Growth Projections for the Southeast Asia Bakery Products Market
Morder Intelligence reported that the Southeast Asia Bakery Products Market is projected to expand from USD 10.89 billion in 2023 to USD 14.99 billion by 2028, with a compound annual growth rate (CAGR) of 6.60% over the forecast period
Malaysia-based Green House Regional Sales Director Michael Yap told FoodNavigator-Asia at the year 2023 that the annual consumption per capita of bakery in Malaysia, Indonesia, Philippines and Thailand is currently 4.9 kg, but it will be estimated to grow to 39 kg by 2030.
Reference:
1. Southeast Asia Bakery Products Market size | Mordor Intelligence. (n.d.). https://www.mordorintelligence.com/industry-reports/southeast-asia-bakery-products-market
2. Pearly Neo (2023, December 31). Baking up brilliance: More focus on localised and unique flavours needed to tap enormous APAC bakery growth potential. https://www.foodnavigator-asia.com/Article/2023/12/31/more-focus-on-localised-and-unique-flavours-needed-to-tap-enormous-apac-bakery-growth-potential
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