The meat market size volume per capita in Malaysia is projected to decline steadily from 52.36 kg in 2024 to 51.54 kg in 2028. The forecast data indicates a drop of about 1.56% over the five-year period, suggesting a modest but consistent decrease in meat consumption per capita. In 2023, the actual volume stood at 52.58 kg per capita.
Year-on-year percentage variation is minimal:
- 2024: -0.42%
- 2025: -0.40%
- 2026: -0.39%
- 2027: -0.39%
- 2028: -0.39%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -0.39%. This indicates a gradual but persistent decline in per capita meat consumption.
Looking ahead, key trends to watch include shifts in dietary preferences towards plant-based alternatives, regulatory changes, and economic factors that could influence meat consumption. Additionally, public health campaigns and sustainability concerns may further drive down per capita meat consumption in Malaysia.