More

    Nielsen India bets big on FMCG E- Commerce growth in India

    Must Read

    Fourth class contact employees create ruckus over treatment of their supervisor

    Put allegations on doctors for not attending him for hours Family members and fourth...

    Health Ministry: India records very high single day recoveries from COVID-19 successively during last 3 days

    Health Ministry has said that India has recorded very high single day recoveries from COVID-19 successively during...

    Drug probe: NCB summons Deepika Padukone’s manager, KWAN talent agency CEO

    Extending probe in the drugs case linked to Bollywood actor Sushant Singh Rajput’s death, the Narcotics Control...

    Expects FMCG e-commerce to grow at a 44% CAGR to $4 billion by 2022

    Nielsen India expects the fast-moving consumer goods sales coming from the E-Commerce channel to grow to $4 billion by 2022. The channel contributes 2% to the current FMCG market. These are insights from Nielsen’s recently launched E-Trak Index – a measurement solution that tracks the FMCG E-Comm industry.

    India’s first such solution is created using aggregated ePOS (electronic point of sale) data from cooperating E-commerce players and data science backed estimation for non-cooperating E-commerce players in India. The index adds a crucial element to the Retail Measurement Services that Nielsen provides by adding a view of the FMCG E-Comm space for All India Metros currently – with monthly read for Total FMCG, Super-categories, Category level for about 20 categories and for 11 categories at a top manufacturer level. 

    Manufacturers and marketers get data, information and insights that can be further used to hone their E-Comm channel sales strategy to help shape a smarter market.

    Announcing the launch of E-Trak, Prasun Basu, South Asia Zone President, Nielsen Global Connect, said, “Measurement is necessary. Measurement is difficult. Best possible measurement.” Explaining this further he added “Data and insights from Nielsen’s Retail Measurement Services continue to provide an essential foundation for manufacturers and marketers to understand their market. In this rapidly evolving world of commerce, India’s FMCG industry is now making its presence felt in the E-Comm channel – appealing to consumers’ need for convenience, and in sync with increasing smartphone and internet penetration. To give a truly complete picture of the changing marketplace, we are happy to announce that Nielsen India has launched a specific E-Trak index that will now measure FMCG consumer offtake in the E-Comm space – marrying this with trends seen in modern and traditional trade to get a read on omnichannel in the country.”

    Sharang Pant, Head-Retail Measurement Services and Retailer Vertical, South Asia, Nielsen Global Connect said “While the foundation is taking shape, E-comm’s dynamic nature has made it a disruptor in the marketplace. E-Comm has seen a transformative journey and is now a $1.2Bn Industry growing from 0.5% contribution in 2016 to a 2% contribution in 2019, and slated to be 5% in 2022 – this is in half the time that brick and mortar retail took to evolve. That said, these channels are not cannibalizing each other, and all continue to grow with E-Comm outpacing modern trade and traditional trade. The view that Nielsen presents on understanding channel, category and consumer trends will directly help players understand the right strategy in terms of assortment, pricing and positioning to win with the evolving consumer”

    Nitya Bhalla, Head- Data Science, South Asia, Nielsen Global Connect said “Given the significance of the channel from both a current as well as future perspective, Nielsen has built a unique state of the art hybrid model for estimating this dynamic and growing channel. The methodology involves leveraging data from key collaborating E-tailers in the FMCG space. We then use crowd sourced data coupled with machine learning techniques from a panel of 200K+ consumers to estimate the Ecommerce sales for FMCG products.”

    Metros lead the E-Comm FMCG race with a 6% contribution from the channel to total FMCG sales. Amongst these, Foods is the biggest contributor with 44%; then it is personal care (40%) and household care (13%). Narrowing in on the value contribution of E-Comm to Metro sales categories with the channel, Diapers contribute 26% to the sales; followed by skin creams (12%) and shampoo (10%).

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Health Ministry: India records very high single day recoveries from COVID-19 successively during last 3 days

    Health Ministry has said that India has recorded very high single day recoveries from COVID-19 successively during...

    Health Ministry: India records very high single day recoveries from COVID-19 successively during last 3 days

    Health Ministry has said that India has recorded very high single day recoveries from COVID-19 successively during the last three days.

    Drug probe: NCB summons Deepika Padukone’s manager, KWAN talent agency CEO

    Extending probe in the drugs case linked to Bollywood actor Sushant Singh Rajput’s death, the Narcotics Control Bureau (NCB) has sent summons...

    Unusual scenes in Parliament’s history: Overnight protests, work beyond midnight for two consecutive evenings

    The Lok Sabha, Parliament’s lower House, worked till 12.24 am Tuesday, clocking a new record of sitting beyond midnight for two consecutive...

    PM to address IIT Guwahati’s convocation through video-conferencing today

    Prime Minister Narendra Modi will address the convocation of IIT, Guwahati through video-conferencing today. In all,1,803 students including 687 B.Tech. and 637...

    More Articles Like This

    - Advertisement -