In 2023, Malaysia's whole condensed milk production stood at an actual value of approximately 294.67 thousand metric tons. Forecasted data for the subsequent years shows a consistent growth: 299.21 thousand metric tons in 2024, 304.19 in 2025, 309.08 in 2026, 313.87 in 2027, and 318.56 in 2028. This indicates a steady year-on-year increase, with variations showing a growth rate of around 1.67% in 2024, 1.67% in 2025, 1.61% in 2026, and 1.55% in 2027. The average annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.60%.
Future trends to watch for include potential impacts from changes in consumer preferences, technological advancements in dairy processing, and economic factors influencing production costs. Additionally, regulatory changes and global dairy market conditions could also play a significant role in shaping the outlook for whole condensed milk production in Malaysia.
