What is FMCG?
FMCG stands for fast-moving consumer goods and refers to products that are high in demand, sold quickly and are relatively low in cost.
Examples of FMCG products include:
- Dry goods (coffee, tea, sugar)
- Beverages (fruit juice, bottled water)
- Toiletries (toothpaste, soap)
- Cosmetics (hair care, makeup)
- Over-the-counter drugs (Aspirin, paracetamol)
As the FMCG industry has such a high turnover rate, the market is not only extremely vast but also highly competitive. This results in some of the UK’s top companies battling for the number one spot.
Looking for more insight into the UK food and drink market in 2022? check out our ‘Expected Trends’ blog – https://logicalfmcg.co.uk/all-posts/insights/food-trends/
The Top 5 UK FMCG Companies in 2022
There are 7000+ consumer goods companies employing over 400,000 people in the UK alone. We took a look at the top 5 UK FMCG companies in 2022:
5) Associated British Foods
- Headquartered in London, the multinational food processing company is the world’s second-largest producer of both sugar and baker’s yeast. Its grocery division is responsible for both branded and private label products such as Mazola, Ovaltine, Jordans and Twinings.
Market Cap: 21.894bn USD
4) Reckitt
- Reckitt is a British multinational consumer goods giant based in Slough which operates a wide range of brands such as Air Wick, Calgon, Dettol, Durex and Veet. The company expects to boost sales and profit margins this year as it raises prices to offset surging operating costs.
Market Cap: 54.78bn USD
3) British American Tobacco
- Founded in 1902, BAT is the largest tobacco company in the world. Although cigarette sales have fallen drastically across the board, the company has adapted successfully to meet the increasing demand for risk-averse vapour products.
Market Cap: 84.465bn USD
2) Diageo
- The alcoholic drinks giant operates in over 180 countries worldwide and produces well-known beverages such as Smirnoff, Captain Morgan and Gordon’s. Despite operating profits falling by 47% in 2020, Diageo seems to be back on track with its pre-pandemic trajectory.
Market Cap: 112.11bn USD
1) Unilever Group
- Unilever is a British-Dutch consumer goods company owning over 400 household brands such as Dove, Lipton, Magnum, Walls and Vaseline.
Market Cap: 145.3bn USD
Due to its solid organic growth and production of essential items, the FMCG industry is seen to be well-positioned for the coming year as we continue to return to normal life after the pandemic.
Check out some of the other brands that didn’t make the list! – https://www.value.today/top-companies/top-fmcg-companies-uk
