The production of whole evaporated milk in Malaysia is forecasted to exhibit steady growth from 2024 to 2028. In 2023, actual production stood at 30.14 Thousand Metric Tons. The expected year-on-year variations are as follows: from 2023 to 2024, 1.43%; from 2024 to 2025, 1.47%; from 2025 to 2026, 1.42%; from 2026 to 2027, 1.34%; and from 2027 to 2028, 1.32%. The compound annual growth rate (CAGR) over the next five years is approximately 1.40%.
Key future trends to watch for include potential shifts in consumer preferences towards plant-based milk alternatives, which could impact demand, as well as government policies affecting dairy production and import-export dynamics within the region.
