Overall volume sales of cooking ingredients and meals categories continued to increase steadily in 2024 as the economy continued to recover from the pandemic and post-coup economic downturn. Sales were driven by habitual consumption, distribution channel expansion and product innovation.
Cooking ingredients and meals in 2024: The big picture
Retail prices of cooking ingredients and meals increased further in 2024 due to inflation and currency exchange rate depreciation, which has driven up raw material and production costs for local manufacturers and importers. As a result of these average unit price increases, households are opting for low-volume pack sizes or switching to more affordable alternatives across different categories.
Country background
Myanmar is expected to see GDP growth of 1.2% in 2024 and 2.
Socioeconomic trends
Ongoing economic pressures are having a significant negative effect on consumer confidence and food security, particularly for low socioeconomic households whose savings have been drained as a result of inflation and reduced income levels. As a result, households have become more price conscious when spending on essential cooking ingredients that they consume regularly, such as edible oils, sauces, seasonings and condiments.
Logistics/infrastructure
Daily power outages, along with increasing fuel and logistics costs, continue to significantly impact manufacturing operations, driving up retail prices for groceries, including cooking ingredients and meals. On the positive side, many households are switching to packaged ready meals, ordering takeout from foodservice outlets or dining out due to insufficient time or resources to prepare meals at home.
What next for cooking ingredients and meals?
Cooking ingredients and meals will see consistent growth over the forecast period. Much of this will stem from positive economic growth over the forecast period, with rising levels of foreign direct investment supported by the country's low labour costs and its strategic location between India, China and Thailand.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals 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 Cooking Ingredients and Meals 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.
The Cooking Ingredients and Meals in Myanmar report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cooking Ingredients and Meals in Myanmar?
- Which are the leading brands in Cooking Ingredients and Meals in Myanmar?
- How are products distributed in Cooking Ingredients and Meals in Myanmar?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Myanmar?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in Myanmar
Cooking ingredients and meals in 2024: The big picture
Country background
Socioeconomic trends
Logistics/infrastructure
What next for cooking ingredients and meals?
DISCLAIMER
2024 Developments
Prospects and Opportunities
Category Data
2024 Developments
Prospects and Opportunities
2024 Developments
Prospects and Opportunities
Category Data
2024 Developments
Prospects and Opportunities
Category Data
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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