Bangladesh Ready Meals Market (2022-2028) | Outlook, Forecast, Analysis, Revenue, Growth, Industry, Size, Share, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Application (Restaurants, Hotels, Corporate, Household, Others), By Distribution Channel (Online Stores, Offline Stores) And Competitive Landscape

Product Code: ETC428188 Publication Date: Nov 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Bangladesh Ready Meals Market Synopsis

Bangladesh Ready Meals Market is projected to grow in the forthcoming years owing to the growing preference for convenience foods which requires less time and efforts to cook. In addition, the market is driven by growing consumer demand for affordable food options and increasing working population. Moreover, the growing preference for ready meals by the working individuals and students has increasing the demand for Bangladesh Ready Meals Market during the forecast period. Furthermore, individuals gain access to smartphones and other electronic devices by which they are adopting ready meals as an affordable way to enjoy tasty food without having to spend hours cooking. However, the presence of counterfeit products and the negative effects of pertaining these food products are restraining the Bangladesh Ready Meals Market growth.

According to 6Wresearch, Bangladesh Ready Meals Market is expected to grow during 2022-2028. The Bangladesh Ready Meals Market is significantly growing industry on the account of increasing demand for ready meals and busy lifestyle of working individuals. Moreover, there is also an increasing trend towards healthy eating among consumers in Bangladesh. The government has introduced several initiatives to promote the market for ready meals which has increased the availability of ready meals across the country. However, lack of consistent quality control measures, and excessive amounts of salt or sugar are restraining the Bangladesh Ready Meals Market size to expand further.

Impact of COVID-19 on Bangladesh Ready Meals Market

With the outburst of COVID-19, various industries have been facing troubles in order to grow. However, the Bangladesh Ready Meals Market which is a part of Asia-Pacific Ready Meals Market has witnessed a rise in demand on the back of growing adoption of ready to eat meals due to surge in remote work and the need of instant meals which requires less time to cook and is healthy. Many businesses have shifted towards the trend of work from home by which people were looking out for the easy to cook food options to save their time.

Market analysis based on Application

Based on Application, the market is segmented into Restaurants, Hotels, Corporate, Household, Others. The household segment is expected to be the largest in the upcoming years owing to the increasing demand for ready to eat food.

Market analysis based on Distribution Channel

Based on Distribution Channel, the Bangladesh Ready Meals Market is bifurcated into online and offline stores. The online stores are dominating the Bangladesh Ready Meals Market share during the forecast period on the back of increasing Internet penetration and growing use of smart phones among consumers whereas offline stores are expected to remain the largest growing segment due to the easy accessibility of ready meals.

Competitive Landscape

Bangladesh Ready Meals Market is expected to grow at a CAGR of XX% during the forecast period. The market is fragmented with several small players competing for market share. Major companies are focusing on catering to consumers who want quick and easy meal options that are also nutritious and healthy. However, the entry of new players and increasing popularity of ready meals are expected to drive the market in the coming years. The dominant segments are fast food and institutional catering. The fast-food segment is anticipated to grow faster than the institutional catering segment due to increasing preference for easy to cook food options among individuals. There are several companies that produce ready meals in Bangladesh. Those companies offer different types of meals, including breakfast, dinner, and snacks.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Bangladesh Ready Meals Market Outlook
  • Market Size of Bangladesh Ready Meals Market, 2021
  • Forecast of Bangladesh Ready Meals Market, 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Revenues & Volume for the Period 2018 - 2028
  • Bangladesh Ready Meals Market Trend Evolution
  • Bangladesh Ready Meals Market Drivers and Challenges
  • Bangladesh Ready Meals Price Trends
  • Bangladesh Ready Meals Porter's Five Forces
  • Bangladesh Ready Meals Industry Life Cycle
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Application for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Restaurants for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Hotels for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Corporate for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Household for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Others for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Distribution Channel for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Online Stores for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Ready Meals Market Revenues & Volume By Offline Stores for the Period 2018 - 2028
  • Bangladesh Ready Meals Import Export Trade Statistics
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Distribution Channel
  • Bangladesh Ready Meals Top Companies Market Share
  • Bangladesh Ready Meals Competitive Benchmarking By Technical and Operational Parameters
  • Bangladesh Ready Meals Company Profiles
  • Bangladesh Ready Meals Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Application

  • Restaurants
  • Hotels
  • Corporate
  • Household
  • Others

By Distribution Channel

  • Online Stores
  • Offline Stores

Frequently Asked Questions About the Market Study: FAQs

1. What are the growth factors of Bangladesh Ready Meals Market?

Increasing preference for convenience food which requires less time and efforts and affordable nature of these food items are the major growth factors of this market.

2. Among whom the preference for ready meals has increased?

The preference for ready meals has increased among working population and students.

3. What hampers the Bangladesh Ready Meals Market growth?

The increasing awareness of health-related concerns and negative effects of consuming these meals among the consumers are hampering the growth of this market.

4. What is the study period of this report?

The study period of this report is 2022-2028. 

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 Ready Meals Market Overview

3.1 Bangladesh Country Macro Economic Indicators

3.2 Bangladesh Ready Meals Market Revenues & Volume, 2021 & 2028F

3.3 Bangladesh Ready Meals Market - Industry Life Cycle

3.4 Bangladesh Ready Meals Market - Porter's Five Forces

3.5 Bangladesh Ready Meals Market Revenues & Volume Share, By Application, 2021 & 2028F

3.6 Bangladesh Ready Meals Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F

4 Bangladesh Ready Meals Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Bangladesh Ready Meals Market Trends

6 Bangladesh Ready Meals Market, By Types

6.1 Bangladesh Ready Meals Market, By Application

6.1.1 Overview and Analysis

6.1.2 Bangladesh Ready Meals Market Revenues & Volume, By Application, 2018 - 2028F

6.1.3 Bangladesh Ready Meals Market Revenues & Volume, By Restaurants, 2018 - 2028F

6.1.4 Bangladesh Ready Meals Market Revenues & Volume, By Hotels, 2018 - 2028F

6.1.5 Bangladesh Ready Meals Market Revenues & Volume, By Corporate, 2018 - 2028F

6.1.6 Bangladesh Ready Meals Market Revenues & Volume, By Household, 2018 - 2028F

6.1.7 Bangladesh Ready Meals Market Revenues & Volume, By Others, 2018 - 2028F

6.2 Bangladesh Ready Meals Market, By Distribution Channel

6.2.1 Overview and Analysis

6.2.2 Bangladesh Ready Meals Market Revenues & Volume, By Online Stores, 2018 - 2028F

6.2.3 Bangladesh Ready Meals Market Revenues & Volume, By Offline Stores, 2018 - 2028F

7 Bangladesh Ready Meals Market Import-Export Trade Statistics

7.1 Bangladesh Ready Meals Market Export to Major Countries

7.2 Bangladesh Ready Meals Market Imports from Major Countries

8 Bangladesh Ready Meals Market Key Performance Indicators

9 Bangladesh Ready Meals Market - Opportunity Assessment

9.1 Bangladesh Ready Meals Market Opportunity Assessment, By Application, 2021 & 2028F

9.2 Bangladesh Ready Meals Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F

10 Bangladesh Ready Meals Market - Competitive Landscape

10.1 Bangladesh Ready Meals Market Revenue Share, By Companies, 2021

10.2 Bangladesh Ready Meals Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

 
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