In 2022, cooking ingredients and meals will continue to witness strong price hikes due to the rapidly growing cost of raw materials. As a result, many consumers, especially lower-income households, are cutting back on their expenditure and switching to lower-priced products where possible.
Since the outbreak of COVID.19 in 2020, the price of cooking ingredients has notably increased, and this trend continues in 2022.
Most products within cooking ingredients are regarded as an essential item in Bangladesh, except for soup. Most people eat three meals a day, which includes breakfast, lunch and dinner, taking breakfast at around 08.
In 2022, the economic conditions are very challenging for the majority of consumers as the prices of necessity products have gone up between 40% to 100%. However, the demand for some cooking ingredients have actually increased as more consumers are not eating at home more often, as dining out has become more expensive.
Depending on the product, sales are either higher in the foodservice or the retail industry. For example, edible oils are more popular from retail, as home cooking is common in Bangladesh, and many use soy oil to cook with.
Demand for cooking ingredients and meals is expected to grow over the forecast period as demand is developing in more rural areas. Availability and product variety will also impact sales and demand growth with some products such as sauces, dressings and condiments or spreads becoming more widely available to rural households.
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Bangladesh with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Bangladesh, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!