In the face of dynamically evolving trends, preferences, regulations, and mindsets, change is the only new constant. With the growth of smart devices, shopping has entered our own homes. Virtual and Augmented reality along with digitized payments have left no reason to go physically shopping at brick-and-mortar stores. We at Research Nester are focused on doing in-depth research as to the scope of profitability and growth in the industry related to consumer products, food, and retail. The various aspects of it are comprehensively yet accurately examined to make a relevant and beneficial roadmap for investments in the long and short run.
The retail, food, and consumer product industry are a vital sector of the global economy. It encompasses a wide range of products and services that are daily produced, further innovated, and marketed. The revenue from the retail and consumer products industry stood at an astounding 8 trillion USD in 2022. Apart from that, the global food market generated around USD 9.43 trillion in revenue in 2023, an increase of over 700 billion U.S. dollars since 2022.
Of late there has been a lot of turbulence in the retail, food, and consumer product industry owing to disruption in the supply chain, rising food inflation, labor shortages, etc. Previously it was the global pandemic, and now the political unrest across the world has had a major impact on its growth. The evaluation of sustainability in every aspect of this consumer-focused industry is making it undergo massive shifts. In spite of the mentioned challenges, the leading companies of consumer products and retail such as Walmart, Amazon, Procter & Gamble, Nestle, Unilever, and many more are steadily thriving. These companies have moved with the times. They have remodeled their production and marketing strategies as per consumer preferences, incorporating e-commerce, online payments, and digital marketing along with digitizing the entire consumer experience. In 2021, retail e-commerce sales amounted to approximately 5.2 trillion U.S. dollars worldwide
We at Research Nester have incorporated years and years of research to reach a level of understanding of the future growth prospects of the industry. Our expertise in predicting future trends and consumer behavioral patterns will facilitate easier decision-making and better strategic planning at your end. The critical analysis of every segment in our report and in-depth research on the basis of relevant statistics can help you navigate disruption and turn challenges into opportunities.
What We Do
Rising concerns for inflation, fear of recession, contracting revenues, shrinking profit margins, and growing cost pressure on logistics and supply chain has posed a profound stress test for every business organizations globally. We’re helping our clients by delivering integrated solutions based on thorough research, benchmarking, analysis, and strategic discernment to help businesses overcome these challenges and unearth hidden opportunities for sustainable growth and value creation over the coming years.
We have been a pedestal for our clients to embark on a journey towards success.
