The Consumer Packaged Goods (CPG) Industry has experienced a lot of change in the past several years, with in-store sales stagnating, and e-commerce sales gaining impressive traction, but the future of CPG companies looks to be bright. And with a thriving support community, and even a CPG-focused accelerator, SKU (formerly known as Incubation Station), Texas is poised to continue to push CPG growth through 2017.
In the first half of 2016, CPG online sales grew 42% across key categories compared to the first half of 2015. Each year, online sales are contributing a higher percentage to total retail sales. What’s interesting though, is that consumers don’t seem to be spending less in-store, but are simply spending more money online.
Below we have highlighted the top 10 deals in the Texas CPG & Retail industries from 2016. In this report, we find that 10 companies alone brought in about $90M in investment dollars to the Texas CPG industry last year.
|Mizzen & Main||$2,999,710|
|Snap Drape Brands||$2,325,000|
|The Republic Grille||$1,120,000|