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 Coconut Products Market

Published Date : Mar 2023

Coconut products provide multiple health benefits such as improvement in cardiovascular health, reduction of digestive problems, and weight loss. Coconut water provides a cardio-protective effect, boost kidney health, aid in diabetes management, provide rehydrating ef... View more

Coherent Market Insights Synthetic Lace Front Wigs Market

Published Date : Mar 2023

A lace front wig is a special type of wig, which includes a sheer lace base. Two types of lace front wigs are available in the global market, on the basis of hair type used in the wig, namely, real human hair and synthetic hair. In the lace front wig, the lace is only... View more

Coherent Market Insights Luxury Bedding Market

Published Date : Mar 2023

Bedding, also known as bed lines or bedclothes is laid above the mattress of a bed for warmth, comfort, hygiene, and to improve aesthetic appeal. Luxury bedding comprises blankets, mattress, duvets, pillows, comforters, and quilts, and throws. Materials used for beddi... View more

Coherent Market Insights Mouthwash Market

Published Date : Mar 2023

Mouth wash consists of diluents, antibacterial agents, soaps, flavoring agents, and colorants. The primary and major ingredient of any mouthwash formula is deionized water (over 50%). Water is deionized, in order to minimize impact of ions on flavor. Another major dil... View more

Coherent Market Insights Bidet Seat Market

Published Date : Mar 2023

Bidet seat are detachable toilet seat with advanced features such as warm water temperature control, toilet seat temperature control, its drying property, adjustable water pressure, and others that helps maintains hygiene and comfortable toilet use. Bidet seat are cla... View more

Coherent Market Insights E Pharmacy Market

Published Date : Mar 2023

The General Pharmaceutical Council defines an e-pharmacy or internet pharmacy as a registered pharmacy, which supplies medicines and other healthcare & personal care products and/or provides other professional services over the internet, or makes arrangements for ... View more

Coherent Market Insights Snail Beauty Products Market

Published Date : Mar 2023

Global snail beauty products market was valued at US$ 555.9 Million in 2022 and is projected to  reach at US$ 1,232.7 Million, exhibit... View more

Coherent Market Insights Waterproof Socks Market

Published Date : Mar 2023

Waterproofing socks are resistant to water penetration and allow passage of vapour from inside-out to provide breathability. These are used in activities such as hiking, shoes, skiing, snowshoeing, and mountain biking, where the potential of wetting the feet is high. ... View more

Coherent Market Insights Pallet Market

Published Date : Mar 2023

The Global Pallet Market was valued at US$ 57.0 Billion in 2022 and is expected to expand at a CAGR of 5.9% in terms of revenue and market value is expected to reach US$ 89.9 Billion during 2023-2030. Pallets are load-bearing mater... View more

Coherent Market Insights Duty Free Retailing Market

Published Date : Mar 2023

Duty free retail shops have helped airports to generate greater revenues all over the world and thereby reduced the landing fees the airports charge to airlines. In turn, it has helped airlines to keep lower ticket prices that has benefited travelers of the airlines. ... View more

Coherent Market Insights Industrial Gloves Market

Published Date : Feb 2023

The global industrial gloves market was valued at US$ 8,053.4 Million in 2022 and is expected to expand at a CAGR of 6.97% in terms of revenue and is expected to reach at US$ 13,807.4 Million during 2023-2030. Industrial gloves are... View more

Coherent Market Insights Frankincense Extracts Market

Published Date : Feb 2023

Frankincense is a resinous tree, popularly known as loban, Indian olibanum or kundur. The frankincense tree produces resins by tapping them. Tapping produces tears (hardened resins) due to its high aromatic content that is used as an incense. Moreover, it is also used... View more

Coherent Market Insights Womens Swimwear Market

Published Date : Feb 2023

Women’s swimwear has undergone significant changes over the past century. From the earliest forms of two-pieces, to the modern styles of bikinis, rash guards, and swim shorts, women's swimwear has changed to reflect a variety of factors. Technological advances, ... View more

Coherent Market Insights Margarine Market

Published Date : Feb 2023

Margarine is a fatty solid food that is used as a cooking substitute. It is made from a mixture of fats and oils, usually hydrogenated vegetable oil and water. Traditionally, margarine was obtained from fat sources like pork, beef and dairy. Today, it is a plant-based... View more

Coherent Market Insights Cotton Pads Market

Published Date : Jan 2023

Cotton pads are made by processing raw cotton obtained from cotton farms. These pads are widely used for household applications and body cleansing for newborn babies. It provides better cleaning for babies as these are soft, chemical-free, and free from harmful substa... View more

Coherent Market Insights Breakfast Cereals Market

Published Date : Jan 2023

Breakfast cereals are type of grain product, used to satisfy  person's appetite for food during the late evening and early morning hours. Cereal, technically pronounced as chee-sorel, is a classic breakfast food product made of cooked dried cereal grains. It is &... View more

Coherent Market Insights Anti Acne Cosmetics Market

Published Date : Jan 2023

Acne is a skin disorder that occurs specially amongst teenagers. It is generally observed when the hair follicles are plugged with dead skin cells and oil. Acne causes various skin issues such as blackheads, whiteheads, and pimples. The rising emphasis on advertising ... View more

Coherent Market Insights Europe Trash Bags Market

Published Date : Jan 2023

Huge amount of waste is generated from households, schools, offices, market places, restaurants, industries, commercial complexes, agriculture, and places. Hence, trash bags are required for collection, storage, transportation, and disposal of generated waste. Increas... View more

Coherent Market Insights Home Shopping Market

Published Date : Jan 2023

Home shopping is a type of direct marketing that involves the sale of household goods through various channels, such as mail, online advertisements and television advertisements. Home shopping also includes the purchase of household goods through telephonic channels, ... View more

Coherent Market Insights Leather Goods Market

Published Date : Jan 2023

Leather is made from the hides and skin of the animals such as cattle, sheep, dogs, pigs, and others by the process of tanning or by impregnation preserving the natural structure of the hide. Increasing supply of the raw material depends on the increasing demand for m... View more

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