In 2021, the market for US fast-moving consumer goods (FMCG) was valued at USD 15,315.25 billion. Forecasts suggest that the market will grow, with a projected value of USD 22,863.25 billion by 2030, up from USD 15,829.84 billion in 2022. This is a compound annual growth rate (CAGR) of 4.56% from 2023 to 2030.
In-depth analysis and insights into the market's size, sales, key categories, growth drivers, limiting factors, and regional industrial presence are provided in the US Fast Moving Consumer Goods (FMCG) Market Research Report. The goal of the market research study is to understand the company and its commercial potential by conducting a thorough investigation of the consumer and retail sectors. Consequently, the customer gains extensive understanding of the business and industry from historical, contemporary, and prospective viewpoints, enabling them to make wise financial and resource allocation decisions.
In addition, this research study includes current assessments and estimates for all industrial categories and geographical locations. The US Fast Moving Consumer Goods (FMCG) Market research report is the result of months of hard work by knowledgeable forecasters, imaginative analysts, and astute researchers. Using the specific and up-to-date information provided in this report, businesses can gain an understanding of the types of consumers, consumer demands and preferences, their perspectives on the product, their purchasing intentions, their response to a specific product that is already on the market, and their varying tastes about a specific product that is already on the market.
Overview of the FMCG Market
Products with a short shelf life and high consumption frequency make up the FMCG market. These products are often inexpensive and distributed in big quantities, making them necessities for day-to-day life. FMCG products comprise of items such as packaged foods, cleaning supplies, toiletries, and over-the-counter medications. The strong demand and quick turnover of FMCG goods make them a major source of income for both manufacturers and merchants.
Research Methodology
The report has its roots definitely set in thorough strategies provided by proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provide a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as annual reports, and white papers have been used by data analysts for an insightful understanding of the market.
Key Companies in the Fast Moving Consumer Goods market include
- Nestle S.A.
- Pepsico Inc.
- Coca Cola
- Unilever
- Tyson Foods
- Procter & Gamble Co.
- L'OREAL SA
- ANHEUSER-BUSCH INBEV
- JBS Foods
- Kraft Heinz
Fast Moving Consumer Goods Industry Developments
March 2021 Nestle Sa has launched its two new syrup categories which ultimately taste like freshly-baked cookies. The launch of this product further enhances the sectoral growth of the business..
March 2021 Nestle SA has introduced a new chocolate sweet syrup flavor that can be added to the ice creams which has been inspired by the signature cookie dough.
July 2021 PepsiCo announced its new products with reduced sugar content by 25% in sodas and iced tea in the European region. Through this technology the company aims to catch the attention of health-conscious consumers.
June 2023 Nestle SA has launched its two new plant-based dairy alternative products, under its Barista brand name. The development has taken place in the Chinese market wherein it will focus on the oat and pea-based food products in the market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
2 MARKET INTRODUCTION 23
3 RESEARCH METHODOLOGY 26
4 MARKET DYNAMICS 32
5 MARKET FACTOR ANALYSIS 43
6 GLOBAL FAST MOVING CONSUMER GOODS MARKET, BY TYPE 56
7 GLOBAL FAST MOVING CONSUMER GOODS MARKET, BY PRODUCTION TYPE 66
8 GLOBAL FAST MOVING CONSUMER GOODS MARKET, BY DISTRIBUTION CHANNEL 69
9 GLOBAL FAST MOVING CONSUMER GOODS MARKET, BY REGION 73
10 COMPETITIVE LANDSCAPE 102
11 COMPANY PROFILES 107
12 APPENDIX 147
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