TOP 23 Consumer Goods SubIndustry Q3/2023
Intro
Did you know that the consumer goods industry is projected to reach a market value of $1.7 trillion by 2025?
Welcome to the dynamic world of the consumer goods industry, a sector that plays a vital role in driving innovation and fueling economic growth.
As we navigate through an ever-evolving landscape, it is crucial to examine the current trends shaping this industry's future.
In this article, we'll delve into key aspects of the consumer goods industry, from technological advancements to market dynamics.
Our analysis reveals that the consumer goods industry is poised for unprecedented growth. However, challenges related to sustainability and workforce management must be addressed to sustain this trajectory.
Ranking
#23 Electronic Equipment
Employees: 1.5M
Revenue: 1.2T$
Description: The Electronic Equipment industry encompasses companies involved in the manufacturing and distribution of electronic devices, appliances, and equipment for consumer use. Key players in this industry include multinational corporations such as Samsung, Apple, Sony, LG, and Panasonic, as well as numerous smaller companies specializing in specific product categories. The industry is prominently active globally, with major manufacturing hubs in countries like China, Taiwan, South Korea, and the United States. Significant advancements and major changes in the industry have occurred over the past few decades, driven by technological innovation and consumer demand for more advanced and interconnected devices. The Electronic Equipment industry is noteworthy for future opportunities due to the increasing adoption of smart home devices, the rise of the Internet of Things (IoT), and the continuous development of cutting-edge technologies like artificial intelligence, virtual reality, and 5G connectivity.
#22 Household Products
Employees: 2.5M
Revenue: 1.2T$
Description: The Household Products industry is a sector within the Consumer Goods industry that focuses on the production and distribution of essential products used in households worldwide. Key players in this industry include companies like Procter & Gamble, Unilever, and Kimberly-Clark. The primary audience for these products is consumers who require everyday items such as cleaning supplies, personal care products, and home essentials. The industry is prominently active globally, with major market presence in regions like North America, Europe, and Asia-Pacific. The Household Products industry has been significant for decades, but it experienced major changes and advancements in the late 20th century with the introduction of innovative products and technologies. This sector is noteworthy for future opportunities due to the continuous demand for household products and the potential for further advancements in sustainability, convenience, and product diversity.
#21 Food & Beverage
Employees: 5M
Revenue: 1.2T$
Description: The Food & Beverage industry is a prominent sector within the Consumer Goods industry. It encompasses companies involved in the production, processing, distribution, and sale of food and beverages. Key players in this industry include multinational corporations such as Nestle, Coca-Cola, PepsiCo, and Unilever, as well as smaller regional and local companies. The industry is active worldwide, with major markets in North America, Europe, and Asia. It has experienced significant growth and changes over the years, driven by evolving consumer preferences, technological advancements, and increasing demand for convenience and healthier food options. The Food & Beverage industry offers a wide range of opportunities for future growth and innovation, with potential in areas such as plant-based alternatives, functional foods, and sustainability initiatives.
#20 Beverages
Employees: 1.6M
Revenue: 1.5T$
Description: The Beverages industry encompasses companies involved in the production, distribution, and marketing of various types of beverages, including alcoholic and non-alcoholic drinks. Key players in this industry include multinational corporations like The Coca-Cola Company, PepsiCo, and Anheuser-Busch InBev, as well as smaller regional and local beverage companies. The industry is prominently active and relevant globally, with major markets in North America, Europe, and Asia. The Beverages industry has been significant for many decades, but it experienced major changes and growth in recent years due to shifting consumer preferences towards healthier options, the rise of craft beverages, and the increasing demand for ready-to-drink products. This sector is noteworthy for future opportunities due to the ongoing innovation and introduction of new beverage flavors, the expanding market for functional and wellness drinks, and the potential for sustainable and eco-friendly packaging solutions.
#19 Packaged Foods
Employees: 1.6M
Revenue: 1.5T$
Description: The Packaged Foods industry is a significant sector within the Consumer Goods industry. It encompasses companies that manufacture and distribute a wide range of processed and packaged food products for consumption. Key players in this industry include multinational corporations such as Nestle, PepsiCo, and Kraft Heinz, as well as regional and local players. The industry is prominently active globally, with major markets in North America, Europe, and Asia. The Packaged Foods industry has experienced major changes in recent decades, driven by shifting consumer preferences, technological advancements, and changing regulatory landscapes. With the growing demand for convenient and ready-to-eat food products, the industry presents noteworthy opportunities for future growth and innovation, particularly in the areas of healthy and sustainable food options.
#18 Specialty Retail
Employees: 2.5M
Revenue: 1.8T$
Description: The Specialty Retail industry, within the broader Consumer Goods sector, encompasses a diverse range of businesses that offer unique and niche products to specific customer segments. Key players in this industry include companies like Walmart, Amazon, Target, and Best Buy, among others. These companies cater to a wide range of audiences, including individual consumers, businesses, and institutions. Specialty Retail is prominently active worldwide, with major markets in the United States, Europe, and Asia. The industry has experienced significant growth and transformation with the rise of e-commerce, digital innovation, and changing consumer preferences. This sector is noteworthy for future opportunities due to its ability to adapt to evolving market trends, the potential for global expansion, and the continuous demand for specialized products and experiences.
#17 Consumer Electronics Retail
Employees: 2.5M
Revenue: 1.8T$
Description: Consumer Electronics Retail
#16 Apparel
Employees: 5.2M
Revenue: 1.8T$
Description: The Apparel industry encompasses the production, manufacturing, and retailing of clothing and accessories for consumers. Key players in this industry include multinational corporations such as Nike, Adidas, and H&M, as well as luxury brands like Gucci and Louis Vuitton. The industry caters to a wide range of audiences, including individuals of all ages and demographics seeking fashionable and functional clothing. The Apparel industry is prominently active across the globe, with major manufacturing hubs in countries like China, Bangladesh, and India, and prominent retail centers in fashion capitals like New York, Paris, and Tokyo. The industry has experienced significant changes throughout history, with major milestones including the industrial revolution, the rise of fast fashion, and the recent shift towards sustainable and ethical practices. This sector is noteworthy for future opportunities due to the constant demand for clothing and the potential for innovation in areas such as smart textiles, customization, and e-commerce.
#15 Supermarkets
Employees: 4.5M
Revenue: 4.1T$
Description: Supermarkets, a sub-industry of Consumer Goods, are large-scale retail establishments that primarily sell food and other household products. The key players in this industry include well-known companies such as Walmart, Kroger, and Tesco. Supermarkets cater to a wide range of audiences, including individuals and families seeking convenient and affordable grocery shopping options. They are prominently active in urban and suburban areas, with a significant presence in countries like the United States, the United Kingdom, and China. The industry became significant in the early 20th century with the rise of modern grocery chains and experienced major changes with the introduction of self-checkout systems and online grocery shopping. Supermarkets are a noteworthy sector for future opportunities due to their ability to adapt to changing consumer preferences, technological advancements, and the growing demand for convenient and sustainable shopping experiences.
#14 Recreational Products
Employees: 1M
Revenue: 50B$
Description: The Recreational Products industry is a sector within the Consumer Goods industry that focuses on the production and sale of products designed for leisure and recreational activities. This includes a wide range of products such as bicycles, sporting goods, outdoor equipment, gaming consoles, and toys. Key players in this industry include companies like Nike, Adidas, Hasbro, Nintendo, and Trek Bicycle Corporation. The industry is prominently active globally, with major markets in North America, Europe, and Asia. It has experienced significant growth and major changes in recent years, driven by advancements in technology, changing consumer preferences, and increased focus on health and wellness. The Recreational Products industry is a noteworthy sector for future opportunities due to the increasing demand for recreational products, the growing popularity of outdoor activities, and the potential for innovation and expansion in emerging markets.
#13 Housewares & Accessories
Employees: 500K
Revenue: 50B$
Description: The Housewares & Accessories industry is a thriving sector within the Consumer Goods industry. It encompasses companies that manufacture and distribute various household products and accessories. Key players in this industry include well-known brands like Procter & Gamble, Newell Brands, and Stanley Black & Decker. The primary audience for these products is the general consumer market, comprising individuals and families looking to enhance their homes and improve their daily lives. This industry is prominently active in regions like North America, Europe, and Asia, where there is a high demand for household products. The Housewares & Accessories industry has experienced significant growth and major changes in recent years, driven by emerging consumer trends, technological advancements, and changing lifestyles. It has become a noteworthy sector for future opportunities due to the increasing focus on sustainability, innovation, and convenience in household products. With a large number of employees and substantial revenue, this industry offers immense potential for continued growth and market expansion.
#12 Toys & Games
Employees: 1.5M
Revenue: 100B$
Description: Toys & Games is a thriving industry within the Consumer Goods sector. It encompasses companies involved in the design, manufacturing, and sale of toys, games, and related products. Key players in this industry include global giants like Mattel, Hasbro, and Lego, as well as numerous smaller companies specializing in niche markets. The primary audience for toys and games are children, but the industry also targets collectors, hobbyists, and parents seeking educational and developmental products for their kids. The industry is prominently active in North America, Europe, and Asia, with major manufacturing centers in China and other Asian countries. Toys & Games has experienced major changes with the rise of digital gaming, leading to the integration of technology into traditional toys. This industry is noteworthy for future opportunities due to the growing demand for interactive and educational toys, increasing disposable income, and the ongoing popularity of licensed merchandise from movies, TV shows, and video games.
#11 Footwear
Employees: 1.5M
Revenue: 100B$
Description: The Footwear industry is a prominent sector within the Consumer Goods industry. It encompasses companies involved in the design, manufacturing, and sale of footwear products such as shoes, sandals, boots, and sneakers. Key players in this industry include global brands like Nike, Adidas, Puma, and New Balance, as well as luxury brands like Gucci, Prada, and Louis Vuitton. The primary audience for footwear products is consumers of all ages and demographics, ranging from fashion-conscious individuals to athletes and outdoor enthusiasts. The industry is prominently active worldwide, with manufacturing hubs in countries like China, Vietnam, and India, and retail presence in major cities across the globe. Footwear has been a significant industry for centuries, but major changes and innovations have occurred in recent decades, driven by advancements in technology, materials, and consumer preferences. The rise of e-commerce and the growing focus on sustainability are also shaping the future of the industry. With a vast consumer base and ongoing demand for footwear products, the industry presents noteworthy opportunities for innovation, market expansion, and brand differentiation.
#10 Personal Care Products
Employees: 2M
Revenue: 160B$
Description: The Personal Care Products industry is a key sector within the Consumer Goods industry. It encompasses companies that manufacture and sell a wide range of products for personal hygiene and beauty, including skincare, haircare, cosmetics, fragrances, and oral care. Some of the key players in this industry include multinational corporations like Procter & Gamble, Unilever, L'Oréal, and Johnson & Johnson, as well as smaller niche brands. The industry is prominent globally, with major markets in North America, Europe, and Asia-Pacific. It has experienced significant growth and changes over the years, with increased focus on natural and organic products, sustainability, and digital marketing. The industry offers numerous opportunities for innovation and growth, driven by evolving consumer preferences, emerging markets, and technological advancements. With a large customer base and a diverse range of products, the Personal Care Products industry is poised for future expansion and presents exciting prospects for businesses and investors.
#9 Jewelry
Employees: 1.5M
Revenue: 200B$
Description: The Jewelry industry is a thriving sector in the Consumer Goods market. It encompasses the production, wholesale, and retail of various types of jewelry including precious stones, metals, and accessories. Key players in this industry include renowned jewelry brands such as Tiffany & Co., Cartier, and Swarovski, as well as large jewelry retailers like Signet Jewelers and Pandora. The primary audience for the jewelry industry consists of individuals seeking luxury and fashion-forward accessories, as well as those looking to invest in valuable pieces. The industry is prominently active worldwide, with significant markets in the United States, Europe, and Asia. Jewelry has been a symbol of status and adornment for centuries, but it experienced major changes with the rise of online shopping and the introduction of lab-grown diamonds. With a staggering number of employees, estimated at 1.5 million, and a massive revenue of 200 billion dollars, the jewelry industry presents noteworthy opportunities for future growth and innovation.
#8 Office Supplies
Employees: 1.5M
Revenue: 240B$
Description: The Office Supplies industry is a vital sector within the Consumer Goods industry. It encompasses a wide range of products and services that are essential for office operations and everyday business activities. Key players in this industry include multinational corporations like Staples, Office Depot, and Amazon, as well as smaller local suppliers and retailers. The primary audience for office supplies includes businesses of all sizes, educational institutions, government agencies, and individual consumers. This industry is prominently active and relevant worldwide, with a strong presence in major economies such as the United States, Europe, and Asia. The Office Supplies industry experienced significant changes and consolidation in recent years due to the rise of e-commerce and digitalization, leading to the closure of physical stores and the emergence of online marketplaces. Despite these challenges, the industry continues to offer noteworthy opportunities for future growth, driven by the increasing demand for remote work solutions, technological advancements, and sustainability initiatives.
#7 Sporting Goods
Employees: 1.5M
Revenue: 300B$
Description: The Sporting Goods industry is a thriving sector within the Consumer Goods parent industry. It encompasses companies involved in the design, manufacturing, and retail of sporting equipment, apparel, and accessories. Key players in this industry include Nike, Adidas, Under Armour, Puma, and Decathlon. The primary audience for sporting goods consists of sports enthusiasts, athletes, and fitness-conscious individuals. The industry is prominently active globally, with significant markets in North America, Europe, and Asia-Pacific. The Sporting Goods industry has experienced major changes in recent years, driven by advancements in technology, growing health and wellness trends, and the rise of e-commerce. This sector is noteworthy for future opportunities due to the increasing focus on fitness and wellness, the demand for athleisure wear, and the potential for innovative sports equipment and technologies.
#6 Home Improvement Retail
Employees: 2M
Revenue: 300B$
Description: The Home Improvement Retail industry is a sector within the Consumer Goods industry that specializes in the sale of products and services related to home improvement and renovation. Key players in this industry include major retailers such as Home Depot, Lowe's, and Menards, as well as online platforms like Amazon and Wayfair. The primary audience for home improvement retailers consists of homeowners and DIY enthusiasts seeking tools, materials, appliances, and furniture to enhance their living spaces. This industry is prominently active in countries like the United States, Canada, and the United Kingdom, where homeownership rates are high and DIY culture is prevalent. The Home Improvement Retail industry experienced significant growth and major changes in the late 20th century with the rise of big-box stores and the advent of e-commerce. This sector is noteworthy for future opportunities due to the increasing demand for home improvement products and services, driven by factors such as urbanization, renovation trends, and the desire for personalized living spaces.
#5 Cosmetics
Employees: 2.5M
Revenue: 500B$
Description: The Cosmetics industry is a lucrative sector within the Consumer Goods industry. It encompasses companies that manufacture, distribute, and sell a wide range of beauty and personal care products, including skincare, haircare, makeup, fragrances, and grooming products. The key players in this industry include multinational corporations such as L'Oréal, Estée Lauder, Procter & Gamble, and Johnson & Johnson, as well as smaller niche brands like Glossier and Anastasia Beverly Hills. The industry is prominently active globally, with significant markets in North America, Europe, Asia-Pacific, and Latin America. Major changes in the industry occurred in the 20th century with the rise of mass production and marketing of cosmetics, and more recently, the industry has been influenced by the growing demand for natural and organic products, as well as the rise of social media and influencer marketing. The Cosmetics industry is noteworthy for future opportunities due to its consistent growth, innovative product development, and the increasing consumer focus on self-care and personal grooming.
#4 Home Furnishings
Employees: 2.5M
Revenue: 800B$
Description: The Home Furnishings industry encompasses companies that manufacture and sell furniture, home decor, and other related products. Key players in this industry include major retailers such as IKEA, Ashley HomeStore, and Wayfair, as well as manufacturers like La-Z-Boy and Herman Miller. The industry caters to a wide range of audiences, including homeowners, interior designers, and commercial buyers. Home Furnishings companies operate globally, with prominent activity in North America, Europe, and Asia. This industry has experienced significant growth and changes in recent years, driven by evolving consumer preferences, technological advancements, and the rise of e-commerce. With the increasing focus on sustainability and personalized home environments, the Home Furnishings sector presents noteworthy opportunities for innovation, design, and market expansion in the future.
#3 Appliances
Employees: 1.5M
Revenue: 800B$
Description: The Appliances industry encompasses companies that manufacture and sell a wide range of household appliances, including refrigerators, washing machines, dishwashers, ovens, and vacuum cleaners. Key players in this industry include multinational corporations like Samsung, LG, Whirlpool, and Electrolux, as well as smaller regional manufacturers. The primary audience for these appliances is the global consumer market, with a focus on households and individuals looking to upgrade or replace their existing appliances. The industry is prominently active in regions such as North America, Europe, and Asia, where there is a high demand for home appliances. The Appliances industry has experienced significant growth and major changes in recent decades, driven by technological advancements, changing consumer preferences, and environmental concerns. It has become a noteworthy sector for future opportunities due to increasing urbanization, rising disposable incomes, and the growing trend of smart home integration. As consumers seek more energy-efficient and connected appliances, the industry is poised to innovate and capitalize on these demands.
#2 Consumer Electronics Components
Employees: 1.2M
Revenue: 850B$
Description: Consumer Electronics Components is a sub-industry within the Consumer Goods sector. It encompasses companies involved in the manufacturing and distribution of electronic components used in consumer electronics products. Key players in this industry include global giants like Samsung Electronics, LG Electronics, and Sony Corporation. The primary audience for these companies is the global consumer market, seeking innovative and high-quality electronic devices. The industry is prominently active in technologically advanced regions such as Asia (particularly South Korea, Japan, and China), North America, and Europe. Consumer Electronics Components became significant in the mid-20th century with the rise of television sets, followed by major changes driven by the proliferation of smartphones, tablets, and smart home devices. This sector is noteworthy for future opportunities due to the growing demand for advanced electronics, the rise of Internet of Things (IoT) devices, and the continuous development of cutting-edge technologies.
#1 Tobacco
Employees: 2.5M
Revenue: 900B$
Description: The Tobacco industry, part of the wider Consumer Goods sector, is primarily involved in the production, distribution, and marketing of tobacco products. Key players in this industry include major multinational corporations such as Philip Morris International, British American Tobacco, and Japan Tobacco International. The primary audience for tobacco products are adult consumers worldwide, although there are targeted efforts to reduce tobacco usage, particularly among younger demographics. The industry is prominently active in regions such as Asia, Europe, and North America, where smoking rates traditionally have been higher. The industry has experienced significant changes over the years due to increased regulations, public health campaigns, and shifting consumer preferences towards alternative nicotine delivery methods. Despite facing challenges, the Tobacco industry remains noteworthy for future opportunities as companies explore innovations in reduced-risk products, such as e-cigarettes and heat-not-burn devices, to adapt to changing market dynamics and consumer demands.
Summary
The consumer goods industry is experiencing significant shifts, including a notable rise in automation adoption and a growing emphasis on sustainability.
These findings have important implications for companies operating in this sector, as they present opportunities for innovation and highlight the increasing need for sustainable practices.
Looking ahead, the consumer goods industry is expected to continue expanding, with a focus on investing in technology advancements and promoting environmentally responsible practices.
Readers are encouraged to stay informed about the latest trends in the industry, explore potential investment opportunities, and contribute to the sustainable growth of this dynamic sector.
In an ever-evolving landscape, the consumer goods industry offers vast possibilities and a clear path forward: embracing innovation, sustainability, and responsible leadership.