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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]
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.
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]
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 .
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]
MTR Foods is an Indian food products company based in Bengaluru, India. The company manufactures a range of packaged foods including breakfast mixes, ready to eat meals, masalas and spices, snacks and beverages. MTR Foods Pvt. Ltd. is a subsidiary of Norwegian conglomerate Orkla. MTR is the acronym of Mavalli Tiffin Room.
Indian Oil provides products and services all along the energy value chain, and is India's largest commercial entity. The firm has been on the Global 500 as long as the list has been recorded. 160 Oil and Natural Gas Corporation: $61,420 43,743 State-owned crude oil and gas company, currently the largest in India. 236 State Bank of India ...