Consumer Spending in China increased to 493247.20 CNY Hundred Million in 2023 from 450468 CNY Hundred Million in 2022. This dataset provides - China Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

From the selected regions, the ranking by revenue in the consumer electronics market is led by China with 210.5 billion U.S. dollars and is followed by the United States (150 billion U.S. dollars). In contrast, the ranking is trailed by Malaysia with 4.1 billion U.S. dollars, recording a difference of 206.4 billion U.S. dollars to China. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Mexico regarding revenue in the segment TV, Radio & Multimedia and a ranking by country regarding per capita sales volume in the computing segment of the consumer electronics market. The Statista Market Insights cover a broad range of additional markets.

The global total consumer spending in was forecast to continuously increase between 2024 and 2029 by in total 16.2 trillion U.S. dollars (+26.61 percent). After the ninth consecutive increasing year, the consumer spending is estimated to reach 77.1 trillion U.S. dollars and therefore a new peak in 2029. Consumer spending here refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the total consumer spending in countries like North America and Europe.

Media and entertainment spending among consumers worldwide was highest in North America in 2021, at 2.2 thousand U.S. dollars. E&M consumer spending in the Middle East and Africa amounted to 82 U.S. dollars that year. Media usage in the largest media market The United States is the largest media market worldwide. In terms of time spent with selected sources of entertainment, internet users in the country spend close to seven hours daily using the internet, and approximately two hours and 16 minutes using social media platforms. Watching television and video content via streaming or on-demand engaged users in the U.S. for approximately four hours and 42 minutes per day, while console gaming accounted for roughly one hour and 25 minutes per day. Media spending in the U.S. It is estimated that the average consumer spending on media in the United States amounts to around 1.4 thousand U.S. dollars. This surpasses 1.5 thousand dollars when we take into account consumers aged between 18 and 54 years old. However, economic uncertainty, brought on by political and financial crises in 2022, influences future media budgets. A survey from late 2022 shows that consumers from households with an income below 100,0000 dollars are not keen on maintaining, much less increasing, their expenditures on any of the major media.

The real per capita cosumer spending ranking is led by Iran with 120,324,699 U.S. dollars, while Vietnam is following with 49,388,580.61 U.S. dollars. In contrast, Zimbabwe is at the bottom of the ranking with 2.87 U.S. dollars, showing a difference of 120,324,696.13 U.S. dollars to Iran. Consumer spending, here depicted per capita, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.

Explore the top import markets for t-shirts around the world, including the United States, Germany, France, and more. Gain valuable insights into consumer preferences and market trends in the global fashion industry.

Consumer Healthcare Market size was valued at USD 360 Billion in 2023 and is projected to reach USD 780 Billion By 2030, growing at a CAGR of 8.8% during the forecast period 2024 to 2030.

Global Consumer Healthcare Market Drivers

The market drivers for the Consumer Healthcare Market can be influenced by various factors. These may include:

Growing Education and Awareness: The demand for consumer healthcare products is being driven by consumers’ growing knowledge of wellness, self-care, and preventive healthcare practices. Over-the-counter (OTC) drugs, vitamins, and supplements are in more demand as consumers take a more active role in managing their health.
Aging Population: As the world’s population ages, chronic illnesses and ailments including diabetes, arthritis, and cardiovascular disease are becoming more common. People frequently need more healthcare services and goods as they become older, including over-the-counter medications.
Trend Towards Self-Medication: People are seeking easy and affordable ways to treat minor illnesses due to hectic lifestyles and growing healthcare expenses. The demand for OTC medications, home diagnostic tools, and other self-care items is rising as a result of this trend.
Technological Developments: Consumers are becoming more empowered to take charge of their health thanks to technological developments like wearable health gadgets, telemedicine, and mobile health applications. The consumer healthcare business is being driven by these technologies, which allow people to more easily monitor their health parameters, get medical information, and engage with healthcare providers.
E-commerce and Digitalization: A wider range of people can now obtain consumer healthcare items thanks to the growth of e-commerce platforms and digital channels. Now that consumers can access a wealth of information, compare prices, and buy healthcare products online, the market is expanding.
Urbanization and Lifestyle Changes: Chronic health issues are on the rise due to urbanization and changing lifestyles, which are defined by sedentary behavior, bad eating habits, and elevated stress levels. Consumer healthcare products designed to manage chronic illnesses and enhance general well-being are therefore in greater demand.
Regulatory Support: Promoting self-care and extending access to over-the-counter pharmaceuticals are top priorities for governments and regulatory agencies. Positive legislative environments and programs to improve the infrastructure for consumer healthcare also fuel industry expansion.

This statistic shows the revenue of the top-performing consumer packaged goods (CPG) companies worldwide in 2013. In that year, Procter & Gamble was the largest CPG companies in the world, with revenue amounting to about 83.7 billion U.S. dollars.

Consumer packaged goods

Consumer packaged goods (CPG) are defined as products which are intended for everyday use. They have to be replaced quite frequently in contrast to products that are usable for an extended period of time such as cars. CPG are further classified into fast moving consumer goods (FMCG) and slow moving consumer goods (SMCG). The classification is based on how fast products are sold from the supermarket shelf to the customer, a determining factor in the rotation of goods. FMCG comprise goods with a useful life shorter than a year including food and beverages, personal care products, household products, cleaning products, and tobacco. They are affordable at relatively low cost and literally just fly off the supermarket shelves. SMCG have a much lower purchasing frequency and are therefore more costly regarding storage space. This category comprises items such as household appliances, furniture and home improvement products, which usually have a useful life longer than a year. The fast-paced CPG business is quite competitive, highly dynamic and innovative in order to meet consumers’ needs. Some of the industry’s key players include Procter & Gamble, Unilever and L’Oréal.

Consumer Packaged Goods (CPG) Market size was valued at USD 5483.4 Billion in 2023 and is projected to reach USD 6615.5 Billion by 2030, growing at a CAGR of 2.8% during the forecast period 2024-2030.

Global Consumer Packaged Goods (CPG) Market Drivers

The market drivers for the Consumer Packaged Goods (CPG) Market can be influenced by various factors. These may include:

Changing Customer Preferences: A variety of factors, including changes in lifestyle, demographics, urbanization, and culture, constantly influence consumer preferences and behaviors. CPG companies need to offer products that fit the needs, tastes, and values of their customers in order to adjust to these shifting preferences.
Product development and innovation: In the CPG industry, innovation is a major force. Businesses spend money on R&D to produce cutting-edge goods that satisfy changing consumer demands, outperform competitors, improve convenience, and add value. The introduction of new products and strategies for product differentiation propel market expansion and rivalry.
Trends in Health and Wellness: Consumers are searching for CPG products that support health, nutrition, and overall well-being as they become more conscious of these issues. Organic, natural, non-GMO, and functional products are becoming more and more in demand as consumers prioritize leading healthier lives. In response, CPG companies provide healthier substitutes and restructure current products to align with consumer inclinations.
E-commerce and Digital Transformation: The CPG industry is undergoing a revolution thanks to the spread of digital technologies and e-commerce channels. Because online shopping platforms offer convenience, variety, and personalized experiences, more and more consumers are choosing them. CPG businesses use omnichannel distribution, digital marketing, e-commerce tactics, and data analytics to increase market share, engage customers, and boost revenue.
Easy Living and Always-On Lifestyles: The demand for easy-to-consume, portable, portion-controlled CPG products that are portable is driven by time constraints and busy lifestyles. Snacking bars, grab-and-go options, single-serve packaging, and ready-to-eat meals all appeal to customers looking for quick and convenient meal solutions.
Sustainability and Environmental Concerns: In the CPG business, consumers’ decisions to buy are influenced by their growing awareness of environmental issues and concerns about sustainability. Sustainable sourcing methods, recyclable packaging, and environmentally friendly goods are top priorities for consumers. To meet consumer expectations and improve brand reputation, CPG companies implement sustainable initiatives, minimize waste, lower their carbon footprint, and embrace the principles of the circular economy.
Demographic Trends: The dynamics of the CPG market are shaped by demographic variables such as population growth, urbanization, aging populations, and household composition. Businesses customize their product lines, package designs, and advertising tactics to appeal to particular consumer demographics, including millennials, Gen Z, baby boomers, families, and multiculturals.
Globalization and Emerging Markets: Globalization gives CPG companies more market opportunities to enter emerging markets and new geographic areas. Consumer spending on CPG products is driven by growing middle-class populations, urbanization, and rising disposable incomes in developing nations. To prosper in a variety of international markets, businesses must modify their marketing tactics, localize their product offerings, and handle regulatory environments.
The COVID-19 pandemic has brought to light the significance of resilient and agile supply chains in the consumer packaged goods (CPG) sector. In order to increase flexibility, responsiveness, and continuity during disruptions and volatile market conditions, businesses concentrate on supply chain optimization, inventory management, risk mitigation, and digitalization.

The global banana consumption stood at $52.4B in 2016, which was 15% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

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Consumer Electronics Market Size 2025-2029

The consumer electronics market size is forecast to increase by USD 134.4 billion, at a CAGR of 5.4% between 2024 and 2029.

The market is witnessing significant growth due to several key factors. Frequent product launches in the industry are driving market expansion, as companies continue to innovate and introduce new technologies. Another major growth factor is the rapidly expanding e-commerce sector, which allows for greater accessibility and convenience for consumers. Additionally, the long product lifecycle of major appliances, such as televisions and heart valve dysfunction monitoring devices that utilize biomarker testing, ensures a steady demand for replacement and upgrades. This market trends and analysis report provides a comprehensive evaluation of these and other influencing factors shaping the consumer electronics industry.

What will be the Size of the Consumer Electronics Market During the Forecast Period?

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The market encompasses a diverse range of products, including smartphones, laptops, tablets, and wearable devices, among others. This dynamic market is driven by evolving consumer preferences and technological advancements. Households worldwide continue to prioritize the adoption of these devices, influenced by changing lifestyles and increasing disposable incomes. The market's size is substantial, with millions of units sold annually. Manufacturing plants face challenges such as component shortages, counterfeiting, and shipping delays, which can impact production and distribution. Customer behavior, environmental concerns, and regulatory compliance are also critical factors shaping the market.
In the healthcare sector, consumer electronics are increasingly being used to monitor health conditions, with applications in alveolar fluid metabolism, cardiac issues, and respiratory disorders like cardiogenic pulmonary edema and heart failure. The integration of biomarkers, clinical examination, imaging testing, blood tests, and ventilator-assisted respiration into healthcare systems is transforming the diagnosis and treatment of various conditions. Despite these advancements, the market's growth may be influenced by factors like credit availability, import bills, acquisition policies, FDI inflows, and capex subsidies.

How is this Consumer Electronics Industry segmented and which is the largest segment?

The consumer electronics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Personal
  Professional


Distribution Channel

  Offline
  Online


End-user

  Residential
  Commercial


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  South America



  Middle East and Africa

By Application Insights

The personal segment is estimated to witness significant growth during the forecast period. The market has experienced substantial growth due to the increasing adoption of advanced electronic devices in households. Manufacturers are focusing on integrating digital technologies and prioritizing consumer experience. Miniaturization is a significant trend, with the rising disposable income and improving standard of living driving demand. Home improvement products are also gaining popularity. Market expansion is further fueled by the geriatric population's increasing need for healthcare systems and solutions related to cardiac issues, such as oxygen therapy, medicines, biomarkers, clinical examination, imaging testing, blood tests, and ventilator-assisted respiration.
Cardiogenic pulmonary edema, heart failure, left ventricle issues, coronary artery disease, cardiomyopathy, heart valve problems, hypertension, and other cardiac conditions are key therapeutic areas. The market is influenced by factors like component shortages, counterfeiting, shipping delays, changing customer behavior, environmental concerns, and economic factors like credit, disposable incomes, import bills, acquisition policies, FDI inflows, CAPEX subsidies, production, distribution, organized retail, e-retailers, and government support. Key therapeutic areas include immunology, oncology, cardiology, endocrinology, and neurology. The market is expected to continue growing due to borrowing costs, export incentives, and customs duties.

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The personal segment was valued at USD 315.20 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio's an

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Consumer Healthcare Market Size 2025-2029

The consumer healthcare market size is forecast to increase by USD 189.8 billion at a CAGR of 7.1% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing awareness about lifestyle diseases and the accelerated use of online resources. According to recent studies, non-communicable diseases such as diabetes, cardiovascular diseases, and cancer are on the rise, leading consumers to seek proactive healthcare solutions. The market is responding to this trend with an expanding range of products and services, including dietary supplements, over-the-counter medicines, and digital health solutions. However, the market is not without challenges. One major issue is the lack of corroborative studies on the efficacy and safety of dietary supplements, leading to regulatory scrutiny and consumer skepticism. Digital health innovations, such as telemedicine, health apps, and wearables, offer convenience and accessibility to consumers. Additionally, the digitalization of healthcare presents opportunities but also brings challenges such as data privacy concerns and the need for standardization. Companies seeking to capitalize on market opportunities and navigate these challenges effectively must prioritize transparency, evidence-based innovation, and regulatory compliance. By staying abreast of these trends and addressing consumer needs, they can position themselves for long-term success in the dynamic market.

What will be the Size of the Consumer Healthcare Market during the forecast period?

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The market encompasses a broad range of products and services designed to meet the healthcare needs of individuals outside of traditional medical settings. Key categories include wellness, oral health, nutrition, skin health, medicines, healthcare professional engagement, personal healthcare products, health supplements, cosmetics, disinfectants, consumer medical devices, nutraceuticals, digital health, OTC goods, preventative medicine, and drug distribution. This market is characterized by strong growth, driven by increasing consumer awareness and demand for self-care solutions. Trends include the rise of personalized and digital health offerings, the integration of healthcare professionals into consumer product offerings, and the increasing importance of preventative medicine.
Counterfeit drugs and safety concerns remain challenges, while the growing popularity of OTC medicines and weight loss products adds to the market's complexity. Overall, the market is a dynamic and evolving landscape, presenting both opportunities and challenges for stakeholders.

How is this Consumer Healthcare Industry segmented?

The consumer healthcare industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  OTC pharmaceuticals
  Dietary supplements


Distribution Channel

  Offline
  Online


Geography

  North America

    US
    Canada


  Asia
  Europe

    France
    Germany
    UK


  Rest of World (ROW)

By Product Insights

The OTC pharmaceuticals segment is estimated to witness significant growth during the forecast period. Over-the-counter (OTC) drugs, also known as self-medications, are non-prescription medicines approved by regulatory bodies like the US Food and Drug Administration (FDA) for individual purchase and use. These medications cater to various health concerns, encompassing pain relief, skin conditions, respiratory symptoms, sleep disorders, smoking cessation, weight management, and gastrointestinal issues. OTC drugs are accessible through multiple channels, including pharmacies, grocery stores, and online retail pharmacies. These products are readily available on the shelves, catering to consumers' convenience and accessibility. OTC drugs encompass a wide range of therapeutic areas, including analgesics, weight loss products, gastrointestinal products, skin products, mineral supplements, vitamin supplements, sleeping aids, ophthalmic products, sports nutrition, sports supplements, vitamins, minerals, amino acids, probiotics, omega-3 fatty acids, carbohydrates, and botanicals.

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The OTC pharmaceuticals segment was valued at USD 252.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Asia is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American region leads the market, account

An overview of world sugar consumption by country, including details on the top consumers such as the United States, Brazil, India, China, Russia, Germany, Mexico, United Kingdom, Japan, and Indonesia.

The cosmetics industry in the US generated $56.8 billion in 2019, accounting for 25% of the global cosmetics market. With advanced technologies and a high purchasing power consumer base, the industry is highly competitive and segmented, with skincare being the largest category.

This statistic represents the leading machine tool consumers in 2020, with a breakdown by select country. In that year, China accounted for approximately 32 percent of the world's machine tool consumption.

Difference-in-differences agriculture GVA results: Pooling, fixed-effects, and random-effects.

Matching results by propensity score (PSM).

Explore the top import markets for sesame seeds including China, Turkey, Japan, South Korea, and Israel. Discover key statistics and market insights.

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Spectrometry Market Size 2024-2028

The spectrometry market size is forecast to increase by USD 9.02 billion at a CAGR of 10.87% between 2023 and 2028. The spectroscopy market is experiencing robust growth, fueled by several key factors. The global geriatric population is expanding, leading to an increased demand for healthcare solutions, including spectroscopy techniques for disease diagnosis and treatment. Additionally, emerging markets are showing a rising interest in these advanced technologies, driving market expansion. Furthermore, research and development activities are on the rise, leading to innovations that cater to evolving consumer preferences and industry standards. As the market progresses, there is a shift towards more efficient systems and better accessibility. Companies are prioritizing sustainability and operational efficiency to maintain a competitive edge. These trends are influencing the market's direction, supporting long-term growth. The demand for advanced spectroscopy solutions is expanding the market's scope, ensuring its continued evolution. The spectroscopy market's growth is underpinned by the need for accurate and reliable analytical techniques to address the complexities of modern healthcare and research applications.

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Spectrometry Market Segmentation

The spectrometry market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Type

  Molecular spectrometry
  Mass spectrometry
  Atomic spectrometry


End-user

  Pharmaceutical and biotechnology industries
  Chemical and petrochemical industries
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  Asia

    Japan


  Rest of World (ROW)

Which is the largest segment driving market growth?

The molecular spectrometry segment is estimated to witness significant growth during the forecast period.

The molecular spectrometry segment dominates The market, accounting for a significant revenue share in 2023. This trend is attributed to the extensive application of molecular spectroscopy techniques In the life sciences industry, particularly in pharmaceuticals, biotechnology, and research operations. Companies like PerkinElmer, Inc. Offer advanced molecular spectrometry instruments, including infrared, fluorescence, ultraviolet-visible (UV-Vis) spectroscopy, and FT-IR microscopy systems. Infrared spectroscopy's growing popularity is due to technological advancements, which increase productivity and reduce overall process costs. Spectrometry is essential for various applications, such as material characterization, chemical compound identification, impurity and contaminant detection, and disease diagnosis. Technological improvements, including cloud-based data management and hybrid mass spectroscopy, further enhance the market's growth.

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The Molecular spectrometry segment was valued at USD 3.69 billion in 2018 and showed a gradual increase during the forecast period.

Which region is leading the market?

North America is estimated to contribute 58% to the growth of the global market during the forecast period.

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Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market experienced significant growth in 2023, with North America leading as the largest revenue contributor. The US, in particular, held the largest market share due to substantial investment in research and development. The life sciences, metabolomics, and petroleum industries In the US utilize mass spectrometer instruments extensively, driving market expansion. Additionally, the presence of major market players In the region further boosts growth. Electromagnetic radiation across the electromagnetic spectrum, including molecular spectroscopy through visible, ultraviolet, infrared, near infrared, nuclear magnetic resonance, Raman spectroscopy, and hybrid mass spectroscopy, are used for identifying chemicals, chemical compounds, impurities, contaminants, and pollutants. Technological improvements, such as cloud-based data and hybrid mass spectroscopy, contribute to market advancements.

The pharmaceutical and biotechnological industries, drug testing, drug discovery, protein testing, raw materials testing, and quality assurance and control in research operations and the pharma and biotech industries further fuel market demand. Stringent criteria for monitoring dangerous substances and advancements in personalized treatments, health care, medical research, diagn

This statistic shows the average size of the world's leading 250 consumer products companies in 2013, by product sector. In that year, the average size of the leading electronic products companies worldwide was about 35.08 billion U.S. dollars.