FMCG Market Revenue to close at USD 27.4 BN by 2026
Posted On May 12, 2020
The Global FMCG Market by the year 2026 is expected to show a revenue growth of USD 27.4 BN along with a CAGR of 5.4% between 2020 and 2026. The estimated revenue for the market was USD 19 BN in the year 2019 as stated in the report published by Value Market Research. Fast moving consumer goods, commonly known as FMCG is a generic term used for referring foods that are sold quickly and at reasonable low prices. These are also known as consumer-packaged goods. Primarily, the consumer-packaged goods are of three types, non-durable, durable and services. The non-durable or perishable goods (milk, confections) have a shelf life of a year or less, whereas the durable ones (toilet paper, OTC drugs) have a longer shelf life of three years or more. The growing demand from the e-commerce industry is anticipated to significantly steer the revenue growth for the FMCG market. These demands are reinforced by an increase in netizen population, shift in lifestyle, an increase in disposable income, especially in emerging economies.
The emerging trends of modern marketing like packaging and branding play a vital role in shaping FMCG market growth as it influences the buyers decision. However, with the COVID-19 pandemic disrupting trade globally, the FMCG industry is operating in an unexplored zone. Amid prevalent health concerns, local movement restrictions, and home quarantines, the consumer-packaged goods industry is facing a shift in shopping behaviour of the end-users.
The detailed research study "Global FMCG Market Report By Type (Food & Beverage, Personal Care, Health Care And Home Care), Distribution Channel (Supermarkets & Hypermarkets, Grocery Stores, Specialty Stores, E-Commerce And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" assists in understanding the market dynamics with qualitative as well as quantitative data. The geo-economical factors and historic FMCG industry trend are analysed to foresee and predict the forecasts for next six years.
On the basis of type the market is bifurcated into food & beverage, personal care, health care and home care. By distribution channel the market is bifurcated into supermarkets & hypermarkets, grocery stores, specialty stores, e-commerce and others.
The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global FMCG Market -
- Food & Beverage
- Personal Care
- Health Care
- Home Care
By Distribution Channel
- Supermarkets & Hypermarkets
- Grocery Stores
- Specialty Stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Dr Pepper Snapple Group, Inc., Johnson & Johnson, Kimberly-Clark Corporation, Nestle, Patanjali Ayurved Ltd., Pepsico, Inc., Procter & Gamble, Revlon, Inc., The Coca-Cola Company and Unilever Group.
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