Press release
Indian FMCG Market to Skyrocket to USD 1288.50 Billion by 2030 at a CAGR of 27.9%
Indian FMCG Market
The Indian FMCG market was valued at USD 230.14 Billion in 2023 and is projected to grow at a CAGR of 27.9 % from 2024 to 2030, reaching USD 1288.50 Billion by the end of the forecast period. This growth is attributed to increasing penetration of organized retail, the advent of e-commerce, and the growing demand for premium and sustainable products.
๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam has emerged as a key market for FMCG companies due to its growing middle-class population and increasing consumption of packaged goods. Recent collaborations, such as the partnership between ๐๐ง๐ข๐ฅ๐๐ฏ๐๐ซ and local firms to expand distribution channels, have strengthened the market. Vietnam's focus on modern trade and digital retail platforms offers immense opportunities for Indian FMCG exports.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/29038/
๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's FMCG sector is witnessing a shift towards health-focused and sustainable products. ๐๐๐ฌ๐ญ๐ฅรฉ has invested in new product lines catering to health-conscious consumers. Meanwhile, the growth of online marketplaces like Shopee and Lazada is reshaping how consumers shop for FMCG products.
๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's aging population has led to a surge in demand for functional foods and personal care products. Indian FMCG companies are exploring partnerships with Japanese firms to leverage advanced technology and distribution networks. ๐&๐ ๐๐๐ฉ๐๐ง has recently expanded its presence in the premium skincare segment.
๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐ข๐ง๐
China's FMCG market remains one of the largest globally, with substantial investments in mergers and acquisitions. ๐๐ฅ๐ข๐๐๐๐'๐ฌ collaboration with FMCG giants to integrate AI-driven consumer insights marks a significant development. Indian companies are increasingly targeting China's e-commerce channels to penetrate this competitive market.
๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's FMCG industry is influenced by its tech-savvy consumer base and demand for innovative products. Recent acquisitions by ๐'๐๐ซรฉ๐๐ฅ in South Korea underline the growing prominence of cosmetics and personal care. Indian FMCG brands are gradually entering the market, focusing on Ayurveda and organic products.
๐๐๐ ๐๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/29038/
๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore serves as a strategic hub for FMCG trade in Southeast Asia. The country's affluent consumer base has spurred demand for premium products. Collaborations, such as those by ๐๐จ๐ก๐ง๐ฌ๐จ๐ง & ๐๐จ๐ก๐ง๐ฌ๐จ๐ง, are fostering innovation and supply chain efficiency.
๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
The US FMCG market's growth is driven by sustainability and clean-label products. ๐๐๐ฉ๐ฌ๐ข๐๐จ ๐๐ง๐ ๐๐จ๐๐-๐๐จ๐ฅ๐ have been investing in healthier beverage options to cater to changing preferences. Indian FMCG companies are expanding their footprint in the US by introducing ethnic food and wellness products.
๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's FMCG market is shaped by stringent regulations and a focus on eco-friendly products. Recent acquisitions, such as ๐๐ง๐ข๐ฅ๐๐ฏ๐๐ซ'๐ฌ purchase of sustainable brands, highlight the market's shift towards green initiatives. Indian FMCG exports to Europe are rising, especially in the organic and herbal product segments.
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/29038/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Food & Beverages
Personal Care
Household Care
Health & Wellness
Others
Due to factors including growing urbanization, shifting lifestyles, and increased disposable incomes, the Food & Beverages segment has dominated the Indian FMCG industry in 2023. The increasing demand for packaged snacks, ready-to-eat meals, beverages, and convenience foods favors this market. The market is significantly shaped by prominent Indian FMCG businesses such as Britannia Industries, ITC, and Nestlรฉ India. Products like Britannia biscuits, PepsiCo drinks, and Maggi noodles have become commonplace in homes. This market sector is also developing as a result of consumers' increasing choice for healthier food options including organic and fortified meals.
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Traditional Retail
Convenience Stores
Super Markets
Hyper Markets
Online
Others
With a rising compound annual growth rate (CAGR), the Online Retail category is anticipated to continue to dominate the market, as it did in 2023. In recent years, online shopping has grown in popularity. Even while offline sales, which include Kirana stores, still account for the majority of all Indian FMCG retail sales, the expansion of online shopping trends, particularly e-commerce, is steadily surpassing the growth of Indian FMCG products in offline trade. E-commerce as a whole is predicted to expand at an even higher rate following the announcement of demonetization and the introduction of the GST.
๐๐ฒ ๐๐ซ๐ข๐๐ ๐๐๐ ๐ฆ๐๐ง๐ญ
Premium
Mid-range
Economy
๐๐ฒ ๐๐ง๐-๐๐ฌ๐๐ซ
Households
Commercial
๐๐๐ญ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/indian-fast-moving-consumer-goods-fmcg-market/29038/
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Hindustan Unilever Limited (HUL)
2. Procter & Gamble (P&G)
3. Nestlรฉ India
4. ITC Limited
5. Dabur India Limited
6. Godrej Consumer Products Limited (GCPL)
7. Marico Limited
8. Britannia Industries
9. Colgate-Palmolive (India) Limited
10. Parle Products Pvt. Ltd.
11. Coca-Cola India
12. PepsiCo India
13. Amul (Gujarat Co-operative Milk Marketing Federation)
14. Mahindra Agribusiness
15. Patanjali Ayurved Limited
16. Reckitt Benckiser India Ltd.
17. Asian Paints Limited
18. Bajaj Consumer Care Ltd.
19. Emami Limited
20. Kama Ayurveda
21. Other
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
โฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/
โฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/
โฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/
โฆ Diamond Core Drilling Market https://www.maximizemarketresearch.com/market-report/diamond-core-drilling-market/199099/
โฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/
โฆ Global Lemon Extract Market https://www.maximizemarketresearch.com/market-report/global-lemon-extract-market/27793/
โฆ Global Optical Sorter Market https://www.maximizemarketresearch.com/market-report/global-optical-sorter-market/73696/
โฆ Endoscopic Spinal Surgery Market https://www.maximizemarketresearch.com/market-report/global-endoscopic-spinal-surgery-market/80247/
โฆ Global Voice over Internet Protocol (VoIP) Market https://www.maximizemarketresearch.com/market-report/global-voice-over-internet-protocol-voip-market/55029/
โฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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