PROSPECTS AND OPPORTUNITIES
Foodservice offers greater prospects for plant-based dairy over forecast period
Over the forecast period, retail sales of plant-based dairy in Malaysia are set to decline, with a current value CAGR of -0.4%, falling to MYR334 million.
Health and wellness trend offers new development potential
The health and wellness trend is expected to significantly influence plant-based dairy in Malaysia over the forecast period, driving new product development and consumer interest. New entrants, such as Oatside from Singapore, are set to capitalise on this trend by expanding their product offerings.
Potential price hikes due to import tariffs on soybeans will be negative factor
Plant-based dairy in Malaysia, particularly soy drinks, which comprises the majority share of retail demand, is set to be negatively impacted by changing regulations. Soy drink manufacturers are likely to continue experiencing cost surges due to import tariff hikes and disruptions in the supply chain for soybeans, which are primarily imported from the US, Canada, Taiwan, China, and India.
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Overview:
Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Plant-based Dairy industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Plant-based Dairy in Malaysia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Plant-based Dairy in Malaysia?
- Which are the leading brands in Plant-based Dairy in Malaysia?
- How are products distributed in Plant-based Dairy in Malaysia?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Plant-based Dairy?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Malaysia?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Plant-Based Dairy in Malaysia - Category analysis
KEY DATA FINDINGS
Niche category has limited reach due to pricing and lack of awareness
Fraser & Neave Holdings retains slim lead of consolidated competitive landscape
Small local grocers and hypermarkets appeal to different shopping occasions
Foodservice offers greater prospects for plant-based dairy over forecast period
Health and wellness trend offers new development potential
Potential price hikes due to import tariffs on soybeans will be negative factor
Dairy Products and Alternatives in Malaysia - Industry Overview
Dairy products and alternatives in 2025: The big picture
Key trends in 2025
Competitive Landscape
Channel developments
What next for dairy products and alternatives?
DISCLAIMER
The following categories and subcategories are included:
Plant-based Dairy
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- Soy Drinks
- Other Plant-based Milk
- Plant-based Yoghurt
- Plant-based Cheese
Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Plant-based Dairy research and analysis database.
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