There are more than 8,000 establishments in this sub-sector, mainly dominated by Malaysian SMEs. Well-known MNCs and LLCs, both domestic and foreign, are active in the industry. Among notable companies in the industry are Yeo Hiap Seng (Malaysia) Berhad, Nestle (Malaysia) Berhad, FFM Berhad, Malayan Flour Mills Berhad, Kawan Food Berhad, QL Resources Berhad, Charoen Pokphand Holdings (Malaysia) Sdn. Bhd., Ayamas Food Corporation Sdn. Bhd., Dewina Food Industries Sdn. Bhd., Ramly Food Processing Sdn. Bhd., Super Food Specialists (M) Sdn. Bhd., Golden Fresh Sdn. Bhd., Purecircle Sdn. Bhd., Kellogg Asia Products Sdn. Bhd. and Hershey Malaysia Sdn. Bhd.
Malaysia's Halal industry provides immense opportunities for food processing industry players, due to its strong value propositions. The country's Halal certification is well-accepted internationally, boosting Muslim consumer confidence, and indicating that certified products have passed safety, quality, and legal requirements based on Good Manufacturing Practice (GMP) and Hazard Analysis and Critical Control Points (HACCP). Potential investors are encouraged to leverage on this comprehensive halal ecosystem, particularly in the food industry.
Increasing consumer awareness about health and nutrition values has created strong demand for functional food/ingredients and natural food flavours from plants and seafood. Investors looking into the food processing sub-sector should take note of the significant potential for further growth in food ingredients such as customised formulations required by food manufacturers, functional ingredients, and natural food additives and flavours.