Malaysia is one of the more affluent nations in Asia with a GDP per-capita of about US$6,450 in 2006. Malaysia’s economy grew by 5.9%, compared to 4.2% growth in 2002. Most economic commentators forecast Malaysia’s economy to grow by about 5.7% in 2007 and 2008.
Malaysia has a sizeable and rapidly growing food service market today, with projected growth 5% and 6% per annum over the next three to five years. Best product prospects for U.S. suppliers include frozen turkey, breakfast cereals, savoury snacks, frozen potatoes, temperate fresh fruits and fruit juices.
Gain report: Foodservice Malaysia
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