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After strong growth in 2023, the food retail sector is expected to see moderate but positive growth in the remainder of 2024. Expansion of convenience stores and small format retail outlets continues, while premium supermarkets have also expanded.

The Malaysian food and beverage manufacturing industry is a significant sector in Malaysia’s economic expansion for both the domestic and export market. This sector includes several multinational corporation facilities as well as a range of local company operations.

Malaysia was the 26th-largest export destination for U.S. agricultural products in 2022, totaling nearly $1.1 billion in value, and is a top prospect for exports of food and beverage ingredients because of its large and growing food processing industry.

Malaysia’s retail sales are projected to grow to US$1.8 billion in 2023. The Malaysian food and beverage retail market is a competitive landscape and is highly fragmented.

The Malaysian food manufacturing and processing industry is an important component of the country’s economic growth and has seen significant development and innovation for shelf stable products as consumer demands increase.

The Malaysian food manufacturing and processing industry is an important component of the country’s economic growth and has seen significant development and innovation for shelf stable products as consumer demands increase. This sector includes several multinational corporation facilities as well as a range of local company operations.

Malaysia was the 25th largest export destination for U.S. agricultural products in 2021 and is a top prospect for exports of food and beverage ingredients because of its large and growing food processing industry. Food and beverages manufactured in Malaysia not only serve domestic consumers but are also exported to many neighboring countries. U.S. exporters of dairy products, fresh and processed potatoes, food-grade soy, processed fruit and juices, tree nuts and more have many opportunities to supply Malaysian industry which depends on imports for key ingredients and inputs, and in doing so will reach consumers across Malaysia and throughout Southeast Asia.

According to the Department of Statistics, Malaysia’s food and beverage sales contributed 11.8 percent ($1.7 billion) to total wholesale sales value of $14 billion for January-April 2022, with a growth of 11.5 percent over the same period last year. The country’s food retailers continue to rapidly develop, and premium grocery stores and convenience outlets are increasingly popular.

The Malaysian food manufacturing and processing industry is an important component of the country’s economic recovery and growth.

The Malaysian food processing industry has been identified as a crucial component of future national economic recovery and growth resulting from the significant disruption of COVID-19 pandemic.

Parties interested in exporting to Malaysia should be aware that country is strictly enforcing nutrition labeling requirements for processed foods.

Although Malaysia’s multibillion-dollar food processing industry has been significantly disrupted in the short-term by the COVID-19 pandemic, the sector is fairly robust and has been identified...