In 2023, the dairy industry in Myanmar has seen strong signs of recovery, following the COVID-19 pandemic and military coup. However, the industry is also facing challenges, including rising fuel prices and supply-chain disruptions.
In 2023, total consumption of dairy products and alternatives have recovered across both on-trade and off-trade channels from the impacts of the COVID-19 pandemic and the post-coup economic decline.
Traditionally, consumers in Myanmar have eaten only two meals per day and this reflects the daily schedules of Buddhist monks. Breakfast is usually taken at around 10.
Approximately 22 million people, which accounts for 40% of Myanmar's population, descended below the national poverty line (USD 0.86 per day) after the coup, resulting in adverse effects on the spending power.
Rising fuel prices and prolonged power cuts are posing significant challenges for businesses, as many struggle to maintain normal operations without regular electricity to run production or adequately store products requiring cold storage. Consequently, a considerable number of businesses are turning to fuel generators to access power.
Over the forecast period, dairy products and alternatives will remain essentials for households across Myanmar. The category's growth drivers will be fuelled by habitual consumption, rising health awareness, and increasing demand for products that offer functional health benefits.
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Dairy Products and Alternatives
This report originates from Passport, our Dairy Products and Alternatives research and analysis database.
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