The infant food demand in Malaysia has shown variable growth over the past decade, with values expressed in Thousand Metric Tons. In 2023, the demand stood at 56.0 thousand metric tons. From 2014 to 2023, the market experienced fluctuations such as a dip in 2020. Recent years have shown modest increments, with a 1.82% year-on-year increase in 2023. The five-year compound annual growth rate (CAGR) up to 2023 is 1.11%.
Looking ahead, the forecasted data suggests a continued steady growth with a forecasted five-year CAGR of 0.87% and an overall growth rate of 4.42% by 2028. Key trends to monitor include demographic shifts, particularly birth rates and changes in parental preferences, economic conditions, and the introduction of new product formulations and innovations.
