FMCG Industry in India
Fast Moving Consumer Goods (FMCG) - alternatively known as consumer packaged goods (CPG) are products that are sold quickly and generally consumed at a regular basis, as opposed to durable goods such as kitchen appliances that are replaced over a longer period of time. The FMCG industry primarily engages in production, distribution, and marketing of consumer packaged goods. This category is comprised of food and dairy products, pharmaceuticals, consumer electronics, household products, packaged food products, and many others.
Trends in FMCG Industry
The fast-moving consumer goods sector is an important contributor to India's GDP. India's FMCG sector is the fourth largest sector in the economy, creating employment for more than three million people. Its principal constituents are household care, personal care, and food and beverages. The market is expected to maintain a high growth rate as the population (particularly the middle class and rural segments) converts to branded products. In 2022, retail e-commerce sales in India generated over 63 billion U.S. dollars. That figure is expected to increase to over 79 billion U.S. dollars by 2025.