Forecast: Mutton and Goat Meat Market Size Volume in Malaysia

From 2014 to 2023, the mutton and goat meat market in Malaysia saw a gradual upward trend, starting at 24.0 thousand metric tons in 2014 and reaching 27.0 thousand metric tons by 2023. A notable dip occurred in 2020 with a -5% year-on-year decline, likely influenced by global disruptions. Nonetheless, the market rebounded in subsequent years, revealing a CAGR of 0.76% over the last five years leading to 2023. The year-on-year variations were generally low, with occasional minor increments.

In the forecasted years from 2024 to 2028, the market is expected to continue its steady growth, exhibiting an average annual growth rate of 0.51% and an overall growth rate of 2.57%. By 2028, the market size is projected to reach 27.9 thousand metric tons.

Future trends to watch for include:

• Potential impact of changing dietary preferences.
• Trade policies affecting meat imports and exports.
• Developments in local meat production and livestock farming.