Numerous fast moving consumer goods (FMCG) have a low shelf life, either because of the consumer demand or due to the fact that the goods deteriorate quickly. Certain FMCG, like fruits, meat and vegetables, are extremely perishable. Others, such as toiletries, alcohol, pre-packaged foods, candies, chocolate and so on present longer turnover rates. The sale of this type of products is sometimes influenced by seasons and holidays. In this article, our Estonian company formation advisors present a few interesting aspects related to starting a company in the FMCG sector in Estonia.
The food and beverage industry in Estonia
The food and beverage production is Estonia is the largest one in the country, judging by the production volume.
The exports cover around one-third of the entire production volume. Besides the major companies, there are numerous small producers which activate in the industry, many of them offering healthy and eco-friendly goods.
The most important branches of the FMCG industry are the food and beverage and the dairy sectors.
The beverage manufacturers in Estonia make a wide variety of non-alcoholic and alcoholic drinks like beer, long drinks, cider and so on. Our company formation consultants in Estonia can provide assistance to open a company in this sector in Estonia.
The dairy sector in the country is the most developed sub-sector, producing raw milk, cheese, butter, cottage cheese, yogurt, ice cream and others.
The meat processing sector is responsible for producing many different meat-based goods, comprised of minced meat goods, smoked ones, chilled meat, etc.
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A quick outlook of the FMCG industry in Estonia
Our company registration representatives in Estonia would like to mention the following aspects related to the Estonian FMCG industries:
• The baby and child-specific goods sector: it increased last year, even though there was a decrease in the population of the country;
• The shower and bath sector: the Estonian economic downturn impacted the consumer shopping habits, these goods being bought on special offers on a regular basis;
• The color cosmetic sector: it dynamically continued to increase in 2016, since the consumers became more aware of their appearance and the goods started to be more innovative.
If you would like to know more about the FMCG industry in Estonia, please speak to our company formation representatives in Estonia.