Market Forecast By Type (Sugar, Chocolate, Fine Bakery Wares, Others), By Distribution Channel (Supermarket/Hypermarket, Specialist Retailers, Online Retail Stores, Convenience Stores, Other Distribution Channels) And Competitive Landscape
Product Code: ETC018172 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Confectionery Market |
Forecast period | 2025-2031 |
CAGR | 3.5% |
Growing Sector | Retail |
The Bangladesh Confectionery Market report thoroughly covers the market by Type and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Confectionery Market has experienced growth over the past years. It is expected that the market will continue to grow steadily in the coming years. The driving factors are the rising disposable income, growing population, changing consumer preferences, and the trend of gifting confectionery.
According to 6Wresearch, the Bangladesh Confectionery Market size is expected to grow at a significant CAGR of 3.5% during 2025-2031. One of the main drivers of growth in the Bangladesh confectionery market is the increasing disposable income among its population. Consumers now have more spending power which has led to an increase in demand for indulgent food products like chocolates, candies, and bakery items. Another factor driving the market is the changing consumer preferences towards healthier and more premium confectionery options leading to the emergence of organic and healthier confectionery alternatives in the market. Furthermore, the growing trend of gifting confectionery items during special occasions like festivals, birthdays, and weddings has also boosted the demand for these products.
One major challenge is the high import duties imposed on raw materials and machinery, making it difficult for local manufacturers to compete with imported products in terms of pricing. Moreover, the lack of proper infrastructure and logistics facilities also poses a challenge for confectionery companies in terms of timely delivery and distribution of their products.
The Bangladeshi confectionery market is dominated by both local and international players. Some of the key players in this market include Pran Foods Limited, Square Food & Beverage Limited, Perfetti Van Melle Bangladesh Pvt. Ltd., Nestle Bangladesh Limited, and Mondelez Bangladesh Limited. These companies offer a wide range of confectionery products and have established strong brand recognition in the market.
One of the major initiatives taken by the government is providing tax exemptions and concessions for raw materials used in manufacturing confectioneries. Furthermore, the government has also introduced subsidies for confectionery producers, especially those in rural areas. This has encouraged small and medium-sized businesses to enter the market and contribute to its growth. The export promotion scheme launched by the government provides incentives and support for confectionery exporters. This has helped local manufacturers to expand their reach globally and increase their exports. Moreover, the government has also taken steps to promote research and development in the confectionery industry.
The Bangladesh confectionery market is expected to experience continuous growth in the coming years. Factors such as a young and growing population, increasing disposable income, and a rising trend towards indulgence are driving the demand for confectionery products in the country. With the rise of e-commerce platforms and modern retail outlets, consumers now have easier access to a variety of confectionery products, further boosting market growth. Moreover, manufacturers are focusing on introducing healthier alternatives with natural ingredients in response to the growing health consciousness among consumers.
According to Ravi Bhandari, Research Head, 6Wresearch, the chocolate segment is growing rapidly in the Bangladesh confectionery market. This can be attributed to the increasing demand for premium and indulgent confectionery products among consumers.
In terms of distribution channels, specialist retailers are leading in the market due to their wide range of product offerings and specialized knowledge of confectionery products.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Confectionery Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Confectionery Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Confectionery Market - Industry Life Cycle |
3.4 Bangladesh Confectionery Market - Porter's Five Forces |
3.5 Bangladesh Confectionery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bangladesh Confectionery Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Bangladesh Confectionery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Confectionery Market Trends |
6 Bangladesh Confectionery Market, By Types |
6.1 Bangladesh Confectionery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Confectionery Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Bangladesh Confectionery Market Revenues & Volume, By Sugar, 2021-2031F |
6.1.4 Bangladesh Confectionery Market Revenues & Volume, By Chocolate, 2021-2031F |
6.1.5 Bangladesh Confectionery Market Revenues & Volume, By Fine Bakery Wares, 2021-2031F |
6.1.6 Bangladesh Confectionery Market Revenues & Volume, By Others, 2021-2031F |
6.2 Bangladesh Confectionery Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Confectionery Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.2.3 Bangladesh Confectionery Market Revenues & Volume, By Specialist Retailers, 2021-2031F |
6.2.4 Bangladesh Confectionery Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
6.2.5 Bangladesh Confectionery Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.6 Bangladesh Confectionery Market Revenues & Volume, By Other Distribution Channels, 2021-2031F |
7 Bangladesh Confectionery Market Import-Export Trade Statistics |
7.1 Bangladesh Confectionery Market Export to Major Countries |
7.2 Bangladesh Confectionery Market Imports from Major Countries |
8 Bangladesh Confectionery Market Key Performance Indicators |
9 Bangladesh Confectionery Market - Opportunity Assessment |
9.1 Bangladesh Confectionery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bangladesh Confectionery Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Bangladesh Confectionery Market - Competitive Landscape |
10.1 Bangladesh Confectionery Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Confectionery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |