Product Code: ETC040155 | Publication Date: Jan 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Myanmar Candy Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at -6.90% in 2025, climbs to a high of 13.28% in 2028, and moderates to 10.25% by 2029.
The Candy market in Myanmar is projected to grow at a growing growth rate of 9.15% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The candy market in Myanmar is growing, driven by the increasing consumer preference for confectionery products. This market includes a wide range of candies, from traditional sweets to modern chocolates and gummies. Factors such as urbanization, rising disposable incomes, and the influence of Western lifestyles contribute to the market`s expansion. Additionally, festive seasons and cultural celebrations significantly boost candy sales, making it a vibrant and dynamic market segment.
The candy market in Myanmar is primarily driven by the growing young population and their increasing disposable income. The rising urbanization and changing lifestyle patterns have led to a higher demand for confectionery products. Seasonal and cultural festivals also play a significant role in boosting candy sales. Additionally, the introduction of new flavors and product innovations by manufacturers to attract consumers further drives the market. The influence of western culture and the growing popularity of international candy brands also contribute to the market`s growth.
The candy market in Myanmar faces challenges related to competition from traditional sweets and snacks that are deeply ingrained in local culture. Additionally, there are health concerns among consumers regarding the high sugar content in candies, which can affect demand. The market also struggles with issues of quality control and food safety standards, as many local manufacturers lack the necessary infrastructure and expertise to produce high-quality candies consistently. Furthermore, the distribution network in Myanmar is underdeveloped, making it difficult for manufacturers to reach a wider audience efficiently.
The candy market in Myanmar is regulated by the Ministry of Commerce and the Food and Drug Administration (FDA). Policies focus on ensuring food safety and quality, with strict guidelines for manufacturing, labeling, and packaging. The government also promotes local production through various incentives and ensures that imported candies meet stringent health and safety standards.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Myanmar Candy Market Overview |
3.1 Myanmar Country Macro Economic Indicators |
3.2 Myanmar Candy Market Revenues & Volume, 2021 & 2031F |
3.3 Myanmar Candy Market - Industry Life Cycle |
3.4 Myanmar Candy Market - Porter's Five Forces |
3.5 Myanmar Candy Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Myanmar Candy Market Revenues & Volume Share, By Distribution, 2021 & 2031F |
4 Myanmar Candy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Myanmar Candy Market Trends |
6 Myanmar Candy Market, By Types |
6.1 Myanmar Candy Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Myanmar Candy Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Myanmar Candy Market Revenues & Volume, By Chocolate Candy, 2021-2031F |
6.1.4 Myanmar Candy Market Revenues & Volume, By Non-Chocolate Candy, 2021-2031F |
6.2 Myanmar Candy Market, By Distribution |
6.2.1 Overview and Analysis |
6.2.2 Myanmar Candy Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.2.3 Myanmar Candy Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Myanmar Candy Market Revenues & Volume, By Specalist Retailers, 2021-2031F |
6.2.5 Myanmar Candy Market Revenues & Volume, By Online Retail, 2021-2031F |
6.2.6 Myanmar Candy Market Revenues & Volume, By Others, 2021-2031F |
7 Myanmar Candy Market Import-Export Trade Statistics |
7.1 Myanmar Candy Market Export to Major Countries |
7.2 Myanmar Candy Market Imports from Major Countries |
8 Myanmar Candy Market Key Performance Indicators |
9 Myanmar Candy Market - Opportunity Assessment |
9.1 Myanmar Candy Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Myanmar Candy Market Opportunity Assessment, By Distribution, 2021 & 2031F |
10 Myanmar Candy Market - Competitive Landscape |
10.1 Myanmar Candy Market Revenue Share, By Companies, 2024 |
10.2 Myanmar Candy Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |