Event
Myanmar FoodBev
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Date/Time
Date(s) - 17/08/2017 - 19/08/2017
All Day
Location
Tatmadaw Exhibition Hall
Categories
Rapid inflow of foreign direct Investment (FDI). FDI was projected at 5 Billion USD for 2014-2015 but was easily surpassed to 8.1 billion USD
Myanmar’s estimated population of around 60 million offers a huge potential new market for imports and investment.
By 2040, Yangon is expected to join the ranks among other mega cities around the world
Myanmar’s total import value for food and beverage was US$1.6 billion in 2012, moving up from US$415 million in 2005 – an average increase of over 20%
Tourism has been rapidly growing with an expected of over 5 million visitors in 2015, a big jump from 3.05 million in 2014. By the year 2020, it is expected to reach at least 7.5 million tourists.
The hospitality and tourism sector has been growing strongly which drove demand for premium food and beverages from hotels, restaurants and catering houses.
The number of supermarkets and hypermarkets has also been growing and expanding and major retailers broadened their imported food lines across fresh, chilled and packaged categories.
