In 2023, snacks sales completely recovered from the impact of COVID-19 pandemic but faced a new set of challenges, namely inflation. Global inflation and currency depreciation caused prices to skyrocket.
In 2023, snacks is Bangladesh is being negatively impacted by global inflation. Namely, due to the US dollar becoming too strong against the local currency, the dollar shortage is high.
Most people eat three meals a day, which includes breakfast, lunch, and dinner, taking breakfast at around 08.00hrs, lunch at around 14.
In 2023, global inflation has resulted in higher prices, which means import costs have also risen significantly, making international products even more expensive. In contrast, wages have not risen which means many households are economising across the country.
Sales of packaged snacks are mostly accounted for by the retail channel, with foodservice only having a stronger presence in ice cream.
The high inflation prices of products, raw materials, and importing costs will continue to rise at the beginning of the forecast period. As a result, consumers will continue to limit their spending on snacks as their household incomes no longer permit unessential items.
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Understand the latest market trends and future growth opportunities for the Snacks 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 Snacks 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.
This report originates from Passport, our Snacks research and analysis database.
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