Forecast: Biscuits Production in Malaysia

Biscuits production in Malaysia showed significant fluctuations from 2013 to 2023, peaking in 2017 at 267.19 thousand metric tons. The two most notable rises were in 2016 (58.42%) and 2015 (7.97%). However, it experienced significant declines in 2019 (-35.6%) and 2022 (-10.1%). Over the long term, the average annual growth rate (CAGR) fell drastically to -9.95% in the last five years, yet it is expected to stabilize to a more modest 1.36% CAGR through 2028.

In 2023, this industry stood at 151.28 thousand metric tons. Looking forward, there is an expected modest growth trend, with biscuits production forecasted to reach 164.81 thousand metric tons by 2028, representing a 6.99% growth over the period.

Future trends to watch for include:

• Increasing health-conscious consumer preferences which may influence product formulations and demand.

• Technological advancements in production for cost-efficiency and product innovation.

• Market dynamics influenced by raw material costs and trade policies.