Malaysia Food & Drink Q4 2018
Malaysia’s food and drink industry will exhibit robust growth throughout our forecast period through to 2022. Healthymacroeconomic conditions will continue to support growth in household incomes and will result in higher spending on food anddrink. We are forecasting growth in the food sector to average 8.5% over the coming five years. Alcohol consumption will remainlow, however spending levels, in local currency terms, will see healthy growth, with a CAGR of 8.0%. We anticipate premiumisation tobecome an increasingly common trend throughout many sectors as the country’s growing middle class continue to demandhealthier and more expensive products.
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