Based on the forecasted data, the cream market size volume per capita in Malaysia is expected to gradually increase from 0.4 kg in 2024 to 0.45 kg by 2028. Comparing these forecasted figures with the actual volume in 2023, which stood at 0.39 kg per capita, the year-on-year percentage increase from 2023 to 2024 is approximately 2.56%. This growth trend is anticipated to continue with an average annual growth rate (CAGR) of 3.03% over the next five years.
Future trends to watch for include potential shifts in consumer preferences towards healthier and organic cream products, increased urbanization leading to higher demand for convenience foods, and the impact of economic factors such as inflation and disposable income on consumer purchasing behavior. Marketing strategies focusing on these trends may prove beneficial for industry stakeholders.