Why Participate

7

The consumption of higher-value nutritional commodities has increased noticeably in Bangladesh as earnings grow, which is indicative of shifting dietary choices and a focus on healthier food options.
The size of the Bangladeshi foodservice market is projected to be 3.79 billion USD in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 14.50% to reach 7.47 billion USD by 2029.
The Market size for ready-to-cook food and frozen packaged goods is over BDT 2,000 million and has been growing for the past decade with a current growth rate of 25.6% per year.
According to the Bangladesh Bureau of Statistics approximately 30 million (20% of the total population) are middle class which is more than the combined populations of Denmark, Norway and Sweden! Today this number is expected to be much higher.
In order to meet the changing tastes of urban customers, processed and prepared food products are in high demand in Bangladesh due to the growth of the Hotel, Restaurant, and Catering (HORECA) industry.
According to statistics the Revenue in the Food market of Bangladesh amounts to US $144.80bn in 2023 and in 2024 this number is expected to increase by US$ 11.6 Billion!
Predictions indicate that by 2027 the food market of Bangladesh is projected to grow by 21.88% (2023-2027) resulting in a market volume of US$2646.00 Million!