The consumer packaged goods market size, as prepared by Strategy Here, was valued at USD 1966.5 billion in 2021 and is projected to reach USD 2421 billion by 2028. Growth momentum is expected to accelerate during the forecast period with a CAGR of 3%. Multinational corporations compete fiercely to dominate the consumer packaged goods industry. Some of the major manufacturers include Procter & Gamble, Unilever, and L'oreal S.A., which had revenue ratios of 3.6%, 3.3%, and 1.8% in 2019.