Forecast: Chicken Meat Production in Malaysia

Malaysia's chicken meat production in 2023 stood at 1.8141 million metric tons. The data indicates varying growth rates over the years. Between 2013 and 2023, production fluctuated with periods of both growth and decline. Notable increases occurred in years like 2014 and 2016, while years such as 2017 and 2020 saw declines. The last two years showed modest growth of around 2% annually, and the CAGR over the last five years was 2.7%. Looking ahead, forecasted data suggest continued growth, with a forecasted five-year CAGR of 1.7% and an overall growth rate of 8.78% by 2028.

Future trends to watch for include:

• Technological advancements in poultry farming that could enhance productivity.
• Changes in consumer preferences and potential shifts towards alternative proteins.
• Economic factors and trade policies that could impact production costs and export opportunities.
• Environmental regulations and sustainability practices affecting the poultry industry.