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Packaged food, toiletries, drinks, stationery, over-the-counter medications, cleaning and laundry supplies, plastic goods, personal care items, and less priced consumer electronics like cell phones and headphones are some examples of fast-moving consumer goods.
High-perishable items include several fast-moving consumer goods like meat, dairy, baked goods, fruits, and vegetables.
FMCG sales are typically impacted by retail promotions, as well as by holidays and other seasonal times.Consumer packaged goods (CPG), sometimes known as fast-moving consumer goods (FMCG), are items that are in high demand, readily available, and reasonably priced.
These products are referred to as “fast-moving” because customers frequently use them, which makes them quickly disappear from store or supermarket shelves.
The Canada FMCG market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Globally, retail prices are increasing, which has a direct effect on consumer purchasing behaviours. This is particularly evident in Canada FMGC market, where citizens say that the cost of everyday food and drink has increased The bulk of the food and beverage industry’s price categories are rising, but according to Canadians, the most expensive products are yoghurt, milk, and bread.
Many people attempt to alter their shopping patterns in response to price increases when prices go up.
As consumers look for an easy way to purchase their food, online shopping is growing in popularity. However, people still purchase in physical stores. Trust and transparency are two of the key reasons why customers continue to purchase goods in physical stores.
This is underscored by the fact that consumers do not trust online sellers. This is because they want to know how fresh the products are, whether their groceries will arrive on time, and how well substitute products will be if the original item they requested is out of stock.
