CONNECT TO INDIA's FMCG INDUSTRY.
A digital platform connecting Manufacturer, Suppliers, Distributors, Super Stockits, Brand Owners, Contract Manufacturers from FMCG Sector.
With COVID-19 most aspects of life have been shifted online and it was just a matter of time before sector-specific trade fairs also opted for this medium. Among the sought-after online events in the New Year is FMCG Allied Expo 2021, an International Online Virtual Expo (Signature Edition) that brings Manufacturers, Distributors and Suppliers from across the globe together on a dedicated platform. FMCG Allied Expo 2021 - Connect to India's FMCG Industry. A digital platform connecting manufacturers, suppliers, stockist, brand owners from FMCG Sector. Show Focused on Food & Beverages, Personal Care Products, Organic Products, E-Commerce Solutions, Logistics & Warehousing
Increasing disposable incomes paired with people’s distinct preference for brands have made the Fast-Moving Consumer Goods (FMCG) sector India’s fourth largest. Household and personal care account for 50% of FMCG sales in the country, as per the latest sector updates by the India Brand Equity Foundation (IBEF). Rising awareness levels, easier access and changing lifestyles have been the key growth drivers. The urban segment accounts for a revenue share of around 55%. The semi-urban and rural segments have been growing at a rapid pace and FMCG products account for 50% of the total rural spending.
The Government has allowed 100% Foreign Direct Investment (FDI) in food processing and single-brand retail and 51% in multi-brand retail. This would bolster employment, supply chain and high visibility for FMCG brands across organised retail markets thereby bolstering consumer spending and encouraging more product launches. The sector witnessed healthy FDI inflow of US$ 16.28 billion during April 2000–March 2020.
Goods and Services Tax (GST) has proved beneficial for the FMCG industry as many of the products like soap, toothpaste and hair oil now come under the 18% tax bracket against the previous rate of 23–24%. Also, GST on food products and hygiene products has been reduced to 0–5% and 12–18% respectively.
Rural consumption has increased, led by a combination of increasing income and higher aspiration levels. There is an increased demand for branded products in rural India. The rural FMCG market in India is expected to grow to US$ 220 billion by 2025 from US$ 23.6 billion in FY18. With the share of unorganised market in the FMCG sector falling, the organised sector growth is expected to rise with increased level of brand consciousness, augmented by the growth in modern retail.
Young consumers who form majority of the workforce, and due to time constraints, barely get time for cooking, are propelling the demand for food services in India, primarily in urban regions. Technology will also provide a stimulus. It is estimated that 40% of all FMCG consumption in India will be made online by 2020. The online FMCG market is forecast to reach US$ 45 billion in 2020 from US$ 20 billion in 2017.
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