Dhaka, Nov. 13 -- Bangladesh's packaged food industry is growing fast and could reach $5.8 billion by 2030, up from the current $4.8 billion, according to Khondaker Golam Moazzem, research director at the Centre for Policy Dialogue (CPD).
Citing data from the Bangladesh Investment Development Authority (BIDA), Moazzem said the sector's growth is being driven by the country's expanding middle class, changing urban lifestyles, and rising demand for ready-to-eat and processed food.
"The expansion of the agro-processing sector, particularly in packaged food, is no longer just a domestic consumption story it has strong potential to become Bangladesh's next major export engine," Moazzem said while presenting a keynote paper at a workshop on agr...