In 2023, the poultry meat market size in Malaysia stood at 1.22 million metric tons. Over the preceding years, the market experienced slight fluctuations, with notable variations such as a peak in 2015 and declines in 2016 and 2020. The year-on-year variation for 2023 was a slight decline of 0.082%, while the five-year CAGR showed an average annual decrease of 0.18%.
Key annual variations:
- 2018: +1.82%
- 2019: -0.65%
- 2020: -5.08%
- 2021: +5.18%
- 2022: 0%
- 2023: -0.082%
Looking forward, the market is expected to stabilize at 1.22 million metric tons through 2028, with a forecasted five-year CAGR of -0.05%. This indicates minimal variance in market size in the near term.
For future trends, watch for potential impacts from sustainability initiatives, shifts in consumer preferences toward plant-based alternatives, and potential policy changes around food safety and imports that could further influence market dynamics.
