• Breaking News

    Tuesday, 22 March 2016

    FMCG Industry (Fast moving consumer goods)

    The fast moving consumer goods (FMCG) segment is the fourth largest sector in the Indian economy. The market size of FMCG in India is estimated to grow from US$ 30 billion in 2011 to US$ 74 billion in 2018.


    Food products is the leading segment, accounting for 43 per cent of the overall market. Personal care (22 per cent) and fabric care (12 per cent) come next in terms of market share.
    Growing awareness, easier access, and changing lifestyles have been the key growth drivers for the sector.
    What are FMCG goods?

    FMCG goods are popularly known as consumer packaged goods. Items in this category include all consumables (other than groceries/pulses) people buy at regular intervals. The most common in the list are toilet soaps, detergents, shampoos, toothpaste, shaving products, shoe polish, packaged foodstuff, and household accessories and extends to certain electronic goods. These items are meant for daily of frequent consumption and have a high return.

    Top Companies

    According to the study conducted by AC Nielsen, 62 of the top 100 brands are owned by MNCs, and the balance by Indian companies. Fifteen companies own these 62 brands, and 27 of these are owned by Hindustan UniLever.

    The top ten India FMCG brands are:
    1.Hindustan Unilever Ltd. 
    2. ITC (Indian Tobacco Company) 
    3. Nestlé India 
    4. GCMMF (AMUL) 
    5. Dabur India 
    6. Asian Paints (India) 
    7. Cadbury India 
    8. Britannia Industries 
    9. Procter & Gamble Hygiene and Health Care 
    10. Marico Industries


    Road Ahead

    FMCG brands would need to focus on R&D and innovation as a means of growth. Companies that continue to do well would be the ones that have a culture that promotes using customer insights to create either the next generation of products or in some cases, new product categories.

    One area that we see global and local FMCG brands investing more in is health and wellness. Health and wellness is a mega trend shaping consumer preferences and shopping habits and FMCG brands are listening. Leading global and Indian food and beverage brands have embraced this trend and are focused on creating new emerging brands in health and wellness.

    According to the PwC-FICCI report Winds of change, 2013: the wellness consumer, nutrition foods, beverages and supplements comprise a INR 145 billion to 150 billion market in India, is growing at a CAGR of 10 to 12%.

    IN NEWS 




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