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Bangladesh Foodservice Market Trends

Statistics for the 2023 & 2024 Bangladesh Foodservice market trends, created by Mordor Intelligence™ Industry Reports. Bangladesh Foodservice trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of bangladesh foodservice Industry

The Bangladeshi QSR industry is expected to record a CAGR Of 7.03%, driven by increasing disposable incomes and the growing popularity of Western culture

  • Cloud kitchen outlets are the fastest-growing segment in terms of outlets, projected to register a CAGR of 8.45% in the forecast period. AI and ML technologies can be used to analyze customer data, predict demand, and optimize food preparation processes. FoodPanda Bangladesh launched cloud kitchens across five zones with 50 kitchen stalls in Dhaka city and launched 30 kitchens across the country in December 2020, with close to 400 kitchen stalls. AI-powered chatbots can assist by handling customer queries, while ML algorithms can suggest personalized food recommendations based on a customer's previous orders.
  • From 2020 to 2022, the number of quick service restaurant outlets in Bangladesh registered a CAGR of 7.03%. Traditional fast food is a highly competitive market. Popular quick service restaurant chains in Bangladesh include KFC with 28 outlets, Pizza Hut with 17 outlets, and Domino's Pizza with 14 outlets, as well as local brands such as Nando's, The Manhattan Fish Market, and BFC. Several QSR chains have also been expanding their presence in the country by opening new outlets in both urban and suburban areas. Fast food in Bangladesh is a diverse and growing industry, with both international and local chains catering to a variety of tastes and preferences by offering items such as burgers, shawarma, pizza, and fried chicken. Cafes and bars are one of the fastest-growing foodservice type segments in terms of the number of outlets in the country. It is projected to register a CAGR of 3.71% in the forecast period. As international travel and exposure to global trends have increased, people in Bangladesh have become more interested in trying new foods and drinks, leading to an increase in demand for cafes offering international cuisines. Bangladesh's domestic tourist numbers surpassed two crores in 2022.
Bangladesh Foodservice Market

Indian cuisine gaining traction in Bangladesh, with naan and chicken 65 among the most popular dishes

  • The average order value in the Bangladeshi foodservice market was observed to be the highest among full service restaurants in 2022 compared to other foodservice types, amounting to USD 10.84. Many full service restaurants in Bangladesh are now offering mobile apps for their customers. These apps allow customers to browse the menu, place orders, and pay for their meals seamlessly. Popular dishes offered by the FSR outlets are chilli crab and fish curry, priced at USD 20.3 and USD 14.3 per 300 grams, respectively.
  • The average order value in the cloud kitchen segment was USD 8.16 in 2022. The growth of cloud kitchens in Bangladesh is in line with the increasing popularity of food delivery platforms such as Foodpanda, HungryNaki, and Pathao Food. These platforms allow customers to order food online and have it delivered to their doorstep. As more people turn to online food delivery, there is a growing demand for cloud kitchens. Several cloud kitchen startups have emerged in Bangladesh in recent years, including HungryNaki Kitchen contracts with more than 2,500 restaurants and FoodPanda contracts with around 4,000 restaurants. These startups are leveraging technology to optimize their operations and provide a seamless online ordering and delivery experience for customers.
  • Asian cuisine is the most popular in the country and held a significant market share in 2022. The most popular dishes of Asian cuisines in the country are Indian, Chinese, Japanese, and Thai. Indian cuisine is characterized mainly by the northern Indian approach, featuring Indian curries and bread. Thus, a large FSR industry offers Indian cuisines in the country, which includes popular dishes like Naan and Chicken 65 that cost USD 5.12 per piece and USD 12 per 300 grams, respectively, in 2022.
Bangladesh Foodservice Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Bangladesh Foodservice Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Number Of Outlets

    2. 4.2 Average Order Value

    3. 4.3 Regulatory Framework

      1. 4.3.1 Bangladesh

    4. 4.4 Menu Analysis

  5. 5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 5.1 Foodservice Type

      1. 5.1.1 Cafes & Bars

        1. 5.1.1.1 By Cuisine

          1. 5.1.1.1.1 Bars & Pubs

          2. 5.1.1.1.2 Cafes

          3. 5.1.1.1.3 Juice/Smoothie/Desserts Bars

          4. 5.1.1.1.4 Specialist Coffee & Tea Shops

      2. 5.1.2 Cloud Kitchen

      3. 5.1.3 Full Service Restaurants

        1. 5.1.3.1 By Cuisine

          1. 5.1.3.1.1 Asian

          2. 5.1.3.1.2 European

          3. 5.1.3.1.3 Latin American

          4. 5.1.3.1.4 Middle Eastern

          5. 5.1.3.1.5 North American

          6. 5.1.3.1.6 Other FSR Cuisines

      4. 5.1.4 Quick Service Restaurants

        1. 5.1.4.1 By Cuisine

          1. 5.1.4.1.1 Bakeries

          2. 5.1.4.1.2 Burger

          3. 5.1.4.1.3 Ice Cream

          4. 5.1.4.1.4 Meat-based Cuisines

          5. 5.1.4.1.5 Pizza

          6. 5.1.4.1.6 Other QSR Cuisines

    2. 5.2 Outlet

      1. 5.2.1 Chained Outlets

      2. 5.2.2 Independent Outlets

    3. 5.3 Location

      1. 5.3.1 Leisure

      2. 5.3.2 Lodging

      3. 5.3.3 Retail

      4. 5.3.4 Standalone

      5. 5.3.5 Travel

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Company Landscape

    3. 6.3 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 6.3.1 Chillox

      2. 6.3.2 CP Bangladesh Co. Ltd (CPB)

      3. 6.3.3 Herfy Food Service Company

      4. 6.3.4 Jubilant FoodWorks Limited

      5. 6.3.5 Peyala Cafe

      6. 6.3.6 PRAN-RFL Group

      7. 6.3.7 The Manhattan Fish Market

      8. 6.3.8 Tiffin Box Ltd

      9. 6.3.9 Transcom Foods Limited

  7. 7. KEY STRATEGIC QUESTIONS FOR FOODSERVICE CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

Bangladesh Food Service Market Report Snapshots

Bangladesh Foodservice Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029