Fast Moving Consumer Goods (FMCG) Market Size - Global Industry, Share, Analysis, Trends and Forecast 2020 - 2027

The global fast moving consumer goods (FMCG) market is anticipated to grow at a CAGR of around 5.6% during the forecast period 2020 to 2027 and to reach around US$ 16,781.5 Bn by 2027.

Market Dynamics

Rising demand for packed and frozen food products from consumers, favorable economic and business condition in emerging economies and innovative product offerings by major players are major factors expected to drive the growth of global market. Major players are focused on enhance the business presence and increase the profit ratio. They are inclining towards business acquisition and strategic partnership.

• In 2018 Glanbia Nutritionals a provider of innovative nutritional solutions acquired Watson Inc. This acquisition is expected to help the company to enhance the business presence.
• In 2019, ITC Ltd acquired Delectable Technologies a vending machine start-up. This acquisition is expected to help the company to expand business presence and enhance the product portfolio.
• In 2019, FrieslandCampina signed a partnership agreement with United Dairymen of Arizona (UDA) in order to cater the ongoing demand for lactoferrin. This is expected to help the company to enhance the customer base and increase the profit ratio.

Player inclination towards increasing the production capacity in order to cater the ongoing demand for packed food products, and emergence of small and mid-size enterprises in developing counties is another factor expected to augment the growth of target market.

Flourishing cosmetic industry across the globe, rising health awareness among consumers is resulting in demand for personal care and homecare products this is expected to further positively impact the growth of target market. Players are focused on improving the customer reach through adoption of online channel they are providing various discounts and offers to attract new customers.

However, factors such as competitive landscape and stringent government regulation related to product approval are expected to hamper the growth of global fast moving consumer goods (FMCG) market. In addition, high investment involved in manufacturing plant setup is another factor expected to further challenge the growth of global market.

Rapid technological advancements by major players for innovative production techniques, coupled with approach toward strengthen the distribution channel in order to get a competitive edge are factors expected to create new opportunities for players over the forecast period. In addition, increasing partnerships and agreements between regional and international players is another factor expected to revenue support the growth of target market.

Fast Moving Consumer Goods (FMCG) Market Segment Analysis, 2019

The global fast moving consumer goods (FMCG) market is segmented into type and distribution channel. The distribution channel segment is further bifurcated into supermarkets & hypermarkets, grocery stores, specialty stores, e-commerce, and others. The online segment is expected to witness faster growth due to easy reach to consumers. Among type the food & beverage segment is expected to witness faster growth in the target market over the forecast period. The type segment of the global market is further divided in to food & beverage, personal care and cosmetics, health care, home care, footwear, and others.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to changing lifestyle pattern and high demand for packed food products. In addition, players focus on enhancing the business presence and increase the profit ratio is another factor expected to further support the growth of regional market.

Asia Pacific is expected to witness faster growth in the near future owing to flourishing cosmetic industry and high consumption of small packed food products from rural population. In addition, major players approach towards developing economies in order to track the untapped market is another factor expected to further support the growth of regional market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Fast Moving Consumer Goods (FMCG) Market (Type: Food & Beverage, Personal Care, Health Care, and Home Care; Distribution Channel: Supermarkets & Hypermarkets, Grocery Stores, Specialty Stores, E-commerce, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global fast moving consumer goods (FMCG) market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global fast moving consumer goods (FMCG) market segment by type, distribution channel and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global fast moving consumer goods (FMCG) market size and segment markets by type, distribution channel and geography along with the information on companies operating in the market. The fast moving consumer goods (FMCG) market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report The Coca Cola Company, Pepsico Co. Inc, Kimberly-Clark Corporation, Patanjali Ayurved Ltd., Dr Pepper Snapple Group, Inc., Procter And Gamble, Unilever Group, Revlon, Inc, Johnson & Johnson, and Nestle.

Market Segmentation

Fast Moving Consumer Goods Market By Type

• Food & Beverage
• Personal Care And Cosmetics
• Health Care
• Home Care
• Footwear
• Others

Fast Moving Consumer Goods Market By Distribution Channel

• Supermarkets & Hypermarkets
• Grocery Stores
• Specialty Stores
• E-commerce
• Others

Fast Moving Consumer Goods Market By Region

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)