Malaysia Meat Market (2023-2029) | Companies, Revenue, Trends, Growth, COVID-19 IMPACT, Industry, Analysis, Value, Size, Forecast, Outlook & Share

Market Forecast By Product (Chicken, Beef, Pork, Mutton, Others), By Type (Raw, Processed), By Distribution Channel (Departmental Stores, Specialty Stores, Hypermarket/ Supermarket, Online Sales Channel, Others) And Competitive Landscape

Product Code: ETC171345 Publication Date: Dec 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Malaysia Meat Market Competition 2023


Topics Covered in the Malaysia Meat Market

Malaysia Meat Market report thoroughly covers the market by product, by type, and by distribution channel. 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 Meat Market Synopsis

Malaysia is known for a lot of things - delicious cuisine, iconic landmarks, and modern infrastructure, among others. Meat products are a staple in Malaysia, and they contribute significantly to the nation's economy. The meat industry in Malaysia is experiencing some interesting trends such as the rising demand for organic and halal meats, with more consumers opting for these healthier and ethical options. The rise of vegetarianism and veganism is another trend that has been seen around the globe, with Malaysia also witnessing an increase in demand for plant-based meats.

According to 6Wresearch, the Malaysia Meat Market size is estimated to grow at a CAGR of 4.9% during the forecast period 2023-2029. The Malaysia meat market is primarily driven by population growth, urbanization, and changing dietary preferences. Rising income levels have led to increased consumption of meat products, including poultry, beef, and pork. The expansion of modern retail channels and a preference for convenience foods also contribute to the growth of the market. however, some challenges exist in the market that can hinder its growth are lack of infrastructure can lead to delays in supply chain processes, as well as difficulty in maintaining quality standards. Another challenge is related to consumer education and awareness.

Many consumers are not fully aware of the health risks associated with traditional meat products, as well as the environmental impact of meat production. However, the growing consumer demand for healthier meat products. Many Malaysians are becoming more health-conscious, and are looking for meat that is free from artificial additives, hormones, and antibiotics. Additionally, the rise of plant-based meat products. This trend is being driven by concerns over the environment, animal welfare, and health. As a result, meat producers in Malaysia must adapt to changing consumer preferences and develop innovative meat products to stay competitive. These trends are estimated to surge the Malaysia Meat Market growth in the coming years.

Government Initiatives introduced in the Malaysia Meat Market

The Malaysian government has taken several initiatives to ensure the quality of meat supply in the country. One of the significant aspects is the Halal certification process. Malaysia is a predominantly Muslim country, all halal meat products and establishments must be certified by Jabatan Kemajuan Islam Malaysia (JAKIM), the government agency responsible for Islamic affairs. JAKIM's Halal certificate is recognized worldwide and signifies that the product or establishment has met the set Halal standards. Another initiative is the Malaysia Sustainable Palm Oil (MSPO) certification for oil palm plantations. While this certification focuses on the palm oil industry, it impacts the meat market as well. Livestock feed often contains palm oil derivatives, and MSPO certification ensures that these derivatives are produced sustainably and ethically. This initiative promotes responsible land use, zero-burning policy, and wildlife conservation.

Key Players in the Malaysia Meat Market

The Malaysia crustaceans market supports the seafood industry and culinary preferences. Notable players like SeafoodHarvest Co., CulinaryCrustaceans Innovations, and SeafoodExport MY contribute to the supply of high-quality crustaceans. These companies prioritize sustainable fishing, freshness, and seafood traceability to meet the preferences of seafood enthusiasts and the foodservice sector.

Market Analysis by Product Type

According to Dhaval, Research Manager, 6Wresearch, chicken remains the most popular meat option in Malaysia due to its affordability and versatility, other meats such as beef, pork, and mutton continue to thrive due to their unique flavors and health benefits.

Market Analysis by Distribution Channel

Based on distribution channel, departmental stores are leading the market due to accessibility, brand recognition, and availability of meat products.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022.
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Malaysia Meat Market Outlook
  • Market Size of Malaysia Meat Market, 2022
  • Forecast of Malaysia Meat Market, 2029
  • Historical Data and Forecast of Malaysia Meat Revenues & Volume for the Period 2019 - 2029
  • Malaysia Meat Market Trend Evolution
  • Malaysia Meat Market Drivers and Challenges
  • Malaysia Meat Price Trends
  • Malaysia Meat Porter's Five Forces
  • Malaysia Meat Industry Life Cycle
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Chicken for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Beef for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Pork for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Mutton for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Type for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Raw for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Processed for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Departmental Stores for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Specialty Stores for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Hypermarket/ Supermarket for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Online Sales Channel for the Period 2019 - 2029
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Others for the Period 2019 - 2029
  • Malaysia Meat Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Distribution Channel
  • Malaysia Meat Top Companies Market Share
  • Malaysia Meat Competitive Benchmarking By Technical and Operational Parameters
  • Malaysia Meat Company Profiles
  • Malaysia Meat Key Strategic Recommendations

Market Covered

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

By Product

  • Chicken
  • Beef
  • Pork
  • Mutton
  • Others

By Type

  • Raw
  • Processed

By Distribution Channel

  • Departmental Stores
  • Specialty Stores
  • Hypermarket/ Supermarket
  • Online Sales Channel
  • Others
Frequently Asked Questions About the Market Study: FAQs
One of the biggest challenges is ensuring the quality and safety of meat products throughout the supply chain. This includes monitoring livestock feed, processing, and transportation. In addition, the industry faces limited land and water resources, which can impact production and supply.
A growing trend is the demand for organic and halal meat products. Consumers are becoming more health-conscious and are seeking meat raised without antibiotics and hormones. Another trend is the shift towards online shopping, where consumers can conveniently order meat products from the comfort of their homes.
SeafoodHarvest Co., CulinaryCrustaceans Innovations, and SeafoodExport MY are some key companies operating in the market.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Malaysia Meat Market Overview

3.1 Malaysia Country Macro Economic Indicators

3.2 Malaysia Meat Market Revenues & Volume, 2020 & 2030F

3.3 Malaysia Meat Market - Industry Life Cycle

3.4 Malaysia Meat Market - Porter's Five Forces

3.5 Malaysia Meat Market Revenues & Volume Share, By Product, 2020 & 2030F

3.6 Malaysia Meat Market Revenues & Volume Share, By Type, 2020 & 2030F

3.7 Malaysia Meat Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F

4 Malaysia Meat Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Malaysia Meat Market Trends

6 Malaysia Meat Market, By Types

6.1 Malaysia Meat Market, By Product

6.1.1 Overview and Analysis

6.1.2 Malaysia Meat Market Revenues & Volume, By Product, 2020-2030F

6.1.3 Malaysia Meat Market Revenues & Volume, By Chicken, 2020-2030F

6.1.4 Malaysia Meat Market Revenues & Volume, By Beef, 2020-2030F

6.1.5 Malaysia Meat Market Revenues & Volume, By Pork, 2020-2030F

6.1.6 Malaysia Meat Market Revenues & Volume, By Mutton, 2020-2030F

6.1.7 Malaysia Meat Market Revenues & Volume, By Others, 2020-2030F

6.2 Malaysia Meat Market, By Type

6.2.1 Overview and Analysis

6.2.2 Malaysia Meat Market Revenues & Volume, By Raw, 2020-2030F

6.2.3 Malaysia Meat Market Revenues & Volume, By Processed, 2020-2030F

6.3 Malaysia Meat Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 Malaysia Meat Market Revenues & Volume, By Departmental Stores, 2020-2030F

6.3.3 Malaysia Meat Market Revenues & Volume, By Specialty Stores, 2020-2030F

6.3.4 Malaysia Meat Market Revenues & Volume, By Hypermarket/ Supermarket, 2020-2030F

6.3.5 Malaysia Meat Market Revenues & Volume, By Online Sales Channel, 2020-2030F

6.3.6 Malaysia Meat Market Revenues & Volume, By Others, 2020-2030F

7 Malaysia Meat Market Import-Export Trade Statistics

7.1 Malaysia Meat Market Export to Major Countries

7.2 Malaysia Meat Market Imports from Major Countries

8 Malaysia Meat Market Key Performance Indicators

9 Malaysia Meat Market - Opportunity Assessment

9.1 Malaysia Meat Market Opportunity Assessment, By Product, 2020 & 2030F

9.2 Malaysia Meat Market Opportunity Assessment, By Type, 2020 & 2030F

9.3 Malaysia Meat Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F

10 Malaysia Meat Market - Competitive Landscape

10.1 Malaysia Meat Market Revenue Share, By Companies, 2023

10.2 Malaysia Meat Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

 

Market Forecast By Product (Chicken, Beef, Pork, Mutton, Others), By Type (Raw, Processed), By Distribution Channel (Departmental Stores, Specialty Stores, Hypermarket/ Supermarket, Online Sales Channel, Others) And Competitive Landscape

Product Code: ETC171345 Publication Date: Jan 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Malaysia Meat Market Synopsis

The Malaysia meat market consumption per capita stood at 33kg in 2018 which was up from 28 kg/capita consumed back in 2011 showing a steady increase throughout these 7 years period. It has also been estimated that meat production will further rise steadily until 2028 reaching 4million tonnes thanks largely due rising consumer demand for poultry products and processed meats within the region along with its ever expanding population base.

Malaysia Meat Market Highlights

Report Name Malaysia Meat Market 
 Base Year 2021
 Historical Period 2018-2021
 Forecast Period 2022-2028
 Growth rate XXXX
 Report Coverage Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
 Segment Coverage By Product, By Type
 Customization Scope 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com 
 Pricing and Purchase Options Avail customization purchase option to know the exact pricing of your research needs

Market Drivers of the market

The Malaysia meat market is primarily driven by population growth, urbanization, and changing dietary preferences. Rising income levels have led to increased consumption of meat products, including poultry, beef, and pork. The expansion of modern retail channels and a preference for convenience foods also contribute to the growth of the market.

Challenges of the market

The Malaysia meat market, influenced by dietary trends and consumer health concerns, faces challenges related to food safety, sustainability, and ethical considerations. Ensuring the safety and quality of meat products along the entire supply chain is imperative to maintain consumer trust, especially as regulatory standards evolve. Additionally, addressing environmental impacts associated with meat production, such as deforestation and greenhouse gas emissions, presents a challenge. Balancing the demand for meat with ethical and sustainable practices, including alternative protein sources, is a complex task that requires collaboration between industry stakeholders, policymakers, and consumers.

Covid-19 Impact on the market

The Malaysia meat market encountered challenges due to the COVID-19 pandemic`s impact on supply chains and consumer behavior. Lockdowns and disruptions in processing facilities led to temporary shortages and price fluctuations in meat products. Moreover, shifting consumer priorities towards health and safety prompted changes in meat consumption patterns. Increased awareness of potential risks associated with meat consumption led some consumers to explore plant-based alternatives. Despite these challenges, the market demonstrated resilience as essential food supply chains were restored, and consumer preferences for meat remained strong.

Key Players of the market

The Malaysia crustaceans market supports the seafood industry and culinary preferences. Notable players like SeafoodHarvest Co., CulinaryCrustaceans Innovations, and SeafoodExport MY contribute to the supply of high-quality crustaceans. These companies prioritize sustainable fishing, freshness, and seafood traceability to meet the preferences of seafood enthusiasts and the foodservice sector.

Key Highlights of the Report:

  • Malaysia Meat Market Outlook
  • Market Size of Malaysia Meat Market, 2021
  • Forecast of Malaysia Meat Market, 2028
  • Historical Data and Forecast of Malaysia Meat Revenues & Volume for the Period 2018 - 2028
  • Malaysia Meat Market Trend Evolution
  • Malaysia Meat Market Drivers and Challenges
  • Malaysia Meat Price Trends
  • Malaysia Meat Porter's Five Forces
  • Malaysia Meat Industry Life Cycle
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Product for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Chicken for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Beef for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Pork for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Mutton for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Others for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Type for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Raw for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Processed for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Distribution Channel for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Departmental Stores for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Specialty Stores for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Hypermarket/ Supermarket for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Online Sales Channel for the Period 2018 - 2028
  • Historical Data and Forecast of Malaysia Meat Market Revenues & Volume By Others for the Period 2018 - 2028
  • Malaysia Meat Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Distribution Channel
  • Malaysia Meat Top Companies Market Share
  • Malaysia Meat Competitive Benchmarking By Technical and Operational Parameters
  • Malaysia Meat Company Profiles
  • Malaysia Meat Key Strategic Recommendations
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