The bakery and confectionery industry in Bangladesh has witnessed significant growth over the past few decades. Let’s delve into the details:
Historical Background
Early Beginnings: Baking dates back to the Roman Empire, where it gained prominence as a respectable occupation around 300 BC. European and East Asian cultures also embraced baking over time.
British Influence: During British rule, traditional cakes (known as “pitha” in Bangladeshi cuisine) were significant. The Prince of Wales Bakery, established in Dhaka in 1850, is one of the oldest bakeries in the city.
Recent Trends and Growth
Changing Eating Habits: Globalization and evolving eating habits have fueled the bakery industry’s growth. In 2008, the per capita consumption of bakery items in Bangladesh was 0.43 kg, which increased to 2.09 kg by 2021.
Market Size: According to a report by Financial Express, the market size of bakery items in Bangladesh reached BDT 7,000 crores in 2021. This growth is attributed to rising income levels and increased demand for bakery products.
Local and Global Players: Besides big brands like Pran, Olympic, Deco, and Nabisco, thousands of local bakeries cater to both local and global markets. Olympic, founded in 1979, dominates the industry and holds a significant share of the biscuit market.
Conclusion
The bakery industry in Bangladesh continues to thrive, adapting to changing consumer preferences and expanding its reach. As more people embrace baked goods, local manufacturers and international imports contribute to this dynamic sector.
Remember, the aroma of freshly baked bread transcends borders, connecting us all through a shared love for delightful treats! 🥐🍰🍞
Source:
businessinspection.com.bd,lightcastlebd.com,statista.com