Indian FMCG Market Poised for Exponential Growth, Projected to Reach USD 1,288.50 Billion by 2030
The Indian Fast-Moving Consumer Goods (FMCG) market, valued at USD 230.14 billion in 2023, is anticipated to experience a robust compound annual growth rate (CAGR) of 27.9% from 2024 to 2030, aiming to reach nearly USD 1,288.50 billion by 2030.
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Research Methodology and Report Scope:
Our research methodology combines rigorous primary and secondary research techniques. A bottom-up approach is employed for Market sizing, while secondary sources, including company annual reports and financial statements, are used to identify key Market players. We conduct in-depth interviews with industry experts, thought leaders, business owners, and Marketing specialists to gather firsthand insights. This multi-faceted approach ensures the accuracy and depth of our analysis. The scope of the report encompasses a global perspective, with regional deep dives to understand Market nuances across different geographies.
Recent Developments
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In February 2024, Varun Beverages announced an investment of Rs. 3,500 crore (USD 421.69 million) to establish manufacturing plants, creating approximately 1,500 jobs.
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In January 2023, ITC revealed plans to acquire 100% of Sproutlife Foods, the parent company of health food brand 'Yoga Bar,' over a span of three to four years.
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Market Segmentation:
by Product Type
Food & Beverages
Personal Care
Household Care
Health & Wellness
Others
increased urbanisation, shifting lifestyles, and increased disposable incomes have all contributed to the Food & Beverages segment's dominance of the Indian FMCG market in 2023, according to product type. The increasing demand for packaged snacks, ready-to-eat meals, beverages, and convenience foods favours this market. The market is significantly shaped by prominent Indian FMCG businesses such as Britannia Industries, ITC, and Nestlé India.
by Distribution Channel
Traditional Retail
Convenience Stores
Super Markets
Hyper Markets
Online
Others
According to the sales channel, the online retail sector led the market in 2023 and is anticipated to continue to do so at a growing compound annual growth rate (CAGR) throughout the forecast period. In recent years, online shopping has grown in popularity. Even while offline sales, which include Kirana stores, still account for the majority of all Indian FMCG retail sales, the expansion of online shopping trends, particularly e-commerce, is steadily surpassing the growth of Indian FMCG products in offline trade.
by Price Segment
Premium
Mid-range
Economy
by End-User
Households
Commercial
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Market Major Players:
1. Hindustan Unilever Limited (HUL)
2. Procter & Gamble (P&G)
3. Nestlé India
4. ITC Limited
5. Dabur India Limited
6. Godrej Consumer Products Limited (GCPL)
7. Marico Limited
8. Britannia Industries
9. Colgate-Palmolive (India) Limited
10. Parle Products Pvt. Ltd.
11. Coca-Cola India
12. PepsiCo India
13. Amul (Gujarat Co-operative Milk Marketing Federation)
14. Mahindra Agribusiness
15. Patanjali Ayurved Limited
16. Reckitt Benckiser India Ltd.
17. Asian Paints Limited
18. Bajaj Consumer Care Ltd.
19. Emami Limited
20. Kama Ayurveda
21. Other
Key Questions Addressed:
What are the key factors driving and restraining the Indian FMCG Market?
What is the current Market size and what is the projected Market size by 2029?
Which regions offer the most lucrative opportunities for Indian FMCG?
Who are the leading players in the Indian FMCG Market and what are their competitive strategies?
What are the emerging trends shaping the future of the Indian FMCG Market?
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Key Offerings:
- Historical Market Data and Competitive Landscape: Provides a baseline for understanding Market evolution.
- Historical Pricing Trends and Regional Price Analysis: Offers insights into pricing dynamics and regional variations.
- Market Size, Share, and Forecast by Segment: Provides detailed projections for each segment, allowing for targeted planning.
- Market Dynamics (Drivers, Restraints, Opportunities, and Trends) by Region: Offers a nuanced understanding of regional Market dynamics.
- In-depth Market Segmentation with Sub-segments and Regional Analysis: Enables precise Market targeting.
- Competitive Landscape with Key Player Profiles and Strategic Analysis by Region: Provides insights into competitive dynamics.
- Competitive Benchmarking of Key Players by Region: Facilitates competitive analysis.
- Comprehensive PESTLE Analysis: Examines the political, economic, social, technological, legal, and environmental factors impacting the Market.
- Porter's Five Forces Analysis: Assesses the competitive intensity and attractiveness of the Market.
- Value Chain and Supply Chain Analysis: Provides insights into the flow of goods and services within the Market.
- Legal and Regulatory Landscape by Region: Offers guidance on navigating regulatory complexities.
- Identification of Lucrative Business Opportunities with SWOT Analysis: Helps identify potential areas for investment and growth.
- Strategic Recommendations: Provides actionable insights for decision-making.
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