Processed & Frozen Vegetables - Myanmar

Myanmar

Highlights

Revenue in the Processed & Frozen Vegetables market amounts to US$401.50m in 2024. The market is expected to grow annually by 12.59% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$58bn in 2024).
In relation to total population figures, per person revenues of US$7.30 are generated in 2024.
In the Processed & Frozen Vegetables market, volume is expected to amount to 297.40m kg by 2029. The Processed & Frozen Vegetables market is expected to show a volume growth of 5.7% in 2025.0.
The average volume per person in the Processed & Frozen Vegetables market is expected to amount to 4.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Processed & Frozen Vegetables Market within The Food market in Myanmar has seen modest growth due to factors such as limited access to technology and low health consciousness. As a result, the market's growth rate remains subdued.

Customer preferences: As more consumers prioritize convenience and time-saving options, the demand for processed and frozen vegetables has increased in Myanmar. This trend is also influenced by the growing number of working professionals and busy households, who are seeking quick and easy meal solutions. Additionally, the rise in health consciousness has led to a greater demand for frozen vegetables, as they are perceived as healthier alternatives to canned or packaged foods.

Trends in the market: In Myanmar, there is a growing trend towards processed and frozen vegetables in The Food market, as consumers are increasingly seeking convenient and healthy options. This trend is expected to continue, driven by the increasing urbanization and busy lifestyles of the population. Furthermore, the government's focus on promoting food security and reducing food waste is also expected to drive the growth of this market. This trend presents opportunities for industry stakeholders to invest in advanced processing and freezing technologies to improve the quality and shelf life of their products. Additionally, it may also lead to the development of new products and packaging innovations to cater to the changing preferences of consumers. However, it also poses challenges for traditional vegetable farmers who may struggle to compete with the processed and frozen options. Overall, the trajectory of this trend is towards a more diverse and competitive market, with potential implications for both producers and consumers.

Local special circumstances: In Myanmar, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is heavily influenced by the country's geographical location and cultural practices. The agricultural sector plays a significant role in the country's economy, and as a result, there is a strong demand for processed and frozen vegetables. Additionally, the government's regulatory policies, such as import restrictions and subsidies for local producers, also impact the market dynamics. These factors result in a unique market landscape that differs from other countries in the region, making Myanmar an attractive market for processed and frozen vegetable products.

Underlying macroeconomic factors: The Processed & Frozen Vegetables Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with stable and growing economies, favorable fiscal policies, and strong investment in food infrastructure are experiencing faster market growth compared to regions with economic challenges and limited government support for the food industry. Additionally, the increasing demand for convenience and healthy food options, along with the growing population and changing dietary habits, are driving the demand for processed and frozen vegetables. These factors are expected to continue to shape the market in Myanmar and impact the growth of the Processed & Frozen Vegetables Market of the Vegetables Market within The Food 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.