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What is the future of FMCG industry?

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What is the future of FMCG industry?

With a growth rate of 14.7 percent, the FMCG sector has been projected to grow to a market size of almost US$ 220 billion by 2025. With household goods and personal care products amounting to up to 50 percent of FMCG sales in the country, the FMCG sector has proven to be India’s fourth-largest income-generating sector.

Is the FMCG industry growing?

The FMCG market in India is expected to increase at a CAGR of 14.9\% to reach US$ 220 billion by 2025, from US$ 110 billion in 2020. The rural market registered an increase of 14.6\% in the same quarter and metro markets recorded positive growth after two quarters.

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How big is the 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.

What is the market size of the FMCG market?

FMCG market Overview: The global FMCG market is projected to reach $15,361.8 billion by 2025, registering a CAGR of 5.4\% from 2018 to 2025. Fast moving consumer goods (FMCG) also known as consumer packaged goods are products that can be bought at a low cost.

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.

What is the future of rural FMCG market in India?

The rural FMCG market in India is expected to grow to US$ 220 billion by 2025 from US$ 23.6 billion in FY18. On the other hand, with the share of unorganised market in the FMCG sector falling, the organised sector growth is expected to rise with increased level of brand consciousness, augmented by the growth in modern retail.

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Who are the top FMCG companies in India?

The panel had distinguished professors and industry leaders from top FMCG enterprises like Unilever, Tata StarQuik, Dabur, Pepsico India, Godrej Consumer Products and Nestle to name a few.