Frozen Food Industry Analysis

World and Malaysia Frozen Food Industry Analysis

Malaysia Frozen Food Industry Analysis

Nowadays,the frozen food industry in Malaysia is increasing rapidly as an effect of rapid urbanization in the country. As we can clearly, due to this industry growth it leads to the rise of frozen food companies in Malaysia such as Hsh Frozen Foods Sdn Bhd, Zheng Food (Malaysia) Sdn Bhd, Lucky Frozen Sdn Bhd and many more. These frozen food companies make various essential frozen food such as frozen meat, seafood, vegetables, and fresh fruits.

 The organization that responsible for the frozen food industry in Malaysia is Malaysian Frozen Foods Processors Association (MFFPA). According to the MFFPA, the Malaysia frozen food industry and the list of frozen food companies in Malaysia are also benefiting from the fact that their neighboring countries have been found to be supplying antibiotic laded frozen foods, especially seafood which is driving the frozen food industry growth in the country and the demand for the frozen food in Malaysia is also thriving as the country is witnessing stable economic growth and consumers are willing to spend higher on food nowadays. 

As revealed by a journal of the Malaysian Frozen Foods Processors Association, the frozen food industry in Malaysia is forecasted to expand at a compound annual growth rate (CAGR) of more than 7% for the next five years to reach a market size of over $800 million by the end of 2023. As we can conclude from the (CAGR),  is the frozen food industry has a bright future in Malaysia and international level.

Posted by : Nur Ain Syifa Binti Sulaiman 1524556