Right up to Q3 2022, both private label and SMB brand growth stayed close to the global FMCG value median. Right after, in Q4 2022, the picture started to change—private labels were gaining ground.?
By 2023, private labels had grown so much that they were competing with manufacturers of all sizes, becoming a strong contender for SMBs. While the growth trajectory for private labels might have fluctuated between a couple of percentage points, it remained consistently above the FMCG market growth rate.
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SVP Cross-Industry/Cross-Border and Technology at Kantar Consulting
1 周Leon Nicholas putting the"E" in Live!