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!
- Euromonitor International, Malaysia Dairy Market Report, 2023: https://www.euromonitor.com/malaysia
- Mordor Intelligence, Malaysia Dairy Market Report, 2023: https://www.statista.com/outlook/40100000/122/confectionery-snacks/malaysia
- Euromonitor International, Southeast Asia Dairy Market Report, 2023: https://www.statista.com/outlook/dmo/ecommerce/food/confectionery-snacks/worldwide
- Mordor Intelligence, Southeast Asia Dairy Market Report, 2023: https://www.statista.com/outlook/dmo/ecommerce/food/confectionery-snacks/worldwide
