Bangladesh Retail Market (2023-2029) Outlook | Companies, Forecast, COVID-19 IMPACT, Growth, Industry, Size, Trends, Share, Analysis, Revenue & Value

Bangladesh Retail Market Highlights

Report Name	Bangladesh Retail Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth rate	XXXX
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Product, By Distribution Channel
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the Bangladesh Retail Market

Bangladesh Retail Market report thoroughly covers the market by product and by distribution channel. The market outlook 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 Retail Market Synopsis

Bangladesh Retail Market is a dynamic and enormously growing sector. The retail landscape in the country is diverse, comprising traditional markets, shopping malls, and an expanding e-commerce sector. Consumer preferences in Bangladesh vary widely. While there is a strong demand for fast-moving consumer goods (FMCG), there is also a growing interest in lifestyle products and other consumer durables. In recent years, there has been a tremendous surge in e-commerce activities, especially among the urban youth and tech-savvy population. The government of Bangladesh has introduced policies and schemes to support and regulate the retail sector with the aim of creating an enabling environment for retailers and promoting responsible business practices.

According to 6Wresearch, the Bangladesh Retail Market is projected to grow during the forecast period of 2023-2029. The expansion of the middle class in Bangladesh has increased consumer spending power, driving retail sales across several sectors. Moreover, the rise of e-commerce platforms and digital payment systems has made it convenient for consumers to shop online, contributing to the Bangladesh Retail Market Growth. Urbanization has led to the development of shopping malls and convenience stores, making retail more accessible to urban consumers. However, there are several challenges exist in the market. For instance, inadequate infrastructure, and intense competition with both local and international players vying for market share. Nevertheless, the growth of online shopping is expected to continue, with more consumers opting for the convenience of digital retail. Moreover, retailers are adopting omnichannel strategies, combining physical stores with online platforms to provide a unified shopping experience. There is untapped potential in rural markets, where access to modern retail is still limited. Furthermore, Bangladesh is experiencing a growing interest from international retailers looking to establish a presence in the market.

Government policies and schemes introduced in the Bangladesh Retail Market 

The government of Bangladesh has implemented several policies to facilitate the growth of the retail sector. One such policy is the National Retail Policy which aimed to improve market infrastructure and create a favorable business environment for retailers. Another policy is the Digital Commerce Policy which focuses on regulating e-commerce and digital transactions, ensuring consumer protection, and promoting the growth of online retail. Moreover, the Value Added Tax (VAT) Reduction is also implemented by the government of Bangladesh to stimulate consumer spending and boost retail sales.

The Impact of COVID-19 on the Bangladesh Retail Market

The COVID-19 pandemic had a significant impact on the retail market in Bangladesh which is also a major part of the Asia Pacific Retail Market. With physical stores temporarily closing or operating with restrictions, there was a surge in online shopping, prompting many retailers to enhance their e-commerce capabilities. Also, the COVID-19 pandemic accelerated the adoption of e-commerce in Bangladesh, with increased investments in logistics and last-mile delivery services. In addition, lockdowns and restrictions disrupted supply chains, leading to shortages of certain products and delays in restocking. Moreover, consumers shifted their spending patterns towards essential items instead of buying non-essentials. 

Leading players in the Bangladesh Retail Market

The Bangladesh Retail Industry is one of the prominent industries with the presence of several key players vying for market share. Some of the leading players in the market include;

• Bashundhara City Shopping Mall
• Rahimafrooz Superstores Ltd. (Agora)
• Shwapno
• Grameen UNIQLO
• Aarong 

Market analysis by Distribution Channel

According to Shivankar, Research Manager, 6Wresearch, the Supermarkets/Hypermarkets are expected to dominate the Bangladesh Retail Market Share as these are large-format stores that offer a wide variety of products under one roof. The growth of these channels is driven by the expansion of these stores and consumer preference for one-stop shopping.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Retail Market Outlook
• Market Size of Bangladesh Retail Market, 2022
• Forecast of Bangladesh Retail Market, 2029
• Historical Data and Forecast of Bangladesh Retail Revenues & Volume for the Period 2019 - 2029
• Bangladesh Retail Market Trend Evolution
• Bangladesh Retail Market Drivers and Challenges
• Bangladesh Retail Price Trends
• Bangladesh Retail Porter's Five Forces
• Bangladesh Retail Industry Life Cycle
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Product for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Food and Beverages for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Personal and Household Care for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Apparel for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Footwear and Accessories for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Furniture for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Toys for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Electronic and Household Appliances for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Food and Beverages Retail Market Revenues & Volume By Other Products for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Convenience Stores for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Department Stores for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Specialty Stores for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Online for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Retail Market Revenues & Volume By Other Distribution Channels for the Period 2019 - 2029
• Bangladesh Retail Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Distribution Channel
• Bangladesh Retail Top Companies Market Share
• Bangladesh Retail Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Retail Company Profiles
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• Bangladesh Retail Key Strategic Recommendations

Market Covered

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

By Product

• Food And Beverages
• Personal And Household Care
• Apparel
• Footwear And Accessories
• Furniture
• Toys
• Electronic And Household Appliances
• Other Products

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Department Stores
• Specialty Stores
• Online
• Other Distribution Channels