Dairy products and alternatives in 2025: The big picture
Retail current value sales of dairy products and alternatives in Bangladesh are expected to see a marginal decrease over 2025. This is based on a strong drop in retail current value sales of baby food, with only a marginal rise in the main category, dairy. However, this is partly a realignment following fast growth in the previous years of the review period. Meanwhile, retail volume sales are projected to continue to rebound from strong declines in the mid-review period in 2025. The shift to retail volume over value growth is informed by improving economic conditions in the country, leading to higher disposable incomes and lower, if still high, inflation rates. Amidst reduced average unit prices, consumers are more willing and able to purchase packaged dairy products and alternatives.
Key trends in 2025
During the review period, local production increased as importers faced US dollar shortages and a high US dollar exchange rate increased end prices. Thus, many consumers cut down on their spending and consumption. In 2025, improving economic conditions are set to increase the ability and willingness of local consumers to spend on packaged baby food and dairy products.
Competitive Landscape
Bangladesh Milk Producers Co-Operative Union Ltd is expected to see retail value share growth to remain the clear leader of dairy and, therefore, dairy products and alternatives in 2025. This government-owned cooperative presents the iconic Milk Vita brand, leveraging strong popularity in especially drinking milk products. This and other local players are making investments in the category, in order to expand their dairy production, product offer and reach. This is leading to an increase in the production of dairy products and a greater variety available through retail channels across the country.
Channel developments
Most consumers use traditional grocery retailers, outdoor markets and street vendors for their food shopping, with many still lacking access to modern grocery retailers, even in cities. Nevertheless, with rapid urbanisation, rising disposable incomes and longer working hours, modern grocery retailing is set to become increasingly appealing to time-pressed young adults.
What next for dairy products and alternatives?
Price rises strongly impact demand and sales performances in dairy products and alternatives in Bangladesh. As the inflation rate is set to fall and stabilise, bringing relief from cost-of-living pressures, consumers are likely to be more willing and able to spend on packaged baby food and dairy products. The international cuisine cooking and eating habit is also expected to continue to gain momentum, leading to higher use of dairy products in the home for cooking and baking. Importantly, product variety is broadening as consumer search for different types of dairy products.
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Overview:
Understand the latest market trends and future growth opportunities for the Dairy Products and Alternatives industry in Bangladesh with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Dairy Products and Alternatives industry in Bangladesh, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Dairy Products and Alternatives in Bangladesh report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Dairy Products and Alternatives in Bangladesh?
- Which are the leading brands in Dairy Products and Alternatives in Bangladesh?
- How are products distributed in Dairy Products and Alternatives in Bangladesh?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Dairy Products and Alternatives?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Bangladesh?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Dairy Products and Alternatives in Bangladesh
Dairy products and alternatives in 2025: The big picture
Key trends in 2025
Competitive Landscape
Channel developments
What next for dairy products and alternatives?
APPENDIX
DISCLAIMER
Key Data Findings
2025 Developments
Volume over value growth in 2025 while breastfeeding remains a major obstacle to packaged baby food
Nestlé continues to invest to dominate baby food in Bangladesh
Increasing retail penetration of packaged baby food
Prospects and Opportunities
Improving economic situation to boost the demand for packaged baby food
Nutrition and convenience to increase the appeal of packaged baby food
Birth rates offer a push-pull factor in baby food
Category Data
Key Data Findings
2025 Developments
Cooking at-home trend boosts the use of dairy products
Local players dominate dairy
Small local grocers leverage price, convenience and availability advantages
Prospects and Opportunities
Positive outlook amidst development and growth opportunities
International food trend to stimulate the use of dairy products
Innovation and expanding ranges to add dynamism to dairy
Category Data
Signs of promise for plant-based dairy
Brand and product visibility rise slowly
Modern grocery retailers dominate a limited distribution landscape
Prospects and Opportunities
Growth potential exists but plant-based dairy is unlikely to take off in the short to medium term
Plant-based dairy to enjoy popularity as a deficiency filler
Widening product awareness is a key avenue to growth
Category Data
The following categories and subcategories are included:
Dairy Products and Alternatives
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- Dried Baby Food
- Prepared Baby Food
- Other Baby Food
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- Liquid Standard Milk Formula
- Powder Standard Milk Formula
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- Liquid Follow-on Milk Formula
- Powder Follow-on Milk Formula
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- Liquid Growing-Up Milk Formula
- Powder Growing-Up Milk Formula
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- Liquid Special Baby Milk Formula
- Powder Special Baby Milk Formula
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- Butter
- Cooking Fats
- Margarine and Spreads
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- Spreadable Cheese
- Processed Cheese excl Spreadable
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- Packaged Hard Cheese
- Unpackaged Hard Cheese
- Soft Cheese
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- Dairy Only Flavoured Milk Drinks
- Flavoured Milk Drinks with Fruit Juice
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- Fat-free Fresh Milk
- Semi Skimmed Fresh Milk
- Full Fat Fresh Milk
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- Fat-free Shelf Stable Milk
- Semi Skimmed Shelf Stable Milk
- Full Fat Shelf Stable Milk
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- Goat Milk
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- Powder Milk
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- Sour Milk Products
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- Drinking Yoghurt
- Flavoured Yoghurt
- Plain Yoghurt
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- Chilled Dairy Desserts
- Shelf Stable Dairy Desserts
- Chilled Snacks
- Coffee Whiteners
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- Flavoured Condensed Milk
- Plain Condensed Milk
- Evaporated Milk
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- Cream
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- Flavoured Fromage Frais and Quark
- Plain Fromage Frais and Quark
- Savoury Fromage Frais and Quark
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- Soy Drinks
- Other Plant-based Milk
- Plant-based Yoghurt
- Plant-based Cheese
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This report originates from Passport, our Dairy Products and Alternatives research and analysis database.
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