Malaysia: Retail Foods Annual
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The Malaysia food retail sector is rapidly developing, and high-end/premium grocery stores are increasingly popular. According to Retail Group Malaysia (RGM), the country’s food retailers reached $26 billion USD in sales in 2018 and are on track to increase sales in 2019 by over 4 percent. Industry analysts report the sector is dominated by five key players: Dairy Farm Group, Mydin Mohamed Holdings, Trendcell, Village Grocer Holdings, and AEON Group. Top prospective U.S. products for the Malaysian food retail market include prepared foods, processed vegetables, tree nuts, processed fruits, pet food, and beef.