Latest News- FMCG Market: Food and beverage is expected to lead the Type segment during 2025-2029

The FMCG Market is being driven by Growing preference for e-commerce online distribution

The FMCG Market is expected to grow at a CAGR of 3.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 456.9 billion. The FMCG market is witnessing a notable shift towards ready-to-eat (RTE) food products, driven by evolving consumer preferences and lifestyle trends. With increasing urbanization, rising disposable incomes, and the growing number of working professionals, students, and dual-income households, there is a surging demand for convenient meal solutions. Technological advancements in food processing and packaging, including modified atmosphere packaging (MAP), vacuum sealing, and microwaveable packaging, have significantly enhanced the RTE sector by extending product shelf life, improving quality, and ensuring convenience. Furthermore, the expansion of e-commerce and online grocery platforms has made RTE products more accessible to a broader consumer base, fueling market growth. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Food and beverage
  • Personal and beauty care
  • Health and hygiene care
  • Home care
• Distribution Channel
  • Offline
  • Online
• Product Type
  • Premium
  • Mass market
  • Private label
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • France
  • Middle East and Africa
  • South America
    • Brazil

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

• Growing preference for e-commerce online distribution
• Rise in disposable income and change in lifestyle
• Increasing demand for pharmaceutical products

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

• Lack of proper infrastructure in emerging economies
• Rules and regulations imposed on manufacturing of FMCG products
• Increasing counterfeit products

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Market Scope in FMCG Market Research Report

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Research Analysis Overview

The FMCG market encompasses various sectors including Food and Beverages, Oral Hygiene products, Home care, and Healthcare. Driven by changing lifestyles, the middle-class population's preferences lean towards packaged foods, cleansing products, and dual-income families' demand for convenience. Healthcare products, natural alternatives, and sustainable options are gaining popularity. Lifestyle changes have fueled the rise of online shopping, while counterfeit brands pose a challenge. E-commerce platforms offer a wide range of FMCG products from Food Beverages, Oral Hygiene, to Healthcare and Green alternatives. Consumer preferences continue to evolve, prioritizing natural and healthy options.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to enhance food safety and prolong shelf life. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market segment excludes manufacturers of food processing machinery and producers of alcoholic and non-alcoholic beverages, except mineral waters. Key growth drivers for the packaged foods and meats market include the health benefits linked to the consumption of minimally processed foods, such as vegetables, which are rich in essential nutrients including potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. Changing lifestyles and the increasing demand for convenient and hygienic home care and oral hygiene products are additional market growth factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/