The meat market size in Malaysia, expressed in Million Metric Tons, stood at 1.69 in 2023. Over the past decade, the market has experienced slight fluctuations. Notably, there was a minor decline in 2016 and 2020, followed by a modest recovery. The year-on-year variation for 2023 was almost stagnant at 0.059%, and the five-year CAGR was slightly negative at -0.11%. Despite brief periods of growth, such as in 2018 and 2021, the market has generally shown stability with slight downward pressure.
Future trends to watch for include potential shifts in consumer preferences toward alternative proteins, impacts of international trade policies, and environmental sustainability concerns. This could either stimulate or stagnate the growth of the meat market in Malaysia.
