Indian FMCG Market is expected to be 35% during the forecast period and the market size is expected to reach nearly US$ 44.13 Bn by 2027.
Indian FMCG Market Overview:
For the global industry’s Indian FMCG market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.
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Market Scope:
Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.
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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 2027. 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 2021-2027.
Key Players:
• Hindustan Unilever Ltd.
• Nestlé India
• Cadbury India
• ITC (Indian Tobacco Company)
• Asian Paints (India)
• Procter & Gamble Hygiene and Health Care
• AMUL
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Regional Analysis:
A country-level study of the Indian FMCG Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Indian FMCG Market study.
COVID-19 Impact Analysis on Indian FMCG Market:
The study investigates macroeconomic data, market trends, underlying variables, and market attractiveness by segment. COVID-19 (Corona Virus) has an influence on the product industry chain, encompassing upstream and downstream markets, regions, and nations, as well as the future growth of the industry.
Key Questions Answered in the Indian FMCG Market Report are:
- Which are the major players in the Indian FMCG market?
- What key trends are likely to emerge in the Indian FMCG market in the coming years?
- What will be the Indian FMCG market size by 2027?
- Which company held the largest share in the Indian FMCG market?
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