Malaysia Meat - Market Assessment and Forecasts to 2028
Summary
The Malaysian meat sector is expected to grow from MYR16.9 billion ($3.7 billion) in 2023 to MYR18.9 billion ($4.2 billion) in 2028, growing at a CAGR of 2.2%. In volume terms, the sector is expected to grow from 857 million kg in 2023 to 867.8 million kg in 2028, growing at a CAGR of 0.3%. Fresh meat (counter) was the largest category in both value and volume, while frozen meat is forecast to register the fastest value growth, followed by chilled raw packaged meat - processed, cooked meats - packaged, and chilled raw packaged meat - whole cuts. Among the distribution channel food & drinks specialists was the largest distribution channel. Key players driving the market are Ramly Food Processing, PG Lean Hwa Trading Sdn Bhd, and Aqina Holdings Sdn. Bhd.
Scope
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