Exploring 10 Key Cpg Industry Trends And Prediction Despite this competition, the cpg market has been experiencing significant growth in recent years. in 2022, the cpg market was valued at us$ 2060 bn in 2021, and it is projected to reach us$ 2808 bn by 2030, growing by a cagr of 3.5%. now, the growth of global cpg brands is broken into different segments. categories. 7. elevate growth from retail media networks. in 2024, the value of data has soared, especially in the consumer packaged goods (cpg) industry, thanks to a groundbreaking innovation known as ‘retail media.’. this new advertising frontier transforms retail platforms, stores, and various delivery channels into vibrant business to consumer (b2c.
The Future Of Cpg Top Trends Shaping The Industry In 2023 And in this post, we'll outline 9 of the most important trends impacting the cpg industry right now. including several trends (like product personalization, direct to consumer upstarts, private label brands, and sustainability) that are likely to continue growing into 2026 and beyond. 1. industry stalwarts rush into dtc. Over the past ten years, however, top line growth has faded away. while consumer packaged goods (cpgs) have searched for it, they have ended up scrambling to generate the earnings growth they need through cost reduction. but investors love a growth story. industry shareholder returns have dropped from the top to the bottom quartile. Cpg trend 1: shift to profitable volume. in the recent years, the way cpgs chose to deal with inflations and increasing input costs was by accelerating product prices. in 2023, the prices of goods soared to a new high, yet consumers continued to buy, resulting in healthy yoy growth for the sector. but cracks in the foundation are beginning to show. 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.
Exploring 10 Key Cpg Industry Trends And Prediction Cpg trend 1: shift to profitable volume. in the recent years, the way cpgs chose to deal with inflations and increasing input costs was by accelerating product prices. in 2023, the prices of goods soared to a new high, yet consumers continued to buy, resulting in healthy yoy growth for the sector. but cracks in the foundation are beginning to show. 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. Cpg outlook and trends in 2024. as we enter 2024, the cpg sector is expected to see transformative shifts. changing consumer preferences, market dynamics, and technological advancements will shape this sector. dtc trends (direct to consumer), personalized experiences, health based products, and sustainability are some of the key trends to watch. Key stats to be aware of: market growth: the cpg industry is expected to grow at a cagr of 4.5% from 2023 to 2028, fueled primarily by product innovation and digital transformation. e commerce penetration: online sales now account for 25% of total cpg sales, up from 20% in 2022, highlighting the increasing importance of digital sales channels.
Exploring 10 Key Cpg Industry Trends And Prediction Cpg outlook and trends in 2024. as we enter 2024, the cpg sector is expected to see transformative shifts. changing consumer preferences, market dynamics, and technological advancements will shape this sector. dtc trends (direct to consumer), personalized experiences, health based products, and sustainability are some of the key trends to watch. Key stats to be aware of: market growth: the cpg industry is expected to grow at a cagr of 4.5% from 2023 to 2028, fueled primarily by product innovation and digital transformation. e commerce penetration: online sales now account for 25% of total cpg sales, up from 20% in 2022, highlighting the increasing importance of digital sales channels.
Exploring 10 Key Cpg Industry Trends And Prediction
Comments are closed.