FMCG - #SectorUpdates
FMCG is one of the top 5 sectors in India in terms of revenue growth. Fifty percent of sales in the FMCG sector are made up of household and personal care items, followed by consumer healthcare which accounts for 31%-32% of sales, and food and beverage accounting for 18% –19% of sales contribution. Approximately 5% of all manufacturing employment in India, or about 3 million people, are employed by it. It makes a significant contribution to India’s GDP expansion. The country’s FMCG sector is expanding as a result of increasing supply and conducive demand side conditions. From US$ 110 billion in 2020, the FMCG market in India is projected to grow at a CAGR of 14.9% to US$ 220 billion by 2025. The FMCG sector in India expanded by around 16% in the calendar year 2021 amid the pandemic. The market for processed foods in India is also anticipated to grow from US$ 263 billion in 2019–20 to US$ 470 billion by 2025. By 2022, the FMCG sector is anticipated to experience growth in value terms in the range of 8–10%.