Market Forecast By Product Type (Butter , Cheese, Milk, Cream, Yoghurt, Buttermilk, Ice Cream , Lactose-Free Dairy Products), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Store, Online) And Competitive Landscape
Product Code: ETC017992 | 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 Dairy Products Market |
Forecast period | 2025-2031 |
CAGR | 6.7% |
Growing Sector | Milk |
The Bangladesh Dairy Products Market report comprehensively covers the market by Product 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 Dairy Products Market is experiencing steady growth, primarily driven by the increasing consumer demand for diverse and nutritious dairy products.
According to 6Wresearch, the Bangladesh Dairy Products Market is projected to grow at a CAGR of 6.7% from 2025-2031. The milk segment is leading the market due to its high consumption rates and its essential role in the Bangladeshi diet. Additionally, the growing awareness about health benefits associated with dairy products has resulted in increased demand for items like yoghurt and lactose-free dairy products. The rise in urbanization, changing consumer lifestyles, and increasing disposable income are further contributing to market expansion.
However, the market faces challenges such as the lack of cold chain infrastructure, which hampers the distribution of dairy products, especially in rural areas. Additionally, price fluctuations due to dependency on imported milk powder pose a challenge for local producers. Ensuring the quality and safety of dairy products also remains a concern that needs to be addressed to maintain consumer trust.
Leading players in the Bangladesh Dairy Products Market include BRAC Dairy & Food Project, Pran Dairy Ltd., and Akij Food & Beverage Ltd. BRAC Dairy & Food Project is a key player known for its wide range of dairy products, including milk, yoghurt, and ice cream, catering to the diverse preferences of Bangladeshi consumers. Pran Dairy Ltd. has established a strong presence with its focus on high-quality milk and cheese products, supported by its extensive distribution network. Akij Food & Beverage Ltd. specializes in innovative dairy products such as lactose-free milk, which is gaining popularity among health-conscious consumers.
The government of Bangladesh has implemented various initiatives to support the growth of the dairy sector. These include programs aimed at increasing local milk production to reduce dependency on imports and enhance food security. Efforts are also being made to improve the cold chain infrastructure, ensuring the safe and efficient distribution of dairy products across the country. Additionally, the government is promoting public-private partnerships to foster innovation and investment in the dairy industry. The establishment of dairy development programs and subsidies for dairy farmers is further expected to boost production and contribute to market growth.
The Bangladesh Dairy Products Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements in dairy farming and processing, leading to higher productivity and better quality products. The increasing inclination towards health and wellness among consumers is expected to drive the demand for low-fat and lactose-free dairy products. In addition, the expansion of modern retail formats such as supermarkets and hypermarkets will provide better accessibility and a wider range of dairy products to consumers. Moreover, the growing online distribution channel is likely to play a crucial role in the market, offering convenience and increasing product availability. In summary, the market will likely see growth fueled by innovation, health-conscious consumer behavior, and improved distribution networks.
According to Ravi Bhandari, Research Head, 6Wresearch, the milk segment is leading the market due to its staple status in the Bangladeshi diet and high consumption rates across the population.
Supermarkets and hypermarkets are gaining significant traction, offering a wide variety of dairy products in one place, making them the preferred choice for consumers.
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 Dairy products Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Dairy products Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Dairy products Market - Industry Life Cycle |
3.4 Bangladesh Dairy products Market - Porter's Five Forces |
3.5 Bangladesh Dairy products Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Bangladesh Dairy products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Bangladesh Dairy products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Dairy products Market Trends |
6 Bangladesh Dairy products Market, By Types |
6.1 Bangladesh Dairy products Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Dairy products Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Bangladesh Dairy products Market Revenues & Volume, By Butter , 2021 - 2031F |
6.1.4 Bangladesh Dairy products Market Revenues & Volume, By Cheese, 2021 - 2031F |
6.1.5 Bangladesh Dairy products Market Revenues & Volume, By Milk, 2021 - 2031F |
6.1.6 Bangladesh Dairy products Market Revenues & Volume, By Cream, 2021 - 2031F |
6.1.7 Bangladesh Dairy products Market Revenues & Volume, By Yoghurt, 2021 - 2031F |
6.1.8 Bangladesh Dairy products Market Revenues & Volume, By Buttermilk, 2021 - 2031F |
6.1.9 Bangladesh Dairy products Market Revenues & Volume, By Lactose-Free Dairy Products, 2021 - 2031F |
6.1.10 Bangladesh Dairy products Market Revenues & Volume, By Lactose-Free Dairy Products, 2021 - 2031F |
6.2 Bangladesh Dairy products Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Dairy products Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021 - 2031F |
6.2.3 Bangladesh Dairy products Market Revenues & Volume, By Convenience Store, 2021 - 2031F |
6.2.4 Bangladesh Dairy products Market Revenues & Volume, By Online, 2021 - 2031F |
7 Bangladesh Dairy products Market Import-Export Trade Statistics |
7.1 Bangladesh Dairy products Market Export to Major Countries |
7.2 Bangladesh Dairy products Market Imports from Major Countries |
8 Bangladesh Dairy products Market Key Performance Indicators |
9 Bangladesh Dairy products Market - Opportunity Assessment |
9.1 Bangladesh Dairy products Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Bangladesh Dairy products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Bangladesh Dairy products Market - Competitive Landscape |
10.1 Bangladesh Dairy products Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Dairy products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |