Bread & Cereal Products - Myanmar

Myanmar

Revenue in the Bread & Bakery Products market amounts to €4.02bn in 2024. The market is expected to grow annually by 12.36% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€257bn in 2024).
In relation to total population figures, per person revenues of €73.07 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 4,058.00m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 5.1% in 2025.
The average volume per person in the Bread & Bakery Products market is expected to amount to 59.5kg in 2024.

Key regions: Philippines, United States, Canada, India, China

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Bread & Cereal Products Market in Myanmar has been experiencing subdued growth, influenced by factors such as limited access to digital technologies and low health awareness among consumers. The market's growth rate is impacted by the lack of government support and infrastructure for online health services.

Customer preferences: As more consumers in Myanmar embrace Western food culture, there is a growing demand for healthier and more convenient options in the Bread & Cereal Products Market. This has led to an increase in gluten-free and organic products, as well as a focus on packaging and labeling that appeals to health-conscious consumers. Additionally, the rise of online shopping and delivery services has made it easier for busy individuals to access these products, driving the market towards more digital and convenient solutions.

Trends in the market: In Myanmar, the Bread & Cereal Products Market is experiencing a surge in demand for healthier and more diverse options, driven by a growing awareness of the importance of a balanced diet. This trend is expected to continue, with consumers seeking out products made from alternative grains like quinoa and amaranth, and incorporating more plant-based proteins into their diets. Industry stakeholders should take note of these shifts and adapt their offerings accordingly, as well as exploring opportunities for collaboration with local farmers to source these unique ingredients.

Local special circumstances: In Myanmar, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's agricultural sector, with rice being a staple food. The market is also affected by the country's diverse cultural influences, as well as its limited infrastructure and government regulations. This has led to a reliance on traditional methods of production and distribution, while also hindering the adoption of modern technologies. Additionally, the recent political and economic reforms have opened up the market to foreign investments, leading to increased competition and shifting consumer preferences.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Myanmar is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. For instance, the country's GDP growth rate, inflation rate, and interest rates all play a significant role in the performance of the market. Additionally, government policies related to trade and investment, as well as changes in consumer spending patterns, can also impact the demand for bread and cereal products. Furthermore, changes in global commodity prices and currency exchange rates can affect the cost of raw materials and production, ultimately impacting market prices and profitability. Overall, a stable and growing economy with supportive government policies can lead to a more favorable market environment for the Bread & Cereal Products Market in Myanmar.

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.