The Malaysia Pet Food Market size is expected to grow from USD 230.13 million in 2023 to USD 309.42 million by 2028, at a CAGR of 6.10% during the forecast period (2023-2028).
The Malaysian pet food market is consolidated, with major players holding the majority of the market share. Mars Inc., Nestle Purina Petcare Company, Perfect Champion Group (Charoen Pokphand Group), and Colgate Palmolive (Hill’s Pet Nutrition) are the key players in the market. The major players in the industry are continuously competing with local players' low prices and trying to gain a significant market share in Malaysia. These major players are investing in new products and improvisation of products, expansions, and acquisitions for business growth. Another major investment area is the focus on R&D to launch new products at lower prices.
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