Latest News- Consumer Packaged Goods (CPG) Market: Food and beverages is expected to lead the Product segment during 2025-2029

The Consumer Packaged Goods (CPG) Market is being driven by Increasing sales of CPG products from e-commerce

The Consumer Packaged Goods (CPG) Market is expected to grow at a CAGR of 4.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1476.3 billion. The emergence of Direct-to-Consumer (D2C) brands is revolutionizing the global Consumer Packaged Goods (CPG) market by enabling brands to build direct connections with consumers. By bypassing traditional intermediaries like retailers and wholesalers, D2C brands streamline the supply chain, gaining control over their products and pricing. Leveraging digital platforms, D2C brands engage consumers directly, fostering a deeper understanding of their preferences. This data-rich relationship fuels personalized marketing strategies and product offerings, providing valuable consumer insights for brands. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Food and beverages
  • Personal care and cosmetics
  • Household supplies
  • Pharmaceuticals
  • Others
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing sales of CPG products from e-commerce
• Growing demand for personalized nutrition
• Rise of digital marketing and social media platforms as advertisement platforms for CPG

However, the market also witnesses some limitations, which are as follows:

• Global inflation and supply chain disruption
• Volatility in raw material prices of CPG
• Unstable consumer preferences for CPG

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Market Scope in Consumer Packaged Goods (CPG) Market Research Report

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Research Analysis Overview

In emerging nations, the Consumer Packaged Goods (CPG) market for clothes and other items is experiencing significant growth due to increasing urbanization and rising per capita income. However, challenges such as pollution, incorrect labeling, volatile commodity prices, and regulatory issues persist. Private label brands and e-commerce, including online shopping, are on the rise, offering personalized fragrances and skincare products to meet consumers' evolving preferences. Despite competition and regulatory hurdles, the future prospects for the CPG industry remain promising.

Market Research Overview

The Consumer Packaged Goods (CPG) market encompasses vendors engaged in the processing and packaging of household commodities, including foods and meats. Technavio's market analysis calculates the size of the global packaged foods and meats market based on the consolidated revenue of these vendors. This market segment excludes equipment manufacturers and producers of alcoholic and non-alcoholic beverages. Factors driving the growth of this sector include the health benefits associated with consuming minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/