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Malaysia Bakery Products Market: By Product Type, By Category, By Distribution Channel, and Country
Malaysia Bakery Products Market: By Product Type, By Category, By Distribution Channel, and Country
Malaysia bakery products market was valued at RM 3,140.3 Million in 2023 and is projected to reach RM 3,788.9 Million by 2029 owing to the convenient, ready-to-eat bakery products are becoming more and more popular among customers as their dietary habits and lifestyles change. Furthermore, there has been a noticeable rise in the desire for healthier products like whole grain bread and low-sugar pastries. In addition, as people's lives become more hectic and urbanized, there is a growing need for packaged and portable bakery goods that fit their fast-paced lifestyles.
In 2023, Bread & Rolls segment accounted for a larger revenue share and is projected to grow with a CAGR of 1.9% from 2023-2029. Rolls and bread are versatile foods that can be served at different meal times. They may be eaten for breakfast, lunch, supper, or as a snack, which makes them a flexible option for customers with a range of nutritional choices and habits. Rolls and bread are also renowned for their extended shelf life and ease of use. Long-lasting freshness and convenient storage make them a top pick for customers looking for products with longer shelf lives.
In the Category segment, the frozen segment is expected to witness significant market share due to rising demand for frozen bakery products such as cakes, pastries, ready-to-eat-muffins, and croissants owing to their long shelf life. In addition to that, frozen bakery products are growing at higher CAGR when compared to the fresh bakery products market.
Among the Distribution Channel segment, the hypermarkets & supermarkets segment accounted for a larger revenue share and is projected to grow with a CAGR of 3.1% from 2023-2029. Supermarkets and hypermarkets offer a one-stop shopping experience for consumers, providing a wide assortment of products, including bakery items, under a single roof. This convenience attracts a significant number of shoppers seeking to fulfill their grocery and bakery needs in a single visit. Besides this, supermarkets and hypermarkets have extensive and well-established distribution networks.
Increase in the population in Malaysia coupled with rise in demand for processed food products is a key factor drives the Malaysia bakery products market. Moreover, manufacturing of newer bakery products by the market players, change in lifestyle, rise in disposable income, technological advancements in the baking techniques, rise in number of food chains and convenience stores, and entry of market players into Malaysia are anticipated to surge the Malaysia bakery products market over the forecast years. However, fluctuations in raw material cost, rise in health concerns among the population, increase in the prevalence of obesity and other metabolic disorders, and availability of alternative products are hinder the growth of bakery industry in Malaysia.
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The Malaysia bakery products market size was valued at RM 3,140.3 Million in 2023
The Malaysia bakery products market key players are Mauri Malaysia Sdn. Bhd., Deligateaux Sdn Bhd, LEE'S FROZEN FOOD SDN. BHD., Rotinas Bakery, Bison Consolidated Bhd
2023 is the base year and 2030 is the forecast year.
List of Figures
List of Tables
Table 1: Malaysia Bakery Products Market- Historical, Forecast Market Sizes (RM Million), By Product, 2018-2029
Table 2: Malaysia Bakery Products Market- Historical, Forecast Market Sizes (RM Million), By Category, 2018-2029
Table 3: Malaysia Bakery Products Market- Historical, Forecast Market Sizes (RM Million), By Distribution Channel, 2018-2029
Key Market Players
Bakery Ingredient Suppliers/Manufacturers
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.