Bangladesh Sugar Market Size, Share, Opportunities, And Trends By Type (White Sugar, Brown Sugar, Confectioner Sugar, Cane Sugar, Others), By Crop (Sugarcane, Sugar beets), By Form (Liquid, Solid), By Distribution Channel (Online, Offline), By Application (Preservative, Texture Modifier, Sweetener, Flavoring & Coloring Agent, Bulking Agent, Others), And By Industry Vertical (Food & Beverage, Pharmaceutical) - Forecasts From 2024 To 2029

The Bangladesh sugar market is expected to experience a CAGR of 2.43% throughout the forecast period, with a valuation of US$2,008.790 million in 2022, and reaching a market size of US$2,376.338 million by 2029.

The demand for sugar and products containing sugar is predicted to rise as a result of economic progress, shifting consumer tastes, and a continually growing population, which in turn fuels the sugar market in Bangladesh. Additionally, many companies have installed sugar mills to increase the productivity of sugar in the nation. For instance, BSFIC had set a target for nine sugar mills to produce 52,945.00 MT of sugar in the Financial Year 2022–2023, and as of February 2023, 21,313.00 MT of sugar had been produced. In partnership with Bangladesh Sugar Crop Research Institute (BSRI), high-quality sugarcane seed production operations have been launched to boost sugarcane output at the nine sugar mills that are part of Bangladesh Sugar and Food Industry Corporation. Access to Information (A2I) has made it possible to effectively implement E-Purji, Online Purji, Gazette, and E-Payment systems for sugar mill farmers under Bangladesh Sugar and Food Industries Corporation. Further, Bangladesh is reliant on India for a guaranteed supply of seven basic commodities: wheat, rice, lentils, sugar, onion, garlic, and ginger. Bangladesh's commerce minister, Tipu Munshi, requested a secure supply from his Indian counterpart, Piyush Goyal, before the scheduled G20 Commerce and Investment Ministers' meeting in Jaipur, India, on August 2023

Expansion of the food industry is anticipated to upsurge the market.

Bangladesh's food and beverage sector growth directly and significantly affects the nation's sugar market. Sugar is increasingly needed as a main component due to the growing demand for a variety of sweetened items, such as drinks, confections, and processed meals. The food and beverage industry adjusts to changing customer tastes and the pace of urbanization by launching novel and inventive sugar-based products to satisfy consumer demand. The demand for sugar is greatly impacted by this explosion in product diversity and consumption habits, which in turn shapes the sugar industry's growth trajectory. As per the USDA, the imports of food goods targeted toward consumers grew from $1.5 billion in 2018 to $2 billion in 2022 in Bangladesh. In 2022, the US ranked Bangladesh as the 17th-largest provider of goods geared towards consumers. In 2023, barely 1% of all agricultural exports from the United States to Bangladesh were consumer goods.

There were 436,274 hotels and restaurants in Bangladesh in 2021; of these, 80% were tea stalls, and 15% were fast food restaurants, according to USDA. In 2023, the GDP contribution from hotels and food services grew at a faster pace of 5.89 percent compared to 2022. There are over 700 food processing businesses in Bangladesh. Bangladesh's $8 billion food processing industry expanded at an average annual rate of 8%., from 2005 through 2022. The contemporary food retail sector in Bangladesh has around fifty businesses with over 250 outlets. The Bangladesh Supermarket Owners Association's members' yearly revenue increased from about $200 million to $300 million between 2015 and 2022. Bangladesh imported $12 million worth of consumer-oriented food from the US in the calendar year 2021, an increase of 11% from 2020. The middle class is becoming more affluent, which is driving up the demand for imported food. The food sector is, nonetheless, extremely competitive due to the growth of local processed food firms and customer demand for high-quality, reasonably priced goods. Opportunities for consumer-oriented goods in the food processing, modern retail, hotel, restaurant, and institutional sectors are growing due to the shifting dynamics of the Bangladeshi market

Bangladesh Sugar Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$2,008.790 million
Market Size Value in 2029	US$2,376.338 million
Growth Rate	CAGR of 2.43% from 2022 to 2029
Base Year	2022
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Million
Segments Covered	Type Crop Form Distribution Channel Application Industry Vertical
Companies Covered	Joypurhat Sugar Mill's Limited Deshbandhu Sugar Limited City Sugar Meghna Group of Industries
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Type:
  • White Sugar
  • Brown Sugar
  • Confectioner Sugar
  • Cane Sugar
  • Others
• By Crop:
  • Sugarcane
  • Sugar Beets
• By Form:
  • Liquid
  • Solid
• By Distribution Channel:
  • Online
  • Offline
• By Application:
  • Preservative
  • Texture Modifier
  • Sweetener
  • Flavoring & Coloring Agent
  • Bulking Agent
  • Others
• By Industry Vertical:
  • Food & Beverage
  • Pharmaceutical

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key benefits to the stakeholder

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. BANGLADESH SUGAR MARKET BY TYPE 

5.1. Introduction

5.2. White Sugar

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.3. Brown Sugar

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.4. Confectioner Sugar

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.5. Cane Sugar

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.6. Others

5.6.1. Market Trends and Opportunities

5.6.2. Growth Prospects

6. BANGLADESH SUGAR MARKET BY CROP

6.1. Introduction

6.2. Sugarcane

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.3. Sugar Beets

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

7. BANGLADESH SUGAR MARKET BY FORM

7.1. Introduction

7.2. Liquid

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.3. Solid

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

8. BANGLADESH SUGAR MARKET BY DISTRIBUTION CHANNEL

8.1. Introduction

8.2. Online

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.3. Offline

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

9. BANGLADESH SUGAR MARKET BY APPLICATION

9.1. Introduction

9.2. Preservative

9.2.1. Market Trends and Opportunities

9.2.2. Growth Prospects

9.3. Texture Modifier

9.3.1. Market Trends and Opportunities

9.3.2. Growth Prospects

9.4. Sweetener

9.4.1. Market Trends and Opportunities

9.4.2. Growth Prospects

9.5. Flavoring & Coloring Agent

9.5.1. Market Trends and Opportunities

9.5.2. Growth Prospects

9.6. Bulking Agent

9.6.1. Market Trends and Opportunities

9.6.2. Growth Prospects

9.7. Others

9.7.1. Market Trends and Opportunities

9.7.2. Growth Prospects

10. BANGLADESH SUGAR MARKET BY INDUSTRY VERTICAL

10.1. Introduction

10.2. Food & Beverage

10.2.1. Market Trends and Opportunities

10.2.2. Growth Prospects

10.3. Pharmaceutical

10.3.1. Market Trends and Opportunities

10.3.2. Growth Prospects

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisition, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. Joypurhat Sugar Mill's Limited

12.2. Deshbandhu Sugar Limited

12.3. City Sugar

12.4. Meghna Group of Industries

Joypurhat Sugar Mill's Limited

Deshbandhu Sugar Limited

City Sugar

Meghna Group of Industries