Overall, dairy products and alternatives are expected to recover from the political and economic shocks in 2022, with the leading brands driving demand. However, dairy products and alternatives face new challenges as fuel and oil prices rapidly increase worldwide, leading to infrared prices.
At the peak of the COVID-19 pandemic, many of the leading local manufacturers and brands in categories such as fresh milk and yoghurt faced production delays and supply disruptions. While this undoubtedly presented challenges, the country’s leading importers of dairy products faced even more serious issues due to the major interruptions that have been seen to imports of chilled package to products.
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.
Fuel prices in Myanmar have more than doubled since the coup in February 2021, as the cost of crude oil has jumped in international markets and the Myanmar Kyat has weakened significantly against the US Dollar amid post-coup political turmoil. As a result, freight transportation and other logistical costs have also increased in 2021 and 2022.
Starting from February 2022, the Ministry of Electricity and Energy has been distributing power periodically due to reduced power generation capacity, with each power outage lasting more than five hours for twice a day. This has had a significant negative impact on small and medium-sized dairy manufacturers who are using generators during power outages to run operations and cold-chain systems etc.
Budget dairy products and alternatives are expected to drive sales over the forecast period with habitual consumption being the key purchasing decision influencer. Consumption at foodservice establishments is also expected to continue recovering since the on-trade channel resumed its operations in late 2021.
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Dairy Products and Alternatives
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