Definition:
The Baby Food market covers specially formulated foods that are intended for infants and small children, most notably in the form of homogenized food preparations. In this market, both supplementary foods (e.g., fruit- and vegetable-based baby food) and infant formula are included.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
For more information on the displayed data, click the info button on the right side of each box.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Baby Food market in Myanmar has been experiencing minimal growth due to various factors such as limited availability and affordability of baby food products, low consumer awareness, and traditional preferences for homemade baby food. This slow growth can also be attributed to the sub-markets of Baby Milk & Infant Formula, Baby Cereals & Other Dried Baby Food, Prepared Baby Food, and Baby Snacks & Others, which face challenges in distribution and marketing. However, with increasing urbanization and rising disposable income, there is potential for the market to grow in the future.
Customer preferences: As the demand for healthier and organic options increases, there has been a growing interest in locally sourced and sustainable baby food products in Myanmar. This trend is driven by a growing awareness of the benefits of natural and unprocessed foods for babies, as well as the desire to support local farmers and reduce the environmental impact of food production. Additionally, with the rise of working mothers, there has been a shift towards convenient and portable baby food options, such as pouches and snacks, catering to busy lifestyles.
Trends in the market: In Myanmar, the Baby Food Market within The Food market is experiencing a surge in demand for organic and natural baby food products. This trend is driven by a growing awareness among consumers about the health benefits of organic food and the desire to provide their children with the best nutrition. As a result, there is a rise in the number of companies offering organic baby food options, and major players in the market are also expanding their organic product lines. This trend is expected to continue, with an increasing focus on sustainability and transparency in the production process. Industry stakeholders should take note of this trend and adapt their strategies to cater to the growing demand for organic baby food in Myanmar.
Local special circumstances: In Myanmar, the Baby Food Market is heavily influenced by the country's geography and cultural practices. Due to the lack of access to modern healthcare facilities in rural areas, traditional methods of infant feeding are still prevalent. This has led to a slower adoption of commercial baby food products. Additionally, cultural beliefs and customs play a significant role in the types of food that are considered suitable for babies, impacting the demand for specific products. Furthermore, strict regulations on the import and distribution of food products also shape the dynamics of the market.
Underlying macroeconomic factors: The growth of the Baby Food Market within The Food market in Myanmar is also influenced by macroeconomic factors such as government policies, economic stability, and consumer purchasing power. With the country's improving economic conditions and rising income levels, there is a growing demand for high-quality and nutritious baby food products. Additionally, favorable government initiatives and increasing investments in the food industry are also driving the market growth. However, challenges such as inadequate infrastructure and limited distribution channels may hinder the market's growth potential.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights