Scope of good startups in the FMCG market
Firstly,Fast-moving consumer goods or commodities are FMCG, also called consumer packaged goods.
Secondly, it refers to the products that are in demand, sales take place quickly, and affordable.
Classification:-
Further, we can see the classification of the FMCG industry:-
- Food & Beverage Products- Health beverages, cereals, bakery products, snacks, chocolates, ice cream, tea, processed fruits and vegetables, dairy products, etc.
- Personal Care Products- Oral care, hair care, skin care, cosmetics/deodorants, perfumes, personal hygiene products, etc.
- Household Consumables- Fabric wash, household cleaners, detergents, etc.
- Tobacco products
Global overview:-
Firstly, According to a report, the FMCG business is in a position to grow by $309.5 billion by 2026.
History of the FMCG market
Firstly, Prakash Tandon laid the foundation of this company’s culture in 1961. Ashok Ganguly and SM Das also contributed to it.
Secondly, a new era of branded fast-moving consumer goods marketing began (FMCG). Also as they say, the rest is history.
Startups based on the FMCG
Further,these up-and-coming businesses have the potential to change the FMCG market.
Listed below are some of the promising startups:-
- salesBeat- UK- based startup created the Sales intelligence software to beat the forecast demand for FMCG goods.
- Shoplinks- A Singapore-based firm called Shoplinks offers an AI-based platform for shared business planning between FMCG brands and retailers.
- Attico.io- An open-source CMS from the Belarusian company Attico.io allows FMCG companies to efficiently manage numerous websites.
- Amplepac- Amplepac is a young Indian company that develops and produces FMCG packaging containers made of sustainable metal by taking advantage of its blockchain-based system
- NOICE- An American startup produced the zero-waste toothpaste, NOICE using natural components including charcoal, essential oils, and other active substances.
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