1、FMCG contract manufacturing Industry overview and M&A 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 privat

2、e 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 Servi

3、ces 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.K

4、ey 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 Par

5、tnership 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 landsc

6、ape and key trendsIndia competitive landscapeKey challenges and opportunitiesKey trendsConclusionIndias 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 communit