Cheese - Myanmar | Statista Market Forecast

Cheese - Myanmar

Myanmar

Highlights

Revenue in the Cheese market amounts to US$76.08m in 2024. The market is expected to grow annually by 11.86% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$32bn in 2024).
In relation to total population figures, per person revenues of US$1.38 are generated in 2024.
In the Cheese market, volume is expected to amount to 10.66m kg by 2029. The Cheese market is expected to show a volume growth of 5.8% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 0.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Myanmar is experiencing mild growth, influenced by factors such as increasing demand for dairy products, growing awareness of the health benefits of cheese, and the convenience of online purchasing options. This growth rate is impacted by the country's growing economy and changing consumer preferences towards healthier food options.

Customer preferences: In Myanmar, the Cheese Market of the Dairy Products & Eggs Market within The Food market has seen a rise in demand for locally produced and organic cheese, as consumers become more health-conscious and seek sustainable options. Additionally, there is a growing preference for specialty cheeses such as feta and brie, influenced by the Westernization of the country's food culture. This trend is also driven by the increasing affluence of the middle class, who have more disposable income to spend on premium and artisanal cheese products.

Trends in the market: In Myanmar, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for high-quality, locally produced cheese. This trend is driven by a growing interest in Western cuisine and a rise in disposable income. As a result, there is an increasing number of small-scale cheese producers entering the market, offering a diverse range of artisanal cheeses. This presents an opportunity for industry stakeholders to tap into this growing market and cater to the evolving tastes and preferences of consumers. However, it also poses a challenge for larger players to maintain their market share and stay competitive. As the trend towards locally sourced and artisanal products continues, it is essential for industry stakeholders to adapt and innovate to meet the changing demands of consumers.

Local special circumstances: In Myanmar, the Cheese Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's unique cultural and geographical factors. With a large Buddhist population, the demand for vegetarian cheese options is high. Additionally, the country's limited dairy production and reliance on imports has led to higher prices for cheese products. The recent political and economic changes in Myanmar have also affected the market, as new regulations have been put in place for importing dairy products. These factors contribute to the dynamics of the Cheese Market in Myanmar.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Myanmar is influenced by macroeconomic factors such as trade policies, foreign investment, and economic stability. As Myanmar continues to open up its economy to foreign trade and investment, there is potential for increased demand and growth in the cheese market. Additionally, the country's growing middle class and increasing disposable income are expected to drive consumption of dairy products, including cheese. However, challenges such as infrastructure limitations and political instability may hinder market growth.

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.