Milk - Myanmar | Statista Market Forecast

Milk - Myanmar

Myanmar

Highlights

Revenue in the Milk market amounts to US$1.07bn in 2024. The market is expected to grow annually by 12.67% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$19.40 are generated in 2024.
In the Milk market, volume is expected to amount to 1.13bn kg by 2029. The Milk market is expected to show a volume growth of 5.8% in 2025.0.
The average volume per person in the Milk market is expected to amount to 15.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Myanmar has been experiencing subdued growth, impacted by factors such as limited access to technology, low health awareness, and reliance on traditional methods. These challenges hinder the market's growth, despite the convenience of online services.

Customer preferences: Consumers in Myanmar are showing a growing preference for plant-based milk alternatives, such as soy milk and almond milk, due to health and environmental concerns. This trend is also influenced by the country's Buddhist culture, where many people practice vegetarianism and abstain from consuming dairy products. As the younger generation becomes more health-conscious and environmentally aware, the demand for plant-based milk is expected to continue to rise in the coming years.

Trends in the market: In Myanmar, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a growing trend of consumer preference towards organic and locally sourced dairy products. This trend is driven by a rising awareness of the health benefits of organic products and a desire to support local farmers. As a result, there has been an increase in the number of small-scale dairy farms and a shift towards sustainable and ethical production practices. These trends are significant as they reflect a growing demand for high-quality, environmentally-friendly products, and could have potential implications for industry stakeholders such as dairy farmers, retailers, and consumers.

Local special circumstances: In Myanmar, the Milk Market of the Dairy Products & Eggs Market within The Food market faces unique challenges due to the country's geographical and cultural circumstances. With a large rural population and limited access to modern technology, traditional methods of milk production and distribution still dominate the market. Additionally, government regulations and policies on dairy farming and importation heavily influence market dynamics. These factors create a distinct market environment that differs from other countries and requires tailored strategies for success.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Myanmar is heavily influenced by macroeconomic factors such as economic stability, government policies, and consumer purchasing power. The country's strong economic growth and increasing disposable income have led to a rise in demand for dairy products and eggs, especially among the urban population. Moreover, the government's efforts to promote the dairy industry and improve infrastructure have also contributed to the market's growth. However, challenges such as inadequate supply chain infrastructure and high production costs 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.