Yogurt Substitutes - Myanmar

Myanmar

Highlights

Revenue in the Yogurt Substitutes market amounts to US$569.60k in 2024. The market is expected to grow annually by 4.78% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$470m in 2024).
In relation to total population figures, per person revenues of US$0.01 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 55.95k kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 2.4% in 2025.0.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Yogurt Substitutes Market in Myanmar has seen slow growth due to factors such as low consumer awareness and limited availability of substitutes. Despite this, the market is expected to grow as health consciousness and demand for dairy alternatives increase.

Customer preferences: As health and wellness continue to gain importance among consumers in Myanmar, the demand for plant-based yogurt substitutes is on the rise. This can be attributed to the growing trend of veganism and lactose intolerance, as well as the cultural significance of consuming plant-based foods in the country. Additionally, with the increasing awareness about the health benefits of probiotics, consumers are also gravitating towards dairy-free yogurt alternatives made from coconut milk and other plant-based ingredients. This trend is expected to continue as consumers prioritize healthier and more sustainable food options.

Trends in the market: In Myanmar, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is witnessing a rise in demand for plant-based alternatives such as coconut milk yogurt and nut-based yogurts. This trend is driven by the increasing awareness of lactose intolerance and the growing demand for vegan products. Additionally, there is a shift towards healthier and more sustainable food options, with these substitutes offering a similar taste and texture to traditional yogurt. This trend is expected to continue, presenting opportunities for industry stakeholders to expand their product offerings and cater to the evolving consumer preferences in the country.

Local special circumstances: In Myanmar, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's unique cultural and geographical factors. The consumption of dairy products is not as common in Myanmar as in other markets, leading to a smaller market size. Additionally, the country's strict regulatory environment and limited infrastructure pose challenges for market growth. However, the increasing health consciousness among consumers and the growing demand for plant-based alternatives have created opportunities for yogurt substitute products in the country.

Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Myanmar is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's growing economy and increasing disposable income have led to a rising demand for dairy products and eggs, including yogurt substitutes. Additionally, favorable government initiatives and investments in the food industry are driving market growth. However, challenges such as limited infrastructure and high production costs may hinder market growth in the country. Furthermore, the increasing health consciousness among consumers and growing demand for plant-based alternatives also play a significant role in shaping the market.

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.