Food And Beverage Industry In Malaysia Statistics 2020
Revenue is expected to show an annual growth rate cagr 2020 2024 of 14 5 resulting in a projected market volume of.
Food and beverage industry in malaysia statistics 2020. Malaysia has a growing domestic f b market driven by a growing population and rising income. The f b industry in malaysia has called for food businesses in all states nationwide to concurrently resume as per the government s recent loosening of covid 19 related lockdown restrictions but has hit a snag with seven of the nation s 14 states refusing to fully restart operations. Malaysia food beverage reports. Get the latest trends and understand the impact of the crisis on the market.
Key trading statistics 1. A survey was conducted among thousands of restaurants in key locations of hong kong india australia. Malaysia food and beverage sector report 2020 2021 an emis insights industry report emis is an isi emerging markets group company date. Food and beverage services comprise activities of food services event catering services and beverage services.
This services recorded a total of 569 632 persons as paid full time employees with percentage share of 63 9 per cent while working proprietor s unpaid family workers 254 364 persons 28 5 and paid part time employees 67 620 persons 7 6. Our 2020 malaysia report include trends statistics opportunities sales data market share segmentation projections on the food beverage market. 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.
Number of persons engaged in food and beverage services was 891 616 persons in 2015 compared to 645 743 persons in 2010 with annual growth of 6 7 per cent. Find f b research reports including industry overviews statistics and trends business opportunities and recommendation for food and beverage industry in asia pacific. Access new updated reports and statistics for the beverage industry in malaysia. Nassau candy acquired pennsylvania dutch candies a manufacturer of unique in store candy and food displays.
Food and beverage update june 2020.