Bangladesh’s Fast Moving Consumer Goods (FMCG) industry has been one of the largest industries serving domestic consumer needs. The country’s middle-class population combined with rising per capita income has been a strong propagator for the growth of the industry.
Globally, the market size of this industry is expected to reach $1.54 trillion within 2025. Consequently, the FMCG sector of Bangladesh grew 9 percent to $3.4 billion as of 2017.
FMCGs industry is one of the fastest-growing segments of the market. The population of Bangladesh was 164.67 million in the end of 20171. This large number of population of the country makes the FMCGs industry very prospective. With the considerable growth of GDP, the private consumption growth has also increased over the years. In FY 2016-17, GDP Growth rate was 7.28% compared to 7.11% in FY 2015-16 whereas Private consumption growth in FY 2016-17 was 10.3% compared to 9.1% in FY 2015-162.
Consequently, most of the spending on FMCG products originate from these urban centers. With 35.70%of the nation’s population living in cities as of 2017, this number is only set to increase further and additionally bolster the industry in question.
“Fast Moving Consumer Goods” is an umbrella term that encompasses a wide array of industries. Within Bangladesh, the most commercially important of these industries include food & beverages, personal care, and household care.
This industry has huge potential as a high volume business with a low margin.
Best trade fair organizer Eco Expo, continuously working for this sector.
