Indian FMCG Market reaching nearly US$ 1007.45 Bn by 2029

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:

The Indian FMCG Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Indian FMCG Market , as well as the reasons for variations in the industry’s growth in various locations.

Market Scope:

This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.

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Drivers:

When we talk about FMCG, the first thought that lingers in our mind are products that are consumed on a daily basis. The increasing disposal income in rural India and low penetration level in rural market are propelling the Indian FMCG sector at an accelerating speed.

The focus on agriculture, MSMEs, education, healthcare, infrastructure and tax rebate under the Union Budget 2022-2029 is expected to directly impact the FMCG sector. These initiatives are expected to increase the disposable income of the common people, especially in the rural area, which will be beneficial for the sector.

Indian FMCG Market Segmentation:

by Product

Food & Beverages
Pharmaceuticals
Household & Personal Care
Consumer Electronics
Baby and Child Care
Tobacco and Tobacco Products
Petcare
Others

by Demographics

Urban
Rural

by Sales channel

Online
Offline
Supermarket/ Hypermarket
Grocery Stores
Others

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Indian FMCG Market Key Players :

The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Indian FMCG Market are as follows:

2. Nestlé India
3. Cadbury India
4. ITC (Indian Tobacco Company)
5. Asian Paints (India)
6. Procter & Gamble Hygiene and Health Care
7. AMUL
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:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Indian FMCG Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Indian FMCG Market :

Due to a break in operations, end-user sectors where Indian FMCG Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Indian FMCG Market manufacturers, affecting the development of the Indian FMCG Market in 2020. End-user business demand for Indian FMCG Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Indian FMCG Market Report are:

  • Which segment had the largest share in the Indian FMCG Market in 2021?
  • What is the competitive landscape of the Indian FMCG Market ?
  • Which are the key drivers aiding the Indian FMCG Market growth?
  • Which region has the maximum share in the Indian FMCG Market ?
  • What will be the CAGR of the Indian FMCG Market during the forecast period (2022-2027)?

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