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FMCG market

FMCG Market to Reach $18,939.4 Billion, Globally, by 2031 at 5.1% CAGR

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FMCG market

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  2. “FMCG Market by Product Type, Production Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the global FMCG market size is expected to reach $18,939.4 billion by 2031 at a CAGR of 5.1% from 2022 to 2031. Fast-moving consumer goods (FMCG) is the largest combination of consumer goods with different product categories that include home care, health care, personal care & cosmetics, food & beverages, and others. The personal care segment is anticipated to witness substantial growth owing to the rise in disposable income of consumers, thus enabling them to spend a considerable amount on luxury personal care products. Lifestyle changes majorly drive the FMCG market growth. Moreover, the increase in the global population, growth in awareness of FMCG products, frequent launches of new products, and effective advertisement of the FMCG brands are the other factors that boost the growth of the global FMCG market. The surge in the trend of online shopping, R&D for new brands & products, and expansion of FMCG networks in rural areas of developing countries are expected to open new avenues for the market players in the future. However, high competition among major market players and retail execution is expected to hamper the growth of the global FMCG marke FMCG Market Download Report Sample

  3. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5148 in the industry- Procter & Gamble, Unilever Group, The Coca Cola Company, PepsicoCo. Inc, Kimberly-Clark Corporation, PatanjaliAyurved Ltd., Dr Pepper Snapple Group, Inc., Revlon, Inc, Johnson & Johnson, and Nestle. FMCG Market Download Report Sample

  4. FMCG Market Lifestyle changes majorly drive the FMCG market growth. Moreover, the increase in the global population, growth in awareness of FMCG products, frequent launches of new products, and effective advertisement of the FMCG brands are the other factors that boost the growth of the global FMCG market. The surge in the trend of online shopping, R&D for new brands & products, and expansion of FMCG networks in rural areas of developing countries are expected to open new avenues for the market players in the future. However, high competition among major market players and retail execution is expected to hamper the growth of the global FMCG market. In the recent decade, there is a trend that consumers are more concerned about their health and personal hygiene, thus preferring a hygienic lifestyle. Consumers select their everyday necessities based on their sanitary compatibility, and their purchase decisions are consequently influenced by their lifestyle. This trend is creating possibilities for the FMCG industry. Companies provide items that are suitable for the lifestyles of their target consumer segment Download Report Sample

  5. North America  (U.S., Canada, Mexico) • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA) • Purchase this Report (Price 6,375 USD for single user license):https://www.alliedmarketresearch.com/purchase-enquiry/5148 • Key findings of the study • As per the FMCG market demand, in 2021, based on product type, the food & beverages segment was the highest revenue contributor, growing at a significant CAGR from 2022 to 2031. • According to FMCG market trends, based on production type, the inhouse segment was the highest revenue contributor, growing at a significant CAGR of 5.0% from 2022 to 2031. • According to FMCG market forecast, based on distribution channel, the supermarkets & hypermarkets segment accounted for more than half of the market share and is projected to grow at the CAGR of 5.2% during the forecast period. • In 2021, based on region, Asia-Pacific accounted for the largest market share and is anticipated to grow at a CAGR of 6.8% throughout the forecast period. FMCG Market Download Report Sample

  6. Covid-19 scenario- The consequences of the COVID-19 pandemic on the FMCG market have been both positive and negative. The industry faced a difficult physical environment, supply-chain disruptions, and unprecedented demand volatility while trying to get products onto shelves while ensuring the safety of personnel and customers. The beverages sector was impacted negatively by the pandemic as revenues for beverages reduced slightly, as restaurants and bars witnessed a drop in business. Transport was interrupted by lockdowns, which affected other aspects of the market, such as ingress, the availability of inputs, and the quality of consumables. However, during the pandemic, people focused more on their health and hygiene, buying more personal care products and as a result, the FMCG industry saw a rise in its revenue. The market situation slowly improved with the number of Covid-19 cases coming down and easing of restrictions imposed by government worldwide. Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert:https://www.alliedmarketresearch.com/connect-to-analyst/5148 FMCG Market Download Report Sample

  7. About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. FMCG Market Download Report Sample

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