Malaysia Groceries Market (2024-2030) | Analysis, Forecast, Share, Value, Industry, Growth, Revenue, Outlook, Trends, Companies & Size

Market Forecast By Product Types (Packaged Food, Unpackaged Food, Drinks, Tobacco, Household Products, Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Store, Online) And Competitive Landscape

Product Code: ETC016666 Publication Date: Jun 2023 Updated Date: Mar 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Malaysia Groceries Market Highlights

Report Name Malaysia Groceries Market
Forecast period 2024-2030
CAGR 7.7%
Growing Sector Organic

Topics Covered in the Malaysia Groceries Market Report

Malaysia Groceries Market report thoroughly covers the market By Product Types and By Distribution Channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Groceries Market Synopsis

Malaysia Groceries Market is an expanding segment of the country's retail sector, characterized by a blend of traditional wet markets, independent grocers, and a growing presence of e-commerce platforms. Rapid urbanization, changes in consumer behavior, and increased smartphone penetration have fueled the Malaysia Groceries Market Growth. Traditional brick-and-mortar stores are increasingly integrating digital services to cater to the convenience demanded by country’s tech-savvy consumers. With a diverse population, the demand for a wide range of food products, including halal-certified goods, organic produce, and international brands, remains strong, driving competition and innovation within the market.

According to 6Wresearch, the Malaysia Groceries Market size is anticipated to reach a CAGR of 7.7% during the forecast period of 2024-2030. The market is experiencing significant transformation, driven by rapid urbanization, the burgeoning middle class, and the increasing penetration of internet and smartphone usage. These drivers fuel the trend towards online grocery shopping, offering unparalleled convenience and accessibility for the urban consumer. However, the Malaysia Groceries Market also faces challenges, such as logistical complexities and the need for digital literacy among older generations. Despite these obstacles, the integration of AI and blockchain technologies to improve supply chains and assure product quality and traceability creates opportunities for market growth. Furthermore, the growing demand for organic and health-oriented products reflects a shifting consumer preference towards healthier lifestyles, opening new avenues for retailers and suppliers alike. Moreover, the increasing popularity of e-commerce has also given rise to the concept of "dark stores" or dedicated warehouses that cater solely to online orders, reducing delivery times and costs.

Government policies and schemes introduced in the Malaysia Groceries Market

The government has introduced several policies and schemes to enhance the groceries market. for instance, the introduction of the Malaysia Food Security Policy, designed to ensure the availability, accessibility, and affordability of food for all its citizens. This policy directly impacts the groceries market by encouraging local production and reducing dependency on imported goods. The Malaysia Food Security Policy has been successful in promoting and supporting local farmers, thereby increasing the production of agricultural products. This has led to a significant increase in the availability of locally grown produce in grocery stores across the country. In addition, the government has also implemented various schemes such as the Farmers Market Transformation Programme, which aims to modernize and improve existing farmers’ market.

Key Players in the Malaysia Groceries Market

The Malaysia groceries market share is dominated by key players such as Tesco, Giant Hypermarket, and AEON Co., along with local chains like Mydin and the rapidly growing e-commerce platforms such as Lazada and Shopee. These players have significantly contributed to the competitiveness and innovation of the market, providing consumers with a wide range of products and convenient shopping experiences.

Future Insights of the Malaysia Groceries Market

The Malaysia groceries industry is expected to witness substantial growth, driven by technological advancements, and changing consumer behaviors. The rise of online grocery shopping and the integration of AI and IoT for personalized shopping experiences are trends set to redefine the retail landscape. Furthermore, sustainability and eco-friendly practices are becoming increasingly important to consumers, which will likely lead to more green initiatives within the industry.

Market by Distribution Channel

According to Mohit, Senior Research Analyst, 6Wresearch, the Online segment is experiencing the highest growth. The shift towards digital platforms has been accelerated by the pandemic, changing consumer shopping behaviors significantly.

Market by Product Types

By Product Types, the Packaged Food segment is predominantly leading the Malaysia Groceries Market Share owing to the rising consumer demand for convenience, variety, and prolonged shelf life that packaged food offers. The pandemic has further intensified this trend, as consumers stockpile essentials and seek alternatives to fresh food due to health and safety concerns.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023.
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Malaysia Groceries Market Outlook
  • Market Size of Malaysia Groceries Market, 2023
  • Forecast of Malaysia Groceries Market, 2030
  • Historical Data and Forecast of Malaysia Groceries Revenues & Volume for the Period 2020-2030
  • Malaysia Groceries Market Trend Evolution
  • Malaysia Groceries Market Drivers and Challenges
  • Malaysia Groceries Price Trends
  • Malaysia Groceries Porter's Five Forces
  • Malaysia Groceries Industry Life Cycle
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Product Types for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Packaged Food for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Unpackaged Food for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Drinks for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Tobacco for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Household Products for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Distribution Channel for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Supermarkets & Hypermarkets for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Convenience Store for the Period 2020-2030
  • Historical Data and Forecast of Malaysia Groceries Market Revenues & Volume By Online for the Period 2020-2030
  • Malaysia Groceries Import Export Trade Statistics
  • Market Opportunity Assessment By Product Types
  • Market Opportunity Assessment By Distribution Channel
  • Malaysia Groceries Top Companies Market Share
  • Malaysia Groceries Competitive Benchmarking By Technical and Operational Parameters
  • Malaysia Groceries Company Profiles
  • Malaysia Groceries Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Types

  • Packaged Food
  • Unpackaged Food
  • Drinks
  • Tobacco
  • Household Products
  • Others

By Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Store
  • Online
Malaysia Groceries Market (2024-2030): FAQs
The growth of the market is primarily driven by the rising population, the increasing purchasing power of the middle class, and a significant shift towards online shopping platforms.
Yes, online grocery shopping has seen a surge in popularity in Malaysia, driven by the convenience it offers and the expanded accessibility through mobile technology.
Organic and health-focused food products are experiencing the highest growth within the market, reflecting a growing consumer awareness towards health and wellness.
Traditional brick-and-mortar stores in Malaysia are adapting and integrating with online platforms to stay competitive.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Malaysia Groceries Market Overview
3.1 Malaysia Country Macro Economic Indicators
3.2 Malaysia Groceries Market Revenues & Volume, 2020 & 2030F
3.3 Malaysia Groceries Market - Industry Life Cycle
3.4 Malaysia Groceries Market - Porter's Five Forces
3.5 Malaysia Groceries Market Revenues & Volume Share, By Product Types, 2020 & 2030F
3.6 Malaysia Groceries Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F
4 Malaysia Groceries Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Malaysia Groceries Market Trends
6 Malaysia Groceries Market, By Types
6.1 Malaysia Groceries Market, By Product Types
6.1.1 Overview and Analysis
6.1.2 Malaysia Groceries Market Revenues & Volume, By Product Types, 2020-2030F
6.1.3 Malaysia Groceries Market Revenues & Volume, By Packaged Food, 2020-2030F
6.1.4 Malaysia Groceries Market Revenues & Volume, By Unpackaged Food, 2020-2030F
6.1.5 Malaysia Groceries Market Revenues & Volume, By Drinks, 2020-2030F
6.1.6 Malaysia Groceries Market Revenues & Volume, By Tobacco, 2020-2030F
6.1.7 Malaysia Groceries Market Revenues & Volume, By Household Products, 2020-2030F
6.1.8 Malaysia Groceries Market Revenues & Volume, By Others, 2020-2030F
6.2 Malaysia Groceries Market, By Distribution Channel
6.2.1 Overview and Analysis
6.2.2 Malaysia Groceries Market Revenues & Volume, By Supermarkets & Hypermarkets, 2020-2030F
6.2.3 Malaysia Groceries Market Revenues & Volume, By Convenience Store, 2020-2030F
6.2.4 Malaysia Groceries Market Revenues & Volume, By Online, 2020-2030F
7 Malaysia Groceries Market Import-Export Trade Statistics
7.1 Malaysia Groceries Market Export to Major Countries
7.2 Malaysia Groceries Market Imports from Major Countries
8 Malaysia Groceries Market Key Performance Indicators
9 Malaysia Groceries Market - Opportunity Assessment
9.1 Malaysia Groceries Market Opportunity Assessment, By Product Types, 2020 & 2030F
9.2 Malaysia Groceries Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F
10 Malaysia Groceries Market - Competitive Landscape
10.1 Malaysia Groceries Market Revenue Share, By Companies, 2023
10.2 Malaysia Groceries Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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