Fast Food Industry Growth Rate In Malaysia

Fast food in malaysia.

Fast food industry growth rate in malaysia. Attributed to the positive growth posted by chained fast food which is projected to account for almost all fast food value sales in 2022. Restaurants in malaysia 2017 market sizes. Apr 25 2018 usd 990. The category s strong performance can be attributed to the positive growth posted by chained fast food which is projected to account for almost all fast food value sales in 2022.

Find hidden opportunities in the most current research data available understand competitive threats with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth. Within chained fast food burger and chicken fast food are the most popular types in malaysia with both categories projected to account for slightly more than three quarters. The industry employs over 4 million people and counting restaurant franchises added over 200 000 jobs in 2015. Revenue is expected to show an annual growth rate cagr 2020 2024 of 14 5 resulting in a projected market volume of us 145m by 2024.

Within chained fast food burger and chicken fast food are the. Looking forward we estimate gdp annual growth rate in malaysia to stand at 4 50 in 12 months time. Discover the latest market trends and uncover sources of future market growth for the fast food industry in malaysia with research from euromonitor s team of in country analysts. The category s strong performance can be attributed to the positive growth posted by chained fast food which is projected to account for almost all fast food value sales in 2022.

It provides foodservice sales the number of outlets and the number of transactions by sector allowing you to identify the foodservice sectors driving growth. Franchise help last year the global fast food market was worth 647 7 billion and was expected to hit 931 7 billion by the year 2027 with a 4 6 cagr from 2020 through 2027 pre pandemic figures. There are over 200 000 fast food restaurants in the united states and it is estimated that 50 million americans eat at one of them every single day. User penetration will be 9 8 in 2020 and is expected to hit.

Food services recorded the highest value added in 2017 which amounted to rm28 3 billion 2015. Nov 02 2017 usd 600. Within chained fast food burger and chicken fast food are the most popular types in malaysia with both categories projected to account for slightly more than three quarters. Euromonitor international s fast food in malaysia report offers a comprehensive guide to the size and shape of the market at a national level.

A figure more than most countries economic financial worth. In the long term the malaysia gdp annual growth rate is projected to trend around 6 50 percent in 2021 and 4 50 percent in 2022 according to our econometric models.