Malaysia Sugar Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Form (Granulated, Powdered, Syrup), By Source (Cane Sugar, Beet Sugar), By Use (Food And Beverage, Pharmaceuticals), And By Distribution Channel (Online, Offline) - Forecasts From 2022 To 2027

  • Published : May 2023
  • Report Code : KSI061613265
  • Pages : 70

The Malaysia sugar market is expected to grow at a compound annual growth rate of 0.88% over the forecast period to reach a market size of US$1,001.596 million in 2028 from US$942.012 million in 2021.

Sugar is used widely across different industry verticals such as food & beverage, and confectionary, among a few. Sugar provides the body with energy in the form of glucose, which is essential for the optimal functioning of the brain, muscles, and nervous system under normal conditions.  Sugar is consumed by people of all socioeconomic backgrounds and is widely available in a variety of retail formats such as convenience stores, department stores, supermarkets/hypermarkets, and so on.

The demand from the food and beverage industry is a key driver of sugar consumption and is predicted to have a favourable impact on the sugar business.

The Malaysian food and beverage sector is relatively resistant to economic volatility. As a result, the sector has seen consistent development in recent years. Sugar-based product demand in developing sectors of Malaysia is being driven by increased disposable incomes, urbanization, and changing food preferences. As a result, major companies are collaborating and investing in the sugar market due to the high demand for sugar in Malaysia. For instance, in January 2021: Central Sugar Refinery (CSR), a leading sugar refiner, announced a collaboration with award-winning food technology business Nutrition Innovation to introduce their groundbreaking new sugar production technology, Nucane Life, to Malaysia. This is a huge advancement that will help commercial brands as well as consumers. Nucane Life has earned worldwide acclaim for its breakthrough idea in sweetening. Moreover, with the rising population and disposable income levels among customers in the country, the demand for baked goods has expanded dramatically in recent years.

Urbanization is another key driver of the sugar market in Malaysia.

As more people move to urban areas, there is an increase in demand for processed foods and beverages, which often contain granulated sugar as an ingredient. The convenience and availability of processed foods and beverages in urban areas also contribute to the growth of the granulated sugar market. Additionally, as per the 2020 report of Faostat, Malaysians used 41.6 kilograms of sugar per capita in 2020. Malaysia is ranked 10th out of 161 nations in terms of interest rate on sugar per capita consumption. According to MSM Malaysia Holdings Ltd, the sugar demand rose by 5 to 10% in the second half of 2021.

Market Restraints

Over the years, people have significantly changed their habits toward the healthier side. Sugar, which is a staple food across the globe, can lead to severe health diseases if taken in excess. People demanding low-sugar or sugar-free alternatives is a key market restraint. This strong demand is linked to increasing cases of diabetes and obesity.

Malaysia Sugar Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$697.787 million
 Market Size Value in 2027  US$914.213 million
 Growth Rate  CAGR of 3.93% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Form, Source, Use, And Distribution Channel
 Companies Covered Central Sugars Refinery Sdn. Bhd., MSM MALAYSIA HOLDINGS BERHAD, Wilmar International Ltd, InterGlobal Products
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By Source
    • Cane Sugar
    • Beet Sugar
  • By Type
    • Granular
    • Powder
    • Liquid
  • By Application
    • Food & Beverages
    • Pharmaceutical
    • Industrial
  • By Distribution Channel
    • Online
    • Offline

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. MALAYSIA SUGAR MARKET, BY SOURCE

5.1. Introduction

5.2. Cane Sugar

5.3. Beet Sugar

6. MALAYSIA SUGAR MARKET, BY TYPE

6.1. Introduction

6.2. Granular

6.3. Powder

6.4. Liquid

7. MALAYSIA SUGAR MARKET, BY APPLICATION

7.1. Introduction

7.2. Food & Beverages

7.3. Pharmaceuticals

7.4. Industrial

8. MALAYSIA SUGAR MARKET, BY DISTRIBUTION CHANNEL

8.1. Introduction

8.2. Online

8.3. Offline

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Central Sugars Refinery Sdn. Bhd. 

10.2. MSM MALAYSIA HOLDINGS BERHAD

10.3. Wilmar International Ltd

10.4. InterGlobal Products


Central Sugars Refinery Sdn. Bhd. 

MSM MALAYSIA HOLDINGS BERHAD

Wilmar International Ltd

InterGlobal Products