The first question you should ask yourself is: What is an FMCG brand? A FMCG brand is a product that is sold by a manufacturer to a retailer and resold to the consumer. This method of selling a product requires a lower cost per unit of goods than a luxury item. This is because FMCGs are not manufactured to last, and they must be sold at a lower price to earn a profit.
A FMCG brand sells a product that is frequently used by consumers, such as bread, soap, and shampoo. These products are cheap, convenient, and highly consumed by consumers. The price of FMCGs is low enough that they are often consumed on the same day they are bought. As such, consumers often identify with a particular FMCG brand or product. But if you don’t have a specific brand or product in mind, it’s best to look for a FMCG company that sells a similar type of product.
While CPGs are also manufactured by a company, FMCGs are sold through retail channels. They are mass-produced and have a short shelf life. Most FMCG products are packaged for a mass market, which allows them to be produced in bulk. For example, most shampoo packets are uniformly sized and contain a certain amount of liquid. Then there’s food. Most of the items that fall into the FMCG category have a high turnover rate, so they are sold through retail channels much faster. Foods and beverages include packaged nuts, breads, and processed food. Beverages include coffee cups and sodas.
The FMCG sector is an industry that is dominated by large, well-established household brands, like Coca-Cola and Henkel. Breaking into the FMCG industry can be a daunting task, but smaller brands have more chances to make an impact with limited resources. So, what is an FMCG brand? And how do you create one? These are the key questions you should ask yourself. Make sure your brand is aligned with your target market.
As FMCG products sell quickly, their supporting markets change rapidly. That means you must be proactive and use visualization tools to monitor market trends. For example, you can use a visualization tool like Bedrock Analytics to see which products are performing well. A well-designed visualization tool will reveal key trends in your market and provide actionable insights. That way, you can make an informed decision regarding your marketing strategy. It will also help you plan ahead for future trends.
In the competitive FMCG sector, a brand must be more than a ‘nice’ logo and good packaging. Modern consumers expect more. A successful brand will consistently deliver an authentic customer experience and provide a compelling reason to purchase its products. Brand perceptions are created through brand worlds and personality. And brand recognition is crucial. It can’t be done without these two essential components. The best FMCG brands have a strategy for branding.