Malaysia Sugar Market Size, Share, Opportunities, And Trends By Form (Granulated, Powdered, Syrup), By Source (Cane Sugar, Beet Sugar), By Use (Food And Beverage, Pharmaceuticals), And By Distribution Channel (Online, Offline) - Forecasts From 2025 To 2030

The Malaysia sugar market is predicted to expand at a CAGR of 0.92% to account for US$1,024.785 Million by 2030 from US$978.998 Million in 2025.

Sugar is a key component of food and is used across multiple industries worldwide. It offers multiple applications in industries like food & beverage, and pharmaceuticals, where it is used as a sweetener, preservative, fermentation substance, flavoring, and coloring agent, among others. Sugar is generally obtained from sucrose, which is mainly concentrated in sugarcane plants or sugar beets.

The growth of the nation’s population is among the major driving forces propelling the Malaysian sugar market forward. Sugar is among the most consumed food products globally, either raw or in many other forms. With the rise of the nation’s population, the consumption of sugar across multiple industries is forecasted to increase. 

The Department of Statistics Malaysia, in its total population, reports that in 2024, the total population of the nation was recorded at 34.1 million. The population of the nation has grown significantly over the past few years. In 2021, this figure was recorded at about 32.6 million, which grew to 32.7 million in 2022 and 33.4 million in 2023.

 What are the drivers of the Malaysia Sugar Market?

• Increasing consumption of Sugar

One of the major driving factors propelling the Malaysian sugar market is the growing demand for sugar across multiple industries in the nation. The increasing population of the nation also propels the human consumption of sugar.

The Foreign Agriculture Service of the US Department of Agriculture, in its report, stated that the consumption of sugar grew massively in the nation. The agency stated that in 2021-22, a total of 1,675 thousand metric tons of sugar was consumed in the nation, which expanded to 1,889 thousand metric tons in 2022-23. The total sugar consumed in Malaysia in the 2023-24 financial year was recorded at 2,000 thousand metric tons by the agency.

• The granulated segment is expected to grow substantially by form.

In Malaysia, granulated sugar is generally more prominent than any other type consisting of fine, medium, or coarse grains. Urbanization is another key driver for Malaysia’s granulated sugar sector. As people move into cities, they developed an appetite for processed foods and drinks whose ingredients include sugars that are usually granulated. Moreover, processed foods, which are more readily available in cities compared to rural areas have contributed significantly to the surge in demand for granulated sugars enhancing its market growth.

Malaysia’s major players in the granulated sugar industry, such as MSM Malaysia Holdings Berhad, reflect their footprint in their earnings. In 2023, MSM Malaysia Holdings' annual reports say that its revenue grew to RM3091.223 million.

• The food and beverage segment is also expected to hold significant shares of the Malaysia sugar market.

The Malaysian sugar market is expected to propel the food and beverage segment, owing to the increasing demand for processed food and soft drinks in the country. The growing food processing industry is one of the other major reasons for boosting the market growth in the coming years. For instance, according to the Ministry of Investment, Trade, and Industry, the total investment in food manufacturing in the country in 2021 and 22 together was RM 8.9 billion. Additionally, the investment in the beverages, and tobacco segment in the same period was RM 0.14 RM Billion. Hence, the increasing investment is anticipated to fuel the market growth in the coming years. 

Moreover, according to the Food and Agriculture Organization of the United Nations (FAO), the sugar industry in Malaysia is rising rapidly, owing to direct rapid consumption supported by the equally rising processed food industry. The country is importing sugar and raw sugar cane to meet the growing demand from the end-use industries. According to the Malaysian Investment Development Authority (MIDA), the food processing sub-sector is crucial for Malaysia’s diversified economy, as it offers high-value food product manufacturing opportunities. The food processing sector contributed to about 11% of Malaysia’s manufacturing output in 2023. RM 3.2 billion was the approved investment in 2023. Hence, the growing food processing sector is anticipated to boost the market for sugar in Malaysia in the projected period. 

The increasing sugar imports from other countries are expected to have a positive impact on the food and beverage sector in the forecasted period. For instance, according to the Observatory of Economic Complexity (OEC), the country imported raw sugar worth US$844 million in 2022 and became the 8th largest importer of sugar. Brazil, India, Thailand, South Africa, and China were the major destinations from where Malaysia imported sugar. The import value of raw sugar from these countries was US$386 million, US$214 million, US$197 million, US$34.9 million, and US$4.44 million, respectively. Hence, the growing food processing sector in the country, coupled with increased demand for baked goods and confectionery products, is propelling the market growth in the coming years.

Company profiling in the Malaysia Sugar Market:

• MSM Prai Berhad, a part of MSM Holding, is the largest sugar manufacturer in Malaysia. The company offers white sugar, brown sugar, and icing sugar. The company also operates sugar refining, packaging, and logistics businesses in the nation. 
• Central Sugar Refinery Sdn. Bhd., or CSR, is a leading sugar producer in Malaysia. The company provides specialty sugar ingredients to multiple industries. 
• Wilmar International is a Singaporean corporation, which operates its business in Malaysia. The company offers tropical oils, sugar, oilseed & grains, and soy protein.
• Cargill Incorporated is committed to delivering innovative, transformative, and sustainable solutions tailored to the unique needs of the industry. With a projected 30 per cent increase in the world's population by 2050, Cargill recognizes the urgency of meeting the growing demand for animal nutrition.In navigating the dynamic landscape shaped by evolving regulations and market forces, Cargill aims to empower stakeholders to adapt and thrive. By maximizing feed conversion rates and enhancing animal performance, the company seeks to enable its partners to operate more affordably, efficiently, and sustainably.  The company also is very keen on sustainability, and its sustainability policy is to focus on three main areas: climate, land and water, and people. Each of these areas has a clearly defined approach that will help the company to advance a sustainable and resilient supply chain, drive positive changes in the community where the company operates, and generate shared value for the consumers.

Key developments in the Malaysia Sugar Market:

• August 2023, Central Sugars Refinery Sdn. Bhd. (CSR) diversified its product range with BETTER WHITE Clear White Sugar, which is available in the market. This move further consolidates CSR’s status as Malaysia’s foremost sugar expert by adding to its current line of high-quality sugars. Extensive refining processes yield a purer and more aesthetically pleasing sugar, which is BETTER WHITE. This premium sugar maintains the quality and taste preferences of Malaysians despite its improved appearance.

Malaysia Sugar Market Scope:

Report Metric	Details
Malaysia Sugar Market Size in 2025	US$978.998 Million
Malaysia Sugar Market Size in 2030	US$1,024.785 Million
Growth Rate	CAGR of 0.92%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Form Source Use Distribution Channel
List of Major Companies in Malaysia Sugar Market	Cargill Inc. Louis Dreyfus Company Bolido Food Malaysia Sdn Bhd Asfara Globa Interflon Trading LLC
Customization Scope	Free report customization with purchase

 

The Malaysia sugar market is segmented and analyzed as below:

• By Form
  • Granulated
  • Powder
  • Syrup
• By Source
  • Cane Sugar
  • Beet Sugar
• By Use
  • Food & Beverages
  • Pharmaceutical
  • Industrial
• By Distribution Channel
  • Online
  • Offline

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. MALAYSIA SUGAR MARKET BY FORM

5.1. Introduction

5.2. Granulated

5.3. Powder

5.4. Syrup

6. MALAYSIA SUGAR MARKET BY SOURCE

6.1. Introduction

6.2. Cane Sugar

6.3. Beet Sugar

7. MALAYSIA SUGAR MARKET BY USE

7.1. Introduction

7.2. Food & Beverages

7.3. Pharmaceutical

7.4. Industrial

8. MALAYSIA SUGAR MARKET BY DISTRIBUTION CHANNEL

8.1. Introduction

8.2. Online

8.3. Offline

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Central Sugars Refinery Sdn. Bhd. 

10.2. MSM Malaysia Holdings Berhad

10.3. Wilmar International Ltd

10.4. Cargill Inc. 

10.5. Louis Dreyfus Company

10.6. Bolido Food Malaysia Sdn Bhd

10.7. Asfara Globa

10.8. Interflon Trading LLC

Central Sugars Refinery Sdn. Bhd. 

MSM Malaysia Holdings Berhad

Wilmar International Ltd

Cargill Inc. 

Louis Dreyfus Company

Bolido Food Malaysia Sdn Bhd

Asfara Globa

Interflon Trading LLC