Baby Milk & Infant Formula - Myanmar

Myanmar

Revenue in the Baby Milk & Infant Formula market amounts to €69.81m in 2024. The market is expected to grow annually by 6.82% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€15,630m in 2024).
In relation to total population figures, per person revenues of €1.27 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 6.94m kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 4.0% in 2025.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 0.1kg in 2024.

Key regions: South Korea, India, United Kingdom, United States, Japan

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Baby Milk & Infant Formula Market in Myanmar has been witnessing minimal growth due to factors such as low consumer awareness about infant nutrition and limited availability of these products in rural areas. However, the market is expected to grow at a steady pace in the coming years with the increasing focus on child health and rising disposable income of the population.

Customer preferences: With the rise of urbanization and changing lifestyles in Myanmar, there has been a noticeable shift towards more convenient and time-saving options in the Baby Milk & Infant Formula Market of the Baby Food Market. This has led to an increase in demand for ready-to-feed formula and single-serve packaging. Additionally, there is a growing preference for organic and natural ingredients in baby products, reflecting the increasing awareness of health and wellness among consumers.

Trends in the market: In Myanmar, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is experiencing a shift towards organic and natural products, as consumers become more health-conscious. This trend is likely to continue, as demand for premium products increases among the growing middle class. Additionally, there is a rise in e-commerce platforms for baby products, making it easier for parents to access a wide range of options. This trend has significant implications for industry stakeholders, as they will need to adapt to changing consumer preferences and invest in online platforms to remain competitive in the market.

Local special circumstances: In Myanmar, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by the country's unique cultural and geographical factors. With a large rural population and limited access to healthcare facilities, there is a high demand for affordable and accessible infant formula options. Additionally, strict government regulations on advertising and marketing of baby food products play a significant role in shaping the market dynamics. The market is also seeing a growing trend towards organic and natural baby food products, reflecting the country's traditional preference for homemade and organic food.

Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, countries with stable economic conditions and supportive fiscal policies tend to have a higher demand for baby milk and infant formula products. On the other hand, countries with economic instability and low per capita income may experience slower market growth due to reduced purchasing power. Moreover, government policies and regulations regarding food safety and nutrition also play a significant role in shaping the market, as they directly affect the production and distribution of baby food products.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.