Volume : VII, Issue : III, March - 2018

A RECENT TREND IN FAST MOVING CONSUMER GOODS WITH SPECIAL REFERENCE TO PERSONAL CARE PRODUCTS

Dr. R. Nirmala, M. Sivasankari

Abstract :

 

        Fast–Moving Consumer Goods (FMCG) or Consumer Packaged Goods (CPG) are products that are sold quickly and at relatively low cost. Though the profit margin made on FMCG products are relatively small (more so for retailers than the producers/suppliers), they are generally sold in large quantities thus, the cumulative profit on such products can be substantial. FMCG is probably the most classic case of low margin and high volume business. The Indian FMCG sector is the fourth largest sector in the economy with an estimated size of Rs.1300 billion. The sector has seen tremendous average annual growth of about 11% per annum over the last decade. In India, the scenario is quite different in comparison to developed nations where the market is dominated by few large players, whereas FMCG market in India is highly competitive and a significant part of the market includes unorganized players selling unanded and unpackaged products. Approximately 12–13 million retail stores exist across India, the large percentage of which around 9 million are kirana stores. India FMCG sectors’ comprises of few significant characteristics like well connected distribution network, high level of competition between the organized and unorganized FMCG players, and low operational cost. In India, FMCG companies have privilege of having easy availability of raw materials, cheaper labour cost and presence across the entire value chain gives India a competitive advantage. 118 Products which have a swift turnover and relatively low cost are known as Fast Moving Consumer Goods (FMCG). FMCG items are those which generally get replaced within a year. So this study explains the overview of personal care products.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr.R.Nirmala, M.SIVASANKARI, A RECENT TREND IN FAST MOVING CONSUMER GOODS WITH SPECIAL REFERENCE TO PERSONAL CARE PRODUCTS, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : Volume-7 | Issue-3 | March-2018

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