Market Forecast By Poultry Type (Chicken, Turkey, Ducks, Others), By Meat Type (Pork, Mutton, Processed Beef, Others), By End-Users (Retail, Food-Services) And Competitive Landscape
Product Code: ETC015772 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Meat & Poultry Market |
Forecast period | 2025-2031 |
CAGR | 5.3% |
Growing Sector | Food |
Bangladesh Meat & Poultry Market report thoroughly covers the market by poultry market, by meat type and by end-users. 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.
Bangladesh meat and poultry market is experiencing significant growth, driven by increasing consumer demand and a growing population. Traditional preferences for fresh, locally-sourced meat have contributed to a robust small-scale farming sector, with poultry and beef being particularly popular choices among consumers. However, the sector is also facing challenges, including issues related to food safety, quality control, and the need for modernization of farming techniques to increase productivity sustainably. The government and private sector initiatives aimed at improving cold chain logistics, quality standards, and market access are critical to meeting the rising domestic and potential international demand. This dynamic market represents a vital component of Bangladesh's agricultural economy and food security strategy.
According to 6Wresearch, the Bangladesh Meat & Poultry Market size is expected to grow at a significant CAGR of 7.5% during the forecast period 2025-2031. The Bangladesh meat and poultry market is driven by several key factors that have contributed to its growth over the years. Firstly, the increasing population and rising disposable incomes in Bangladesh have led to a surge in demand for meat and poultry products. This demographic shift is accompanied by changing dietary preferences, with more consumers inclined towards protein-rich diets, thereby boosting meat consumption. Additionally, urbanization has played a crucial role in shaping dietary habits, as urban dwellers tend to consume more meat compared to their rural counterparts due to better access to a variety of food products and higher income levels. The government's supportive policies towards agricultural and livestock development, including subsidies, technical support, and training for farmers, have also significantly contributed to the expansion of the meat and poultry sector in Bangladesh. Furthermore, advancements in farming techniques and the adoption of modern technology in poultry and meat processing have improved production efficiency, product quality, and shelf life, catering to both local and international market demands.
However, the market faces several challenges that could impede its growth prospects. One of the primary concerns is the lack of proper infrastructure and cold chain facilities, which leads to significant post-harvest losses and affects the quality of meat and poultry products. Poor hygienic practices and inadequate regulatory oversight in slaughterhouses and markets pose health risks and reduce consumer confidence in local meat products. Additionally, the high prevalence of infectious diseases in livestock, due to insufficient veterinary services and lack of awareness among farmers about disease prevention, further compromises the quality and safety of meat and poultry. The market is also susceptible to fluctuations in feed prices, which constitute a major portion of the production costs. These challenges, combined with the impact of climate change on livestock farming, necessitate robust strategies and interventions from both government and private sectors to ensure the sustainable Bangladesh Meat & Poultry Market Growth.
Although there are several market players available in the Bangladesh Meat & Poultry Industry, however few of them are having the most of market share. These companies are BRAC Chicken, Kazi Farms Group, Nourish Poultry & Hatchery Ltd, Agro Industrial Trust, Paragon Group, etc. These companies are increasing the growth through high productions and high standards of food safety.
Meat & Poultry Market in Bangladesh is growing swiftly and government’s regulation and policies are helping in the expansion of the market. These initiatives include providing subsidies for poultry feed and farming equipment, introducing vaccinations and health management programs to fight with poultry diseases, and easier access to finance for small and medium-sized enterprises. Apart from this, efforts are being made to enhance the infrastructure of cold chain systems to reduce post-harvest losses and maintain the quality of meat and poultry products. The government is also investing in training and capacity-building programs to improve farming practices, aiming to combine modern technology and increase production efficiency.
The Bangladesh Meat & Poultry Market is expected to grow due to an evolving consumer base and increased importance on sustainable practices. Increasingly, consumers are demanding not just quality meat and poultry products but also assurances that these goods are produced ethically and sustainably. This shift in consumer preferences is expected to drive further innovation in the sector, with companies likely investing more in technologies that improve animal welfare, reduce environmental footprints, and ensure the traceability of their products.
According to Dhaval, Research Manager, 6Wresearch, chicken market is expected to grow more in future attributed to the consumer acceptance of chicken over other types of poultry is much wider in Bangladesh, driven by its nutritional value, versatility in cooking, and a growing fast-food industry that heavily relies on chicken products.
Beef market is expected to grow more in future attributed to increasing urbanization in Bangladesh, coupled with a expanding middle-class population, has created a shift towards convenience-oriented food consumption patterns.
Retail sector is expected to grow more in future attributed to the increasing consumer preference for convenience and safety in food possession, especially in the wake of health crises, favours the retail segment.
The report offers a comprehensive study of the subsequent 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 Meat & Poultry Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Meat & Poultry Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Meat & Poultry Market - Industry Life Cycle |
3.4 Bangladesh Meat & Poultry Market - Porter's Five Forces |
3.5 Bangladesh Meat & Poultry Market Revenues & Volume Share, By Poultry Type, 2021 & 2031F |
3.6 Bangladesh Meat & Poultry Market Revenues & Volume Share, By Meat Type, 2021 & 2031F |
3.7 Bangladesh Meat & Poultry Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 Bangladesh Meat & Poultry Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Meat & Poultry Market Trends |
6 Bangladesh Meat & Poultry Market, By Types |
6.1 Bangladesh Meat & Poultry Market, By Poultry Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Meat & Poultry Market Revenues & Volume, By Poultry Type, 2021 - 2031F |
6.1.3 Bangladesh Meat & Poultry Market Revenues & Volume, By Chicken, 2021 - 2031F |
6.1.4 Bangladesh Meat & Poultry Market Revenues & Volume, By Turkey, 2021 - 2031F |
6.1.5 Bangladesh Meat & Poultry Market Revenues & Volume, By Ducks , 2021 - 2031F |
6.1.6 Bangladesh Meat & Poultry Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Bangladesh Meat & Poultry Market, By Meat Type |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Meat & Poultry Market Revenues & Volume, By Pork, 2021 - 2031F |
6.2.3 Bangladesh Meat & Poultry Market Revenues & Volume, By Mutton, 2021 - 2031F |
6.2.4 Bangladesh Meat & Poultry Market Revenues & Volume, By Processed Beef, 2021 - 2031F |
6.2.5 Bangladesh Meat & Poultry Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Bangladesh Meat & Poultry Market, By End-Users |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Meat & Poultry Market Revenues & Volume, By Retail, 2021 - 2031F |
6.3.3 Bangladesh Meat & Poultry Market Revenues & Volume, By Food-Services, 2021 - 2031F |
7 Bangladesh Meat & Poultry Market Import-Export Trade Statistics |
7.1 Bangladesh Meat & Poultry Market Export to Major Countries |
7.2 Bangladesh Meat & Poultry Market Imports from Major Countries |
8 Bangladesh Meat & Poultry Market Key Performance Indicators |
9 Bangladesh Meat & Poultry Market - Opportunity Assessment |
9.1 Bangladesh Meat & Poultry Market Opportunity Assessment, By Poultry Type, 2021 & 2031F |
9.2 Bangladesh Meat & Poultry Market Opportunity Assessment, By Meat Type, 2021 & 2031F |
9.3 Bangladesh Meat & Poultry Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 Bangladesh Meat & Poultry Market - Competitive Landscape |
10.1 Bangladesh Meat & Poultry Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Meat & Poultry Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |