Malaysia Animal Feed Market (2024-2030) | Value, Forecast, Growth, Analysis, Companies, Size, Outlook, Revenue, Share, Industry & Trends

Topics Covered in the Malaysia Animal Feed Market

Malaysia Animal Feed Market report thoroughly covers the market by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Animal Feed Market Synopsis

Malaysia Animal Feed Market is driven by the growth of the livestock sector in the country. The increasing population and changing dietary preferences have led to a rise in meat consumption, particularly chicken and fish. This has resulted in the growth of the poultry and aquaculture industries, creating a demand for animal feed. In addition, the government's initiatives to support the livestock sector, such as providing subsidies and incentives, have also contributed to the Malaysia Animal Feed Market Growth.

According to 6Wresearch, the Malaysia Animal Feed Market Size was valued at USD 1.34 billion in and is expected to grow at a CAGR of 8% during the forecast period of 2024-2030. The market growth is driven by several factors including the growth of the poultry and swine industries in the region, the increasing demand for livestock products, and the availability of raw materials such as corn and soybean meal. The local market is dominated by small to medium-sized companies who produce feed primarily for the domestic market. Despite the growth in demand for animal feed, the industry in Malaysia faces several challenges, including the climate, which affects crop yields, fluctuating raw material prices, and intense competition from neighboring countries. There is also a lack of standardization in the industry, with feed manufacturing techniques differing between companies. In recent years, the animal feed industry in Malaysia has witnessed a few key trends. One is the increase in demand for organic feed and non-GMO feed. As consumers become more health-conscious and environmentally aware, there is a growing demand for organic produce and livestock products. Another trend is the use of specialized feed, which caters to the specific needs of different animals such as broilers and layers. Specialized feed helps improve the productivity of animals and ensures better health outcomes. Despite the challenges, there are several opportunities for the animal feed industry in Malaysia. One is the increasing demand for high-quality livestock products from China, which is expected to boost exports from Malaysia. Another opportunity is the growth of the aquaculture industry, which requires a significant amount of fishmeal as a protein source in feed. As the production of fishmeal is limited, there is an opportunity for the animal feed industry to develop alternative protein sources to meet the growing demand.

Government policies and schemes introduced in the Malaysia Animal Feed Market

One of the government's schemes introduced in the Malaysia Animal Feed Industry is the Livestock Industry Development Fund. This program offers loans to farmers and entrepreneurs who wish to undertake animal feed projects, like animal health products and feed processing, among others. This financing scheme is in line with the government's effort to provide affordable credit, facilitate innovation, and promote small and medium-scale enterprises in the country. Another government initiative that has aided the industry's growth is the 12th Malaysia Plan. This plan's primary objective is to drive the growth of the agriculture sector while also promoting sustainable development. Under this plan, the government has introduced several schemes and subsidies, like the Fertilizer Price Stabilization scheme, that aim to ease farmers' financial burden and encourage them to invest in more productive and innovative methods. Apart from these projects, the government has also introduced guidelines to improve animal welfare, promote the use of organic feed, and maintain feed quality standards. As the Malaysia Animal Feed Market grows, there has been a push for more ethical and environmentally friendly practices. In light of this, the government has mandated the use of safer and more sustainable feed additives and restricted the use of certain antibiotics in animal feed.

Leading players in the Malaysia Animal Feed Market

The Malaysia Animal Feed Market has several leading players, including Charoen Pokphand, Malayan Flour Mills Berhad, and Cargill. These companies offer a range of animal feed products to different client segments, including livestock, poultry, and aquaculture. They are always innovating and refining their product offerings to meet the changing market demand and regulatory requirements.

Market Analysis by Species

According to Shubham, Senior Research Analyst, 6Wresearch, Poultry remains the largest segment in Malaysia animal feed market. The poultry segment’s growth can be attributed to the country's high poultry farming, the demand for high-quality meat products, and the increment in exports.

Market Analysis by Type

By Type, the probiotics segment is the fastest-growing type in the market and forecast to lead the Malaysia Animal Feed Market Share over the years. The usage of probiotics in animal feed has become increasingly essential considering the ban on antibiotics as growth promoters in animal feed.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Animal Feed Market Outlook
• Market Size of Malaysia Animal Feed Market, 2023
• Forecast of Malaysia Animal Feed Market, 2030
• Historical Data and Forecast of Malaysia Animal Feed Revenues & Volume for the Period 2020 - 2030
• Malaysia Animal Feed Market Trend Evolution
• Malaysia Animal Feed Market Drivers and Challenges
• Malaysia Animal Feed Price Trends
• Malaysia Animal Feed Porter's Five Forces
• Malaysia Animal Feed Industry Life Cycle
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Form for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Pellets for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Crumbles for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Mash for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Species for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Poultry for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Ruminants for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Aqua for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Swine for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Acidifiers for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Probiotics for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Enzyme for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Antioxidants for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Antibiotics for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Vitamins for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Minerals for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Malaysia Animal Feed Import Export Trade Statistics
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Species
• Market Opportunity Assessment By Type
• Malaysia Animal Feed Top Companies Market Share
• Malaysia Animal Feed Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Animal Feed Company Profiles
• Malaysia Animal Feed Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Form

• Pellets
• Crumbles
• Mash
• Others

By Species

• Poultry
• Ruminants
• Aqua
• Swine
• Others

By Type

• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Vitamins
• Minerals
• Others

Frequently Asked Questions About the Market Study (FAQs):