Milk Substitutes - Myanmar

Myanmar

Highlights

Revenue in the Milk Substitutes market amounts to US$13.09m in 2024. The market is expected to grow annually by 25.43% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$10bn in 2024).
In relation to total population figures, per person revenues of US$0.24 are generated in 2024.
In the Milk Substitutes market, volume is expected to amount to 6.13m kg by 2029. The Milk Substitutes market is expected to show a volume growth of 23.4% in 2025.0.
The average volume per person in the Milk Substitutes market is expected to amount to 0.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Substitutes Market in Myanmar is experiencing substantial growth, driven by factors such as increasing health consciousness and the convenience of online services. This growth is impacted by the rising demand for dairy-free options and the government's focus on promoting a healthier lifestyle.

Customer preferences: Changing dietary preferences and health-consciousness have spurred a growing demand for plant-based milk substitutes in Myanmar. This trend is driven by a shift towards healthier and more sustainable options, as well as a growing vegan and vegetarian population in the country. Additionally, the rise of lactose intolerance and allergies has also contributed to the increasing popularity of milk substitutes. As a result, companies are launching a variety of dairy-free alternatives, such as soy, almond, and coconut milk, to cater to this growing consumer segment.

Trends in the market: In Myanmar, the Milk Substitutes Market within the Dairy Products & Eggs Market is experiencing a surge in demand for plant-based milk alternatives, as consumers become more health conscious and environmentally aware. This trend is expected to continue as the market for dairy-free products is projected to grow globally. This presents opportunities for industry stakeholders to tap into this growing market segment and develop innovative products to meet consumer preferences. Additionally, the rise of e-commerce in Myanmar is making it easier for consumers to access these milk substitutes, further fueling the growth of this market.

Local special circumstances: In Myanmar, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's unique geographical and cultural factors. Due to the lack of refrigeration infrastructure, dairy products have traditionally not been a major part of the diet. This has created a demand for milk substitutes, such as coconut milk and soy milk, which are more suitable for the local climate. Additionally, the government's strict regulations on importing dairy products have also led to the development of local milk substitutes to meet consumer demand.

Underlying macroeconomic factors: The Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market in Myanmar is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. As the country continues to develop and modernize, there is an increasing demand for healthier and more sustainable food options. This, coupled with rising disposable incomes and urbanization, is driving the growth of the milk substitutes market in Myanmar. Additionally, government initiatives to promote food security and reduce dependency on imports have also played a role in the market's expansion. However, challenges such as inadequate infrastructure and a lack of regulatory framework 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.