US CPG Industry Ad Spending 2024

2-Year Rebound for the Second-Largest Ad Spender Continues but Will Tail Off Next Year

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About This Report
The second-largest digital advertiser among industries will post strong ad spending growth in 2024, but deceleration is on the horizon, and its various subcategories have starkly different outlooks.
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The consumer packaged goods (CPG) industry will spend nearly $50 billion on digital advertising this year, a figure bested by only the retail industry. Growth will be excellent for the second year in a row, but the 2025 outlook is more pedestrian. Among CPG subcategories, toiletries and cosmetics will spend the most.

Key Question: How much will the CPG industry and its subcategories spend on digital advertising this year and out to 2026?

Key Stat: After nearly flat-lining in 2022, CPG industry digital ad spending will see a second consecutive year of strong growth in 2024 (16.6%). But a spending deceleration is on the horizon.

authors

Ethan Cramer-Flood

Contributors

Nikolai Dineros
Zach Goldner
Forecasting Analyst
Penelope Lin
Director, Data Visualization
Evelyn Mitchell-Wolf
Senior Analyst, Digital Advertising & Media
Oscar Orozco
Director, Forecasting
Emman Velasco
Chart Editor
Julia Woolever
Yoram Wurmser
Principal Analyst
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