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 Swimwear Market

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

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

Published Date : Oct 2023

MEA & India baby diapers market was valued at US$ 5.45 Billion in 2022, exhibiting a CAGR of 7.3%, over the forecast period (2023 to 2030) to reach US$ 9.58 Bn by 2030. Baby diapers are made up of ... View more

Coherent Market Insights Caribbean Duty Free Retailing Market

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

Published Date : Aug 2023

The Global Snow Boots Market is projected to reach around US$ 2,860.7 Million by the end of 2030, in terms of revenue, growing at CAGR of 4.5% during the forecast period (2023-2030).... View more

Coherent Market Insights Wildlife Hunting Tourism Market

Published Date : Sep 2023

The global wildlife hunting tourism market was valued at US$ 369.6 Mn in 2022 and is expected to reach US$ 1,775.7 Mn by 2030, exhibiting a CAGR of 21.7% during the f... View more

Coherent Market Insights Uk Bath Bomb And Cold Pressed Soaps Market

Published Date : Aug 2023

The U.K. bath bomb cold pressed soaps market is expected to surpass US$ 137.7 million by the end of 2030 and exhibit a CAGR of 5.4% during the forecast period (2023 to 2030). Bath bomb cold-pressed... View more

Coherent Market Insights Us Pawn Shop Market

Published Date : Jan 2022

A pawn shop is a shop or a business which loans money to customers in exchange of valuable items with the pawn shop owner or pawn broker. The items for exchange can be gold, jewelry, or gadgets such as television, computer, watches, cameras, etc. The valuables deposit... View more

Coherent Market Insights Sports Water Bottles Market

Published Date : Jan 2022

Drinking water being an essential and most important resource for living, has made water bottles as one of the most common daily use object. Sports bottles are used to hold any type of drink during sports that fuel the workout. Hydration is an integral part while perf... View more

Coherent Market Insights Electronic Scrap Recycling Market

Published Date : Dec 2022

Electronic scrap recycling is the process of recycling used electrical and electronic devices such as laptops, TVs, computers, air conditioners, mobile phones, DVDs, oven, etc. The purpose of electronic scrap recycling is to reduce the environmental impact and sa... View more

Coherent Market Insights China Baby Diapers Market

Published Date : Dec 2021

Baby diaper is also known as nappy is a type of underwear that allows the baby to urinate or defecate in it. It easily absorbs and contains waste products in order to prevent the staining of outer cloths. Swim pants, training nappy, cloth, and biodegradable diapers ar... View more

Coherent Market Insights India Cigar And Cigarillos Market

Published Date : Dec 2021

Cigars are rolled bundles of fermented tobacco that is rolled in paper or tobacco leaves. The increasing exposure of Indian population towards other cultures such as European and American cultures is estimated to favor the cigars and cigarillos market in the coming ye... View more

Coherent Market Insights North America Eyewear Market

Published Date : Dec 2021

Eyewear consists of items and accessories worn on or over the eyes, for fashion or adornment, protection against the environment, and to improve or enhance visual acuity. Common forms of eyewear include glasses (also called eyeglasses or spectacles), sunglasses, and c... View more

Coherent Market Insights Electric And Acoustic Guitar Strings Market

Published Date : Aug 2023

Global electric & acoustic guitar strings market is estimated to surpass US$ 673.6 million in terms of revenue by 2030, exhibiting a CAGR of 3.5% during the forecast period (2023 to 2030). Global Electric & Acoustic... View more

Coherent Market Insights India Ready To Mix Food Market

Published Date : Nov 2021

Ready to mix food are classified as conveniences and healthy food. These foods are easy to prepare and consume less time for cooking as they are already half processed. Ready to mix food is used in a variety of applications such as desert mix, snack mix, and curry mak... View more

Coherent Market Insights Anti Ageing Products Services And Devices Market

Published Date : Jul 2023

The Global Anti Ageing Products Services And Devices Market is projected to reach around US$ 429.1 Bn by the end of 2030, in terms of revenue, growing at CAGR of 7.7% during the forecast perio... View more

Coherent Market Insights Consumer Product And Retail Market

Published Date : Oct 2023

The global consumer product and retail market was valued at US$ 21.13 trillion in 2023 and is forecast to reach a value of US$ 34.44 trillion by 2030 at a CAGR of 7.2% be... View more

Coherent Market Insights Glass Tableware Market

Published Date : Jul 2023

Glass tableware is a product that is used to serve food for dining and other purposes as these form a part of table setting. These are produced from different materials such as glass, ceramics, and steel. Glass tableware products are generally classified into glass di... View more

Coherent Market Insights Alcohol Test Equipment Market

Published Date : Nov 2023

Alcohol testing equipment is a device that measures blood alcohol content (BAC) or identifies viruses or illnesses from a breath sample. Blood drug testing, hair drug testing, sweat drug testing, urine drug testing, saliva drug testing, and breath alcohol testing are ... View more

Coherent Market Insights Car Care Cosmetics Market

Published Date : Nov 2023

Car care cosmetics are high-quality chemicals that improve the luster, gloss, and durability of automobiles. Car care cosmetics prevent and repair damages such as scratches, ensuring that each part of the car receives the utmost attention and the vehicle's aesthe... View more

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