Bangladesh Business Summit 2023 Outcome Report

Consumer Goods

Leveraging Growing Middle and Affluent Class for a Vibrant Consumer Goods Sector

March 12, 2023
12:00 PM

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

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Expected Session Guests and Speakers

tipu munshi

Chief Guest

Mr. Tipu Munshi

The Minister of Commerce

The Government of the People's Republic of Bangladesh

tapan

Session Chair

Tapan Kanti Ghosh

Senior Secretary, Ministry of Commerce

The Government of the People's Republic of Bangladesh

Nasim Manzur

Key Note Speaker

Syed Nasim Manzur

Managing Director

Apex Footwear Limited

fairoz

Key Note Speaker

M. H. M. Fairoz

Managing Director & CEO (

Singer Bangladesh Ltd

zaved akter

Key Note Speaker

Zaved Akhtar

MANAGING DIRECTOR & CEO

Unilever Bangladesh Limited

berger

Moderator

Rupali Chowdhury

Managing Director

Berger Paints

W020230101576089443323

Panelist

H.E. Mr. Yao Wen

Ambassador to Bangladesh

People's Republic of China

Hidayet-Onur-Ozden-1-1

Panelist

Hidayet Onur Özden

Chairman

Turkey-Bangladesh Business Council

rajat-diwaker

Panelist

Mr. Rajat Diwaker

Managing Director

Marico Bangladesh Limited-THE GLASS HOUSE

Mr.-Md.-Saiful-Islam

Panelist

Mr. Md. Saiful Islam

PRESIDENT

Metropolitan Chamber of Commerce and Industry (MCCI)

Naquib Khan

Panelist

Naquib khan

Corporate Affairs Director

Nestle Group(BD)

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