The Food and Beverage Industry in Numbers
By Negin Vaghefi
December 2022 STATISTICS
THE REVENUE FROM the food and beverage (F&B) industry in Malaysia saw an RM6.8 billion growth in the past decade, from RM44 billion in 2012 to RM50.8 billion in 2021. That amounts to a compound annual growth rate (CAGR) of 1.6%. The only time the F&B industry saw ill fortune was during the Covid-19 pandemic, when there was a significant drop in 2020 due to lockdown restrictions (Figure 1).The number of people engaged in F&B increased from 754,482 in 2012...
Negin Vaghefi
is a senior analyst at Penang Institute. She holds a Ph.D. in Environmental Economics. Her research interests include agri-environmental economics, climate change, green economics, poverty and income inequality, and policy analysis.
