Market Insights Consumer Food Dairy Products & Eggs

Yogurt - Myanmar

Myanmar

Revenue in the Yogurt market amounts to €76.04m in 2024. The market is expected to grow annually by 13.51% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€42,400m in 2024).
In relation to total population figures, per person revenues of €1.38 are generated in 2024.
In the Yogurt market, volume is expected to amount to 57.50m kg by 2029. The Yogurt market is expected to show a volume growth of 6.8% in 2025.
The average volume per person in the Yogurt market is expected to amount to 0.8kg in 2024.

Key regions: Russia, Spain, South Korea, Philippines, United States

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Yogurt Market in Myanmar is witnessing mild growth, influenced by factors like the increasing demand for healthier food options, rising consumer health consciousness, and the convenience of online shopping.

Customer preferences: There has been a noticeable increase in the demand for dairy-free and plant-based yogurt options in Myanmar, as more individuals are adopting vegan and dairy-free diets. This trend is driven by a growing awareness of the health and environmental benefits of reducing dairy consumption. Additionally, the emergence of a health and wellness culture in the country has led to a rise in demand for yogurt products with added functional benefits, such as probiotics and protein.

Trends in the market: In Myanmar, the Yogurt Market within the Dairy Products & Eggs Market is experiencing a surge in demand for probiotic yogurt, driven by the rising health consciousness among consumers. This trend is expected to continue, as the market is projected to grow at a CAGR of 11.4% from 2021 to 2026. This presents opportunities for industry stakeholders to expand their product offerings and tap into the growing health and wellness trend. Additionally, with the increasing popularity of e-commerce in Myanmar, there is potential for the Yogurt Market to leverage online channels to reach a wider consumer base.

Local special circumstances: In Myanmar, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's cultural preferences for fermented dairy products. Yogurt has been a staple in Myanmar cuisine for centuries, and the market reflects this by offering a variety of locally-made yogurt products. Additionally, the country's geography, with its warm climate and abundant agricultural resources, makes it an ideal location for dairy farming. This has led to a strong supply chain and high-quality dairy products. However, the market is also subject to strict government regulations, which can impact the availability and pricing of yogurt products.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending, inflation rates, and government policies. In Myanmar, the dairy industry has received significant support from the government in recent years, leading to increased investment and production. This, coupled with the country's growing middle class and changing dietary habits, has contributed to the growth of the yogurt market. However, the market is also impacted by global economic trends, such as fluctuations in milk prices and import/export regulations. Additionally, the country's economic health and fiscal policies can affect consumer purchasing power and demand for yogurt products. As such, market performance in Myanmar is closely tied to both local and global economic factors.

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.