Drinks

The Malaysian drinks market is expected to grow at 5.4% CAGR from 2023 to 2028, reaching MYR 32.3 billion by 2028. Non-alcoholic drinks dominate, contributing over 70% in 2022, led by bottled water, ready-to-drink tea, and energy drinks. Alcoholic drinks follows, accounting for over 25%, driven by beer and wine popularity among the younger population.

Southeast Asia’s drinks market is expected to grow at a 6.2% CAGR, reaching USD 96.4 billion by 2028. Similar drivers to Malaysia impact this market.

Step into the thriving drinks market landscape! Uncover untapped opportunities, embrace innovation, and expand your reach in both Malaysia and Southeast Asia. It’s time to seize the momentum and steer your business towards growth in this dynamic market!

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Dairy

Malaysia’s Dairy market exceeds MYR 10 billion in 2023 and is expected to grow at a CAGR of over 3%. Key drivers include increasing urbanization, rising disposable incomes leading to increased spending on dairy products, and heightened awareness of the health benefits associated with items like milk, yogurt, and cheese. 

In the broader Southeast Asia region, the dairy market surpasses USD 25 billion in 2023, expecting a CAGR over 5% annual growth. Similar drivers as seen in the Malaysian market – increasing urbanization, rising incomes, growing health consciousness, and an expanding distribution network are propelling this regional market’s growth.

Embrace the opportunities in the burgeoning dairy market in Malaysia and Southeast Asia. Explore the growth potential and diverse avenues within this thriving industry. Join us in the journey toward dairy market expansion and establish your presence in this evolving landscape today!

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Confectionery & Snacks

Malaysia’s Confectionery & Snacks market values over MYR 5 billion in 2023 and is expected to grow at a CAGR of over 3%. It’s divided into segments: Chocolate (30%), Biscuits and Cookies (over 20%), Candy and Gum (over 15%), and Salty snacks (growing over 10%).

In Southeast Asia, the Confectionery & Snacks market exceeds USD 15 billion in 2023, expected to grow at a CAGR of over 5%. Similar drivers impact this broader market, with segments aligning closely with Malaysia’s market categories.

Learn more about how you can seize your place in the thriving Confectionery & Snacks market today! Join us to explore the growing opportunities in Malaysia and Southeast Asia.

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Chilled & Fresh

The Chilled & Fresh food market exceeds USD 100 billion in 2023 and is expected to grow at a CAGR of 5.65% in the upcoming five years due to increased demand from rising incomes, urbanization, and changing consumer preferences. E-commerce growth further fuels this expansion. In Malaysia and Southeast Asia, similar trends prevail: a surge in demand for convenient, healthy food options and increased availability of chilled & fresh products through e-commerce.

Explore the expanding Chilled & Fresh market, driven by rising demand growth. Learn more about how you can position your business in the chilled & fresh food industry in Malaysia and Southeast Asia. Get in touch today!

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