Bangladesh Skin Care Products Opportunity Analysis and Industry Forecast, 2021-2027
The Bangladesh skin care products market size was valued at $1.23 billion in 2020, and is expected to garner $2.12 billion by 2027, registering a CAGR of 8.1% from 2021 to 2027. The skin care products market exhibits an incremental revenue opportunity of $960 million from 2020 to 2027. Skin care products refer to those products which aid skin integrity, provides relief to skin conditions, and furthermore enhance its appearance. There are several types of skin care products available in the market, which include cream, lotion, masks, serums, and others. Skin care products are manufactured using several ingredients namely, chemical compounds, medicinal herbs, or natural ingredients.
Bangladesh skin care products market projected to reach $2.12 billion by 2027, at a CAGR of 8.1%. Market segmented on the basis of product type, demographics, age group, & sales channel.
Besides the apparel industry, small factories of various export products have been developed in all corners of the country by private initiatives. Here are the product categories that bring the highest foreign exchanges for Bangladesh:
1. Readymade Garments
2. Jute and Jute Products
3. Fish, Shrimps, and Prawns
4. Leather and Leather Products
5. Home Textile
6. Agro Products
7. Pharmaceutical Products
8. Plastic and Plastic Products
9. Bicycle
10. Terry Towel
11. Other Items include the electronics industry which has been growing in Bangladesh, with products like mobile phones and computer components being exported. Ceramic products like tiles and sanitary ware chemical products, chemicals used in the textile industry, wooden and bamboo furniture, handmade crafts and traditional items are other export items of Bangladesh
It has been four decades since Bangladesh-made apparels made their way into the global market. Today the "Made in Bangladesh" tag is a name of trust in the global fashion market.