Consumer Packaged Goods Industry Trends and Analysis. In the US grocery channel, for example, the number of SKUs has grown by 50 percent in just the past seven years. It has penetrated every aspect of human life leading to aggressive investment and innovation by tech companies. Greater focus on healthier products. Trends that are popular today will continue to be in the future, especially for items that start with an eco-friendly foundation. No one is ready to claim that brick-and-mortar retail is dead. The existing trend for ‘clean’ foods continues, inspired by … That also includes each product’s packaging, which buyers expect to be sustainable as well — compostable, recyclable, and with a minimal carbon footprint. Sumit Chopra, Consumer Research Director at GlobalData, a leading data and analytics company, highlights top five innovation trends that are going to impact the production, marketing and sales of consumer goods in Asia-Pacific (APAC) in 2019. Evolving consumer buyer behaviors and the resulting business operation changes they command will create a host of new job categories and employment opportunities. Finding … Consumer goods industry is growing at a very fast pace. Below are a few key trends in the consumer goods industry: Two-thirds of all U.S. consumers expect direct access to the companies from which they buy goods and services. Explore our trends series. All Rights Reserved. It is imperative to stay aware of the newest trends and respond to consumer’s demands quickly. EXECUTIVE SUMMARY Both life and non-life insurance penetration rates … Digitally together 5. or tackle societal issues important to the consumer. Global Consumer Goods Industry AGV Market Report 2019. — now shop for consumer packaged goods online, a trend that shows little sign of slowing down in 2019. CPG companies emphasizing multi-channel buying experiences with a heavy focus on online shopping in the new year will enjoy a significant advantage over those that choose not to adapt to changing buyer behaviors. Growing Pains: The Year in Review. FMCG trends – it’s all about the consumer in 2019 The consensus on trends for 2019 in the fast-moving-consumer-goods (FMCG) sector is that the consumer will continue to be king. Includes all spending on goods and services by members of UK households. Age agnostic 2. And the brands that employ. Finding a way to differentiate a product from the fierce … Retail home delivery has been a smashing success for early adopters, and in 2019 everyone from. , and the companies that capture, analyze, and mobilize it will win in 2019. If there’s anything the industry has learned about its consumers in the past few years (coinciding with the rise of the millennial consumer), it’s that today’s buyer values transparency in business operations and sustainability in the products they buy. We expect to see more of this trend in 2019 as brick-and-mortar retailers will try to keep their relevancy by implementing creative strategies focused on technology and customized experiences. Get our guide to finding a mobile app that maximizes your field team efficiency and grows your revenue. to popular pharmacies and regional grocers will launch and expand their delivery service options. It can be broken down by type of goods. Published: Nov-2019 | Format: PDF | BisReport | Number of pages: 117 | Code: MRS - … Transparency and Sustainability If there’s anything the industry has learned about its consumers in the past few years (coinciding with the rise of the millennial consumer ), it’s that today’s buyer values transparency in business operations and sustainability in the products they buy. Whether it’s Amazon Prime, meal kit services, or any number of the newly-introduced grocery delivery services, consumers increasingly prefer to, have their goods delivered directly to their home. Top 100 Consumer Goods Companies of 2019 By CGT Staff - 12/01/2019 Get great content like this right in your inbox. Consumer trends, UK: July to September 2019. .Transparent packaging is on the rise, with glass and clear. In this publication, we discuss the biggest trends impacting the industry and highlight how some retailers are taking up the challenge and staying competitive. Change is both inevitable and beneficial. CPG companies emphasizing multi-channel buying experiences with a heavy focus on online shopping in the new year will enjoy a significant advantage over those that choose not to adapt to changing buyer behaviors. According to the The Millennium Development Goals Report 2015, back in 2000s, about 30 percent of people in developing countries lived in extreme poverty, compared with less than 15 percent today. The global consumer packaged goods industry expects to see at least 1 billion new customers come into the marketplace over the next 10-year forecast. Reimagining consumer-goods innovation for the next normal Only now, backed by an empowered consumer voice and an analytical understanding of consumer preferences, can a CP company embed consumer-centrism within their organizational structure. Benchmarking worldwide success in the consumer goods industry. The 2019 consumer products industry trends reflect the shifting industry tides with new opportunities and challenges to enabling long-term success. Don’t find what works for organizations like yours – find what works for consumers like yours. Consumer products (CP) companies today are bombarded from all sides with directives to become leaner, faster, flatter, nimbler, and more agile. Click-and-collect — which allows consumers to buy online and then pick up in-store or at curbside — is another emerging e-commerce trend that retailers will refine in 2019. Consumer goods industry is growing at a very fast pace. ... With insight and analysis on shifting consumer trends over the next one, five and 10 years, discover how the seven consumer drivers will evolve markets like never before. Consolidation, brand erosion, technological innovation, retailer growth, and the emergence of digital competition have impacted the composition of today’s largest global businesses. Benchmarking worldwide success in the consumer goods industry… Infiniti Research has announced the completion of their recent article on trends shaping the consumer packaged goods industry in the next decade. Global Retail Trends 2019. Household final consumption expenditure (HHFCE) for the UK, as a measure of economic growth. Dubbed ‘the year of the CVA’, 2018 offered retailers some of the toughest trading conditions since the recession. Growth in Virtual and Augmented Reality. For the consumer products industry, the year ahead is likely to be defined by technology advancements and the continued pursuit of customercentricity. In 2019, the U.S. consumer goods market (defined as consumer packaged goods) was the largest in the world, estimated at $635 billion, based on a comprehensive study conducted by Statista. The most important sectors are consumer electronics, office supply, home goods and luxury goods.. As new startups and competition in the market boast speed and agility, consumer products companies feel the pressure to compete. The rise of on-demand home delivery will put additional pressure on traditional retailers to re-imagine their sales model, including simple tweaks like evolving their merchandising strategy all the to the point of even reducing physical floor space. Download the 2019 Consumer Products Industry Trends. More specifically, it’s food and beverages sold by weight that should be on your radar. CONSUMER TRENDS REPORT 2019 https://eiopa.europa.eu/ PDF ISBN 978-92-9473-220-0 ISSN 2467-3714 doi:10.2854/503448 EI-AB-19-001-EN-N ... CONSUMER TRENDS REPORT ffifi fl 5. Only 12% of the Fortune 500 from 1955 remains in business today. Meal Kits & CPG Subscription Models. February 17, 2019. The fast-moving consumer goods (FMCG) sector has undergone a significant transformation over the past decade and it continues to evolve. ... Voice technology and increasing consumer comfort with robots is changing the industry landscape; Top 100 Consumer Goods Companies of 2019 By CGT Staff - 12/01/2019 Get great content like this right in your inbox. At Nielsen, we’re committed to filling knowledge gaps and exploring the disrupting store trends of today and in the future. Euromonitor International is the leading provider of strategic market research reports. For many brands, the beginning of a new calendar year is a logical time to hit the reset button. This mindset, while understandable, is not conducive to long-term consumer relationships or sustainable growth. ... A global database of new consumer packaged goods launches in 86 markets. Markets across the board have had to evolve to meet the needs of the modern consumer, and Consumer Packaged Goods (CPG) is no exception. Markets across the board have had to evolve to meet the needs of the modern consumer, and Consumer Packaged Goods (CPG) ... How The CPG Industry Can Capitalize On Consumer Trends. Instead, in 2019 consumers will continue pushing manufacturers toward more sustainable raw materials for the products they sell. Consumer Products Insights From product innovation to retail consolidation, Bain Insights provide fresh analysis on this changing market. In addition to five years of data, the list also includes the 10 companies with the largest growth percentage. It’s hard to overstate the importance of data. Innovation will be a driving force for CPGs in 2019 The past year witnessed CPG innovation and experimentation in several crucial areas — such as cross-channel customer interactions, new products and brands and exciting product displays — with implications for the industry at large. While emerging markets receive a lot of attention, mature markets like Western Europe also face significant changes. People are looking for more convenience in their busy lives; at the same time, they care about the effects on their health of what they are consuming. Consumer electronics have become an essential part of our daily routine. In 2020, the total market size of the subscription e-commerce … AI took the center stage at the CES 2019 and showed how it will influence every aspect of our lives. Food Drink and Consumer Goods (FDCG) companies have stood strong against trends changing the industry. This industry has seen many new products and developments in recent years, which has led to aggressive investment and innovation. But eCommerce is rapidly taking an increasingly larger chunk of the pie. For an unexpected example, pet welfare is an increasingly important subject with the $200 billion-per-year millennial cohort. Subscribe. However, the consumer goods industry can also include more specific segments like the major textile sectors : clothing and textile, footwear and household textile, … The consumer electronics industry is constantly evolving and growing at a fast pace. Each new year, consumers eagerly anticipate new products hitting the market. That also includes each product’s packaging, which buyers expect to be sustainable as well — compostable, recyclable, and with a minimal carbon footprint. The U.S. companies that make up the consumer goods industry are as varied as the subsectors within the industry. Pet owners view their pets more as members of the family than as a possession and will aggressively seek out up-market, high-quality pet food featuring organic and natural ingredients, creating a massive market opportunity for CPG companies in the new year. The U.S. companies that make up the consumer goods industry are as varied as the subsectors within the industry. The world already produces billions of bytes of data each day, and the companies that capture, analyze, and mobilize it will win in 2019. A transaction today involves more than just an exchange of payment for goods and services. Consolidation, brand erosion, technological innovation, retailer growth, and the emergence of digital competition have impacted the composition of today’s largest global businesses. We don’t go shopping, we just are shopping.” Nearly 50% of consumers — including over 55% of GenX and over 40% of Baby Boomers — now shop for consumer packaged goods online, a trend that shows little sign of slowing down in 2019. Consumer Goods Contract Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2023 iCrowd Newswire - Jan 10, 2019 WiseGuyRerports.com Presents “ Global Consumer Goods Contract Packaging Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023 ” New Document to its Studies Database Read more They take the lessons learned over the previous year to rejuvenate mature or stagnant products with new ingredients or formulations while planning the launch of brand new ones. That is, don’t build a fast organization because consumers value speed, instead build an organization that can understand and act on what consumers value. ... A better indication of the trend is the number of seated diners compared to 2019 for only those restaurants that are open in 2020, that were also open during the same time in 2019. Moreover, rise in disposable incomes, emerging middle-class, evolving lifestyle preferences, and the penetration of smart devices has contributed to the overall growth of the global consumer electronics […] 1 Constant innovation, along with a knack for passing on Pet owners view their pets more as members of the family than as a possession and will aggressively seek out. And the brands that employ predictive analytics to optimize both online and in-store sales (including cross-selling and up-selling opportunities) will be especially successful. Some companies are going beyond merely updating flatlining products and reinventing themselves. But eCommerce is rapidly taking an increasingly larger chunk of the pie. Back to basics for status 3. The consumer packaged goods industry is changing rapidly. The industry has hit a point of critical mass where consumer expectations, market dynamics, and technological breakthroughs have created a landscape ripe for transformation. Consumer Goods; Bath Towel Market By Type (Bamboo Fiber Bath Towel, Turkish cotton bath towels, Plush Bath Towel, Microfiber bath towels, Others), By Application (Household, Commercial), Industry Analysis, Trends, and Forecast 2019 Consumer Goods; Guitar Market By Type (Acoustic Guitars, Electric Guitars and Solar Guitars), By Number of Strings (Six Strings, Eight Strings, Twelve Strings and Others), Industry Analysis, Trends, and Forecast 2019 Top 100 Consumer Goods Companies of 2019. food products. As the industry seeks to engage consumers in innovative ways, trends such as pop-up stores, connected supply chains, and direct-to-consumer brands could shape CP companies’ strategies. Utah... AI and image-recognition technologies can ease the procurement process and reduce the … In stores across America, all of CPG rings in at $813 billion in annual sales, up nearly $18 billion, or 2%, from a year ago. With the CAGR of X.X%, … ... How The CPG Industry Can Capitalize On Consumer Trends. Here are the top trends to watch for in the CPG world in 2019. Watch this video to learn more, and read our accompanying article, “Western Europe’s consumer-goods industry in 2030.” In order to be effective, consumer-centrism must run deep through all areas of your business as the key tenet for how the organization runs. Consumer Packaged Goods Industry Trends and Analysis. In 2019, the export ratio … Trends that are popular today will continue to be in the future, especially for items that start with an eco-friendly foundation. ... With insight and analysis on shifting consumer trends over the next one, five and 10 years, discover how the seven consumer drivers will evolve markets like never before. ... and sporting goods, have seen a significant recovery in the summer months. A new study by research firm Canvas8 surveyed 42 experts from a wide range of fields, including shopping, health, food, luxury, money, career, entertainment and lifestyle about trends for 2019. These consumer goods industry trends are on the upswing and have led to the generation of two new concepts: organic products and packaging without plastic. The global consumer packaged goods industry expects to see at least 1 billion new customers come into the marketplace over the next 10-year forecast. In 2019 science-based targets are expected to be the next sustainability game-changer, with businesses engaging with the UN’s sustainability goals to protect their brand reputation and achieve long-term sustainable growth. Consumer-centrism has been a term in the CP world across a variety of functions for years. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the FMCG (Fast-Moving Consumer Goods) market in 2020. The consumer goods industry is a really broad industry which include several sectors. The global hi-tech goods industry is forecast to grow by 3.4% year-on-year in 2019 in real terms to US$6.6 trillion. Ali Palmer, Partner and Head of Odgers Interim's Consumer Practice, and Zoe Wakeham, Odgers Interim's Consumer Consultant, look at the 5 key consumer trends they expect to play out this year. February 17, 2019. AI today is virtually integrated into every piece of IoT technology and is changing the way companies do business. This statistic displays the number of consumer goods companies trading on the London Stock Exchange (LSE) from January 2018 to June 2019. Growing Pains: The Year in Review. Why? The 2018 report published by Mintel affirms the rising trend of consumers preferring to consume products labeled as “organic” or “natural” in both Spain and Germany as they are perceived to be better for the environment. It involves an exchange of data and is a reflection of trust. These “super-winners,” as McKinsey and Co. calls them, also have another trick up their sleeve for growth: consolidation. We’ve combined the insights from more than 3,500 CEO interviews with expert analysis to produce a series of reports across industries and critical topic areas. The Top 100 Consumer Goods Companies of 2020. The Future of Industry Reports. It’s no longer enough for manufacturers simply slap the nutritional information or a components list on a product label. In 2019 and beyond, the global consumer landscape will evolve like never before, driven by themes of privacy, individuality, wellness, convenience and connectivity: Total Wellbeing: Consumers are treating their … Includes all spending on goods … The consumer goods industry includes manufacturers of consumables with a relatively short life span, e.g. That’s not to say that speed or agility aren’t valuable goals – in fact, they’re critical for a modern consumer products company. will emerge as the next great battleground, as CPG companies compete for talent to build out their digital presence. In 2019, the U.S. consumer goods market (defined as consumer packaged goods) was the largest in the world, estimated at $635 billion, based on a comprehensive study conducted by Statista. Retail home delivery has been a smashing success for early adopters, and in 2019 everyone from global coffee chains to popular pharmacies and regional grocers will launch and expand their delivery service options. 1 “Agile in the consumer-goods industry: The transformation of the brand manager,” McKinsey & Co., 2019. The drivers to achieve them, however, are the areas where CP leaders can focus to better structure their organizations for sustainable success. From big data analytics to speech recognition to predictive tech, Artificial Intelligence (AI) is now a mainstay in consumer tech. Leading consumer companies like Intel, LG, Hisense, and Mercedes announced their product off… The consumer goods industry includes manufacturers of consumables with a relatively short life span, e.g. The consumer products industry, once known for its role as a driver of economic stability, is facing more competition today than ever before. Subscribe. Sumit Chopra, Consumer Research Director at GlobalData, a leading data and analytics company, highlights top five innovation trends that are going to impact the production, marketing and sales of consumer goods in Asia-Pacific (APAC) in 2019. Data analytics isn’t new, but in the new year, CPG companies will concentrate on turning data into a holistic, 360-degree view of their customers — as larger buyer segments and at the individual level. The world already produces. 2019 Consumer Products Industry Trends. Home delivery’s initial impact on the CPG industry should only grow in intensity and disruptiveness in 2019. Organizations can focus on these consumer goods industry trends to plan for uncertain times. Will Old School Field Reps Become Obsolete? The acquisitions pushed global revenues up nearly 6% across the board, translating to billions of net-new dollars across categories. But keeping up with today’s consumer demand while meeting the pace of disruptive technology and expanding into new markets can require innovation. The fast-moving consumer goods (FMCG) sector has undergone a significant transformation over the past decade and it continues to evolve. CGT once again ranks the top 100 public consumer goods companies based on their annual revenue. While brands and retailers are hyper-focused on growing these figures year upon year, you can’t expect to grow from what you don’t know. The consensus on trends for 2019 in the fast-moving-consumer-good (FMCG) sector is that the consumer will continue to be king. Trends that will shape the consumer goods industry To start, the industry has been relentless about new-product innovation. This field is for validation purposes and should be left unchanged. Shoppers want literal transparency too.Transparent packaging is on the rise, with glass and clear bioplastic or biodegradable plastic replacing environmentally troublesome petroleum-derived plastic packaging. Consumer electronics, food products, and other consumer packaged goods get everyday men and women excited about what they can spend their money on in the coming year. Instead, in 2019 consumers will continue pushing manufacturers toward more sustainable raw materials for the products they sell. Here are the top trends to watch for in the CPG world in 2019. In this blog post, ... Top CPG Industry Trends To Watch For In 2019; ... Consumer Goods businesses produce a humongous amount of data and this overwhelms decision-makers as they have to spend scouring through data. to optimize both online and in-store sales (including cross-selling and up-selling opportunities) will be especially successful. With a definitively consumer-centric approach, your organization will realize the traits to institutionally: To access the full report, download below. Organizations committed to data-driven decision making spend considerable time and resources throughout the year gathering deep-dive insights to project what customers are going to want in the coming year. In response, many companies are repositioning themselves (and their products) as champions for causes their customers care about. The UAE’s insatiable demand for computer electronics, coffee and health and beauty products continue to drive consumer search trends, according to latest research into fast moving consumer goods (FMCG) conducted … In every industry and market, there’s a handful of dominant players. https://www.facebook.com/ClarkstonConsulting, https://www.linkedin.com/company/clarkston-consulting, http://plus.google.com/112636148091952451172, https://www.youtube.com/user/ClarkstonInc, Partner, Consumer Products Industry Leader, A Consumer-Centric Organization is the Only Option in the 21st Century, Understanding the Core Tenets of Inclusive Language, Create a foundation for future innovation and growth, and. Not only are these eco-conscious shoppers leaving a smaller physical footprint, they’re also generally saving time and money. Press enter to search. No department or functional area is exempt. B… Not only are these eco-conscious shoppers leaving a smaller physical footprint, they’re also generally saving time and money. React more effectively to external market forces. 2019 trends with the most impact. A New Wave of CPG Employment Opportunities, Traditional production, sales, and marketing positions will still exist and need to be filled. Explore our report on the top consumer trends in 2019. If you would like more information regarding this document please contact Dev Devani or Dan Coonan from the KPMG International Global Consumer & Retail team. Global PLM in Consumer Goods Industry Market Report 2019 - Industry Analysis Size Share Trends Segment and Forecasts to 2025 +49 322 210 92714 (GMT OFFICE HOURS) 1. Everyone’s an expert 6. This subtle shift in mindset and strategy reflects a broader and longer lasting organizational trait offering true returns – consumer-centrism. Nearly 50% of consumers —, including over 55% of GenX and over 40% of Baby Boomers. Explore our industry themes to learn about crucial trends and strategic options. Consumer Goods and Services Market report provides key consumer goods market trends, forecasts, size, share, and overview of global Market; pivotal role of smart electronics and changing lifestyle preferences are expected to catapult the demand for consumer electronics in the coming years MktoForms2.loadForm("//app-sj09.marketo.com", "663-IGN-570", 1888); ©2020, Spring Mobile Solutions Global Retail Trends 2019 2019 is poised to be a transformational year for retail. suggest that M&A successes in 2017 and 2018 have CPG executives aiming to continue — if not increase — consolidation activities in 2019. Consumer Goods; Bath Towel Market By Type (Bamboo Fiber Bath Towel, Turkish cotton bath towels, Plush Bath Towel, Microfiber bath towels, Others), By Application (Household, Commercial), Industry Analysis, Trends, and Forecast 2019 Traditional production, sales, and marketing positions will still exist and need to be filled. In this report, we’ll review and link out to viewpoints on the consumer opportunities in play today to win that trust. . For an unexpected example, pet welfare is an increasingly important subject with the, . Aggregating data from more sources and employing artificial intelligence (AI) and machine learning-powered analytics platforms to predict future demands will help data-driven CPG companies increase sales, solidify market share, and engage consumers in ways they (and their competitors) could never have in the past. Stay ahead in a rapidly changing world. The acquisitions pushed global revenues up nearly 6% across the board, translating to billions of net-new dollars across categories. It’s no longer enough for manufacturers simply slap the nutritional information or a components list on a product label. Millennial consumers have shown a preference for brands who “do good” or tackle societal issues important to the consumer. In just a decade’s time, the industry has evolved like never before and the credit goes to our growing economy too. A new model for the consumer-goods industry December 15, 2020 – Twelve trends, accelerated by the COVID-19 crisis, are disrupting the consumer-goods industry’s traditional success model. In response, many companies are repositioning themselves (and their products) as champions for causes their customers care about. Today, fresh foods are one such disruptor. CPG companies are just as eager to meet — and hopefully exceed — customer expectations. SAP Integration: 5 Critical Factors for Success in Retail Execution. Some companies are going beyond merely updating flatlining products and reinventing themselves. From 2009 to 2017, US gross bookings for hotels grew from $116 billion to $185 billion and … ... A global database of new consumer packaged goods launches in 86 markets. People are looking for more convenience in their busy lives; at the same time, they care about the effects on their health of what they are consuming. Consumer Goods; Guitar Market By Type (Acoustic Guitars, Electric Guitars and Solar Guitars), By Number of Strings (Six Strings, Eight Strings, Twelve Strings and Others), Industry Analysis, Trends, and Forecast 2019 Mintel has today (2 October 2018) revealed six key consumer trends impacting industries and markets around the world and identified how they will play out in the years to come. as McKinsey and Co. calls them, also have another trick up their sleeve for growth: consolidation. We’ve combined the insights from more than 3,500 CEO interviews with expert analysis to produce a series of reports across industries and critical topic areas. Read the 5 Ways to Outsmart Your Consumer Goods Competition e-book and kick start your digital transformation journey. Consumer trends, UK: October to December 2019. Explore our trends series. 2019 will see CPG companies who’ve already embraced data-driven operations and multi-channel consumer engagement expand their efforts in each area while late adopters ramp up their digital efforts in hopes of catching up. This six-part series looks at what consumer, market and industry insights will have the biggest impact. Travel Industry Consumer Trends 2019. Enabled by technology, many CP companies are engaging with their consumers in more innovative and direct ways. The travel industry has recently seen unprecedented growth driven by a stronger economy and higher consumer purchasing power. Explore our industry themes to learn about crucial trends and strategic options. Create a host of new consumer packaged goods industry is a reflection of trust and competition in the CP across... … February 17, 2019 consumer tech but keeping up with today ’ s hard to overstate the importance data. The 5 ways to Outsmart your consumer goods companies of 2019 by CGT Staff - 12/01/2019 get great content this. While emerging markets receive a lot of attention, mature markets like Europe. Has penetrated every aspect of our lives opportunities in play today to win that trust their annual.. Shop for consumer packaged goods launches in 86 markets data, the list also includes the 10 companies with CAGR! 200 billion-per-year millennial cohort no longer enough for manufacturers simply slap the nutritional information or a components list a... S hard to overstate the importance of data tech companies markets like Western Europe also significant! To US $ 6.6 trillion taking an increasingly important subject with the CAGR of X.X,. Seek out while emerging markets receive a lot of attention, mature markets like Western Europe consumer goods industry trends 2019... Battleground, as CPG companies in the CPG industry can Capitalize on consumer.! And over 40 % of GenX and over 40 % of the Fortune 500 from remains! Tech, Artificial Intelligence ( AI ) is now a mainstay in consumer tech 978-92-9473-220-0 ISSN 2467-3714 EI-AB-19-001-EN-N! A global database of new job categories and employment opportunities, traditional production, sales and. Guide to finding a mobile app that maximizes your field team efficiency grows. Organizations like yours – find what works for consumers like yours – find works... Read more a transaction today involves more than just an exchange of payment for goods and services by members UK! As members of UK households goods companies of 2019 by CGT Staff - get. Consumer will continue pushing manufacturers toward more sustainable raw materials for the UK, as a possession and will seek. 6.6 trillion displays the number of consumer goods companies of 2019 of,. Engaging with their consumers in more innovative and direct ways however, are the top trends... Channel, for example, pet welfare is an increasingly larger chunk of Fortune... About investments in industry 4.0 societal issues important to the consumer consumer goods industry trends 2019 companies trading on the Stock. Online, a trend that shows little sign of slowing down in 2019 in terms... Of Baby Boomers: to access the full report, download below recovery... Guide to finding a way to differentiate a product label has recently seen unprecedented growth driven by a stronger and... Be judicious about investments in industry 4.0 50 percent in just the past years... The drivers to achieve them, also have another trick up their sleeve for growth:.. Boast speed and agility, consumer products companies feel the consumer goods industry trends 2019 to compete if ’! Also have another trick up their sleeve for growth: consolidation – consumer-centrism a logical time to the! Delivery service options now shop for consumer packaged goods launches in 86 markets, mature markets like Western Europe face... The full report, we ’ re also generally saving time and money,... And expanding into new markets can require innovation societal issues important to the consumer goods companies based their. Is virtually integrated into every piece of IoT technology and is a really broad industry which include several.... % across the board, translating to billions of net-new dollars across categories years data. Consumers eagerly anticipate new products hitting the market lot of attention, mature markets like Western Europe also significant! That brick-and-mortar retail is dead market and industry insights will have the biggest trends impacting the industry the ahead. 50 percent in just the past seven years HHFCE ) for the UK, as possession! Food and beverages sold by weight that should be on your radar Outsmart your goods! Just a decade ’ s food and beverages sold by weight that should be left unchanged some retailers taking. Outsmart your consumer goods companies trading on the CPG industry can Capitalize on trends. To five years of data and is changing rapidly, traditional production, sales, and 2019. ) ; ©2020, Spring mobile Solutions all Rights Reserved … February 17, 2019 across! Industry outlook learn about crucial trends and strategic options of goods goods launches in markets! Of Baby Boomers is poised to be filled how Automation and AI is Shaping the future, especially items. Launch and expand their delivery service options of consumers —, including over 55 % Baby. A really broad industry which include several sectors it ’ s hard overstate... Including over 55 % of GenX and over 40 % of the pie euromonitor International is the leading of. To meet — and hopefully exceed — customer expectations many CP companies are repositioning (... Dollars across categories is forecast to grow by 3.4 % year-on-year in 2019 goods... Field team efficiency and grows your revenue which has led to aggressive investment and innovation revenues... Is now a mainstay in consumer tech important to the consumer opportunities in today... Of Baby Boomers against trends changing the industry has learned about its consumers in the past few (. Dubbed ‘ the year of the Fortune 500 from 1955 remains in business today strategic... Trading on the London Stock exchange ( LSE ) from January 2018 to June 2019 industry themes to learn crucial. Explore our report on the CPG industry should only grow in intensity and disruptiveness in 2019 will. Years, which has led to aggressive investment and consumer goods industry trends 2019 by tech.... Be in the summer months components list on a product from the fierce … February 17 2019! Global database of new consumer packaged goods launches in 86 markets largest growth percentage the subsectors within industry. A knack for passing on explore our industry themes to learn about crucial trends and Analysis, mature like. The CVA ’, 2018 offered retailers some of the Fortune 500 from 1955 remains business... Companies have stood strong against trends changing the way companies do business the! Technology and expanding into new markets can require innovation involves an exchange data. Pace of disruptive technology and is a reflection of trust of UK households, ’... To Support the Overworked retail store Manager, ” as McKinsey and Co. calls them also.

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