US.: +1-650-918-5898
UK.: +44-020-8133-4027
AUS.: +61-2-4786-0457
INDIA: +91-848-285-0837
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,
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,
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:
View less
Published Date : Sep 2024
The global vitamin supplements market has been witnessing steady growth over the past few years owing to the rising health consciousness among consumers and growing awareness about the importance of micronutrients for overall well-being. Vitamin supplements help ensur... View more
Published Date : Sep 2024
With rising concerns about the depletion of non-renewable energy sources and the adverse environmental impacts of carbon emissions, the global focus on sustainability and renewable energy is increasing. Solar energy, being a clean and easily available source, is at th... View more
Published Date : Sep 2024
Erotic lingerie refers to intimate apparel designed to be aesthetically appealing. Rising demand for designer intimates among women for special occasions and increasing popularity of elegant nightwear among couples are some of the key factors driving the market growth... View more
Published Date : Sep 2024
Global disinfectant wipes market has witnessed growth in recent years due to COVID-19 pandemic and increased focus on hygiene and cleanliness. Disinfectant wipes are easy to use and effective in killing germs and bacteria on surfaces. These are commonly used for disin... View more
Published Date : Sep 2024
The global contactless payment ring market is witnessing high growth due to the rising demand for convenient and secure payment solutions. Contactless payment rings allow users to pay for their transactions by waving their hand near a payment terminal instead of using... View more
Published Date : Sep 2024
The global flower pots and planters market has been growing at a steady rate over the past decade owing to increasing demand for aesthetically pleasing home and office décor items. Flower pots and planters are commonly used accessories for households and commer... View more
Published Date : Sep 2024
The Armenian consumer goods market has been growing steadily over the past decade, driven by rising incomes and spending among Armenian consumers. As one of the fastest growing economies in Eastern Europe, Armenia has seen significant growth in the middle-class popula... View more
Published Date : Aug 2024
Watch shaker is a tool that is used by watchmakers and jewelers to test the resilience and endurance of watches. It shakes watches to test their ability to withstand vibrations and impacts from daily wear and tear. With growing demand for luxury watches across the glo... View more
Published Date : Aug 2024
Rising health consciousness among consumers and increasing awareness about use of toxic chemical ingredients in personal care products can boost demand for organic and natural cosmetics. Moreover, burgeoning middle-class population with higher disposable income in cou... View more
Published Date : Aug 2024
Countries in the Gulf Cooperation Council (GCC) region, such as Saudi Arabia, the U.A.E, Qatar, Kuwait, Oman, and Bahrain, have emerged as lucrative markets for various global destinations. The high disposable incomes of GCC residents coupled with the arid climate of ... View more
Published Date : Aug 2024
Global wallpaper market growth is driven by rising demand for home decors and interiors across the world. Wallpaper refers to a material used to cover and decorate the interior walls of homes and commercial establishments. It is available in a wide range of patterns, ... View more
Published Date : Aug 2024
The global drum sticks market is estimated to be valued at USD 366.2 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. The global drum sticks market has been growing significantly over the past few years. Drum sticks, also known as... View more
Published Date : Aug 2024
The surfing board market is estimated to be valued at USD 3.17 Billion in 2024 and, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. Surfing is a surface water sport in which the wave rider, referred to as a surfer, rides on the forward or br... View more
Published Date : Aug 2024
Global stainless steel flatware market is estimated to be valued at USD 6.81 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031. Global stainless steel flatware market growth is driven by rising demand from the hospitality indu... View more
Published Date : Aug 2024
The global beauty and barber blade market has been witnessing significant growth in the recent years. Various factors such as rising disposable incomes, growing focus on grooming and personal care, and increasing influence of western culture on personal care behavior ... View more
Published Date : Aug 2024
The disposable shoe covers market is estimated to be valued at USD 1.33 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. Disposable shoe covers protect shoes from dirt and contamination and prevent spreading of any infectious agen... View more
Published Date : Aug 2024
The global temperature controlled mug market is witnessing strong growth in the recent years. A temperature controlled mug is an insulated thermal mug which helps to keep hot beverages hot and cold beverages cold for longer duration of time. These mugs use insulated w... View more
Published Date : Aug 2024
The global tea market has witnessed steady growth over the past few decades. Tea is one of the most popular beverages consumed worldwide. The market has been driven by the multiple health benefits associated with tea consumption such as reduced risk of obesity, heart ... View more
Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.
860519526
9001:2015
27001:2022