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Plant-Based Dairy in Malaysia

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    Report

  • 19 Pages
  • August 2024
  • Region: Malaysia
  • Euromonitor International
  • ID: 5738987
In 2024, plant-based dairy in Malaysia is projected to see a strong decrease in retail volume sales and a moderate downturn in retail current value sales. This is partly due to intense competition between soft drinks (juice and Asian speciality drinks) and soy drinks, with these products displayed side-by-side and available at similar price points. Moreover, juice and Asian speciality drinks are seeing extensive brand activity, which lures consumers away from soy drinks.

The Plant-based Dairy in Malaysia report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Plant-based Cheese, Plant-based Milk, Plant-based Yoghurt.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Plant-based Dairy market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Soy drinks and “other” plant-based milk see lower demand in 2024
  • Players look to new products, marketing and distribution to get ahead
  • Players enter the fray aggressively with new health-orientated products
PROSPECTS AND OPPORTUNITIES
  • Soy drinks is likely to lose ground to “other” plant-based milk
  • Players are expected to boost brand image through marketing campaigns and novelties
  • Plant-based cheese and yoghurt still await strong investments in order to take off
CATEGORY DATA
  • Table 1 Sales of Plant-Based Dairy by Category: Value 2019-2024
  • Table 2 Sales of Plant-Based Dairy by Category: % Value Growth 2019-2024
  • Table 3 Sales of Other Plant-Based Milk by Type: % Value 2021-2024
  • Table 4 NBO Company Shares of Plant-Based Dairy: % Value 2020-2024
  • Table 5 LBN Brand Shares of Plant-Based Dairy: % Value 2021-2024
  • Table 6 Distribution of Plant-Based Dairy by Format: % Value 2019-2024
  • Table 7 Forecast Sales of Plant-Based Dairy by Category: Value 2024-2029
  • Table 8 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2024-2029
DAIRY PRODUCTS AND ALTERNATIVES IN MALAYSIA
EXECUTIVE SUMMARY
  • Dairy products and alternatives in 2024: The big picture
  • Key trends in 2024
  • Competitive landscape
  • Channel developments
  • What next for dairy products and alternatives?
MARKET DATA
  • Table 9 Sales of Dairy Products and Alternatives by Category: Value 2019-2024
  • Table 10 Sales of Dairy Products and Alternatives by Category: % Value Growth 2019-2024
  • Table 11 NBO Company Shares of Dairy Products and Alternatives: % Value 2020-2024
  • Table 12 LBN Brand Shares of Dairy Products and Alternatives: % Value 2021-2024
  • Table 13 Penetration of Private Label by Category: % Value 2019-2024
  • Table 14 Distribution of Dairy Products and Alternatives by Format: % Value 2019-2024
  • Table 15 Forecast Sales of Dairy Products and Alternatives by Category: Value 2024-2029
  • Table 16 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources