FMCG Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global FMCG market size was valued at USD 12.93 Trillion in 2024, driven by rising health awareness, urbanisation, the expansion of digital retail, and increasing demand for convenience and essential goods. Forecasts indicate a CAGR of 5.40% from 2025 to 2034, with the market anticipated to reach USD 21.88 Trillion. The market is expected to be driven by sustainable packaging, clean-label products, personalised offerings, and deeper penetration into emerging markets and e-commerce channels.

Global FMCG Market Report Summary

Description

Value

Base Year

USD Trillion

2024

Historical Period

USD Trillion

2018-2024

Forecast Period

USD Trillion

2025-2034

Market Size 2024

USD Trillion

12.93

Market Size 2034

USD Trillion

21.88

CAGR 2018-2024

Percentage

XX%

CAGR 2025-2034

Percentage

5.40%

CAGR 2025-2034- Market by Region

Asia Pacific

6.0%

CAGR 2025-2034 - Market by Country

India

6.1%

CAGR 2025-2034 - Market by Country

China

6.0%

CAGR 2025-2034 - Market by Product

Food and Beverage

6.2%

CAGR 2025-2034 - Market by Distribution Channel

Supermarkets and Hypermarkets

6.2%

Market Share by Country 2024

USA

XX%

FMCG Market Overview

AI-Driven Strategies Transform FMCG Market Amid Rising Pressures

As the FMCG market value continues to rise, manufacturers are increasingly turning to data-driven strategies to manage pricing pressures, adapt to evolving consumer behaviour, and stay competitive in dynamic retail environments. AI-powered analytics platforms are playing a critical role in enabling smarter pricing, improved retailer collaboration, and more effective promotional planning. In line with this shift, Dublin-based startup Advise secured €1.55 million in funding in January 2025 to expand its AI-enabled SaaS platform. The company supports FMCG brands by integrating sales, inventory, and customer data into real-time, actionable insights, helping them modernise operations and drive consistent performance in a rapidly changing consumer goods sector.

FMCG Market Growth

Rising Incomes and Spending is Boosting the Market Growth

The growth of the FMCG market is strongly influenced by rising income levels and consumer spending patterns, which drive demand for everyday essentials and branded products. As purchasing power increases, consumers tend to shift toward value-added, premium, and convenience-focused FMCG items, supporting market expansion across categories. The FMCG industry outlook remains positive, especially in economies showing steady income gains. In March, the U.S. Bureau of Economic Analysis reported a USD 116.8 billion increase in personal income and a USD 134.5 billion rise in personal consumption expenditures. These figures reflect growing consumer confidence and spending capacity, reinforcing expectations of continued growth driven by sustained demand and evolving consumption behaviours.

Key Trends and Recent Developments

The global FMCG market outlook is being shaped by evolving revenue strategies, advances in sustainable packaging, modernisation of retail infrastructure, and growing innovation in convenience foods.

April 2025

PepsiCo inaugurated its new Middle East Regional Headquarters in Riyadh and announced a SAR 30 million R&D hub to drive innovation in the GCC. With SAR 9 billion invested in Saudi Arabia over eight years, PepsiCo reinforced its commitment to local jobs, agriculture, and youth empowerment through programs like Tamakani and Youth Impact Studio.

April 2025

Unilever acquired UK-based personal care brand Wild, known for its natural, refillable deodorants and plastic-free packaging. This move supports Unilever’s Growth Action Plan 2030 by expanding its premium, sustainable offerings. Wild’s strong digital presence and rapid growth across the UK, Europe, and the US make it a strategic fit for Unilever’s personal care portfolio.

March 2025

Romania’s FMCG distribution group Aquila completed the acquisition of Hungary-based Kitax, one of the country’s top five distributors. This marks Aquila’s second international expansion after Moldova, strengthening its presence in the hygiene, HoReCa, and workplace safety sectors. Kitax’s nationwide logistics and eco-efficient infrastructure support Aquila’s continued growth and regional diversification strategy.

July 2023

Skippi launched Cornsticks, marking its entry into a new FMCG category beyond ice-pops. Available in four flavours, the gluten-free, trans-fat-free snacks target health-conscious consumers seeking tasty 4 PM options. With this launch, Skippi aims to diversify its portfolio and capture India’s growing demand for convenient, better-for-you snack alternatives.

Reshaping Revenue Strategies in the FMCG Industry

In the evolving FMCG landscape, companies are increasingly relying on integrated data to optimise performance across online and offline channels. Accurate, real-time insights are critical for shaping product, pricing, and distribution strategies. Reflecting this trend, NIQ launched its Omnisales solution in May 2023, covering over 800 e-retailers across France, Germany, Italy, Spain, and the UK, significantly impacting FMCG industry revenue by enabling a comprehensive view of market dynamics and sales trends.

Enhancement in Sustainable Packaging Expansion

The growing focus on sustainable, fibre-based packaging is significantly influencing FMCG market dynamics and trends, as companies prioritise eco-conscious solutions and supply chain efficiency. In line with this direction, Mondi announced on October 9, 2024, its €634 million acquisition of Schumacher Packaging’s operations across Germany, Benelux, and the UK. This expansion boosts Mondi’s capacity in Western Europe, enhancing its ability to meet evolving FMCG and e-commerce packaging demands with scalable, sustainable offerings.

Retail Infrastructure Modernisation

Modern retail spaces are playing a critical role in driving FMCG industry growth, as shopping centres adapt to shifting consumer expectations, demand for convenience, and broader lifestyle integration. These upgrades support a stronger brand presence and more dynamic retail experiences. On April 30, 2025, CPI Romania announced the addition of a 7,000 sqm Auchan hypermarket to Sun Plaza and a 16,000 sqm expansion for international retail brands as part of its phased transformation.

Innovations in Convenience Food

The growing demand for high-quality, ready-to-eat meals is boosting the growth of the FMCG market, as consumers prioritise convenience without sacrificing nutrition or taste. This has accelerated innovation in frozen foods and direct-to-consumer models. Reflecting this trend, German food-tech startup Freda secured seven-figure funding on September 17, 2024. With over 20,000 customers and steady monthly growth, Freda blends in-house production and artisanal partnerships while expanding into retail and new markets like Austria.

FMCG Market Trends

Advanced Logistics Driving FMCG Growth in Africa

FMCG market dynamics are shifting as companies focus on building agile, tech-enabled distribution networks and strengthening regional infrastructure to serve growing urban and peri-urban demand. Strategic investments in warehousing, cold chain logistics, and port connectivity are becoming critical to unlocking new growth corridors. One major indicator of FMCG market expansion is the December 2024 entry of Imperial Logistics into Senegal with a new 5,500m² site in Dakar. Backed by DP World’s broader USD 1.1 billion port development at Ndayane, the move signals a long-term commitment to West Africa. Imperial’s widening network across East, West, and Southern Africa reflects how advanced logistics will underpin the future of FMCG delivery across the continent.

FMCG Market Opportunities

AI-Powered Supply Chains Boost FMCG Reach

A growing shift toward digital infrastructure and tech-enabled supply chains is redefining FMCG products' reach in Africa’s fragmented retail sector. The continent’s expanding consumer base, coupled with rising mobile connectivity, is fueling innovation in last-mile delivery and inventory management. As investment flows into logistics innovation, FMCG market dynamics and trends are shifting toward models that prioritise efficiency, real-time data, and regional scalability. In March 2025, Sumet Technologies secured USD 1.5 million in pre-seed funding to expand its AI-driven distribution platform across Tanzania. With a network of over 6,500 retailers and a growing in-house brand, Ex-pido, Sumet’s approach highlights the future potential of tech-led distribution strategies to reshape FMCG access and growth across African markets.

FMCG Market Restraints

• The prevalence of counterfeit goods in informal markets undermines consumer trust and affects brand credibility. FMCG companies face challenges in protecting their intellectual property, maintaining product integrity, and ensuring consistent quality across diverse retail environments.
• Rapidly shifting consumer preferences, seasonal fluctuations, and lack of real-time data make accurate forecasting difficult. This often leads to overstocking or stockouts, affecting sales performance, increasing holding costs, and weakening overall supply chain responsiveness.

FMCG Industry Segmentation

“The EMR’s report titled “Global FMCG Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Product

• Food and Beverage
• Personal Care and Cosmetics
• Health Care
• Home Care
• Footwear
• Others

Breakup by Production Type

• Inhouse
• Contract Based

Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Grocery stores
• Speciality stores
• E-commerce

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

FMCG Market Share

Strong Demand and Sustainable Shifts Propel Food & Beverage Sector

According to FMCG market analysis, food and beverage continues to dominate as the most significant product segment, driven by its essential nature, constant consumer demand, and ongoing shifts toward healthier, more sustainable choices. Its role in daily consumption, combined with innovation and supply chain integration, reinforces its central position in the market. In the UK, the food and drink sector stand as the largest manufacturing industry, contributing £37 billion in GVA, with a turnover of £148 billion and domestic sales of £130 billion in 2023. Business investment reached £3.8 billion, reflecting the sector’s commitment to long-term growth.

Personal care and cosmetics have emerged as one of the fastest-growing segments in the FMCG market, driven by rising consumer focus on wellness, self-care, and premium product experiences. Brands are seeking quicker, more efficient ways to meet this demand with innovation and agility. Supporting this trend, Cosmetic Solutions Innovation Labs launched its Market Ready Skincare Portfolio in April 2025, enabling beauty brands to fast-track high-quality skincare products and streamline market entry without compromising on performance.

In-House Production Gains Momentum Owing to Operational Efficiency

As per the FMCG market report, in-house production models are gaining traction as companies prioritise operational efficiency, supply chain control, and rapid go-to-market strategies. This shift supports stronger brand ownership and cost optimisation across categories. In September 2024, Reliance Retail advanced this approach by transferring key FMCG brands like Campa, Snactac, and Puric to its in-house arm, Reliance Consumer Products Ltd (RCPL). Backed by a Rs 3,900 crore capital infusion, RCPL will oversee manufacturing and expansion, including exclusive bottling plants, positioning itself as the central force behind Reliance’s FMCG ambitions and long-term market competitiveness.

Contract-based production is playing a vital role in driving FMCG market growth, offering brands flexibility, reduced capital expenditure, and faster scalability in competitive segments. As demand surges across categories like personal care, food, and lifestyle products, companies are increasingly turning to specialised manufacturers for efficient execution. Reflecting this shift, Hindustan Foods Limited announced on December 29, 2023, the acquisition of a sports shoe manufacturing unit in Kundli, Haryana. Backed by a Rs. 100 crore investment plans, this move strengthens HFL’s position in supporting high-demand segments.

Wider Reach and Instant Access Boost FMCG Through Supermarkets

As per FMCG market analysis, supermarkets and hypermarkets remain the most influential distribution channels, accounting for a significant share of product visibility and consumer purchases. Their ability to offer bundled promotions, wide assortments, and immediate product access makes them key drivers of market growth. In February 2025, several brands, including OAKBERRY, Gerber, SeaPak, and Daily Harvest, announced new product launches across major retail chains such as Walmart, Sprouts, Meijer, and Amazon. These launches highlight how supermarket placement continues to be critical for consumer reach and the successful scaling of new FMCG innovations.

E-commerce and grocery stores are the fastest-growing distribution channels in the FMCG market, driven by changing consumer habits and demand for convenience. E-commerce offers rapid delivery, personalised deals, and broad reach, while grocery stores remain essential for immediate access and trust-based purchases. Their combined growth reflects a shift toward hybrid shopping behaviours, making them critical platforms for scaling FMCG brands and meeting evolving consumer expectations in real time.

FMCG Market Regional Analysis

CAGR 2025-2034 - Market by

Country

India

6.1%

China

6.0%

Brazil

5.9%

Mexico

5.7%

Saudi Arabia

5.7%

Canada

5.6%

Australia

5.2%

UK

5.1%

USA

5.1%

Japan

5.1%

Germany

5.0%

France

4.8%

Italy

4.6%

Clean Labels and Sustainability Drive FMCG Innovation in North America

The FMCG industry in North America is evolving rapidly with growing consumer demand for clean-label, plant-based, and allergen-free products. Companies are investing in scalable, sustainable ingredient solutions to meet shifting dietary preferences and environmental goals. Victory Hemp Foods’ launch of North America’s largest hemp heart protein and oil processing line reflects this trend. Located in Carrollton, Kentucky, the facility boosts production of its V-70® protein and V-ONE® oil, ensuring reliable supply chains for CPG brands and food manufacturers. With plans to source from over 20,000 acres of hemp by 2030, generating USD 18 million annually for local farmers, this expansion strengthens the FMCG industry’s focus on nutrition, sustainability, and innovation in food product development.

Real-Time Analytics Emerge as a Key FMCG Trend in Europe

The Europe FMCG market is rapidly evolving, with brands demanding faster, more detailed consumer insights to navigate inflation, supply disruptions, and shifting preferences. Traditional research methods lack the speed and granularity required, pushing the industry toward tech-driven solutions. Algori, a Madrid-based startup, is addressing this gap by using AI and a 50,000-strong consumer panel to deliver SKU-level insights in near real-time. Backed by €3.3 million in funding, Algori captures one in every 400 grocery receipts in Spain and provides weekly data updates, far exceeding the capabilities of legacy providers.

Competitive Landscape

The FMCG market key players are focusing on product innovation, digital transformation, supply chain efficiency, and sustainability. They are investing in emerging markets, expanding direct-to-consumer channels, and adapting to changing consumer preferences to maintain competitiveness and drive long-term growth.

Procter & Gamble

Founded in 1837 and headquartered in Ohio, United States, Procter & Gamble is a leading provider of personal health, hygiene, and consumer care products, with a portfolio spanning beauty, grooming, healthcare, fabric, and home care. Its trusted brands are known for quality and performance, offering practical solutions that enhance everyday routines for millions of households across multiple regions.

Unilever

Founded in 1929 and headquartered in London, United Kingdom, Unilever PLC is a British multinational consumer goods company operating across five key segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. Its diverse portfolio includes products such as soaps, shampoos, detergents, and foods, with well-known brands like Dove, Lifebuoy, Knorr, and Ben & Jerry’s.

The Coca-Cola Company

Founded in 1892, with its headquarters in Georgia, United States, The Coca-Cola Company is an American multinational that markets, manufactures, and sells beverage concentrates, syrups, and finished drinks. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juices, dairy, plant-based, and emerging beverages, making and moving some of the world’s consumed drink brands.

PepsiCo

Founded in 1965, with its headquarters in New York, United States, PepsiCo is a global food and beverage corporation involved in manufacturing, marketing, and distributing a wide range of snacks, beverages, and packaged foods. Its portfolio includes iconic brands like Pepsi, Lay’s, Doritos, Gatorade, and Quaker Oats, serving diverse markets and covering all key segments of the food and beverage industry.

Other key players in the FMCG market report include KCWW, Patanjali Ayurved Limited, Dr Pepper Snapple Group, Inc., Revlon Consumer Products LLC, Johnson & Johnson Services, Inc., and Nestle, among others.