Global Consumer Goods Sector Overview and Channel Outlook

Global Consumer Goods Sector Overview and Channel Outlook

Summary

Global Consumer Goods Sector Overview and Channel Outlook, reports forecasts for market growth for consumer industries across regions for 2021-2025.

The global consumer goods market witnessed a decline of market value of US$1,53.1 bn in 2020, as a result of the pandemic outbreak. In 2021, the food industry is expected to record value sales of US$4,139.8 bn, followed the alcoholic and non-alcoholic drinks industries with value sales of US$1,622.8 bn and US$1,090.7 bn, respectively. All these industries are expected to record growth across all region during the forecast period (2020-2025).

ScopeAsia and Africa are set to record the highest growth in terms of absolute value and percentage terms over 2020-2025 All sectors are set to find more favorable market conditions in Africa, MENA and Asia over forecast periodGrowth prospects of food, pet care, tobacco, and cosmetics and toiletries sectors are high in India among the top 10 countriesMost countries in Asia grappled with second wave of COVID-19 during Q2 2021Australia is expected to lead value sales growth in the region in 2021Reasons to BuyGain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.Identify where the market is going and how consumer sectors are predicted to recover from the impact of COVID-19 in 2021-2022.Understand the scope of market growth for various consumer sectors across geographic regions over the next five years.