Meaning and Full Form FMCG
What is Full Form FMCG? FMCG stands for fast moving consumer goods. A FMCG company is any company that produces these goods. Well known FMCG companies include Unilever, Nestlé and The Coca Cola Company. It’s also known as Consumer Packaged Goods. The samples of FMCG products are soft drinks, unhealthy food, cosmetics like lip balm, eyeliner, deodorants, soaps, general using products like toilet paper, face towel, shower cap, toilet soaps along with the over the counter medications, etc.
Definition of FMCG
The definition of FMCG is broad – some items which are available at comparatively low rates and consumed relatively quickly could be considered samples of fast moving consumer goods’.
The majority of the merchandise in your regional supermarket likely qualifies. FMCGs used up quickly and are offered in high volumes. The FMCG industry is the 4th largest sector in the Indian economy and its size is estimated to grow from US$ 30 billion in the year 2011 to US$ 75 billion in 2018. It generates 5% of the total factory employment in India. The expanding consciousness, easy access to products and changing lifestyles are considered the main factors behind the development of this sector.