The consumer goods business sector plays a pivotal role in the global economy by meeting everyday needs through products such as food, beverages, clothing, electronics, and household items. This dynamic sector is driven by evolving consumer preferences, innovation, and digitalization, making it one of the most resilient and rapidly evolving industries. In 2024, the global consumer goods market was valued at approximately $14 trillion, accounting for nearly 15% of the global GDP, with a workforce of over 300 million people worldwide.
The sector is expected to grow at a CAGR of 5.2%, reaching an estimated $18 trillion by 2030, propelled by increasing consumer spending, e-commerce expansion, and demand for sustainable and personalized products. Key players include the United States, home to multinational giants like Procter & Gamble and Coca-Cola; China, with its vast manufacturing base; and Germany, renowned for high-quality goods. The sector remains essential in driving global economic stability and growth.
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