FMCG
@ZibiGroup
One of the biggest sectors in the world is the fast-moving consumer goods (FMCG) sector, which is expected to grow by $310.5 billion between 2022 and 2026. The growing demand for ready-to-eat food items is what propels the sector.
There are other difficulties as well, such as environmental and sustainability issues, globalisation, and competition. Despite these obstacles, the growing desire for convenient, high-quality products and growing disposable incomes in developing nations are predicted to fuel the FMCG industry’s continued expansion.
Market size:
he Indian FMCG market is projected to reach approximately ₹22.5 lakh crore (USD 275 billion) in 2024. This growth is driven by increasing disposable incomes, expanding urbanization, and changing consumer preferences, particularly in food, beverages, and personal care segments. Additionally, the rise of e-commerce and increased investments in innovation are contributing to the market’s expansion
Challenges:
⦿ Intense competition
⦿ Fluctuating raw material cost
⦿ Evolving consumer preferences
⦿ Sustainability concerns
⦿ Evolving rail landscapes