The forecasted import of vitamins in dosage forms to Malaysia demonstrates a gradual increase from 2024 to 2028, starting at 1.8538 million kilograms in 2024 and reaching 1.9352 million kilograms by 2028. To provide context, the imports in 2023 stood at 1.8330 million kilograms.
The year-on-year percentage variations are as follows:
- 2024: increase of 1.1%
- 2025: increase of 1.1%
- 2026: increase of 1.1%
- 2027: increase of 1.1%
- 2028: increase of 1.0%
The Compound Annual Growth Rate (CAGR) over the forecasted period of 2024-2028 is approximately 1.1% per year.
Future trends to watch for include advancements in health awareness, regulatory changes, and potential shifts in demand based on consumer preferences for plant-based or synthetic vitamins. Additionally, monitoring fluctuations in global supply chains and raw material costs will be critical.
