Consumer Market Growth In India > India is set to become the world's third largest consumer market by 2026, surpassing Germany and Japan and behind the US and China > Affluent individuals with annual income exceeding $10,000 to be around 88million by 2028 > Household spending per capita in India is projected to outstrip other Asian economies like Indonesia, Philippines and Thailand and the gap will almost triple > The share of expense on food has declined in the household expenditure indicating that Indian households are spending more on discretionary items such as clothing, footwear, transport, entertainment etc > The consumer market growth phenomenon will be multifaceted offering opportunities for new, smaller brands while the big players will require to become more nimble and adaptable. source: the economic times Are you ready to capitalize on this big growth opportunity with agile planning capability? Do you have technology and trained resources to make your operations nimble and adaptable to be able to compete? Connect with Anamind to build business planning capability in #finance and #supplychain functions #business #PredictiveAnalysis Rishi Trivedi Sheetal Yadav Prabir Mukherjee Deepa Seshan Meghanath Reddy Gaurav Mohanty Parikshit Br Vivian Viegas Shwetha Sharath Riya Srivastava Mannatil Geetha Saj Abraham Warambo Jane Rutger Nouwen Praveen Kumar Ather Energy Crown Paints Kenya Plc Stovekraft Limited Bajaj Consumer Care Infra.Market Esme Consumer Samsonite APAC & Middle East Samsonite NIVEA INDIA 3M Uno Minda Levi Strauss & Co.
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Let's talk about FMCG sector in India 1. Fast-moving consumer goods (FMCG) sector is India’s fourth-largest sector and has been expanding at a healthy rate over the years because of rising youth population, and rising brand awareness among consumers. FMCG sector in India expanded due to consumer driven growth. 2.FMCG sector provides employment to around 30 lakhs people that's approxaroundaround 5% of the total factory employment in India. 3.FMCG sales grew by 7-9% in 2022-2023. Favourable Government initiatives & Policies, a growing rural market and youth population, new branded products, growth of e-commerce platforms becomes key growth drivers for this sector. 4.FMCG sector grew by 7.5% in volumes in the April-June 2023 quarter, the highest in the last eight quarters, led by a revival in rural India and higher growth in modern trade. 5.Resilience needs to be the key factor in manufacturing process, daily operations, retail & logicticlogistic channels, consumer insight and communication insight that will help FMCG companies to withstand the test of time and create more value for consumers in the long run.
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"𝗕𝗘𝗫𝗜𝗠𝗖𝗢 𝗦𝗵𝗶𝗳𝘁: 𝗕𝗮𝗻𝗴𝗹𝗮𝗱𝗲𝘀𝗵𝗶 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗣𝗹𝗮𝗻𝘀 𝘁𝗼 𝗦𝗲𝗹𝗹/𝗟𝗲𝗮𝘀𝗲 𝗞𝗲𝘆 𝗧𝗲𝘅𝘁𝗶𝗹𝗲 𝗨𝗻𝗶𝘁𝘀 - 𝗪𝗵𝗮𝘁 𝗜𝘁 𝗠𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻𝘀" 𝗕𝗘𝗫𝗜𝗠𝗖𝗢'𝘀 𝗦𝗵𝗶𝗳𝘁: 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗧𝘂𝗿𝗻𝗶𝗻𝗴 𝗧𝗵𝗲𝗶𝗿 𝗙𝗼𝗰𝘂𝘀 𝗛𝗼𝗺𝗲𝘄𝗮𝗿𝗱! The Bangladeshi government’s recent announcement to sell or lease key textile units from BEXIMCO marks a major turning point for the global textile supply chain. This decision opens a unique window of opportunity for Indian textile companies to ramp up their investments in India, rather than relying on Bangladesh. Here’s why this matters for Indian businesses: ✅ Greater Investment Opportunities at Home: With BEXIMCO's assets entering transition, Indian companies are likely to capitalize by investing in local manufacturing facilities, leveraging government incentives like PLI (Production Linked Incentive) schemes. ✅ Strategic Supply Chain Diversification: This development allows Indian firms to strengthen their supply chain independence, focusing on their domestic market strengths and reducing risks associated with external dependencies. ✅ Sustainability & Innovation Alignment: India is pushing forward with sustainable production goals. This shift allows companies to align with global markets’ focus on sustainability while meeting operational demands closer to home. 🔗 The takeaway? Indian textile players now have the chance to grow by scaling operations domestically, fostering innovation, leveraging cost-effective production models, and securing long-term strategic growth. 💬 What are your thoughts on this trend? Will Indian firms double down on homegrown opportunities, or should they explore joint partnerships abroad? Let’s discuss! 👇 hashtag #IndianTextiles hashtag #BEXIMCO hashtag #SupplyChainTrends hashtag #PLI hashtag #HomegrownOpportunities hashtag #Sustainability hashtag #TextileIndustry
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The Booming Consumer Goods Market in India The Indian consumer goods market is poised for remarkable growth, projected to reach $1.5 trillion by 2030, up from $800 billion in 2023. With a robust CAGR of 10%, the sector is driven by rising incomes, urbanization, and evolving consumer preferences. India's FMCG sector remains a key driver, contributing 55% to the consumer goods market. Categories like personal care, packaged foods, and home care are witnessing exponential growth, especially in Tier 2 and Tier 3 cities. Digital adoption has also surged, with e-commerce accounting for 20% of FMCG sales in 2023. Sustainability is another pivotal trend shaping the market. Brands investing in eco-friendly packaging and sustainable sourcing are resonating with the conscious Indian consumer. With a young, tech-savvy population and increasing disposable income, India’s consumer goods market is setting the stage for global benchmarks. #ConsumerGoods #FMCGIndia #MarketGrowth #HardmanMarketInsights
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India boasts an abundance of raw materials, skilled resources, and all the essential factors of production needed to thrive in the apparel manufacturing sector. Yet, our factories are operating at only 40-45% efficiency compared to our counterparts. 🤔 With a robust domestic market and growing international demand, the opportunities in this sector are immense. From job creation and economic growth to positioning India as a global leader in apparel manufacturing, the potential is limitless. This prompts an intriguing question: What is the missing piece of the puzzle that will help us reclaim our competitive edge and elevate our industry to its full potential? We have the foundation for greatness. Now, we invite industry leaders, CEOs, consultants, and experts to join the conversation and explore: 🔍 What are the core obstacles preventing the implementation of efficiency-enhancing processes like time studies and motion studies? 🔍 How can we harness our inherent strengths and bring about a paradigm shift in management practices within Indian businesses? 🔍 What innovative solutions and best practices can we adopt to transform our industry and achieve unparalleled success? Your insights and experiences are crucial as we work together to unlock the true potential of India's apparel manufacturing sector. Let’s come together to turn this challenge into an opportunity for growth, innovation, and renewed excellence. Let me know your thoughts. Together, we can redefine the future of India’s apparel manufacturing industry! 🌟 ogtc apparel, Pallab Banerjee, Deepak Mohindra, Dr. Rajesh Bheda, Prabir Jana, Deepak Panghal, Chairman AEPC, JD. Giri, Groyyo, PEARL GLOBAL INDUSTRIES LTD (PGIL) , Sourabh Bharti, #ApparelManufacturing #Efficiency #India #IndustryLeadership #Innovation #Collaboration 4o
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📉 "Legion of the Regions Halts FMCG March" 🚩 The FMCG sector, often regarded as a pillar of consistent growth, is facing unique challenges due to the rise of regional players. Local brands, with their deep understanding of regional preferences, competitive pricing, and agility, are disrupting the dominance of larger, established players. This shift isn't just about competition—it's a wake-up call for big FMCG companies to rethink their strategies. Localization, innovative product lines, and community engagement are no longer optional; they’re essential to stay relevant in diverse markets. 🌍 What can big players learn from regional brands? 1️⃣ Embrace local tastes and preferences. 2️⃣ Build stronger connections with grassroots distributors and retailers. 3️⃣ Leverage technology to analyze and adapt to regional demands. This changing landscape isn't just a challenge; it's an opportunity to innovate and grow sustainably. The future of FMCG lies in how well companies balance global scale with regional relevance. 💡 Your thoughts? How can larger FMCG players bridge the gap and thrive in this evolving market? 👉 Read the full article on Economic Times for detailed insights: Legion of the Regions Halts FMCG March ITC Limited FMCG Balaji Wafers Dabur India Limited Marico Limited Adani Group Tata Consumer Products Pune Institute of Business Management #FMCG #RegionalPlayers #Innovation #BusinessStrategy #Growth
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Why Do Food and Apparel Brands Struggle to Thrive in India? India stands as one of the largest consumption markets globally, yet many brands in the food and apparel sectors struggle to thrive. What are the key areas where we often miss the mark? Neglecting Feedback: Prioritizing customer insights is essential for continuous improvement and innovation. Retention Over Acquisition: Focusing on retaining existing customers can be more impactful than chasing new ones. High Burn Rate: Sustainable growth requires effective management of expenses for long-term success. Resource Wastage: Efficient utilization of materials is crucial to minimize waste and maximize value. I’d love to hear your thoughts on these challenges
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🚀 India’s Consumer Durables Sector: A Market Poised for Growth 📈 India’s consumer durables market is on a rapid expansion path, expected to nearly double by 2025, driven by rising incomes, urbanization, and strong government support through initiatives like the PLI scheme and "Make in India." 📊 Key sectors like smartphones, air conditioners, and washing machines are seeing significant growth, with companies like Godrej, Samsung, and Haier investing heavily in manufacturing and innovation. The shift toward energy-efficient, smart appliances and the rise of the rental economy further fuel this momentum. Despite global challenges, India remains one of the fastest-growing major economies. The sector’s strong fundamentals make it an attractive opportunity for investors looking to capitalize on the future of consumer durables. 💡📊 Stay tuned for our next industry analysis! 🔍📢 #IndiaGrowth #ConsumerDurables #MakeInIndia #Investment #EconomicGrowth #IndustryAnalysis
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Download this super interesting report on one of the most booming countries in the global landscape! and if you need people for your business there... we are here for you! #morethanwork
The Great Indian Consumption Story- Download Now! The Indian Retail landscape has undergone a profound transformation in recent years, marked by a sharp rise in consumer activity across traditional and digital channels. This shift was catalyzed by a combination of factors, including the rapid adoption of #digital #technologies, changes in consumer behavior driven by the pandemic owing to rising E-commerce consumption under the circumstances, and strategic initiatives within the Retail and E-commerce sectors. It is in this context that Gi Group Holding India released a detailed research report "The Great Indian Consumption Story". Click on the link to download the report now- https://lnkd.in/e6EBkV4F To know more about our solutions and services visit our website- www.gigroupholding.co.in #changelives #retail #research #staffing #recruitment #hiring #ecommerce #logistics
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The Great Indian Consumption Story- Download Now! The Indian Retail landscape has undergone a profound transformation in recent years, marked by a sharp rise in consumer activity across traditional and digital channels. This shift was catalyzed by a combination of factors, including the rapid adoption of #digital #technologies, changes in consumer behavior driven by the pandemic owing to rising E-commerce consumption under the circumstances, and strategic initiatives within the Retail and E-commerce sectors. It is in this context that Gi Group Holding India released a detailed research report "The Great Indian Consumption Story". Click on the link to download the report now- https://lnkd.in/e6EBkV4F To know more about our solutions and services visit our website- www.gigroupholding.co.in #changelives #retail #research #staffing #recruitment #hiring #ecommerce #logistics
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Key Changes Shaping India's FMCG Sector India's FMCG sector is undergoing significant transformation, driven by evolving consumer behavior, rapid digitalization, and a heightened focus on sustainability. Here are some of the key changes: 1. Health and Wellness Focus: Consumers are increasingly prioritizing health, choosing organic, natural, and eco-friendly products across food and personal care. This has led to a surge in demand for clean-label and wellness-oriented offerings. 2. Digital and E-commerce Growth: With the rise of e-commerce, FMCG brands are leveraging digital channels to reach a wider audience, especially in Tier 2 and Tier 3 cities. Direct-to-consumer (D2C) models and personalized marketing have become essential for brands to stay competitive. 3. Sustainability Initiatives: As environmental consciousness grows, FMCG companies are focusing on reducing plastic waste, using recyclable materials, and aligning their packaging with sustainability goals. This shift is being driven by both consumer demand and regulatory changes. 4. Localization and Customization: Recognizing India's cultural diversity, FMCG brands are tailoring products to regional tastes and preferences. Localization strategies, including vernacular marketing, are helping brands connect with a broader audience. The future of India's FMCG sector looks promising, with innovation, sustainability, and digital transformation at its core. Companies that embrace these trends are set to thrive in this dynamic market. #FMCG #India #Sustainability #DigitalTransformation #ConsumerTrends #Ecommerce #Localization
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