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

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