Market Insights Consumer Food Bread & Cereal Products

Other Cereal Products - Myanmar

Myanmar

Revenue in the Other Cereal Products market amounts to €0.69bn in 2024. The market is expected to grow annually by 12.26% (CAGR 2024-2029).
In global comparison, most revenue is generated in Egypt (€14,030m in 2024).
In relation to total population figures, per person revenues of €12.56 are generated in 2024.
In the Other Cereal Products market, volume is expected to amount to 0.47bn kg by 2029. The Other Cereal Products market is expected to show a volume growth of 5.2% in 2025.
The average volume per person in the Other Cereal Products market is expected to amount to 6.9kg in 2024.

Key regions: Canada, Spain, South Korea, United States, Japan

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Other Cereal Products Market in Myanmar is experiencing subdued growth due to factors such as low consumer awareness and limited access to digital technologies. Despite these challenges, the market is expected to grow steadily in the coming years, driven by increasing health consciousness and the convenience of online services.

Customer preferences: As health-consciousness continues to rise in Myanmar, consumers are increasingly turning to alternative grain-based products, such as quinoa and amaranth, for their nutritional benefits. This trend is also being driven by the growing popularity of vegetarian and vegan diets in the country, as these grains are often used as substitutes for meat. Additionally, the demand for gluten-free options is on the rise, leading to an increase in the availability of gluten-free cereal products in the market.

Trends in the market: In Myanmar, the Other Cereal Products Market within the Bread & Cereal Products Market is experiencing a surge in demand for healthier and gluten-free options. This trend is driven by increasing health consciousness among consumers and a growing preference for traditional and organic ingredients. As a result, companies are expanding their product portfolios to cater to this niche market. This trend is likely to continue in the coming years, as consumers become more aware of the health benefits of these products. This presents an opportunity for industry stakeholders to tap into this growing market segment and differentiate themselves from competitors.

Local special circumstances: In Myanmar, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's agricultural sector, with rice being a staple food. However, the market is also seeing an increasing demand for alternative cereal products such as millet and sorghum. This is driven by the country's diverse cultural influences and changing consumer preferences. Additionally, the government's focus on promoting local agriculture and reducing dependence on imports has also played a role in shaping the market.

Underlying macroeconomic factors: The Other Cereal Products Market within the Bread & Cereal Products Market of The Food market in Myanmar is also impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. As the country continues to experience steady economic growth, there is a growing demand for convenient and affordable food options, leading to an increase in the consumption of cereal products. Additionally, government initiatives to promote agricultural development and improve food security have also contributed to the growth of the market. However, challenges such as limited access to finance and infrastructure, as well as political instability, may hinder the growth of the 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.