Consumer Packaged Goods (CPG) Market to Reach USD 2.59 Trillion by 2031 | Driven by Health, Sustainability & E-commerce Growth - Valuates Reports

What is the market size of Consumer packaged goods (CPG) ?

BANGALORE, India, Aug. 26, 2025 /PRNewswire/ -- In 2024, the global market size of Consumer Packaged Goods (CPG) was estimated to be worth USD 2115660 Million and is forecast to reach approximately USD 2594420 Million by 2031 with a CAGR of 3.0% during the forecast period 2025-2031.

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What are the key factors driving the growth of the Consumer packaged goods market?

The consumer packaged goods (CPG) market remains a vital and resilient sector due to the essential nature of its offerings.

Shifts in lifestyle, values, and technology are reshaping consumer demand.

Companies are adapting through:

• Agile product development
• Targeted marketing strategies
• Optimized supply chain management

Growth is fueled by the interplay between:

• Health and wellness trends
• Sustainability initiatives
• Convenience-driven products
• Digital connectivity and e-commerce expansion

The competitive landscape is dynamic, influenced by:

• Emerging brands
• Growth of private labels
• Evolving retail formats

Strategic investments focus on:

• Personalization of products and experiences
• Omnichannel engagement with consumers
• Value-driven propositions to strengthen loyalty

As consumer needs and expectations evolve, the CPG market is positioned for steady momentum, innovation, and expansion opportunities.

Source from Valuates Reports: https://reports.valuates.com/market-reports/QYRE-Auto-1Z9333/global-consumer-packaged-goods-cpg?utm_source=prnewswire&utm_medium=referral 

TRENDS INFLUENCING THE GROWTH OF THE CONSUMER PACKAGED GOODS MARKET:

The food and beverage segment plays a central role in shaping the momentum of the consumer packaged goods market by addressing the evolving consumption habits of modern lifestyles. Consumers are increasingly drawn to convenient, ready-to-eat meals and functional snacks that match their fast-paced routines. This shift has encouraged manufacturers to diversify offerings with healthier ingredients, cleaner labels, and unique flavors. Rising interest in on-the-go consumption has elevated the demand for single-serve packaging and meal replacements. Innovations in formulation, packaging design, and shelf life extension have further amplified growth in this segment. Moreover, the continued fusion of indulgence and nutrition in food and beverage items enables companies to penetrate various customer segments, thereby reinforcing demand across diverse demographic profiles.

Household supplies remain a consistent and essential part of daily living, significantly reinforcing the consumer packaged goods market. The demand for products such as cleaning agents, surface disinfectants, paper products, and laundry care items has intensified as consumers maintain higher hygiene standards. Continuous innovations in formulations, including eco-friendly and allergen-free ingredients, are helping brands to differentiate themselves and attract health-conscious buyers. Convenience-enhanced packaging like easy-pour bottles, pre-measured pods, and multi-surface wipes further contribute to the segment's performance. Additionally, seasonal variants and multipurpose solutions cater to consumers seeking both functionality and value. With growing awareness of household cleanliness and indoor safety, this segment exhibits steady demand and strong brand loyalty, ensuring long-term revenue reliability for manufacturers and retailers alike.

Online sales serve as a transformative channel for consumer packaged goods by offering unparalleled convenience, expanded product availability, and personalized shopping experiences. E-commerce platforms allow brands to engage directly with consumers, reducing intermediary costs and accelerating response to demand shifts. Subscription services and auto-replenishment features enhance repeat purchases, while targeted digital promotions increase product discovery and cross-category sales. The proliferation of smartphones and digital wallets simplifies the transaction process, encouraging higher frequency of purchase and customer retention. Online reviews, influencer campaigns, and real-time feedback loops drive brand credibility and product innovation. Moreover, data-rich insights from online sales channels enable companies to fine-tune their strategies, optimize inventory, and introduce niche products that resonate with specific consumer segments.

Modern consumption patterns have evolved drastically, favoring convenience, portability, and instant gratification. Consumers increasingly prefer packaged goods that reduce preparation time and accommodate on-the-go lifestyles. This behavioral shift is not limited to food but spans personal care, household items, and wellness categories. Busy professionals, students, and single-person households actively seek single-portion packs, ready-to-use products, and minimal-preparation solutions. The trend encourages companies to innovate in packaging, shelf stability, and portion control. Moreover, this evolution fosters higher purchase frequency and broadens the market for impulse buys. By aligning product development with shifting consumer routines, manufacturers tap into untapped micro-moments, reinforcing brand relevance and securing long-term demand across dynamic and diversified consumer bases.

The increasing prioritization of health and wellness has significantly influenced product innovation within the consumer packaged goods landscape. Consumers now seek items that support physical vitality, emotional balance, and mental well-being. This includes foods fortified with nutrients, natural and organic personal care, and eco-friendly household products free from harsh chemicals. Transparency in ingredients and ethical sourcing are highly valued, prompting brands to reformulate offerings to meet cleaner, greener expectations. Supplement-infused snacks, probiotics, and skin-friendly formulations have moved from niche to mainstream, expanding market appeal. Furthermore, health-driven choices extend to packaging preferences, favoring sustainable materials. As health consciousness becomes embedded in lifestyle decisions, companies that address these expectations are rewarded with increased loyalty and category leadership.

Environmental and ethical considerations have emerged as key factors influencing consumer decision-making in the consumer packaged goods market. Shoppers now expect brands to demonstrate responsibility through reduced plastic use, recyclable packaging, and carbon-conscious logistics. Companies are responding with biodegradable materials, refill systems, and transparent sustainability commitments. These changes not only fulfill regulatory requirements but also strengthen brand equity among conscious consumers. Products aligned with ethical sourcing, cruelty-free testing, and fair labor practices further resonate with modern values. Beyond packaging, sustainable production methods and waste reduction initiatives drive operational efficiencies and environmental goodwill. This paradigm shift is reshaping brand strategy, as sustainability moves from an optional differentiator to a baseline requirement for credibility and growth in the market.

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What are the major product types in the Consumer packaged goods market?

• Food and Beverage
• Personal Care and Cosmetics
• Household Supplies

What are the main applications of the Consumer packaged goods market?

• In-Stores
• Online Sales

Who are the key players in the Consumer packaged goods market?

• Procter Gamble
• Unilever
• Loreal SA
• Colgate Palmolive
• The Kraft Heinz Co.
• Kellogg Company
• Nestle S A
• Pepsi
• Coca Cola
• Carlsberg A/S
• Diageo
• Heineken
• AB InBev
• Kweichow Moutai
• Keurig Dr Pepper
• Campbell Soup

North America and Western Europe are highly mature, where consumers prioritize premiumization, health-conscious options, and sustainable packaging. Asia-Pacific represents the fastest-growing region, driven by urbanization, expanding middle-class populations, and strong e-commerce adoption.

The industry is crowded with manufacturers and fiercely competitive. Major producers include Procter & Gamble, Unilever and L "oreal S.A., with revenue ratios of 3.60%, 3.32% and 1.79%, respectively, in 2019.

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Frequently asked questions (FAQs) about the Consumer packaged goods market:

 What is the market size of the Consumer Packaged Goods (CPG) industry in 2025 and beyond?
In 2024, the global CPG market was valued at USD 2.11 trillion and is projected to reach USD 2.59 trillion by 2031, growing at a CAGR of 3.0% during 2025–2031.

What factors are driving growth in the Consumer Packaged Goods market?
Key growth drivers include rising demand for health & wellness products, sustainability-focused packaging, digital transformation, e-commerce adoption, and convenience-driven consumption patterns.

Which regions are expected to lead the CPG market growth?
North America and Western Europe remain mature markets with a focus on premiumization and sustainability, while Asia-Pacific is the fastest-growing region, driven by urbanization, rising middle-class consumers, and rapid e-commerce penetration.

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What are some related markets to the consumer packaged goods market?

-          Consumer Packaged Goods (CPG) Software & Solutions market was estimated to be worth USD 19950 Million in 2023 and is forecast to a readjusted size of USD 27030 Million by 2030 with a CAGR of 4.5% during the forecast period 2024-2030.

-          Fast-Moving Consumer Goods Packaging market was valued at USD 474460 Million in 2023 and is anticipated to reach USD 689130 Million by 2030, witnessing a CAGR of 5.0% during the forecast period 2024-2030.

-          Anti-counterfeit Packaging in Consumer Goods market was estimated to be worth USD 101690 Million and is forecast to reach approximately USD 198850 Million by 2031 with a CAGR of 10.2% during the forecast period 2025-2031.

-          Fast Moving Consumer Goods (FMCG) and Consumer Packaged Goods (CPG) Market

-          Consumer Packaged Goods (CPG) Logistics Market

-          Consumer Packaged Goods (CPG) Operations Solutions Market

-          Retail & Consumer Packaged Goods (CPG) Marketing Solutions Market

-          Consumer Packaged Goods Software Market

-          Digital Transformation Solutions for Consumer Packaged Goods (CPG) Market

-          100% Recycled Paperboard Market

-          Trade Promotion Management and Optimization for the Consumer Goods Market was valued at USD 701 Million in the year 2024 and is projected to reach a revised size of USD 1215 Million by 2031, growing at a CAGR of 8.3% during the forecast period.

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