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FMCG

  • The Fast-Moving Consumer Goods (FMCG) industry represents one of the largest industries worldwide, with a projected growth of $310.5 billion between 2022 and 2026. The industry is driven by the rising consumption of ready-to-eat food products.

    Some challenges are also there which include sustainability ad environment concerns and globalization and competition. Despite these challenges, the FMCG industry is expected to see continued growth due to rising disposable incomes in developing economies and the increasing demand for convenient, high-quality products.

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Overview

fmcg
  • Market size:
    • The FMCG industry is a global giant. While estimates vary, the market size is significant, with figures ranging from USD 111.43 billion in 2023 to projections of reaching USD 148.51 billion by 2030.
    • A CAGR of 3.66% is expected during the forecast period.
  • Challenges:
    • Intense competition
    • Fluctuating raw material cost
    • Evolving consumer preferences
    • Sustainability concerns
    • Evolving rail landscapes

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