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Consumer Packaged Goods Market Size, Share & Industry | 2031

Global Consumer Packaged Goods Market

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Segments - by Distribution Channels (Online and Offline), Types (Household Supplies, Food & Beverage, and Personal Care and Cosmetics), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Debadatta Patel

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Report Description

The global consumer packaged goods market size was valued at USD 5.29 Billion in 2022 and is projected to reach USD 7.21 Billion by 2031, expanding at a CAGR of 3.5% during the forecast period 2023-2031. The growth of the market is attributed to technological advances and innovative processing techniques to increase food shelf life.

Consumer Packaged Goods (CPGs) are those that require regular replenishment or replacement and are used on a daily basis by consumers. Food, clothing, drinks, cosmetics, cigarettes, and home items are examples of CPGs. Consumer switching costs are low in the consumer packaged goods market, and there is substantial market saturation, as customers may easily change their product for a low-cost, readily available product on the market. The product packaging must be appealing and unique in order to stand out from the competition in a supermarket or drugstore. Previously, consumer packaged goods were solely available in stores; however, they are now sold on the internet as well.

In August 2021, the Kroger Co. announced regional and local food products such as meals from new food suppliers, which accelerates the market growth. These suppliers bring exciting new products to stores around the country and introduce customers to locally prepared favorites.

The COVID-19 pandemic affected the consumer packaged goods market negatively, and pushed the market into the digital era. Consumers went online long before COVID-19, boosting e-commerce. It is not easy for people with restricted financial flow to make the necessary changes, but in many respects, this move to an online world was unavoidable. The pandemic posed many challenges for manufacturers of consumer packaged goods.

Consumer Packaged Goods Market Trends, Drivers, Restraints, and Opportunities

Technological improvements are anticipated to drive the market during the forecast period.
Changing lifestyles, modern retail trades, and increased popularity of quick-service restaurants are propelling the market.
Strict government rules on FDI are expected to hamper the market expansion in the coming years.
Lack of awareness of regional taste, language, and high capital investments hinder the growth of the market.
Rapid expansion of micro, small, and medium businesses create lucrative opportunities for the market players.

Scope of Consumer Packaged Goods Market Report

The report on the global consumer packaged goods market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Consumer Packaged Goods Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Distribution Channels (Online and Offline), and Types (Household Supplies, Food & Beverage, and Personal Care and Cosmetics)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	The Coca Cola Co; PepsiCo Inc.; Heineken N.V.; Unilever plc.; Nestle SA; Anheuser-Busch InBev SA/NV; and Procter & Gamble Co.

Consumer Packaged Goods Market Segment Insights

Online segment to expand at a considerable CAGR

On the basis of distribution channels, the consumer packaged goods market is bifurcated into online and offline. The online segment is projected to expand at a considerable CAGR during the forecast period, due to increasing frequency of advertisements and promotional packaging of goods. The offline segment is anticipated to account for a major market share during the forecast period, owing to the development of technologies.

Household Supplies segment to hold a significant share of the market

In terms of types, the market is divided into household supplies, food & beverage, and personal care and cosmetics. The household supplies segment is expected to hold a significant share of the market in the coming years, due to rising demand for quick-service casual restaurants. The food & beverage segment accounts for a significant market share. Improvement in packaging of food & beverages extends shelf life, provides a sanitary and easy-to-clean surface that prevents biofilm formation, and minimizes the usage of preservatives in the food industry.

North America is anticipated to constitute a key market share

In terms of regions, the consumer packaged goods market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period, owing to rising emphasis on customer experience in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to high growth of modern grocery retailers in the region.

Segments

The global consumer packaged goods market has been segmented on the basis of

Distribution Channels

Online
Off-line

Types

Household Supplies
Food & Beverage
Personal Care and Cosmetics

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

The Coca Cola Co
PepsiCo Inc.
Heineken N.V.
Unilever plc.
Nestle SA
Anheuser-Busch InBev SA/NV
Procter & Gamble Co.

Competitive Landscape

Key players competing in the global consumer packaged goods market are The Coca Cola Co; PepsiCo Inc.; Heineken N.V.; Unilever plc.; Nestle SA; Anheuser-Busch InBev SA/NV; and Procter & Gamble Co.

Major corporations are focusing on partnerships and cooperation to increase their market presence. For example, Kroger Company announced a grocery retail agreement with Loop in the US in May 2019 in order to minimize single-use plastics in the environment.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Consumer Packaged Goods Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Consumer Packaged Goods Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Consumer Packaged Goods Market - Supply Chain
  4.5. Global Consumer Packaged Goods Market Forecast
     4.5.1. Consumer Packaged Goods Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Consumer Packaged Goods Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Consumer Packaged Goods Market Absolute $ Opportunity
5. Global Consumer Packaged Goods Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Consumer Packaged Goods Market Size and Volume Forecast by Types
     5.3.1. Household Supplies
     5.3.2. Food & Beverage
     5.3.3. Personal Care and Cosmetics
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Consumer Packaged Goods Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Consumer Packaged Goods Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Consumer Packaged Goods Demand Share Forecast, 2019-2026
7. North America Consumer Packaged Goods Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Consumer Packaged Goods Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Consumer Packaged Goods Market Size and Volume Forecast by Types
     7.4.1. Household Supplies
     7.4.2. Food & Beverage
     7.4.3. Personal Care and Cosmetics
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Consumer Packaged Goods Demand Share Forecast, 2019-2026
8. Latin America Consumer Packaged Goods Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Consumer Packaged Goods Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Consumer Packaged Goods Market Size and Volume Forecast by Types
     8.4.1. Household Supplies
     8.4.2. Food & Beverage
     8.4.3. Personal Care and Cosmetics
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Consumer Packaged Goods Demand Share Forecast, 2019-2026
9. Europe Consumer Packaged Goods Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Consumer Packaged Goods Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Consumer Packaged Goods Market Size and Volume Forecast by Types
     9.4.1. Household Supplies
     9.4.2. Food & Beverage
     9.4.3. Personal Care and Cosmetics
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Consumer Packaged Goods Demand Share Forecast, 2019-2026
10. Asia Pacific Consumer Packaged Goods Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Consumer Packaged Goods Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Consumer Packaged Goods Market Size and Volume Forecast by Types
     10.4.1. Household Supplies
     10.4.2. Food & Beverage
     10.4.3. Personal Care and Cosmetics
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Consumer Packaged Goods Demand Share Forecast, 2019-2026
11. Middle East & Africa Consumer Packaged Goods Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Consumer Packaged Goods Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Consumer Packaged Goods Market Size and Volume Forecast by Types
     11.4.1. Household Supplies
     11.4.2. Food & Beverage
     11.4.3. Personal Care and Cosmetics
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Consumer Packaged Goods Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Consumer Packaged Goods Market: Market Share Analysis
  12.2. Consumer Packaged Goods Distributors and Customers
  12.3. Consumer Packaged Goods Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. The Coca Cola Co
     12.4.2. PepsiCo Inc.
     12.4.3. Heineken N.V.
     12.4.4. Unilever plc.
     12.4.5. Nestle SA
     12.4.6. Anheuser-Busch InBev SA/NV
     12.4.7. Procter & Gamble Co.

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