KOTA KINABALU: Kota Kinabalu Chinese Chamber of Commerce and Industry (KKCCCI) vice-president cum Overseas Business Delegation chairman Andy Lim Chen Kwong called on local enterprises to seize emerging opportunities in the food processing sector by leveraging Malaysia’s New Industrial Master Plan 2030 (NIMP 2030) and actively participating in overseas study tours.
He said the food processing industry is poised for significant growth globally and locally, presenting opportunities for Sabah-based businesses to expand their footprint in international markets.
Citing the NIMP 2030: Food Processing Industry report published by the Investment, Trade and Industry Ministry (Miti), Lim said the global food market is expected to reach RM58.1 trillion by 2028, growing at a rate of 6.7 per cent annually.
He said the Malaysian food market is projected to grow at eight per cent, reaching a market size of RM310.9 billion by 2027.
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