Malaysia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Malaysia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

Malaysia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the Malaysian Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The Malaysian foodservice profit sector decreased at a negative CAGR of 4.4% during 2016-2021. Since March 2020, profit sector channels were either operating under restrictions or were closed, leading to decreased dine-in occasions in the sector. Home deliveries and take-aways were permitted during the lockdown restrictions. As a result, several operators adopted new strategies to recover from the crisis; these included increased digitization and a focus on deliveries. Take-away services played a key role in supporting transactions across channels. In the coming years, the reopening of borders will boost the revival of tourism industry which will strongly support transactions across restaurants and cafés, as a result, the foodservice industry is projected to sharply rebound.

The report includes-

- Overview of Malaysia's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Malaysian foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, and coffee & tea shop) within Malaysian foodservice market, including the value of the market, number of transactions, number of outlets, and average transaction price.
• Customer segmentation: identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Malaysian population.
• Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.

• FSR was the largest channel in the Malaysian foodservice profit sector by revenue, representing 39.8% of total sector revenue in 2021. It was followed by QSR, with a market share of 27.1%. The high prominence of the FSR channel largely reflects Malaysian consumers’ preference for a more traditional style of foodservice.
• The FSR channel led in terms of number of outlets in the country, however recorded decline at a negative CAGR of 0.7% during 2016-2021. Similar to this trend, the total number of outlets in the QSR channel also decreased at a negative CAGR of 0.4% during this period.

• Specific forecasts of the foodservice market over the next five years (2021-2026) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, and coffee & tea shop) will allow readers to understand the wants and needs of their target demographics.