Press release
Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market Anticipated To Witness Robust Growth, Surpassing $461.42 Billion By 2029
Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market
What Is the Current Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market Size and Its Estimated Growth Rate?
The artificial intelligence (AI) in the fast-moving consumer goods (FMCG) and retail market has expanded at a fast pace in recent years. It is projected to grow from $152.06 billion in 2024 to $190.34 billion in 2025 at a CAGR of 25.2%. The historical growth was driven by rising demand for personalized shopping experiences, the expansion of e-commerce, increasing investments in AI and machine learning, the growth of mobile commerce, and the increasing use of chatbots.
The artificial intelligence (AI) in fast-moving consumer goods (FMCG) and retail market is projected to experience significant expansion in the coming years. By 2029, it is expected to reach $461.43 billion, growing at a compound annual growth rate (CAGR) of 24.8%. This growth can be attributed to the rise of online retail platforms, the increasing reliance on AI for demand forecasting, the growing use of AI in real-time demand sensing, the deployment of AI for fraud detection, and the rising adoption of AI in personalized marketing strategies. Key trends during the forecast period include technological advancements, real-time customer service solutions, dynamic pricing strategies, visual recognition technologies, and voice commerce integration.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19307
How Are Emerging Segments Shaping the Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market Landscape?
The artificial intelligence (AI) in fast-moving consumer goods (fmcg) and retail market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing (NLP), Computer Vision
3) By Application: Customer Service And Support, Sales And marketing, Inventory Management, Supply Chain Optimization, Other Applications
Subsegments:
1) By Hardware: AI-Powered Point of Sale (POS) Systems, Smart Shelves And Inventory Management Systems, Robotics For Automated Stock Management, Facial Recognition Cameras For Customer Insights, IoT Devices For Supply Chain Monitoring, Digital Signage And Interactive Kiosks
2) By Software: AI-Driven Customer Relationship Management (CRM) Software, Predictive Analytics For Demand Forecasting, Inventory Optimization Software, AI-Powered Recommendation Engines, Natural Language Processing (NLP) For Customer Feedback Analysis, Price Optimization And Dynamic Pricing Tools, Supply Chain Management Software With AI Capabilities
3) By Services: AI Integration And Implementation Services, Consulting Services For Retail Strategy And Digital Transformation, Training Services For AI Tools And Technologies, Managed Services For AI Systems And Infrastructure, Customer Insights And Analytics Services, market Research And Consumer Behavior Analysis Services, Post-Implementation Support And Maintenance Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19307&type=smp
Which Growth Factors Are Influencing Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market Expansion?
The increasing demand for online shopping is expected to propel the growth of AI in the FMCG and retail markets. Online shopping refers to purchasing goods or services through e-commerce websites or mobile apps, allowing consumers to browse, compare, and order products from home. This trend is driven by convenience, a wider product selection, competitive pricing, and the growing use of mobile devices and digital payments. AI in FMCG and retail optimizes online shopping by personalizing recommendations, adjusting pricing, improving search features, offering customer support via chatbots, managing inventory, detecting fraud, analyzing customer behavior, and tailoring marketing campaigns. For instance, in May 2024, the Census Bureau reported that retail e-commerce sales grew by 2.1% in Q1 of 2024 compared to Q4 of 2023. Furthermore, in September 2022, the International Trade Administration stated that consumer e-commerce accounted for over $120 billion in annual sales, making up 30% of the UK's retail sector. Therefore, the rising demand for online shopping is driving AI growth in FMCG and retail markets.
Who Are the Dominant Players Across Different Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market Segments?
Major companies operating in the artificial intelligence (AI) in fast-moving consumer goods (FMCG) and retail market are Walmart Inc., Google LLC, Microsoft Corporation, Nestlé S.A., PepsiCo Inc., Procter & Gamble Co., Amazon Web Services Inc., Intel Corporation, International Business Machines Corporation, Oracle Corporation, L'Oréal S.A., SAP SE, NVIDIA Corporation, Salesforce Inc., Colgate-Palmolive Company, Sephora Inc., Zebra Technologies Corporation, Blue Yonder, Talkdesk Inc., Everseen Ltd., RetailNext Inc., TruRating Ltd
What Are the Latest Developing Trends in the Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market?
In the AI in fast-moving consumer goods (FMCG) and retail markets, companies are developing innovative solutions like AI-powered open commerce to optimize supply chains and enhance customer experiences. RedCloud Technology's launch of Red101 in August 2024 is an example of how AI is reshaping e-commerce for small businesses. This platform improves transparency, combats counterfeit goods, and helps smaller retailers compete with e-commerce giants by streamlining operations and fostering a fairer marketplace.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-fast-moving-consumer-goods-fmcg-and-retail-global-market-report
Which Geographic Regions Are Expected to Dominate the Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market in the Coming Years?
North America was the largest region in the artificial intelligence (AI) in fast-moving consumer goods (FMCG) and retail market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in fast-moving consumer goods (FMCG) and retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market?
2. What is the CAGR expected in the Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market?
3. What Are the Key Innovations Transforming the Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Industry?
4. Which Region Is Leading the Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Artificial intelligence (AI) In Fast-Moving Consumer Goods (FMCG) And Retail Market Anticipated To Witness Robust Growth, Surpassing $461.42 Billion By 2029 here
News-ID: 4046423 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Automotive Solenoid Marke …
The automotive solenoid market is on the verge of significant expansion as advancements in technology and vehicle electrification continue to accelerate. Increasing integration of smart systems and the growing demand for efficient, eco-friendly automotive solutions are set to drive this market's development through the end of the decade.
Expected Growth Trajectory for the Automotive Solenoid Market by 2030
The automotive solenoid market is projected to reach a valuation of $7.81 billion…
Automotive Night Vision System Market Analysis: Major Segments, Strategic Develo …
The automotive night vision system market is set to experience significant expansion over the coming years, driven by technological advancements and growing safety demands. As vehicle manufacturers continue to integrate more sophisticated safety features, this market shows promising potential for rapid growth and innovation through 2030.
Projected Expansion of the Automotive Night Vision System Market Size Through 2030
The market size for automotive night vision systems is anticipated to reach $7.24…
Segment Analysis and Major Growth Areas in the Automotive HVAC Market
The automotive HVAC market is on a trajectory of significant growth as vehicle climate control systems evolve with advanced technologies. Innovations aimed at improving energy efficiency and passenger comfort are driving the sector forward, setting the stage for substantial expansion through 2030. Let's explore the current market size, key players, influential trends, and detailed segment insights shaping this dynamic industry.
Automotive HVAC Market Size and Growth Outlook Through 2030
The automotive…
Key Strategic Developments and Emerging Changes Shaping the Automotive Electroni …
The automotive electronic controller market is on track for impressive expansion as technology continues to transform the automotive sector. With the industry embracing smarter and more connected vehicle systems, the demand for advanced controllers that manage and optimize vehicle functions is rapidly increasing. Below, we explore the market's projected growth, key players, notable trends, and the main segments shaping this dynamic field.
Projected Market Size and Growth of the Automotive Electronic…
More Releases for FMCG
Organic Fast Moving Consumer Goods (FMCG)
Introduction
The organic Fast Moving Consumer Goods (FMCG) market is becoming a significant part of the global retail industry. These are everyday products like food, beverages, personal care items, and household goods that are produced using natural and environmentally sustainable methods. Unlike conventional FMCGs, organic products are free from synthetic chemicals, pesticides, and artificial additives, appealing to health-conscious consumers and those focused on environmental sustainability. The shift toward organic FMCGs is…
FMCG Packaging Market CAGR: 4.64% (2023-2030)
𝐅𝐌𝐂𝐆 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐨𝐫 𝐃𝐞𝐜𝐫𝐞𝐚𝐬𝐞 𝐟𝐨𝐫 𝐰𝐡𝐚𝐭 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬 :
The FMCG (Fast-Moving Consumer Goods) packaging market is witnessing significant growth, driven by several key factors. One of the primary drivers is the increasing consumer demand for convenient and sustainable packaging solutions. As consumers become more environmentally conscious, there is a growing preference for packaging that is recyclable, biodegradable, or made from sustainable materials. This shift is…
Opportunities in Focus: FMCG market Insights
According to a new report published by Allied Market Research, titled," Global FMCG Market by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global FMCG market size was valued at $10,020.0 billion in 2017 and is projected to reach $ 15,361.8 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025.
📚 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/5148
Fast moving consumer goods (FMCG) is…
Latest Trends In Saudi Arabia FMCG Market
Saudi Arabia, like the other GCC nations, has a large GDP and a young, expanding population.The demand for juices, dairy products, and other foods and beverages is bolstered by these factors.
Request for Sample@ https://mobilityforesights.com/product/saudi-arabia-fmcg-market/
The government's emphasis on diversification and food sufficiency is anticipated to be the driving force behind the expansion of the food and beverage industry as economic conditions improve.
SAUDI ARABIA FMCG MARKET SIZE AND…
FMCG Packaging Market Revenue, Market Share, Growth Rate of FMCG Packaging For E …
Packaging enables effective communication between the brand owners and consumers via logos, colors, product information, images, and graphics.
The increasing demand from the e-commerce industry is a crucial factor that will likely compel the prospects for market growth during the forecast period. The crucial importance of differentiated packaging, which adds critical value to the product and plays a major role in influencing consumer’s preference, is another major factor with an impact…
FMCG Industry Business Confidence Report H1 2017
The existing economic environment is stable for the FMCG industry, and customer confidence levels will remain positive during H1 2017. Survey results reveal that executives who operate in the Asia-Pacific and North America project a more favorable opinion about economic prospects in the region for H1 2017. In the US, a rise in personal disposable income and household spending, growing consumer confidence, fall in unemployment rate, expected rise in GDP…
