P&G's beauty segment represented 19% of the company's net sales for the 2019 fiscal year. Consumer staples are an industry sector encompassing products most people need to live, regardless of the state of the economy or their financial situation. Key Takeaways. These are external links and will open in a new windowPharmaceutical firm GlaxoSmithKline (GSK) and some generics companies have been fined for being anti-competitive.GSK has been fined £37,606,275 and the generic firms have to pay £7.4m.But GSK says its actions actually saved the NHS money and brought the generic drugs to the market sooner.The other companies fined were Generics UK, Merck, Alpharma, Activis UK and Xellia Pharmaceuticals.The CMA found that between 2002 and 2004, GSK had made agreements to pay cash to its competitors to prevent them bringing the generic version of Seroxat, called paroxetine, to market.In addition to the cash payments, the CMA said the deals allowed the competitors to bring small amounts of paroxetine to market instead of GSK, transferring some of the profits to the generic manufacturers without increasing competition. "GSK and the generics companies entered into these agreements at the time in order to settle costly, complex and uncertain patent disputes," its spokesperson said. One of the world's largest consumer goods companies is Procter & Gamble, which operates in almost every country in the world with a variety of popular brand names. "The Procter & Gamble Company (PG)." Other names in the beauty industry that rival P&G include Colgate-Palmolive, Estee Lauder, Revlon, and Unilever. Notably, along with the big names noted below, Procter & Gamble also competes with countless smaller companies in the international segments in which it reports revenue. By using Investopedia, you accept our
That's because consumer needs and tastes vary from country to country, from gender to gender, and by age.
The consumer goods market is very competitive. Investopedia requires writers to use primary sources to support their work.
Although GSK receives 80% of its profits from the pharmaceutical industry, GSK relies on three main product categories which bring in the remaining 20%. This is the company's top-selling business segment, representing 33% of its net sales in 2019 with names like Tide, Bounce, Downy, and Febreeze. Some of the most popular and well-recognized names include: An avoidable cost refers to variable costs that can be avoided, unlike most fixed costs, which are typically unavoidable. Takeda Pharmaceutical's main competitors include Amgen, Novartis, GSK and Pfizer. But it's not the only company that's trying to race to the top of the consumer goods industry. These are: a) Nutritional health care: this group competes in the UK, Ireland and India.
GlaxoSmithKline (GSK) gives anxiety, asthma, and other ailments the ax. The company has a number of iconic, well-known brand names from laundry detergents and cleansers, to grooming and beauty products. Read on to learn more about the company as well as its main competitors. But there are a number of different companies that aim to chip away at its segments individually. "The agreements allowed the generics companies to enter the market early with a paroxetine product and ultimately enabled a saving of over £15m to the NHS. We also reference original research from other reputable publishers where appropriate. Brand management is a marketing function that uses brand management techniques to increase the perceived value of a product line or brand over time. The offers that appear in this table are from partnerships from which Investopedia receives compensation. These include white papers, government data, original reporting, and interviews with industry experts. Competitors for Glaxosmithkline Plc (GSK): view how companies in the same sector perform against each other.
In the baby, feminine, and family care segment, major competitors include Colgate-Palmolive—with brand names like Tender Care—Unilever's Zwitsal, and Church and Dwight Co.'s Viviscal and Rephresh.
GlaxoSmithKline Consumer Healthcare Competitors List - Compare GlaxoSmithKline Consumer Healthcare with its Competitors in terms of Share Price, Stock price forecast, trends, charts and more on The Economic Times One of the top five pharmaceutical firms in the world, GSK's bestsellers include respiratory, neurological, cardiovascular and dermatology drugs, as well as vaccines and antivirals and consumer healthcare products. Notes: GSK’s factors for success in this market are: • GSK has a variety of groups of companies. As a whole, Procter & Gamble is undoubtedly one of the biggest consumer goods names around.
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