By analyzing the forecasted data for mutton and goat meat demand in Malaysia from 2024 to 2028, we observe a consistent growth trend. In 2023, the actual demand stood at 27,000 metric tons. The year-on-year variations indicate slight but steady increases: 2024 (+0.7%), 2025 (+0.74%), 2026 (+0.36%), 2027 (+0.73%), and 2028 (+0.72%). The compound annual growth rate (CAGR) over the five-year period is approximately 0.6%.
Looking ahead, future trends to watch for include potential shifts in consumer preferences towards other types of meat, which could affect demand. Additionally, changes in import regulations, local production capacity, and potential economic factors could influence growth trajectories.
