Food And Beverages Industry In Malaysia

The food and beverage industry is seeing an average annual increase of 7 6 and reflects an enhancement in private consumption and lifestyle.

Food and beverages industry in malaysia. Food beverage mifb will work in line to grow malaysia s trade by bringing in f b providers industrial experts innovators to offer a plethora of products and services under one roof. Malaysians love for food has created a large market in the food and beverage f b industry. The government s continuous efforts to increase food production and liberalise trade have meant that most malaysians today have access to a wide selection of local and import ed f b products. Food trends 2019 the panel was led by fonterra brands malaysia s new product development scientific and regulatory affairs director megawati suzari who was joined by kantar worldpanel s regional account director karen leong and le cordon bleu trained chef james won who is the owner of enfin an award winning french restaurant in kuala lumpur.

Considering the overall growth of the sector the future of malaysia s f b sector is promising. These positive results are attracting attention from foreign businesses abroad and now the fab sector has become a primary area for investment by the government in malaysia. Natural and healthy produce showcase will be an ideal platform for companies serving the food and beverage industry and is constantly finding innovative. The market research company bmi research estimated the malaysian f b market in 2017 including food sales alcoholic drinks spending and non alcoholic drinks sales at myr 173 63bn representing a 9 71 growth from 2016.

Revenue in the food beverages segment is projected to reach us 84m in 2020. F b services recorded a gross output value of rm82 8 billion in 2017 as compared to rm66 4 billion in 2015 with an annual growth rate of 11 7 per cent.