Metaverse In FMCG Market to Record a 20.5% YOY Growth Rate in 2022, Evolving Opportunities with Autodesk Inc. & Decentraland – Technavio – QNT Press Release

NEW YORK, Aug. 2, 2022 /PRNewswire/ — The Metaverse In FMCG Market by Geography (North America, EuropeAPAC, Middle East and Africaand South America) – Forecast and Analysis 2022-2026 report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The metaverse in FMCG market share is expected to increase to USD 2.11 billion from 2021 to 2026 at an accelerating CAGR of 21.8%. Technavio categorizes the metaverse in the fast-moving consumer goods (FMCG) market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the metaverse in the FMCG market during the forecast period.

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Metaverse In FMCG Market – Vendor Analysis

The metaverse in the FMCG market is concentrated and the vendors are deploying growth strategies such as M&A activities and partnerships to compete in the market. The metaverse in the FMCG market report also offers information on several key vendors, including Autodesk Inc., Decentraland, KINAHANS META, Matterport Inc., Meta Platforms Inc., NVIDIA Corp., and Unity Software Inc. among others.

  • Autodesk Inc. – The company offers solutions for metaverse in the FMCG market that allows people to collaborate and interact with places, and things using Revit, Forge, Unity, Azure, Decentraland, and web technologies.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Metaverse In FMCG Market – Key Market Dynamics:

  • Market Driver – The key factor driving the global metaverse in fast-moving consumer goods (FMCG) market growth is the growing number of FMCG brands entering the metaverse platform.FMCG brands, especially, beverage brands, are largely dependent on attractive labels and branding for sales. Big brands such as The Coca-Cola Co., Anheuser-Busch Companies, LLC., and PepsiCo. are showing interest in the metaverse market. Alcohol brands are using metaverse platforms to enhance brand awareness. For instance, In April 2022The Coca-Cola Co. launched Coca-Cola Zero Sugar Byte, a new virtual drink for the metaverse platform. The virtual product launches will help improve brand awareness and drive the growth of the market focus during the forecast period.
  • Market Challenges – The key challenges to the global metaverse in FMCG industry growth are the privacy and security concerns over the metaverse. Metaverse collects and processes vast amounts of information about users and their environment. Metaverse can access the personal data of users from the user’s social networking accounts and phones and may pose a threat to their privacy. The privacy of users can also be threatened if hackers gain access to the user’s device. There are many privacy-related concerns associated with smart gears. These glasses automatically screen and process the user’s environment, which violates the privacy of the user and those around them.

To learn about additional key drivers, trends, and challenges available – Request a Report right now!

Metaverse In FMCG Market – Segmentation Analysis

The metaverse in the FMCG market report is segmented by Geography (North America, EuropeAPAC, Middle East and Africaand South America).

  • Regional Highlights – 45% of the market’s growth will originate from North America during the forecast period. US is the key market for metaverse in FMCG in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.
  • Revenue Generating Segment – The metaverse in FMCG market share growth by the computers segment will be significant for revenue generation, Although a majority of users across the globe have mobile access, the total time spent on websites is majorly dominated by the computer segment.

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The competitive scenario provided in the Metaverse In FMCG Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share , etc. Don’t wait, Make a strategic approach & boost your business goals with our Metaverse In FMCG Market Forecast Report – Buy Now!

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