The Indian FMCG Market size was valued at USD 230.14 Billion in 2023, and the total Indian FMCG revenue is expected to grow at a CAGR of 27.9 % from 2024 to 2030, reaching nearly USD 1288.50 Billion by 2030.
Indian FMCG Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Indian FMCG Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Indian FMCG market by thorough analysis, and projections are made up to 2030.
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In-depth analysis of the market scope and research methodology for the emerging sector of Indian FMCG Market:
The Indian FMCG market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Indian FMCG market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Indian FMCG market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Indian FMCG market were developed. The study provides a thorough value chain analysis that clarifies the Indian FMCG production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Indian FMCG market on a global and micro level.
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Indian FMCG Market Segmentation:
by Product Type
Food & Beverages
Personal Care
Household Care
Health & Wellness
Others
Due to factors including growing urbanization, shifting lifestyles, and increased disposable incomes, the Food & Beverages segment has dominated the Indian FMCG industry in 2023. The increasing demand for packaged snacks, ready-to-eat meals, beverages, and convenience foods favors this market. The market is significantly shaped by prominent Indian FMCG businesses such as Britannia Industries, ITC, and Nestlé India. Products like Britannia biscuits, PepsiCo drinks, and Maggi noodles have become commonplace in homes. This market sector is also developing as a result of consumers' increasing choice for healthier food options including organic and fortified meals. Food & Beverages' dominance in the Indian FMCG market is further reinforced by the growing popularity of e-commerce platforms, which also make food products more accessible.
by Distribution Channel
Traditional Retail
Convenience Stores
Super Markets
Hyper Markets
Online
Others
With a growing compound annual growth rate (CAGR), the Online Retail category is anticipated to continue to dominate the market, as it did in 2023. 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. E-commerce as a whole is predicted to expand at an even higher rate following the announcement of demonetization and the introduction of the GST. Broadband data consumption, smartphone penetration rates, and digital transactions are predicted to increase at a faster rate than the number of internet users.
by Price Segment
Premium
Mid-range
Economy
by End-User
Households
Commercial
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Indian FMCG Market Key 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
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Indian FMCG Market Regional Insights :
The size and trends in the Indian FMCG market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Your Ultimate Guide: Key Questions Answered in the Latest Market Report:
- What is Indian FMCG?
- What was the Indian FMCG market size in 2023?
- Which are the factors expected to drive the Indian FMCG market growth?
- Who are the leading companies and what are their portfolios in Indian FMCG Market?
- What growth strategies are the players considering to increase their presence in Indian FMCG?
- What are the upcoming industry applications and trends for the Indian FMCG Market?
- What will be the CAGR at which the Indian FMCG market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Indian FMCG Market?
- What are the different segments of the Indian FMCG Market?
- What is the growth rate of the Indian FMCG Market?
- What segments are covered in the Indian FMCG Market?
- Who are the key players in the Indian FMCG market?
- What are the key challenges and opportunities in the Indian FMCG market?
- Which application holds the highest potential in the Indian FMCG market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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