Ad spending in the FMCG/CPG sector saw up to a 53% increase in Q2 of 2020, according to eMarketer research. COURTESY
The new post Covid-19 reality has propelled digitalization forward by five years. McKinsey research suggests that it could take anywhere between three to ten years for us to feel that going to supermarkets is again a safe and convenient way of grocery shopping.
Ad spending in the FMCG/CPG sector saw up to a 53% increase in Q2 of 2020, according to eMarketer research. In the UK, 2020 FMCG/CPG represented a 13.5% share in digital ad spend, earning second place, following retail at 20% ad spend. In the USA, CPG will make up 14.4% of all US digital ad spending in 2020, making it the third-largest spender among the industries we cover.
Httpool experts offer an analysis as to how FMCG/CPG brands can leverage Facebook, Twitter and Snapchat ads, harnessing the potential of this growing market, projected to reach $15,361.8 billion by 2025.
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