Global Consumer Packaged Goods (CPG) Market 2024-2028
The consumer packaged goods (CPG) market is forecasted to grow by USD 1280.8 bn during 2023-2028, accelerating at a CAGR of 4.49% during the forecast period. The report on the consumer packaged goods (CPG) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing sales of CPG products from e-commerce, growing demand for personalized nutrition, and rise of digital marketing and social media platforms as advertisement platforms for CPG.
Technavio's consumer packaged goods (CPG) market is segmented as below:
By Product
- Food and beverages
- Personal care and cosmetics
- Household supplies
- Pharmaceuticals
- Others
By Distribution Channel
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the rise of direct-to-consumer (D2C) brands as one of the prime reasons driving the consumer packaged goods (CPG) market growth during the next few years. Also, emergence of subscription services for CPG products and inclusion of technological advancements in global consumer packaged goods (CPG) market will lead to sizable demand in the market.
The report on the consumer packaged goods (CPG) market covers the following areas:
- Consumer packaged goods (CPG) market sizing
- Consumer packaged goods (CPG) market forecast
- Consumer packaged goods (CPG) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading consumer packaged goods (CPG) market vendors that include Anheuser Busch InBev SA NV, Campbell Soup Co., Carlsberg Breweries AS, Colgate Palmolive Co., Conagra Brands Inc., Diageo Plc, Heineken NV, Kellanova, Keurig Dr Pepper Inc., KWEICHOW MOUTAI Co. Ltd., LOreal SA, Mars Inc., Nestle SA, PepsiCo Inc., The Clorox Co., The Coca Cola Co., The Hershey Co., The Kraft Heinz Co., The Procter and Gamble Co., and Unilever PLC. Also, the consumer packaged goods (CPG) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.