Malaysian Food & Beverage Industry – A Quick Look
The food and beverage industry in Malaysia is characterized as a fast-growing industry with large export market of over 200 countries. This industry is predominantly made up of Malaysian-owned, small and medium scale companies as well as notable foreign and MNCs companies. The food-processing sector account for about 10% of Malaysia’s manufacturing output.
Besides, Malaysian food industry is as diverse as the cultures in Malaysia with wide range of food and beverage with Asian taste. Hence, the manufacturers would need a wide variety of ingredient choice or food processing technology to meet these diversified demands.
In 2017, there were 66 food-processing projects worth investments of RM2.3 billion approved. As of March 2018, the Malaysian Investment Development Authority (MIDA) had approved 2,154 F&B manufacturing projects with investment of RM 51.2 billion.
To contribute to this sector's growth, FoodBE Malauysia is established as a professional yet effective trade platform to gather the related industry stakeholders for business or knowledge improvement, help moving forward Malaysia's F&B industry to a greater height.