Consumer goods market size | Forecast to 2025

Q: What is the consumer goods market size and growth rate?

The market was valued at USD 12.5 trillion in 2024 and is projected to grow at a CAGR of 4.8%, reaching USD 18.5 trillion by 2031.

Q: Which region contributes most to growth?

Asia-Pacific is the largest and fastest-growing region due to urbanization and income growth.

Q: What segments dominate the market?

FMCG and CPG segments such as food, beverages, personal care, and household products lead in market share.

Q: What challenges does the industry face?

Key challenges include commodity price volatility, stricter environmental regulations, changing consumer preferences, and competition from private labels.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4397

Publication Date: Jun 2025

What is the Consumer Goods Market Size?

According to 6Wresearch internal database and industry insights, the Global consumer goods market was valued at approximatelyUSD 12.5â€¯trillion in 2024 and is projected to grow toUSD 18.5â€¯trillion by 2031, reflecting a CAGR of 4.8%.

Personal care and food & beverage remain major segments, while FMCG revenues are also expected to increase significantly. Growth is fueled by rising disposable incomes, urbanization, and digital transformation.

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Key Growth Drivers in the Consumer Goods Market

Rapid urbanization and increasing disposable income in emerging economies.
Surge in e-commerce and direct to consumer platforms reshaping distribution.
Consumer preference for organic, sustainable, and clean label products.
Expansion in health, wellness, and personal care segments.
Adoption of AI, analytics, and smart packaging to improve personalization and supply chains.

Consumer Goods Market Trends

The consumer goods sector is shifting toward digital-first strategies, with heavy investment in e-commerce, AI-powered personalization, and subscription-based models. Plant-based and fortified food, functional food, and even beverage products that are of health and wellness nature are catching up, particularly in personal care, beverages, and nutrition. To increase loyalty, brands are becoming much more concerned with omnichannel interactions and instant customer feedback to understand their needs much better. The focus on sustainability continues to drive customers: packaging that is recyclable and compostable, and the use of so-called biodegradable materials become mainstream, as well as ethical sourcing projects. Asia-Pacific and Latin America are contributing maximum growth with consumption by the expansion of the middle class and urbanization. Additionally, brands are upgrading logistics and last-mile delivery systems using IoT and predictive analytics for faster, more traceable, and cost-efficient distribution.