There is a strong interest in international brands, contributing to an anticipated 10% annual growth in the food and beverage industry from 2020 to 2025.
With over 40 years of experience in developing the halal industry, there remains an 80% gap between the demand for and production of halal products globally. The Halal Industry Master Plan 2030 aims to accelerate growth in this sector, with expectations for the market to reach USD 5 trillion and domestic growth projected at 113.2 million by 2030.
The global market for plant-based foods is projected to grow at a compound annual growth rate (CAGR) of 12.4% from 2022 to 2029, reaching $95.52 billion by 2029 (Meticulous Research®). Malaysia shows significant export potential and growing interest in plant-based protein products, alongside rising domestic consumption. Plant-based foods are gaining popularity for their sustainability and long-term viability.
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