From a $8.75 billion economy at the time of its independence to a whopping $317.44 billion (Rank: 41) GDP in 2020, Bangladesh, emerged as one of the fastest growing economy. According to Allied Market Research (global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon), the Bangladeshi skincare market was valued at $1.16 billion in 2020 and is forecasted to garner $2.12 billion by 2027; registering a Compound Annual Growth Rate (CAGR) of 8.1% from 2021 to 2027. The skincare products market exhibits an incremental revenue opportunity of $960 million from 2020 to 2027. RHBL is determined to work for import substitution industrialization and export promotion in this sector.
Remark has moved into the beauty-care market at a prime time in the country. The economy of Bangladesh has been booming for nearly two decades. The continually growing GDP has brought a rapid change in people’s lifestyle, taste, and buying power. A rising living standard and a sea-change in their lifestyle made people more conscious about healthcare, hygiene, and beauty products. People want products that are ethically strong and environmentally friendly and also at the same time take care of a 24-hour demand to be beautiful and confident. That’s where we come into play.