Bangladesh Foodservice Market Size

The Bangladesh foodservice market is experiencing significant growth, with the market size expanding rapidly over the forecast period. The quick service restaurant (QSR) segment dominates the market, driven by a preference among young consumers for traditional and local fast food with healthier ingredients. The full-service restaurant (FSR) segment follows, benefiting from an increasing demand for diverse Asian cuisines, particularly Chinese. Cloud kitchens are emerging as the fastest-growing segment, fueled by the rise of online food ordering platforms. This growth trajectory reflects a dynamic shift in consumer preferences and market opportunities within the Bangladeshi foodservice industry.

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Market Size of bangladesh foodservice Industry

Bangladesh Foodservice Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 3.79 Billion
svg icon Market Size (2029) USD 7.47 Billion
svg icon Largest Share by Foodservice Type Quick Service Restaurants
svg icon CAGR (2024 - 2029) 14.50 %
svg icon Fastest Growing by Foodservice Type Cloud Kitchen

Major Players

Bangladesh Foodservice Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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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).

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

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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

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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

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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

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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

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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.

  • 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.
Bangladesh Foodservice Market

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.
Foodservice Type
Cafes & Bars
By Cuisine
Bars & Pubs
Cafes
Juice/Smoothie/Desserts Bars
Specialist Coffee & Tea Shops
Cloud Kitchen
Full Service Restaurants
By Cuisine
Asian
European
Latin American
Middle Eastern
North American
Other FSR Cuisines
Quick Service Restaurants
By Cuisine
Bakeries
Burger
Ice Cream
Meat-based Cuisines
Pizza
Other QSR Cuisines
Outlet
Chained Outlets
Independent Outlets
Location
Leisure
Lodging
Retail
Standalone
Travel
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Bangladesh Foodservice Market Size Summary

The Bangladesh foodservice market is experiencing significant growth, driven by evolving consumer preferences and the expansion of various foodservice segments. The quick service restaurant (QSR) segment dominates the market, with a notable shift towards traditional and local fast food options that emphasize healthier and high-quality ingredients. This trend is particularly evident among the youth, who show a strong preference for homegrown QSRs like Sbarro, Pizza Inn, and Nando's. The full-service restaurant (FSR) segment is also expanding rapidly, fueled by a growing demand for diverse Asian cuisines, particularly Indian, Chinese, and Japanese foods. The popularity of Chinese cuisine remains strong, supported by a substantial Chinese expatriate community in the country. Additionally, the rise of cloud kitchens, which offer a wide variety of cuisines and leverage online food ordering platforms, is reshaping the market landscape, catering to the increasing demand for convenient and diverse dining options.

The market is characterized by a competitive environment with both international and local chains vying for consumer attention. The QSR sector, in particular, is witnessing a surge in outlet numbers, with major players like KFC, Pizza Hut, and Domino's expanding their presence alongside local brands. Cafes and bars are also on the rise, reflecting a growing interest in international cuisines and beverages among the Bangladeshi population. The average order value varies across segments, with full-service restaurants commanding higher prices for premium dishes. The fragmented nature of the market sees major players like Herfy Food Service Company, Jubilant FoodWorks Limited, and PRAN-RFL Group holding a modest share, indicating opportunities for further growth and competition. As technology continues to influence consumer behavior, the integration of mobile apps and AI-driven solutions in foodservice operations is expected to enhance customer experiences and streamline service delivery.

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Bangladesh Foodservice Market Size - Table of Contents

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

    1. 1.1 Foodservice Type

      1. 1.1.1 Cafes & Bars

        1. 1.1.1.1 By Cuisine

          1. 1.1.1.1.1 Bars & Pubs

          2. 1.1.1.1.2 Cafes

          3. 1.1.1.1.3 Juice/Smoothie/Desserts Bars

          4. 1.1.1.1.4 Specialist Coffee & Tea Shops

      2. 1.1.2 Cloud Kitchen

      3. 1.1.3 Full Service Restaurants

        1. 1.1.3.1 By Cuisine

          1. 1.1.3.1.1 Asian

          2. 1.1.3.1.2 European

          3. 1.1.3.1.3 Latin American

          4. 1.1.3.1.4 Middle Eastern

          5. 1.1.3.1.5 North American

          6. 1.1.3.1.6 Other FSR Cuisines

      4. 1.1.4 Quick Service Restaurants

        1. 1.1.4.1 By Cuisine

          1. 1.1.4.1.1 Bakeries

          2. 1.1.4.1.2 Burger

          3. 1.1.4.1.3 Ice Cream

          4. 1.1.4.1.4 Meat-based Cuisines

          5. 1.1.4.1.5 Pizza

          6. 1.1.4.1.6 Other QSR Cuisines

    2. 1.2 Outlet

      1. 1.2.1 Chained Outlets

      2. 1.2.2 Independent Outlets

    3. 1.3 Location

      1. 1.3.1 Leisure

      2. 1.3.2 Lodging

      3. 1.3.3 Retail

      4. 1.3.4 Standalone

      5. 1.3.5 Travel

Bangladesh Foodservice Market Size FAQs

The Bangladesh Foodservice Market size is expected to reach USD 3.79 billion in 2024 and grow at a CAGR of 14.50% to reach USD 7.47 billion by 2029.

In 2024, the Bangladesh Foodservice Market size is expected to reach USD 3.79 billion.

Bangladesh Food Service Market Report Snapshots

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