What is happening in the FMCG industry?

FMCG sector to expand at 9\% in FY20, growth to improve in FY21: Report. The Rs 4-lakh crore FMCG sector will close fiscal 2020 with a 9 per cent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 per cent in fiscal 2021, a report said on Tuesday.

What is the size of Indian FMCG industry?

India’s FMCG market was valued at 110 billion U.S. dollars in 2020. Compared to 2012, the market size of fast-moving consumer goods had tripled. By 2025, the market was expected to grow to 220 billion dollars.

Whats the meaning of FMCG?

fast-moving consumer goods
From Longman Business Dictionary ˌfast-moving conˈsumer goods abbreviation FMCG British English goods, especially food, that sell very quickly and in large amounts. They are usually sold in SUPERMARKETsBy concentrating on only fast-moving consumer goods, they keep their stock at a minimum.

Why FMCG sector is growing today?

The FMCG sector is likely to report 11-12 per cent rise in revenue in fiscal 2019, up 300-400 basis points from 8 per cent in fiscal 2018, driven by revival in rural demand and new product launches, domestic rating agency Crisil said in a report today.

What is the growth of FMCG industry in India?

Growing youth segment and working women population, rising incomes and rising purchasing power, higher brand consciousness, changing consumer preference, growing urbanization, Increase in number of upper middle class and rising internet penetration are the biggest drivers in the growth of FMCG industry of India.

What is the future of FMCG in India Post covid-19 crisis?

In fact, according to a senior executive at Jyothy Labs, the sales share of e-commerce in the FMCG sector is expected to increase from 2-3\% before COVID to 4.5\% post-COVID. Post the COVID-19 crisis, digitization has been an emerging FMCG trend in 2021 India which has shaped the future of retailing consumer goods.

What is the future of FMCG supply chain management?

Future of FMCG Supply Chain: The global consumer goods industry is currently going through a phase of massive transformation. Companies now need to break traditions and implement solid new-age strategies in producing, selling and distributing goods.

What is the future of FMCG in 2025?

FMCG 2025 highlighted the changing trends in the consumer goods landscape including the impact of consumerism and omnichannel competition and outlined a future outlook of the industry. More businesses in FMCG are now embracing new-age technology to streamline operations and are innovating in the interest of the consumer.