industry analysis
The
Malaysian bakery industry is a very fast moving industry with an predicted
overall of many thousands of baked items suppliers in the country. Due to the
lack of statistical informations, it is challenging to keep track of the
volume of businesses as there exist a massive variety of small-scale suppliers
such as home-bakeries.
The
size of bakery suppliers are specially located inside the Klang Valley, and
within the States of Melaka and Johor. This consists of traditional stand-alone
bakeries promoting their freshly baked items in shops.
The
Malaysian marketplace has seen effective increase of baked goods because of the
products being more and more consumed at either breakfast, tea breaks or even
for lunch in place of rice and noodles.
Generally,
the rise of bakery products consumption in Malaysia is in line with the
population’s developing affluence. However, the increased demand for bread is
due to several different factors. The most important thing is that bread makes
pretty a similar diet with rice; each are high in carbohydrate and protein
contents.
This
statistic shows the sales value of manufactured bread, cakes and other bakery
products in Malaysia from 2012 to 2016. In 2016, the sales value of
manufactured bread, cakes and other bakery products in Malaysia was
approximately 1.96 billion Malaysian ringgit.
so
as we can see from the statistic above we can conclude that the baked
goods market worth is in
billions and has the largest market share in the
consumption industry.
SAID DAOUD (1614491)
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