Key Market Indicators
Malaysian pet food imports are projected to rise significantly, reaching approximately 160 million kilograms by 2028. This marks an increase from around 132 million kilograms in 2023, with a compound annual growth rate (CAGR) of 3%. The demand for pet food in Malaysia has seen a consistent rise, growing at an annual rate of 4.6% since 1994. On the export front, Malaysian pet food shipments saw a notable increase in 2018. Exports surged to nearly 1.5 million kilograms from approximately 1.2 million kilograms in 2017, representing a 21.4% jump within a year. Despite this recent uptick, the long-term trend shows a decline. Since 1994, the supply of pet food for export has decreased by an average of 37.8% annually.
