The global market size of the FMCG industry is expected to reach $1.54 trillion by 2025 with a CAGR of 5.4% (2018-2025). Due to the nature of the FMCG industry – characterized by low margins and high sales volumes—the industry is most likely to benefit from increasing its customer base, which will lead to greater sales. In this respect, Bangladesh stands as an unexplored goldmine. Consumption expenditure clocked in at 97% of national income as of 2015 and with domestic annual consumption standing at over $130 billion, the growth of the internal economy has been accelerating. As the number of people belonging to the Middle and Affluent Class (MAC) is projected to increase from 12 million–or 7% of the population–to 34 million by 2025, the strong growth of the FMCG sector will continue to sustain itself in the future. The market size of consumer goods in Bangladesh is $3.6 billion with an annual growth rate of 9%. Some of the sectors upholding this growth and have high potential are:
a. Leather & Footwear
b. Electronics & Equipment
c. Pharmaceuticals
d. Plastics
e. Agribusiness and Food Processing
Session Objectives:
• Deliberate on the rapidly rising domestic consumer goods market in Bangladesh and the opportunities it brings for enhanced investment and trade.
• Discuss the potential and opportunities in key domestic sectors, including Leather and Footwear, Electronics and Equipment, Pharmaceuticals, Plastics and Agribusiness and Food Processing.
BANGLADESH TO BE 9TH LARGEST CONSUMER MARKET BY 2030