Malaysia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Malaysia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Summary

“Malaysia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Indian Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

The foodservice profit sector generated a revenue of MYR80.9 billion ($18.4 billion) in 2022, declining at a CAGR of 0.4% during 2017-22. The decline was primarily due to the operational restrictions on restaurants due to the COVID-19 pandemic, which severely impacted the sector during 2020 and 2021. However, the number of transactions registered a CAGR of 2.1% supported by the reopening of international borders in 2022.Independent operators dominated the profit sector in 2022. FSR was the largest foodservice profit sector channel in 2022, with a share of 39.7%. This reflects the popularity of traditional fine-dining experiences among Malaysian consumers. QSR was the second-largest channel in 2022, accounting for 27.1% of the overall profit sector value.

The report includes -

Overview of Malaysia’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on India's 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 Malaysia’s 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 four major channels including business descriptions and number of outlets.

Scope

• The country’s GDP registered a strong growth of 8.7% in 2022, the highest growth in 22 years. Improvement in business investments, private spending, decrease in unemployment, and the strengthening of the ringgit were the key stimulators for the economic growth in the country. The foodservice profit sector generated a revenue of MYR80.9 billion ($18.4 billion) in 2022, declining at a CAGR of 0.4% during 2017-22. The decline was primarily due to the operational restrictions on restaurants due to the COVID-19 pandemic, which severely impacted the sector during 2020 and 2021. However, the number of transactions registered a CAGR of 2.1% supported by the reopening of international borders in 2022. Independent operators dominated the profit sector in 2022. FSR was the largest foodservice profit sector channel in 2022, with a share of 39.7%. This reflects the popularity of traditional fine-dining experiences among Malaysian consumers. QSR was the second-largest channel in 2022, accounting for 27.1% of the overall profit sector value.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) 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 understand the wants and needs of their target demographics.