Key regions: India, United States, Japan, United Kingdom, China
The Bread Market in Bangladesh is experiencing minimal growth due to factors like low consumer health awareness and traditional eating habits. Despite the convenience of online services, the market's growth rate remains low.
Customer preferences: As the demand for healthier food choices continues to grow in Bangladesh, there has been a noticeable shift in consumer preferences towards whole grain and gluten-free bread options. This trend is fueled by a growing health consciousness among consumers, as well as an increase in individuals with gluten intolerance or celiac disease. Additionally, there has been a rise in demand for artisanal and specialty breads, as consumers are becoming more adventurous in their food choices and seeking unique flavors and textures.
Trends in the market: In Bangladesh, the Bread Market of the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for healthier bread options, such as whole wheat and multigrain bread. This trend is driven by the increasing health consciousness among consumers and the rise in chronic disease prevalence. As a result, bread manufacturers are expanding their product lines to cater to this demand. This trajectory towards healthier bread options is significant as it reflects a shift in consumer preferences and presents opportunities for industry stakeholders to tap into this growing market segment. However, it also poses challenges for traditional bread producers who may need to adapt their production processes and ingredients to stay competitive. Additionally, the rise in health and wellness trends may also lead to the emergence of new players in the market, such as organic and artisanal bread producers, further intensifying competition in the Bread Market.
Local special circumstances: In Bangladesh, the Bread Market within the Bread & Cereal Products Market is heavily influenced by the country's predominantly Muslim population. This has led to a high demand for halal-certified bread products, as well as a preference for flatbreads like naan and roti. Additionally, the country's hot and humid climate poses challenges for the storage and distribution of bread, leading to a reliance on local bakeries and small-scale production. Government regulations also play a role in market dynamics, with strict controls on wheat imports and subsidies for domestic wheat production.
Underlying macroeconomic factors: The bread market in Bangladesh is heavily influenced by macroeconomic factors such as economic growth, population growth, and consumer spending. As the country continues to experience steady economic growth, the demand for bread and other cereal products is expected to increase. Additionally, government policies aimed at improving food security and reducing poverty are likely to drive the growth of the bread market in the country. Furthermore, the increasing urbanization and changing dietary habits of consumers are also expected to contribute to the growth of the bread market in Bangladesh. As the country continues to develop and improve its infrastructure, there will be a greater demand for convenient and affordable food options, leading to a promising outlook for the bread market in Bangladesh.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
