In 2022, staple foods is no longer feeling the negative impact of the COVID-19 pandemic, however, the industry now faces new challenges due to the global inflation and fuel shortages. Despite this affecting consumers to economise, the category will perform better than in 2020 and 2021 due to the recovery of the pandemic.
In 2022, the COVID-19 pandemic is having less of an impact on staple foods in Bangladesh which is having a positive impact on demand as consumers return to normal. The full reopening of the foodservice industry is especially having a positive impact for on-trade sales.
Most people eat three meals a day, which includes breakfast, lunch and dinner, taking breakfast at around 08.00hrs, lunch at around 14.
In 2022, the country has been plunged into a state of panic due to the inflation rates and rising cost of living. However, staple foods are regarded as a necessity among most consumers, which means rather than cutting out items, consumers have become more conscious of their spending and are more inclined to downgrade or limit consumption.
Most consumers still use traditional grocery retailers, outdoor markets and street vendors for their food shopping, with many lacking access to modern grocery retailers. Even in the capital city of Dhaka, most people still use traditional grocery retailers.
Over the forecast period, inflation is set to continue which will continue to place pressure on the average household incomes. However, as staple food is largely regarded as essential products in Bangladesh, demand will continue, just as consumers will be more conscious with their spending.
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Understand the latest market trends and future growth opportunities for the Staple Foods 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 Staple Foods 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.
NOTE: Couscous, polenta and quinoa are excluded from staple foods.See All of Our Definitions
This report originates from Passport, our Staple Foods research and analysis database.
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