Artificial Intelligence (AI) in Consumer Goods: Next Booming Market in the World with Estee Lauder , Givaudan, General Mills

The Artificial Intelligence (AI) in Consumer Goods - Thematic Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during the forecast period (2021-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions. Some of the key players in the Artificial Intelligence (AI) in Consumer Goods - Thematic market are Anheuser-Busch In-Bev, Beiersdorf, British American Tobacco, Coca-Cola, Colgate-Palmolive, Danone, Diageo, Estee Lauder , Givaudan, General Mills, Heineken, Henkel, Imperial Brands, Johnson & Johnson, Kellogg, Kraft Heinz, L’Oreal, Mackmyra, Marico, Marianna Naturals, Mondelez, McCain Foods, Nestle, PepsiCo, Procter & Gamble, Reckitt Benckiser, Unilever

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AI initiatives in fast moving consumer goods (FMCG) companies are sporadic. Pilot projects are popular, but few companies have created comprehensive AI strategies.

PepsiCo, Coca-Cola, Unilever, and Procter & Gamble are leading the market with multi-level AI strategies, whereas Mondelez, Kellogg, and Imperial Brands are industry laggards in the AI theme. AI can be used across the FMCG industry and is accessible to businesses regardless of size. Big companies have the investment capital required, and small companies and start-ups are agile enough to tech-enable their businesses quickly. For example, in 2017 start-up HelloAva launched a virtual assistant integrated with an ecommerce platform, creating a digitalized consumer journey.

This report offers expert market analysis and comparison of FMCG companies’ adoption of the following AI technologies: machine learning, data science, conversational platforms, computer vision, AI chips, smart robots, and context-aware computing. It also provides market size and growth forecasts of consumer goods companies’ AI platform adoption, from 2019 to 2025.
The Major Players Covered in this Report:
Anheuser-Busch In-Bev, Beiersdorf, British American Tobacco, Coca-Cola, Colgate-Palmolive, Danone, Diageo, Estee Lauder , Givaudan, General Mills, Heineken, Henkel, Imperial Brands, Johnson & Johnson, Kellogg, Kraft Heinz, L’Oreal, Mackmyra, Marico, Marianna Naturals, Mondelez, McCain Foods, Nestle, PepsiCo, Procter & Gamble, Reckitt Benckiser, Unilever

Regional Analysis for Artificial Intelligence (AI) in Consumer Goods - Thematic Market:
North America, Europe, Asia-Pacific etc

For Consumer Centric Market, Survey Analysis can be included as part of customization which consider demographic factor such as Age, Gender, Occupation, Income Level or Education while gathering data. (if applicable)

Consumer Traits (If Applicable)
 Buying patterns (e.g. comfort & convenience, economical, pride)
 Buying behavior (e.g. seasonal, usage rate)
 Lifestyle (e.g. health conscious, family orientated, community active)
 Expectations (e.g. service, quality, risk, influence)

The Artificial Intelligence (AI) in Consumer Goods - Thematic Market study covers current status, % share, future patterns, development rate, SWOT examination, sales channels, to anticipate growth scenarios for years 2020-2025. It aims to recommend analysis of the market with regards to growth trends, prospects, and players contribution in the market development. The report size market by 5 major regions, known as, North America, Europe, Asia Pacific (includes Asia & Oceania seperately), Middle East and Africa (MEA), and Latin America.

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Scope

- One of the best ways to excel in a tech theme is to acquire a company or start-up. McCain Foods has acquired a minority stake in machine learning company Fiddlehead Technology in February 2021 and L’Oreal has been successful in the AI theme after acquiring AI and augmented reality start-up ModiFace in 2018.
- Consumer goods investment in AI platforms is gathering momentum and is forecast to reach $3.5bn globally by 2024.
- GlobalData’s latest forecasts show a 3.8% decline in consumer product sales globally for 2021, compared to baseline predictions before the COVID-19 pandemic, equivalent to $341.5bn lost revenue. AI cannot resolve issues of consumer income decline, but it can save costs along the supply chain, and maintain customer engagement.
- AI is a key strategy for digitalization in the FMCG industry over the next few years. It can support customer engagement via conversational platforms, understand consumer demands using big data, drive personalization and target growth using data science, and intelligently automate manufacturing and supply chain management using context-aware computing.

Table of Contents :
Artificial Intelligence (AI) in Consumer Goods - Thematic Market Study Coverage:
It includes major manufacturers, emerging players growth story, major business segments of Artificial Intelligence (AI) in Consumer Goods - Thematic market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application and technology.

Artificial Intelligence (AI) in Consumer Goods - Thematic Market Executive Summary
It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Artificial Intelligence (AI) in Consumer Goods - Thematic Market Production by Region
Artificial Intelligence (AI) in Consumer Goods - Thematic Market Profile of Manufacturers
Players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

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Key Points Covered in Artificial Intelligence (AI) in Consumer Goods - Thematic Market Report:
Artificial Intelligence (AI) in Consumer Goods - Thematic Overview, Definition and Classification
Market drivers and barriers
Artificial Intelligence (AI) in Consumer Goods - Thematic Market Competition by Manufacturers
Artificial Intelligence (AI) in Consumer Goods - Thematic Capacity, Production, Revenue (Value) by Region (2019-2025)
Artificial Intelligence (AI) in Consumer Goods - Thematic Supply (Production), Consumption, Export, Import by Region (2019-2025)
Artificial Intelligence (AI) in Consumer Goods - Thematic Production, Revenue (Value), Price Trend by Type
Artificial Intelligence (AI) in Consumer Goods - Thematic Market Analysis by Application
Artificial Intelligence (AI) in Consumer Goods - Thematic Manufacturers Profiles/Analysis
Artificial Intelligence (AI) in Consumer Goods - Thematic Manufacturing Cost Analysis
Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers
Marketing Strategy by Key Manufacturers/Players, Connected Distributors/Traders
Standardization, Regulatory and collaborative initiatives
Industry road map and value chain
Market Effect Factors Analysis ............

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