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🚀 Bangladesh's Food Market: A Booming Industry 🌱🍴 As Bangladesh's economy grows, the consumption of higher-value nutritional commodities has risen significantly, signaling a shift towards healthier food choices. This trend reflects the evolving dietary preferences as earnings increase and urbanization accelerates. 📊 Key Insights: 1. Foodservice Market Growth: The Bangladeshi foodservice market is expected to reach USD 3.79 billion in 2024, growing at a remarkable CAGR of 14.50% to hit USD 7.47 billion by 2029. 2. Ready-to-Cook & Frozen Goods: The market for ready-to-cook foods and frozen packaged goods has surpassed BDT 2,000 million, growing at 25.6% per year over the past decade. 3. Rising Middle Class: With approximately 30 million middle-class people (20% of the population), Bangladesh's consumer base is comparable to the combined populations of Denmark, Norway, and Sweden, and the number continues to rise. 4. Changing Consumer Tastes: Urban consumers' demand for processed and prepared food products is soaring, driven by the booming Hotel, Restaurant, and Catering (HORECA) industry. 5. Food Market Revenue: The revenue in Bangladesh’s food market stands at USD 144.80 billion in 2023, with an expected increase of USD 11.6 billion in 2024. 🔮 Future Growth: The food market is projected to grow by 21.88% (2023-2027), reaching a volume of USD 2.65 billion by 2027. This rapid growth signals exciting opportunities for businesses to tap into a dynamic and evolving market in Bangladesh. 🍽️🌍 #FoodIndustry #BangladeshGrowth #MarketTrends #BusinessOpportunities #FoodService #HORECA #MiddleClass #EconomicGrowth #Innovation

Softening of retail #inflation has started reflecting in the #food plates, with prices of both #vegetarian and #NonVegetarian thalis (full meals) witnessing a notable drop in August this year compared to the same time last year and the previous month, CRISIL MI&A Research noted in its latest report

Meeting UAE & KSA Import Needs 🌿🚢 The Growing Demand for Frozen Produce: A Data-Driven Insight 🌱 As consumer preferences continue to evolve, the frozen produce market is experiencing significant growth. Recent trends and data reveal that frozen fruits and vegetables are becoming a key part of the modern diet, driven by convenience, sustainability, and health-conscious choices.  🔍 Key Insights: Market Growth: The global frozen food market is projected to grow at a CAGR of 4.5% between 2023-2028, with frozen fruits and vegetables leading the way in demand. Consumer Preferences: A 2023 survey revealed that 64% of consumers now prefer frozen produce for its longer shelf life and reduced food waste. The rise of time-constrained lifestyles has led to a significant shift towards convenience, with frozen options emerging as a pantry staple. Health and Sustainability: Frozen produce retains much of its nutritional value and is often harvested at peak ripeness. With rising awareness of food waste and sustainability, frozen options are seen as a more eco-friendly choice compared to fresh alternatives that require transportation and refrigeration. Regional Trends: In North America and Europe, frozen fruits and vegetables are gaining popularity due to the increasing demand for plant-based meals and quick, healthy cooking solutions. Similarly, the Asia-Pacific region is seeing a surge in adoption as consumers look for affordable, high-quality produce with extended shelf lives.  📊 What Does This Mean for the Industry? Innovation in Freezing Technology: As the market grows, so does the need for advanced freezing techniques that preserve the taste, texture, and nutritional value of produce. Retail & Distribution Channels: E-commerce platforms are seeing a rise in frozen food sales, reflecting a shift towards online grocery shopping, while retailers are expanding frozen food sections to meet demand. Health-Focused Marketing: As consumers prioritize health and sustainability, companies have an opportunity to emphasize the nutritional benefits and minimal environmental impact of frozen produce.  🌱 Conclusion: The frozen produce market is evolving, with a growing consumer base that values both convenience and nutrition. For businesses in the food industry, this is an exciting opportunity to innovate and meet the demands of a more health-conscious and eco-aware market. Contact us 💡  #FrozenProduce #FoodTrends #DataInsights #Sustainability #FrozenFoods #HealthyEating #FoodInnovation #ConsumerTrends

The convenience food market value in Jordan grew at a 2.90% CAGR for the period 2017-2021. More data at: https://lnkd.in/dhVZb4BF #Jordan #ConvenienceFood #MiddleEast #Food #MarketResearch #Data

The frozen food business in India has experienced significant growth in recent years due to various factors: 1. **Changing Lifestyles**: As more people adopt busy, urban lifestyles, demand for convenience foods has surged. #Frozenfoods, which require minimal preparation, appeal to time-strapped consumers. 2. **Growing Middle Class**: The expanding middle-class population has higher disposable incomes, leading to increased spending on processed and frozen foods. 3. **Expansion of Retail Infrastructure**: The growth of #modernretail outlets like #supermarkets, #hypermarkets, and online grocery platforms has made #frozenfoods more accessible to consumers. 4. **Increased Cold Chain Infrastructure**: Investment in cold chain logistics (refrigerated transportation and storage) has improved significantly, enabling wider distribution of frozen products across urban and semi-urban areas. 5. **Health Awareness and Product Innovation**: Many frozen food companies have started offering healthier options, such as preservative-free and low-fat products, catering to the health-conscious consumer segment. 6. **Changing Food Preferences**: With increasing exposure to global cuisines, consumers are more open to trying new frozen food products like frozen vegetables, ready-to-cook meals, snacks, and meat products. 7. **Rising Demand for Non-Vegetarian Frozen Foods**: As awareness and demand for quality frozen meat products increase, there is significant growth in the frozen poultry, seafood, and red meat segments. 8. **COVID-19 Impact**: The pandemic led to an increased focus on food safety and hygiene, which boosted demand for frozen food products, perceived to have a longer shelf life and better safety than fresh food items. ### Market Size and Growth: - The frozen food market in India was valued at over **USD 1.1 billion in 2021** and is expected to grow at a **CAGR of around 17-18% from 2022 to 2027**. - Major companies such as McCain, ITC, Mother Dairy, and Godrej Tyson Foods are expanding their frozen food offerings. With these trends, the frozen food business in India is expected to continue its upward trajectory in the coming years. #frozenfood #worldfoodindia #Goeld

The convenience food market value in Canada grew at a 7.18% CAGR for the period 2017-2021. More data at: https://lnkd.in/dyJeEzMe #Canada #ConvenienceFood #NorthAmerica #Food #MarketResearch #Data

📊 Research Report Spotlight: Middle East and Africa Frozen Food Market 📈 🔍 Delve into the latest research findings from Maximize Market Research Pvt. Ltd., revealing remarkable insights into the Middle East and Africa Frozen Food Market. 🍽️💼 🔍 For more in-depth analysis and comprehensive details, check out the sample research report here: https://lnkd.in/dyg5HK6G 📈 Projections show that the market revenue is poised to soar, with an expected CAGR of 3.71% from 2023 to 2029, reaching a staggering USD 49.20 Billion. 💰✨ 🗓️ Details at a Glance: Base Year: 2022 Historical Data: 2018 to 2022 Market Size in 2022: US $36.76 Bn. Forecast Period CAGR: 3.31% Projected Market Size in 2029: US $49.20 Bn. 💡 Key Players: 1. Al Kabeer Group 2. Sunbulah Group 3. Kraft Heinz Company (Capri Sun) 4. Tyson Foods 5. Grupo Bimbo 🔥 Don't miss out on this opportunity to stay ahead of the curve in the thriving frozen food market! Let's seize the potential together. 💼💡 #MarketResearch #FrozenFood #MiddleEast #Africa #GrowthOpportunities #MaximizeMarketResearch #BusinessInsights #IndustryAnalysis #MarketTrends #CAGR #BusinessGrowth #FoodIndustry #MarketProjection #InvestmentOpportunity #FrozenFoodGrowth #ConvenienceFood #Urbanization #RisingDisposableIncome #ConsumerTrends #AfricaFoodMarket #MiddleEastFoodTrends #MENA #FrozenFoodMarket #FoodIndustry #MarketResearch #MEA #MiddleEast #Africa

The Middle East and Africa frozen ready meals market is expected to reach USD 2.74 billion by 2029, growing at a CAGR of 5.3%. Urbanization, busy lifestyles, and higher disposable incomes are driving this demand, presenting opportunities for innovative, nutritious product offerings. Brands that align with these consumer trends will thrive. Read more in the Data Bridge Market Research Report. #MarketGrowth #FrozenReadyMeals #MiddleEast #Africa #FoodIndustry #ConsumerTrends

#IFPRI’s 2024 #Global Food Policy Report: Research done in #Surkhet, Nepal under the #' Transforming #Agrifood system in South Asia' shows that 73% of adolescents consumed biscuits & other sweet food items multiple times a week, & only 10% of adults had consumed fruit the previous days. It is noteworthy that 91% of shoppers think that healthy foods are expensive so more than 90% of households purchased unhealthy foods, however, 75% of shoppers were women in Surkhet. This research is interesting & shows lots of valuable information on food behaviors, food purchasing modality, & food security.

🍬 Time to Rethink Our Food Choices 🍎 High sugary processed foods have taken over markets in both urban and rural areas. It's becoming increasingly difficult to find healthy options amidst the flood of these low-quality (I would say junk) foods. It’s high time to change our food behaviors. If not now, when? Let’s start making conscious choices towards healthier eating for ourselves and future generations. #HealthyEating #Nutrition #FoodChoices #Wellness