The consumer goods and retail industry is facing challenges in engaging the consumers across every channel and at each touch points. Consumer’s behaviour have become highly unpredictable and they are demanding more than ever before. The consumer goods and retail industry is broadly segmented into clothing and textile, house & home, retail, consumer electronics and personal care.
Consumer electronics market is experiencing a shift due to various technological developments. Miniaturization of smart devices, growing consumer interests in multifunctional products, development of multi-screen environment, smart toys, virtual and augmented reality, smart wearable, smartphones, smart TV and digital set-top box are some of the top emerging trends in consumer electronics industry. Consumer electronics market is facing some challenges such as price competition, pressure to maintain efficiency and quality, rising labour & raw materials cost, among others.
Consumer preference in personal care segment is shifting from synthetic to natural or organic products. Increased health awareness, growing demand for chemical free personal care products and rising disposable income are some of the factors driving personal care market.
The textile industry has many applications within the consumer goods and retail market. It facilitates the manufacturing of clothes as well as other household products such as bed sheets, curtains and carpets. Textiles can be classified into natural and synthetic fibres. Natural fibres are animal or plants sourced and synthetic fibres are derived from polymers. The textile market is segmented into fibres, yarns and fabrics. Fabrics have the largest application in the textile industry.
Implementation of digital technology across consumer goods and retail industry has empowered consumers. The consumer today can compare prices, share and seek product reviews digitally, promote good products and criticize bad services through social media. The consumers now enjoy wider range of products and services.
ASDReport.com offers an extensive repository of reports on consumer goods and retail market. The reports cover various segments and products related to consumer goods & retail market like kitchen appliances, organic skin care, oral care, personal electronics, cosmetics, online retailing and much more