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.

View More

Consumer Goods Published Insights

Coherent Market Insights Work Boots Market

Published Date : Jan 2024

The global work boots market size is was valued at US$ 15.56 Billion in 2023 and is expected to reach US$ 20.06 Billion by 2030, growing at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030. ... View more

Coherent Market Insights Global Sustainable Fashion Market

Published Date : Jan 2024

Global Sustainable Fashion Market size was valued at US$ 7.80 Billion in 2023 and is expected to reach US$ 33.05 Billion by 2030, growing at a compound annual growth rate (CAGR) of 22.9% from 2023 to 2030.... View more

Coherent Market Insights Global Circular Fashion Market

Published Date : Jan 2024

The Circular fashion Market size was valued at US$ 6.09 Billion in 2023 and is expected to reach US$ 11 Billion by 2030, growing at a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030. Circular fashion refe... View more

Coherent Market Insights Global Fast Fashion Market

Published Date : Jan 2024

Global Fast Fashion Market size was valued at US$ 39.90 Billion in 2023 and is expected to reach US$ 99.84 Billion by 2030, growing at a compound annual growth rate (CAGR) of 14% from 2023 to 2030.... View more

Coherent Market Insights Europe Dark Kitchens Ghost Kitchens Cloud Kitchens Market

Published Date : Jan 2024

The Europe dark kitchens/ghost kitchens/cloud kitchens market size is expected to reach US$ 13.89 Bn by 2030, from US$ 4.16 Bn in 2023, at a CAGR of 18.8% during the forecast period. Dark kitchens, also known as ... View more

Coherent Market Insights Pedicure Unit Market

Published Date : Jan 2024

The pedicure unit market size was valued at US$ 1.29 Bn in 2023 and is expected to reach US$ 2.20 Bn by 2030, growing at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. ... View more

Coherent Market Insights Labor Productivity Tracking Market

Published Date : Jan 2024

The labor productivity tracking Market size was valued at US$ 5.91 Bn in 2023 and is expected to reach US$ 14.42 Bn by 2030, growing at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2030. Labor productivi... View more

Coherent Market Insights Custom Shoes Market

Published Date : Jan 2024

The custom shoes Market size was valued at US$ 5.03 Bn in 2023 and is expected to reach US$ 10.98 Bn by 2030, growing at a compound annual growth rate (CAGR) of 11.8% from 2023 to 2030. ... View more

Coherent Market Insights Under Eye Serum Market

Published Date : Jan 2024

The Under Eye Serum Market size was valued at US$ 3.6 billion in 2023 and is expected to reach US$ 8.27 Billion by 2030, growing at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. ... View more

Coherent Market Insights Us Fashion Ecommerce Market

Published Date : Jan 2024

The U.S. fashion ecommerce market size was valued at US$ 108.10 Bn by 2023 and is expected to reach US$ 248.07 Bn in 2030, growing at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030.. Ecommerce fashion includes the online sale of appar... View more

Coherent Market Insights Cutting Boards Market

Published Date : Jan 2024

The cutting boards market size is expected to reach US$ 2.11 Bn by 2030, from US$ 1.29 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 7.3% during the forecast period. Cutting boards are chopping blo... View more

Coherent Market Insights Sports Hospitality Market

Published Date : Jan 2024

The sports hospitality market size was valued at US$ 17.45 Billion in 2023 and is expected to reach US$ 79.10 Billion by 2031, growing at a compound annual growth rate (CAGR) of 20.8% from 2024 to 2031.... View more

Coherent Market Insights Plastic Toy Storage Market

Published Date : Jan 2024

The plastic toy storage market size was valued at US$ 4.5 Billion in 2023 and is expected to reach US$ 7.7 Billion by 2031, growing at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031. ... View more

Coherent Market Insights Global Tattoo Aftercare Products Market

Published Date : Jan 2024

The global tattoo aftercare products market size is expected to reach US$ 368.2 Mn by 2031 from US$ 194.1 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 9.6% during the forecast period. The tattoo a... View more

Coherent Market Insights Facial Tissue Market

Published Date : Dec 2023

The facial tissue market size is expected to reach US$ 21.96 Billion by 2030, from US$ 13.41 Billion in 2023, at a CAGR of 7.3% during the forecast period. Facial tissues are soft, absorbent disposable papers used for nose blowing, wiping eyes, removi... View more

Coherent Market Insights Boxing Equipment Market

Published Date : Dec 2023

The boxing equipment market size is expected to reach US$ 2.9 Mn by 2030, from US$ 1.9 Mn in 2023, at a CAGR of 6.5% during the forecast period. Boxing equipment comprises various products used for boxing training and competitions, including gloves, p... View more

Coherent Market Insights Decorative Shelves Market

Published Date : Dec 2023

The Decorative Shelves Market size is expected to reach US$ 10.7 Bn by 2030, from US$ 6.3 Bn in 2023, at a CAGR of 7.9% during the forecast period. Decorative shelves are used to display decorative items, books, photos, artifacts, and others  in ... View more

Coherent Market Insights Fitness Treadmills Market

Published Date : Dec 2023

The fitness treadmills market size is expected to reach US$ 6.2 Mn by 2030, from US$ 3.8 Mn in 2023, at a CAGR of 7.2% during the forecast period. A treadmill is a device used for walking, jogging, or running while st... View more

Coherent Market Insights Margarita Glass Market

Published Date : Dec 2023

The margarita glass market size is expected to reach US$ 648 Mn by 2030, from US$ 406.2 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast period. Margarita glasses are a type of drinkware that is specifically desi... View more

Coherent Market Insights Alkali Soap Market

Published Date : Dec 2023

The alkali soap market size is expected to reach US$ 30.47 Billion by 2030, from US$ 19.22 Billion in 2023, at a CAGR of 6.8% during the forecast period. Alkali soaps, also known as bar soaps, are... View more

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.