Consumer Packaged Goods (CPG) Industry Overview: 2024 & 2025
Feb 15, 2024 · Common CPG product categories include food, drinks, cleaning supplies, and makeup. CPG Industry: Fast Facts. The global CPG industry is predicted to add $3.18 trillion in value in 2024. In the United States, that amounts to $821 billion of value added. The industry value is projected to reach $18.94 trillion by 2031, a CAGR of 5.1% from 2022 to ...
9 Important CPG Industry Trends (2024 & 2025) - Exploding Topics
Dec 3, 2024 · 6. CPG Brands Go All-In With Multi-Channel Marketing. Consumer packaged goods companies are also taking a more omnichannel approach to their marketing. TV ads, product placements, and PR are still massively popular. (In fact, as of 2019, CPG was still the top-spending industry on up-front TV advertising.)
20 Emerging CPG Brands to Watch in 2024 - Exploding Topics
Jun 30, 2024 · The CPG (Consumer Packaged Goods) market is now worth $2.29 trillion in 2024. This figure is expected to grow to $3.17 trillion in 2032 with a forecasted CAGR of 4.1%. And small CPG companies reported higher revenue growth compared to large manufacturers. Check our list of growing CPG startups disrupting the industry.
7 Top Pet Industry Trends (2024 & 2025) - Exploding Topics
May 27, 2024 · Pet insurance is one of the most interesting pet industry trends in 2024. Searches for "pet insurance" are growing slowly but steadily at 100% over the last 10 years. Globally, the pet insurance industry reached $9.4 billion in 2022 and is expected to grow at a compound annual growth rate of 17.04% through 2030.
Average Customer Retention By Industry (2024) - Exploding Topics
Dec 5, 2023 · Source: Business Wire, SimilarWeb, Liftoff Automotive & Transportation Customer Retention. According to 2018 data, the automotive and transportation industries have an average customer retention of 83% - among the highest recorded industry retention rates.
9 Top DTC Trends (2024 & 2025) - Exploding Topics
Nov 26, 2024 · 9 Important CPG Industry Trends; 10 Key Supplement Trends; E-commerce sales are set to reach $8 trillion by the end of 2027. And we're seeing a slew of physical retailers (like Best Buy and Target) rapidly transition towards a DTC model.
9 Key Food and Beverage Industry Trends (2024-2027) - Exploding …
Mar 11, 2024 · But one that’s too niche for the industry giants like Procter and Gamble to tackle. And for established CPG brands, acquiring DTC brands is now a large engine of growth. 2. More robot kitchen assistants. Like the world of manufacturing, the food service space is starting to go all-in with robotics. For example, Miso Robotics.
6 Top Beauty Industry Trends (2024 & 2025) - Exploding Topics
Dec 20, 2024 · Top CPG Industry Trends; Key Consumer Behavior Trends; The beauty industry is expected to top $101 billion by 2027. As the concept of beauty continues to evolve, the industry has been quick to react to the demands of consumers. Personal care companies are using technology and science in innovative ways, all with the hope of winning new customers.
Free 2024 Industry Trend Reports & Analysis - Exploding Topics
Jul 10, 2024 · CPG Industry Trend Report. The CPG industry is one of the fastest-changing spaces out there. Challenger brands: Thanks largely to faster R&D options and new ways of meeting market demand (like TikTok), smaller CPG brands are seeing huge traction in markets like supplements and beauty. Increased DTC focus: More and more consumers are buying ...
20 Pet Companies & Startups with a Promising Future (2024)
Jul 25, 2024 · 7 Pet Industry Trends to Know; Top 10 Ecommerce Trends; 9 Important CPG Industry Trends; Pets aren’t just pets anymore—and the numbers back this up. The pet food market in the U.S. is expected to reach $58.42 billion in revenue in 2024. And experts expect the space to grow at an even faster rate than packaged food for humans over the next ...