FMCG stands for Fast Moving Consumer Goods which are also referred to as CPG (Consumer Packaged Goods) in some countries
Going through the article you all will realize that these are products that you see almost everyday around you but might make you feel better that now you can relate to this commonly used term and get a deeper understanding on it's background and how large this Industry is.
FMCG goods are usually consumer goods with short shelf life like soft drinks, dairy products, frozen goods, household cleaning materials, medicines etc. Typically FMCG products low margins but focussed on volume sales. Due to the extensive use they have in our daily life the Industry has evolved into an extremely Organized Sector, highly competitive and provides huge employment opportunities.
According to a report published by Allied Market Research, titled,"Global FMCG Market by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global FMCG market size was valued at $10,020.0 billion in 2017 and is projected to reach $ 15,361.8 billion by 2025
In India, FMCG stands at no. 4 position in Indian Economy with 3 main segments: Household and personal care-50%, Healthcare-31% and Food and Beverage at 19%. But at USD 110 Billion (equivalent to Rs. 11,000 Crores ) in the year end 2020
World’s Largest FMCG Companies
The FMCG industry is composed of some of the most well-known brands worldwide; that’s why it is often a great career opportunity to work with such companies. As of 2017, here are the 5 biggest Companies (source) globally and in the Indian market. We have added pictures of some of their most popular brands for the readers to identify
Globally Big 3 with a few popular Products:
Procter & Gamble:
A few of the Top FMCG Indian Companies along with their popular Brands: