Cooking ingredients and meals in Bangladesh in 2024 is marked by price increases, which have impacted sales performance. Some consumers are boycotting Indian brands, while lower-priced local brands are also benefiting from consumers watching their spending, with demand for smaller pack sizes also rising.
Price hikes and rising living costs have strongly impacted demand. Import costs have surged due to the dollar crisis, while inflation has increased the cost of living, making it difficult for the government to control the economic situation.
Cooking ingredients are a staple in every Bangladeshi household, used for main dishes, snacks, and side dishes. Socioeconomic status influences the type and quantity of ingredients purchased.
Inflation is at an all-time high in 2024, and the dollar exchange rate has surged, putting pressure on local purchasing power.
Demand for cooking ingredients is increasing across both foodservice and retail channels as the restaurant and corporate event industries continue to expand.
While price hikes are slowing demand and market growth, consumers' eating habits have changed significantly. Previously, they only consumed one or two dishes per meal, but now they prefer a greater variety.
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Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Bangladesh with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Bangladesh, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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