Food Processing Industries in Bangladesh Report 2013
Report Highlights:
The food processing sector in Bangladesh is a $2.2 billion industry that grew on average 7.7 percent per annum between fiscal years 2004/05 and 2010/11, responding to growth of the Bangladeshi middle class over the same period. The beverage industry more than doubled during the same period to $29 million, showing an average growth rate exceeding 8 percent per annum. Though small in relation to population, the food processing sector is thus growing rapidly.
Executive Summary:
Though classified as a low-income country, Bangladesh is growing fast and aspires to middle-income status by 2021, the 50th anniversary of its independence. With economic growth of 8 percent per annum, the $2.2 billion food processing sector in Bangladesh grew on average 7.7 percent per annum between fiscal years 2004/05 and 2010/11, responding to growth of the Bangladeshi middle class over the same period. The beverage industry more than doubled during the same period to $29 million, showing an average growth rate exceeding 8 percent per annum. Demand for processed foods and beverages arises primarily from Bangladesh’s growing middle class population of over 30 million, of which 1.5 million reside in Dhaka. Thus, though the sector is small relative to population size, the food processing sector is growing rapidly with prospects for continued growth as Bangladesh’s GDP continues to grow.
