Bangladesh Foodservice Market Size

Bangladesh Foodservice Market Analysis

The Bangladesh Foodservice Market size is estimated at 3.79 billion USD in 2024, and is expected to reach 7.47 billion USD by 2029, growing at a CAGR of 14.50% during the forecast period (2024-2029).

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3.79 Billion

Market Size in 2024 (USD)

7.47 Billion

Market Size in 2029 (USD)

4.62 %

CAGR (2017-2023)

14.50 %

CAGR (2024-2029)

Largest Segment by Foodservice Type

47.73 %

value share, Quick Service Restaurants, 2023

An increase in disposable income, a shift in consumer behavior toward eating out, and affordable, convenient, and fast-paced dining options are helping the growth of QSRs.

Largest Segment by Outlet Type

62.33 %

value share, Independent Outlets, 2023

Affordability, convenience, and ability to cater to local tastes and preferences are expected to continue making independent outlets a crucial part of the foodservice industry.

Fastest-growing segment by Foodservice Type

18.76 %

Projected CAGR, Cloud Kitchen, 2024-2029

With a vibrant atmosphere, innovative menus, and personalized service, cafes and bars are the go-to destinations for dining and entertainment, thus promoting the fastest growth.

Fastest-growing segment by Outlet Type

14.74 %

Projected CAGR, Chained Outlets, 2024-2029

Consistent quality and value for money are increasing consumer interest in the chained outlet segment, thus making it the fastest-growing segment.

Leading Market Player

1.75 %

market share, Jubilant FoodWorks Limited, 2022

Jubilant Foodworks Ltd has the right to operate the Domino's Pizza brand in the country. There are currently 17 Domino's Pizza outlets in Bangladesh that offer a wide range of pizzas.

Local fast-food chains with healthier and high-quality ingredients are gaining popularity in Bangladesh.

Bangladesh Foodservice Industry Segmentation

Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants are covered as segments by Foodservice Type. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location.

• The quick service restaurant (QSR) segment holds the major share of the market and is projected to register a CAGR of 1.57% in the study period. In Bangladesh, quick independent services are expanding as young consumers prefer traditional and local fast food with healthier and high-quality ingredients. The prevalence of fast-food consumption is 68.1% among college-going youth in Bangladesh. Homegrown QSRs in Bangladesh that are rapidly expanding, such as Sbarro, Pizza Inn, and Nando's, have increased the demand for QSRs to expand their delivery capabilities and reach more customers.
• FSR holds the second-largest market share and is the fastest-growing foodservice type segment. It is projected to register a CAGR of 13.01% by value in the forecast period. As the demand for gastronomic diversity in the nation has increased, Asian cuisines have gained favor. Indian, Chinese, and Japanese food are the most widely consumed cuisines in the nation. Chinese cuisine has remained a favorite among all other Asian cuisines since there is still a desire for classic Cantonese and Taiwanese food options in upmarket restaurants. Additionally, over 98,000 Chinese citizens and nationals live in Bangladesh, making the cuisine popular with a significant share of the population.
• Cloud kitchens are the fastest-growing segment in the market, projected to register a CAGR of 18.24% by value in the forecast period. Cloud kitchens offer a wide variety of cuisine options to cater to the diverse tastes of Bangladeshi consumers. The growth of cloud kitchens in Bangladesh can be attributed to the rising popularity of online food ordering platforms such as UberEats, which has about 250 restaurants as partners, and Shohoz Food, which has signed contracts with more than 1,400 restaurants.