibers; ... View more

Coherent Market Insights E Pharmacy Market

Published Date : Mar 2023

The Global E-pharmacy Beauty and Personal Care (BPC) Market is valued at US$ 60.99 Billion in 2022, and it is anticipated to attain a value of US$ 264 Billion by 2030, at a CAGR of 20.1 % over the forecast period (2023 - 2030). However, the present COVID-19 outbreak a... View more

Coherent Market Insights Portable Toilets Market

Published Date : Jan 2023

Portable Toilets Market Research focuses on the key trends prevailing in the Global Portable Toilets Industry sector. The existing Industry scenario has been studied and future projections with respect to the sector have also been investigated. Market study report com... View more

Coherent Market Insights Bidet Seat Market

Published Date : Mar 2023

Global Bidet Seat market was valued at US$ 3.53 Billion in 2022 and is projected to reach US$ 5.93 Billion by 2030,  exhibiting a CAGR of 6.7% from 2023 to 2030. Global bidet sea... View more

Coherent Market Insights Door Handles Market

Published Date : Jan 2023

A door handle is a type of handle that is normally affixed to a door to make it easier to open and close it. They are typically constructed of plastic, metal... View more

Coherent Market Insights Coffee Beauty Products Market

Published Date : Feb 2019

­­­Global Coffee Beauty Products Market – Insights Beauty products and personal care products (skin care, hair care, fragrances), are often infused with coffee bean extracts. Coffee beauty p... View more

Coherent Market Insights Insulated Food Container Market

Published Date : Jul 2022

Insulated food containers keeps food hot as well as cold and maintains the food at a temperature sought after by the consumer. It maintains the temperature for different food types, such as hot cuisines and cold such as ice creams. It is easy to store food for long in... View more

Coherent Market Insights Bakeable Trays Market

Published Date : Mar 2023

The Global Bakeable Market was valued at US$ 1,416.6 Million in 2022 and is expected to reach US$ 2,199.7 Million by 2030, registering a CAGR of 5.65% during the forecast period of 2023-2030. Bakeable trays or direct-... View more

Coherent Market Insights Luxury Travel Market

Published Date : Mar 2023

Global luxury travel market was valued at US$ 241.4 Billion in 2022, and is expected to exhibit a CAGR of 7.80% in terms of revenue, over the forecast period (2023-2030), to reach US$ 440.4 Billion by 2030. ... View more

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