While most brands have focused on China, and more recently India, as important Asian consumer markets, and many have also set their sights on opportunities in Vietnam, Indonesia and the Philippines, just about no one has seen Bangladesh as a worthwhile consumer market.However they could be overlooking what is likely to be a key market, according to a report from HSBC Global Research. "Vietnam, Bangladesh, and India are expected to see the biggest increase in consumer spending in the current decade.” HSBC Global Research If HSBC’s estimates are correct, Bangladesh could be the ninth-largest consumer market by 2030, surpassing the UK and Germany."Bangladesh is expected to see the fastest growth in its consumer market – that is, the population earning more than $20 per day in constant Purchasing Power Parity terms – in the current decade," according to HSBC’s “Asia’s Shoppers in 2030” report."Vietnam, Bangladesh, and India are expected to see the biggest increase in consumer spending in the current decade," said the report."Asia will become the dominant player in global consumer markets," it said.MARKET OUTLOOKBangladesh not only has a large population (167 million people, per World Bank data), its population is young and both GDP and salaries are rising. Bangladesh's consumer market will see more than 7 percent growth annually from 2021 to 2030, said the report.China, India, and the US will continue to be the top three consumer markets by 2030 as they were in 2021. However, Brazil will lose its fourth position to Indonesia by then. Korea and Japan will also see a drop in the overall market by 2030.The number of people spending $21-50 a day is rising rapidly in India. In China, more people are moving into the upper-income bracket, which represents the group that spends more than $111 per day.In Asia, the middle-class population is expected to grow at a compound annual growth rate of 2.1 percent until 2040. Asia’s upper-middle-class population with individuals spending $51-$110 per day is set to expand by 5.9 percent.In terms of size, mainland China is expected to retain its dominant position as the biggest consumer market in the world with more than 80 crore consumers by 2030.In India, the earnings of upper-middle-class individuals, who are making between $50 and $110 a day, are expected to grow by an average of 24 percent per annum until 2030.In Indonesia, the middle class is expected to grow by an average of 13 percent, and in Vietnam, the earnings of upper-middle individuals are expected to rise by 17 percent.