1. Market Research
  2. > Food
  3. > Processed Food Market Trends
Bangladesh Candy Market- Growth, Trends and Forecasts (2020 - 2025)

Bangladesh Candy Market- Growth, Trends and Forecasts (2020 - 2025)

  • February 2020
  • 70 pages
  • ID: 5865851
  • Format: PDF
  • By Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Market Overview
Bangladesh candy market is forecasted to reach USD 366.19 million by 2024 growing at a CAGR of 7.7% during the forecast period (2019 - 2024).

- The inclusion of ingredients that provide functional benefits, such as improving digestion systems, and increasing consumer awareness about the use of natural fruit extracts are driving the market. With the high acceptance among the Bangladeshi population of new flavors, such as coffee, caramel, etc., the key players in the market are trying to come up with the new flavors, which is also expected to drive the market over the forecast period.
- The inclusion of natural ingredients in candies shows high growth potential in the next 10 years, with increasing urbanization in Bangladesh and attendant affordability of the product.

Scope of the Report
Bangladesh candy market report offers key insights into the latest developments in the market. It analyzes the recent trends, drivers, and challenges affecting the market. The report provides analysis of the Bangladesh candy market, segmented by product type and distribution channel. Product type segmentation includes fruit candy, coffee candy, milk candy, and other candies. Whereas, the distribution channel segmentation includes hypermarket/supermarket, convenience store and online retailing.

Key Market Trends
Fruit Candy Holds the Largest Share of Bangladesh Candy Market

Fruit candies are enjoyed by the children and the middle-aged population. Orange, lemon, and mango are the most common flavors in fruit candies. Whereas, apple, banana, lychee, and grape are other types of fruit candy flavorsruling the market. Fruit candies are prominent in the form of soft candies. and different colors of these candies attract children. Fruit-shaped hard candy is a common type of sugar candy, containing sugar, color, flavor, and a small amount of water. Edible gel candies are also considered in the fruit candy segment. Berry candies have been introduced in the market in order to provide a fresh taste to consumers. Candy canes come in strawberry flavor and have a distinct shape. The shape attracts children, thereby, boosting product sales. Haribo markets jelly bears, which falls under the soft candy category; these are popular among kids.

Hypermarket/Supermarket is the Fastest Growing Distribution Channel

Hypermarket/supermarket is gaining importance in the Bangladesh market, owing to the shift in consumer preference to these supermarkets. The urban population, though a lesser fraction of the population, prefers shopping from supermarkets. The convenience factor is high supermarkets are the preferred mode of shopping. The working population is busy and to save time and energy, prefers supermarket/hypermarket over convenience stores. Customers prefer supermarkets, as there, they have access to various products, in terms of flavors, price, etc., and have a choice to make among the many products. Manufacturers prefer supermarkets as it is easy to introduce their products into the market. It also gives the product a better reach to consumers.

Competitive Landscape
Global brands, such as PRAN Rfl Group and Perfetti Van Melle dominate Bangladesh’s candy market. However, the domestic players Olympic Industries Ltd, Danish, JTA, and ACI which have a considerable presence in the market, enjoy a considerable share in the market. Rangpur Dairy & Food Products Limited is a domestic player that manufactures milk candies. Nestle and Parle are other companies prevalent in the market. New product development is the most preferred strategy in the candy market followed by expansion.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
15% Off

($3250)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on