Indian FMCG Market size was valued at US$ 179.94 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 27.9% through 2023 to 2029, reaching nearly US$ 1007.45 Bn.
Indian FMCG Market Overview :
Reading the most recent report from Maximize Market Research, Indian FMCG Market, makes it simpler to comprehend the competition in the market. The study examines both the market as a whole and at its heart as well as a variety of subjective factors that can provide readers with practical business knowledge. The study looks at the market’s broad and essential elements as well as its intangible elements, which could give readers valuable business insights. The study also includes a value chain analysis and a market overview with information on applications, market size, and forecasts for the years 2023 to 2029. The study will be used to get a more accurate assessment of the current and future state of the market for flavour enhancers worldwide.
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Indian FMCG Market Segmentation :
Based on the Product Type, the market is segmented into Food & Beverages, Pharmaceuticals, Household & Personal Care, Consumer Electronics, and Others. Food & Beverages segment is expected to hold the largest market shares of xx% by 2029. The changing preferences of the upward middle class families from the urban areas gave importance to food & beverages sector and thus, fuelled the growth in the last few years. India is the world’s second largest producer of food, next only to China, and has the potential of being the largest player in food and agricultural sector. The food processing industry is one of the largest industries in India and is ranked fifth in terms of production, consumption, export, and expected growth. These are the key factor that drives the growth of this segment in the Indian FMCG market during the forecast period 2023-2029.
Based on the Demographics, the market is segmented into Urban and Rural. Rural segment is expected to grow rapidly at a CAGR of xx% during the forecast period. Accounting for a revenue share of around 45 %, rural segment is a large contributor to the overall revenue generated by the FMCG sector in India. Demand for quality goods and services have been going up in rural areas of India, on the back of improved distribution channels of manufacturing and FMCG companies.
Based on the Sales Channel, the market is segmented into Online and Offline. Online Retail segment is expected to grow rapidly at a CAGR of xx% during the forecast period. Online shopping has become popular in recent past. While offline sales comprising kirana stores continues to dominate the share, being the largest sales channel for overall FMCG retail sales, growth in sales through online shopping trend especially e-commerce is gradually outpacing the growth of FMCG products in offline trade. Post the announcement of demonetization and implementation of GST, the overall online trade is expected to grow at even faster rate with e-commerce. A faster growth in internet user base, broadband data consumption, and rise in smartphone penetration rate and in digital transaction is expected to drive the growth.
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Indian FMCG Market Key Players :
The following part covers sales, demand, high-quality product makers, revenue, and service providers, as well as the major competitors in the market for flavour enhancers on a global scale as well as developing enterprises.The study also examines the import-export, raw material sources, capacity utilisation, price structure, industrial supply chain, and value chain.In this report, the following people are highlighted:
2. Nestlé India
3. Cadbury India
4. ITC (Indian Tobacco Company)
5. Asian Paints (India)
6. Procter & Gamble Hygiene and Health Care
7. AMUL
8. Dabur India
9. Britannia Industries
10. Marico Industries
11. Colgate Palmolive
12. PepsiCo
13. Unilever
14. AB InBev
15. Coca-Cola
Indian FMCG Market Regional Insights :
Based on a number of commodities, applications, end users, and countries, among other factors, the research offers in-depth insights into numerous development potential and challenges in the aforementioned locations. Aspects of the virtual reality camera market like sales growth, product pricing and analysis, growth potential, and solutions to certain market issues are also included in the study.
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COVID-19 Impact Analysis on Indian FMCG Market :
crisis in world public health Nearly all businesses have been touched by COVID-19, and the long-term repercussions will probably have an influence on industry growth throughout the predicted period. Our ongoing study widens our research methods to take into account fundamental COVID-19 concerns as well as prospective next stages. The study analyses COVID-19 by taking into consideration changes in consumer demand and behaviour, purchasing patterns, the dynamics of current market forces, and significant government efforts. The updated research includes market insights, analysis, projections, and predictions based on the effects of COVID-19.
Key Questions Answered in the Indian FMCG Market Report are:
- Who are the key players in the Indian FMCG Market industry?
- In terms of the region, what is the potential market for Indian FMCG Market ?
- In the next five years, which application area of Indian FMCG Market is likely to develop at a substantial rate in the market?
- What opportunities do new market entrants have?
- How big will the Indian FMCG Market be in 2027?
- What are the Indian FMCG Market’s growth prospects?
- In the Indian FMCG Market report, what year is considered the base year?
- In the Indian FMCG Market which region has the biggest market share?
- What elements do you think will drive the Indian FMCG Market ?
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