Malaysia Food & Drink Q1 2021
Growth in the Malaysian food and non-alcoholic drinks market will slow over 2021, as the sector moves from higher thannormal growth over 2020, as a result of consumer's reacting to the Covid-19 pandemic. Growth in alcoholic drinks spending willperform well, as consumer spending patterns normalise post-Covid-19. However, we note that several demand-side risks willcontinue to put pressure on non-essential spending over the short term. Malaysia boasts a large young adult population (20-39years old) that is becoming increasingly health conscious and is open to trying new and innovative food and drink products.
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