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In the last 10 years, the revenue in FMCG industry in India has been growing at the rate of 21.4%. [2] There was a drastic change in revenues in FMCG sector growing from US$31.6 billion to US$52.8 from 2011 to 2017-2018 respectively. [3]
As of 2003, India's retailing industry was essentially owner staffed small shops. In 2010, larger format convenience stores and supermarkets accounted for about 4 percent of the industry, and these were present only in large urban centers. India's retail and logistics industry employs about 40 million Indians (3.3% of Indian population). [7]
Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG) [1] or convenience goods, are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods , beverages , toiletries , candies , cosmetics , over-the-counter drugs , dry goods , and other consumables .
In terms of market capitalization, ITC is the second-largest FMCG company in India and the third-largest tobacco company in the world. [12] [13] [14] It employs 36,500 people at more than 60 locations across India. [15] Its products are available in 6 million retail outlets in India and exported to 90 countries. [16] [5]
Below is a list of the largest consumer markets of the world, according to data from the World Bank.The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending in nominal terms.
The company now operates in the food and beverages industry, with ~56% of their revenue coming from India while the rest is from their international businesses. After the merger, the company controls Indian and international brands like Tata Salt, Tata Tea, Tetley, Eight O'Clock Coffee, Good Earth Tea, Tata Sampann and Tata Starbucks. [6]
Between 2019 and 2020, the company entered the personal care market under the brand Alife. During the same period, AWL also ventured into the ready-to-cook (RTC) products market. [8] As of 2021, the company held an 18.3% market share in the branded edible oil market in India. [12] [13] It is India's largest processor of palm oil. [14] [15] [16]
Future Group was an Indian conglomerate, founded by Kishore Biyani [1] and based in Mumbai.The company is known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors.