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Indian FMCG Market Analysis 2023-2029: Consumer Trends, Competitive Landscape, and Growth Strategies

Submitted by heenammr on Sun, 10/15/2023 - 21:39

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:

Maximise Market Research's study on the Indian FMCG Market provides a thorough examination of the market, covering its industrial environment, main players, evolving trends, and regional insights. The results are presented in a logical and understandable way, and the report is based on both primary and secondary research.

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Indian FMCG Market Scope:

The Indian FMCG Market is well covered by MMR's study, which also identifies the top international players in the market according to variables like volume, value, market share, tactics, and industry growth. It is anticipated that the research will assist firms in strengthening their position in the industry and provide strategies for both new and established market entrants. Together with segmentation by type and end users, the research provides market revenue by area and country.

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:

2. Nestlé India
3. Cadbury India
4. ITC (Indian Tobacco Company)
5. Asian Paints (India)
6. Procter & Gamble Hygiene and Health Care
8. Dabur India
9. Britannia Industries
10. Marico Industries
11. Colgate Palmolive
12. PepsiCo
13. Unilever
14. AB InBev
15. Coca-Cola

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Regional Analysis:

The study focuses on North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa as the five key regions for the plastic punnets market. The bulk of the world's consumption of plastic punnets is attributed to these regions.

Key Questions answered in the Indian FMCG Market are:

What is Indian FMCG Market ?
What is the forecast period of the Indian FMCG Market ?
What is the competitive scenario of the Indian FMCG Market ?
Which region held the largest market share in the Indian FMCG Market ?
What are the opportunities for the Indian FMCG Market ?
What are the restraining factors in the Indian FMCG Market ?
Who are the key players of the Indian FMCG Market ?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Indian FMCG Market
Landscape- Leading key players and other prominent key players.
Price Trends
Key Opinion Leaders Offerings
Government Initiatives
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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