2025年快消品合同制造：行业全景与并购展望报告（英）-毕马威

FMCG contract manufacturing Industry overview and M&A outlookkpmg.com/inJune 2025KPMG. Make the Difference.© 2025 KPMG Assurance and Consulting Services LLP, an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.FMCG contract manufacturing | 2Potential M&A themes and deal activity in IndiaGlobal manufacturing landscape and key trendsIndia competitive landscapeKey challenges and opportunitiesKey trendsConclusion© 2025 KPMG Assurance and Consulting Services LLP, an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.FMCG contract manufacturing | 2Table of contents 1. Key trends032. Key challenges and opportunities063. India competitive landscape094. Global manufacturing landscape and key trends135. Potential M&A themes and deal activity in India176. Conclusion2401 Key trendsFMCG contract manufacturing | 3© 2025 KPMG Assurance and Consulting Services LLP, an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.FMCG contract manufacturing | 4Potential M&A themes and deal activity in IndiaGlobal manufacturing landscape and key trendsIndia competitive landscapeKey challenges and opportunitiesKey trendsConclusionIndia’s FMCG contract manufacturing industry has emerged as a dark horse over the past 24 months and is now being perceived and valued as a quasi-consumer play by industry majors and the investor community. This shift can be partly attributed to the industry's transformation from a fragmented, low-margin segment into players with moderate to large-scale operations, deep innovation capabilities, a diversified product and customer base, and exposure to export markets—driving both growth and profitability. Another key driver is the potential for significant value creation through public market listings, following the successful precedent set by Pharma CDMOs (Contract Development and Manufacturing Organizations).This Thought Leadership provides a brief overview of key trends and opportunities, the competitive landscape, global industry and M&A trends, deal activity, and potential M&A themes in India, thereby demonstrating our domain expertise and leadership in creating value for stakeholders.Key trends© 2025 KPMG Assurance and Consulting Services LLP, an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.FMCG contract manufacturing | 5Potential M&A themes a