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Cambodia, Laos and Myanmar are probably the last bastion in Southeast Asia where highly processed food products have not made their strong presence due to its small urban population, low disposable incomes and poor logistics and distribution channels.
Latest Q2 2023 report by Fitch Solutions (Fitch) unveiled huge market opportunity for F&B businesses in Cambodia and Laos, however in Myanmar, the political risks continue to remain elevated, and will result in greater international isolation which will hurt the country’s economy. Despite the risks, Fitch Solutions is still optimistic of Myanmar and it expects greater household spending on food and drink in 2023. (refer Chart 1.0)
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