Malaysia

In 2022, total packaging volumes of processed fruit and vegetables turned to marginal decline. This was after two years of strong growth during the pandemic, when consumers spent more time at home and cooked more at home and stockpiled food. There…

Brick liquid cartons was the dominant pack type for plant-based dairy in 2022. However, it lost slight share of overall packaging volumes to metal beverage cans in this year, for a few reasons. When compared with brick liquid cartons, metal beverage…

In 2022, total packaging volumes for meals and soups turned to decline, after two years of solid growth. Metal food cans remained the most significant pack type in 2022, but turned to strong decline in this year, falling out of favour compared with…

Total dairy packaging units continued to see a stable increase in 2022. Yoghurt, flavoured milk drinks, and condensed milk were the biggest individual categories in terms of dairy packaging units. Other plastic bottles is the dominant pack type for…

In 2022, confectionery packaging saw a second year of rebounding sales after a poor performance in 2020, during the first year of the pandemic, which helped drive volumes above the 2019 level. In 2022, plastic pouches witnessed an increase in pack…

In 2022, total packaging volumes for baby food recorded solid growth. Flexible plastic remained the leading pack type for baby food, followed closely by folding cartons, and despite their already high base, they still witnessed above-average growth…

Malaysia is projected to experience robust income growth, with the country expected to achieve high-income status between 2024 and 2028, according to World Bank estimates. In 2027, individuals aged 30-34 are forecast to maintain the highest per…

Value sales of premium and luxury cars are set to rise by 5% in current terms to total MYR13.4 billion in 2023. Growth is being supported by elevated demand from more affluent consumers who are continuing to invest in new vehicles despite the…

Personal luxury is set to see current value growth of 11% in 2023 to reach MYR8.4 billion, supported by strong performances from leading brand providers, such as Louis Vuitton Malaysia Sdn Bhd, Hermes Retail (M) Sdn Bhd and Richemont Luxury Malaysia…

Population expansion, higher birth rates, large youth cohort, migration and urbanisation continue to shape Malaysia’s demographic landscape. Cultural inclination to save and budget influence consumer spending patterns, while expanding middle class…

Retail value sales of luxury goods in Malaysia are set to rise by 15% in 2023 in current terms to amount to MYR31.0 billion. A combination of a renewed desire for indulgence, pent-up demand, and the resumption of key activities, including travelling,…

Value sales of fine wines/Champagne and spirits are set to grow by 9% to total MYR292 million in 2023. Socialising over a drink with friends remains a priority pastime for many and this has boosted sales in 2023, following the limits placed on…

Despite macroeconomic adversity on a global scale, tourist demand in 2023 was on the rise, with a growing number of visitors taking their holidays in Malaysia. Consumer demand has also been shifting from manufactured goods back towards services now…

In 2023, yoghurt is expected to continue to recover slowly from the decreases in retail volume sales registered in the early-to-mid review period, including, but not limited to, the Coronavirus (COVID-19) crisis. Therefore, the market size is…

“Other” plant-based milk is projected to continue to see dynamic retail volume and current value and foodservice volume growth to continue to gain on soy drinks over 2023. “Other” plant-based milk is increasingly present on menus in foodservice…

Condensed and evaporated milk is expected to maintain its dominance in retail volume and current value terms to shape the category in 2023. The average retail current unit price of condensed and evaporated milk is predicted to spike over 2023. The…

Further retail volume and current value growth is expected across drinking milk products in 2023. The constant strong upward trajectory in the demand for drinking milk products through the review period, including the Coronavirus (COVID-19) crisis of…

Baby food continues to be adversely affected by falling birth rates, economic difficulties, breastfeeding and home-cooked alternatives and variances in distribution. Dried and prepared baby food can be easily replaced by home-cooked food, while…

The dominant category in both retail volume and value terms, processed cheese (excluding spreadable), is being developed by significant new product development towards the end of the review period. The domestic foodservice operator QSR Trading Sdn…

During much of 2020 and 2021 consumers found themselves confined to their homes due to the government’s measures to stem the tide of the Coronavirus (COVID-19) pandemic. This encouraged them to take up cooking and baking as a hobby. This trend had a…