Consumer Staples

Consumer Staples

What Does Consumer Staples Mean?

A category of companies that manufacture and sell food and beverages, tobacco, prescription drugs, and household products; generally they are goods and services that people buy regardless of economic conditions.

Investopedia explains Consumer Staples

Consumer staple companies produce products that people purchase in good and bad economic times. Examples are soaps, healthcare products, food, and some types of clothing. Consumer staple products are the opposite of consumer discretionary products, which are items purchased at the discretion of the consumer, such as luxury goods.

Related Terms:
• Bear Market
• Bull Market
• Business Cycle
• Inflation
• Recession