Bangladesh Rice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Bangladesh rice market is segmented by Type into Regular rice and Aromatic Rice; by Distribution into Supermarket/Hypermarket, Convenience Store, Online Channel, Municipal Corporation Store and Road Side Shops.

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

CAGR:

4.1 %

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Market Overview

The Bangladesh rice market is projected to reach a value of 33 million USD by 2025  registering a CAGR of 4.1% during the forecast period.

  • Rice being the staple food of Bangladesh population, it has a huge demand in the country. This leads to the increased imports of the country from other rice producing countries.
  • India, China and Pakisthan are the major exporters to Bangladesh. The liberalisation of import duties by the government will give a clear picture of the demand-supply gap in the country.
  • The Bangladesh market is dominated by domestic players, they are supported by strong distribution channels such as local retail stores, supermarkets etc. 

Scope of the Report

The Bangladesh rice market is segmented by Type into Regular rice and Aromatic Rice. By Distribution channels the market is segmented into Supermarket/Hypermarket, Convenience Store, Online Channel, Municipal Corporation Store and Road Side Shops.

By Product Type
Regular
Aromatic
By Distribution Channel
Roadsided Stores
Municipal Corporation Markets
Convenience stores
Hypermarket/Supermarket
Online Channel

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Key Market Trends

Growing Population and Increase in Disposable Income

According to the World Bank survey Bangladesh population in 2016 is 162.95 million growing at a rate of 1.09%. The rapidly growing population is the major factor driving the market. The consumption rate of rice in Bangladesh is also increasing year by year. The consumption rate in 2016 was 36.3 million metric ton and is expected to reach 39.7 million metric ton. The specialty rice segment is also increasing at a better pace owing to the increasing disposable income and living standards of the population. The disposible income of the population is also increasing year to year. The per capita disposable income of Bangladesh population in 2016 was 697.73 USD.

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Regular Rice Dominates The Market

Bangladesh rice market is operated by both government and private sector players. The government is bringing various policies and interventions inorder to achieve the self sufficinecy. Regular rice occupies the major share in the Bangladesh rice market, since Aromatic rice is costly and is mainly preferred by the higher economic class. Under the Public Food-grain Distribution System, the government distributes rice both through monetized channels (like the Open Market Sales Program) and through non‐monetized (targeted) channels (such as Food‐for‐Work, the Vulnerable Groups Development Program, and a number of smaller programs).For regular consumption, local varieties, such as Kataribhog, Kataktara, Banshful, Bau-pagal, and Nizershail are preferred. 

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Competitive Landscape

The  Bangladesh rice market is fragmented.Among types, regular rice is the most preferred by consumers, when compared to the aromatic type of rice. Domestic players hold major share in the market.The new entrants in the market should mainly focus on increasing their share in the aromatic rice segment in the country. The prominent players in the market are Alin, ACI Ltd, Pran, Square Food and beverges, Ovijat Foods, Agro organica, ovijat Foods among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Research Phases

    2. 1.2 Study Deliverables

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Regular

      2. 5.1.2 Aromatic

    2. 5.2 By Distribution Channel

      1. 5.2.1 Roadsided Stores

      2. 5.2.2 Municipal Corporation Markets

      3. 5.2.3 Convenience stores

      4. 5.2.4 Hypermarket/Supermarket

      5. 5.2.5 Online Channel

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies adopted by Key players

    2. 6.2 Most Active Companies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Alin

      2. 6.4.2 Pran

      3. 6.4.3 Square Food and beverges

      4. 6.4.4 Ovijat Foods

      5. 6.4.5 Agro organica

      6. 6.4.6 ACI Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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