The global FMCG market predicted to rise at a compound annual growth rate (CAGR) of 8.56 % from 2022

AMSTERDAM, N.Y. - Oct. 2, 2022 - PRLog -- The global FMCG market was valued at USD 1.65 billion in 2021 and it is predicted to rise at a compound annual growth rate (CAGR) of 8.56 % from 2022 to 2030. Consumer items that are used regularly and swiftly sold at a competitive price are known as fast-moving consumer goods (FMCG). Furthermore, as compared to durable commodities, these products have a shorter lifespan. Toiletries, packaged food, and over-the-counter medications like aspirin, drinks, and other FMCG items are examples.

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"Increasing awareness of E-commerce Globally Fuels the Market"

The technological revolution occurred not just in cities, but also in rural regions. Due to its increased accessibility across the globe, whether in rural or metropolitan regions, there has been a noteworthy shift in e-commerce demand. It provides increased customer convenience since consumers can quickly pick and purchase items of their choosing using apps and websites, and things will be delivered to their homes using the home delivery option.

REGIONAL OUTLOOK:

Based on geography, the FMCG market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Recent Developments:

o   German startup Vegshelf develops a digital Business-to-Business (B2B) platform connecting healthy, vegan FMCG brands with online stores, supermarkets, and food services.

o   Nigerian startup Chekkit offers a consumer intelligence solution to improve customer engagement. The solution brings FMCG companies closer to those buying their products through personalized messaging and communication

The following are some of the major market players operating across the globe:

o   The Coca-Cola Company

o   Dr. Pepper Snapple Group, Inc.

o   Johnson & Johnson

o   Kimberly-Clark Corporation

o   Nestle

o   Patanjali Ayurved Ltd.

o   Pepsico, Inc.

o   Procter & Gamble

o   Revlon, Inc.

o   Unilever Group