In 2023, Myanmar's recovery from the COVID-19 pandemic and military coup faces new challenges due to global inflation. Soaring prices have led to decreased purchasing power, prompting a shift in snack consumption patterns.
In 2023, Myanmar continues to see a strong recovery from the COVID-19 pandemic and the military coup that took place in February 2021. However, the country now faces a new set of issues due to global inflation which is causing prices to skyrocket and hence purchasing powers to decrease.
Savoury snacks and sweet biscuits are the most popular categories within snacks in Myanmar. These categories appeal to a wide range of consumers regardless of age, gender, income level, and geographical region.
Myanmar’s real GDP growth is expected to increase from 0.5% in 2022 to 2.
In 2023, the cost of raw material have increased, resulting in higher operational costs for business, both local and international. Meanwhile, supply-chain distributions due to regional conflicts and importing challenges continue as The Central Bank has tightened its regulations on foreign currencies, which is another factor impacting the growth of snacks.
Myanmar is expected to see a return to economic growth over the forecast period, although much will depend on the new government’s ability to attract foreign direct investment. The country will continue to benefit from low labour costs and a strategic location between India, China, and Thailand.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Snacks industry in Myanmar with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Snacks industry in Myanmar, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Snacks
This report originates from Passport, our Snacks research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!