Over the past decade, Malaysia's poultry meat production has experienced various fluctuations. Starting from 1.57 million metric tons in 2014, it rose to 1.76 million tons by 2016. The following years showed volatility, with a decline to 1.67 million in 2017, slight dips, and recoveries culminating in 1.70 million metric tons in 2023. Notably, the year-on-year increase for 2023 stood at 0.36%, with a Compound Annual Growth Rate (CAGR) of 0.5% over the last five years.
Future projections predict a stable yet slow growth in poultry production. By 2028, production is forecasted to reach 1.73 million metric tons at an average CAGR of 0.28%, translating to an overall growth rate of 1.39%.
Future trends to watch for:
- Technological advancements in poultry farming efficiency.
- Changes in consumer preferences impacting demand.
- Government policies and regulations affecting production and sustainability.
