Dairy Products & Eggs - Myanmar

Myanmar

Revenue in the Dairy Products & Eggs market amounts to €2,089.00m in 2024. The market is expected to grow annually by 13.04% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€161bn in 2024).
In relation to total population figures, per person revenues of €38.01 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 1,594.00m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 5.6% in 2025.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 22.2kg in 2024.

Key regions: Spain, Canada, United Kingdom, United States, Philippines

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Dairy Products & Eggs market in Myanmar is experiencing moderate growth, influenced by factors such as increasing health consciousness among consumers and the convenience of online services. However, the market's growth rate is subdued due to challenges like limited access to technology and logistics infrastructure. This has also impacted the sub-markets, as consumers are more inclined towards traditional dairy products and substitutes due to affordability and cultural preferences.

Customer preferences: As health and wellness become increasingly important to consumers in Myanmar, there has been a noticeable shift towards seeking out more natural and organic dairy products and eggs. This trend is driven by a growing awareness of the benefits of consuming locally sourced and sustainable food options. In addition, the younger generation is more health-conscious and willing to pay a premium for products that align with their values. Furthermore, there is a growing demand for dairy alternatives, such as plant-based milks, as consumers become more health-conscious and environmentally aware.

Trends in the market: In Myanmar, the Dairy Products & Eggs market is seeing a surge in demand for locally sourced and organic products. This trend is driven by an increasing awareness of the health benefits of natural and sustainable products. As a result, small-scale dairy farms and egg producers are gaining popularity, providing an opportunity for local farmers to enter the market. This trend is significant as it supports the growth of the agricultural sector and promotes food security. It also has potential implications for industry stakeholders, including potential partnerships and investments in local farmers and the development of new product offerings to cater to this growing demand.

Local special circumstances: In Myanmar, the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's predominantly agricultural economy and traditional dietary preferences. The government's recent efforts to promote dairy farming and increase milk production have led to a surge in domestic supply. However, cultural preferences for fresh, locally sourced products may hinder the growth of imported dairy products. Additionally, the country's underdeveloped infrastructure and regulatory challenges pose barriers to market expansion, creating opportunities for local producers to dominate the market.

Underlying macroeconomic factors: The Dairy Products & Eggs Market in Myanmar is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. As a developing country, Myanmar's economy is highly dependent on agriculture, with the dairy industry playing a significant role. The country's economic growth and stability, as well as government policies on trade and investment, greatly impact the performance of the dairy and eggs market. Additionally, factors such as consumer purchasing power, population growth, and changing dietary patterns also influence the demand for dairy products and eggs 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.