The forecasted data for wine market size volume per capita in Malaysia shows a steady growth trajectory from 2024 onwards. In 2023, the volume stood at 0.16 kilograms per capita. The projected values exhibit a consistent increase to 0.17 kilograms per capita in 2024 and 2025, progressing to 0.18 kilograms per capita from 2026 to 2028. This indicates a gradual uptrend in per capita consumption of wine over the coming years.
- Year-on-year variation from 2023 to 2024 is estimated at approximately 6.25%.
- The subsequent annual growth remains steady at about 5.88% from 2026 to 2028.
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is roughly 4.46%, implying an average annual increase in wine consumption per capita.
Future trends to watch for include shifts in consumer preferences towards premium and artisanal wines, the impact of regulatory changes on the wine industry, and the influence of economic conditions on disposable income and spending on luxury goods, such as wine.
