Beer production in Malaysia showed an overall growth trend from 2014 to 2023, starting at 295 thousand metric tons in 2014 and reaching 316 thousand metric tons by 2023. The beer production demonstrated year-on-year variations, with significant growth between 2015 and 2016, and a decline in 2020 due to possible impacts of the Covid-19 pandemic. However, recovery was observed in 2021 with a 5.6% increase. The most recent CAGR from 2019 to 2023 averaged at 0.38% annually.
Looking ahead, the forecast from 2024 to 2028 suggests a moderate growth trend with an average annual growth rate (CAGR) of 0.29%, and overall growth of 1.43%. This trajectory indicates that the market is stabilizing, with consistent albeit modest increases.
Trends to watch for in the future include potential impacts of regulatory changes, shifts in consumer preferences towards craft and specialty beers, and the influence of economic factors on production and consumption patterns.
