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Malaysia's food processing sector continues to be an attractive destination for U.S. food ingredients. Food and beverage manufacturing remain priority areas of economic growth for Malaysia and have boasted solid performance in the past several years.
Turkiye's food processing ingredients industry is a vital component of its sophisticated food and beverage manufacturing sector, which includes nearly 58,357 businesses.
Amid economic headwinds, Turkiye's retail food sector continues to grow, fueled by a young population of 85 million and a rising middle class. The sector is predominantly made up of domestic discount chains, and most of the food on store shelves is produced locally.
After strong growth in 2023, the food retail sector is expected to see moderate but positive growth in the remainder of 2024. Expansion of convenience stores and small format retail outlets continues, while premium supermarkets have also expanded.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
The Malaysian food and beverage manufacturing industry is a significant sector in Malaysia’s economic expansion for both the domestic and export market. This sector includes several multinational corporation facilities as well as a range of local company operations.
Turkiye’s food and beverage sector depends on domestic and imported ingredients, a large portion of which are sourced from Europe. European ingredients enjoy zero or low import duties under preferential trade agreements, as well as lower freight costs.
Pet food demand in Türkiye continues to rocket higher as pet ownership, especially for dogs and cats expands. Sales of dog and cat food soared to $127 million in 2022 and are set to more than double to $300 million by the end of 2027. About two...
Malaysia was the 26th-largest export destination for U.S. agricultural products in 2022, totaling nearly $1.1 billion in value, and is a top prospect for exports of food and beverage ingredients because of its large and growing food processing industry.
Amid economic headwinds, Turkey’s retail food sector continues to grow, fueled by a young population of 85 million and a rising middle class.
Malaysia’s retail sales are projected to grow to US$1.8 billion in 2023. The Malaysian food and beverage retail market is a competitive landscape and is highly fragmented.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.