Consumer Packaged Goods Cpg Market Size Share Trends Forecast Consumer businesses that market exclusively to younger consumers are thus missing out; they ignore wealthy aging consumers at their own risk. 3. the squeezed but splurging middle. we expect that cost of living increases in advanced economies will continue to put pressure on middle income consumers. Global consumer goods industry growth was 5 percent at the turn of the century. in recent years, it has dropped to almost zero. looking forward, our forecasting indicates that consumer goods growth will rebound to an inflation adjusted 3–5 percent, which is half of what it was in era 1. cpgs now need to work much harder to generate growth.
Consumer Packaged Goods Industry Trends 2024 List Tamra Simonette Trends that will shape the consumer goods industry the consumer packaged goods (cpg) industry’s growth over the past quarter century has been nothing short of exhilarating. cpg companies have launched innovative products to meet an ever growing array of human needs and desires. they have expanded rapidly into the burgeoning. This holistic and sophisticated approach to personal wellness signifies a significant evolution. in 2024, this comprehensive and better for you trend will be a pervasive and transformative force, shaping how we perceive and prioritize our health journey. the better for you, or bfy, segment within the consumer packaged goods, or cpg, industry. Economic outlook for the consumer products industry. the year 2024 will likely be characterized by slower economic growth than in 2023 and slower consumer spending growth. yet it will probably be the last year of monetary policy tightening by major central banks. it is reasonable to expect a rebound starting in 2025. The consumer products industry is used to finding a way through periods of uncertain demand. in the last couple of decades alone, unflappable executive teams have steered consumer packaged goods companies (cpgs) through two of the most unstable periods of modern times: the 2007–08 global financial crisis and the covid 19 pandemic.
25 Consumer Packaged Goods Industry Statistics And Trends Economic outlook for the consumer products industry. the year 2024 will likely be characterized by slower economic growth than in 2023 and slower consumer spending growth. yet it will probably be the last year of monetary policy tightening by major central banks. it is reasonable to expect a rebound starting in 2025. The consumer products industry is used to finding a way through periods of uncertain demand. in the last couple of decades alone, unflappable executive teams have steered consumer packaged goods companies (cpgs) through two of the most unstable periods of modern times: the 2007–08 global financial crisis and the covid 19 pandemic. Overall client value description: for more than a century, niq has been at the forefront of consumer data and insights, providing the cpg industry with the most comprehensive view of market trends and performance. our extensive experience and cutting edge technology enable you to anticipate changes in consumer behavior, optimize product. The global cpg industry is predicted to add $3.18 trillion in value in 2024. in the united states, that amounts to $821 billion of value added. the industry value is projected to reach $18.94 trillion by 2031, a cagr of 5.1% from 2022 to 2031. top segments in the cpg space include food and beverage, cosmetics and personal care, household.
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