Malaysia Meat Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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Malaysia Meat Market Overview
The Malaysian meat market was valued at MYR10.2 billion ($2.3 billion) in 2022 and is expected to grow at a CAGR of more than 3% during the period 2022-2027. Frozen meat was the largest category in 2022. However, the chilled raw packaged meat-processed category is expected to register the fastest value growth in the Malaysia meat market during 2022-2027.
Malaysia Meat Market Outlook 2022-2027 (MYR Billion)
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The Malaysia meat market report provides an overview of the overall sector value and volume data with a growth analysis for 2017-2027. The report also offers value and growth analysis of individual segment shares within each category and the change in their market share forecast for 2022-2027.
Market size 2022 | MYR10.2 billion ($2.3 billion) |
CAGR % | >3% |
Review Period | 2017-2022 |
Forecast period | 2023-2027 |
Key Categories | · Frozen Meat
· Chilled Raw Packaged Meat-Whole Cuts · Chilled Raw Packaged Meat-Processed · Ambient Meat · Cooked Meats-Counter · Cooked Meats-Packaged · Fresh Meat (Counter) |
Key Distribution Channels | · Hypermarkets and Supermarkets
· Food and Drinks Specialists · Convenience Stores · Cash and Carry and Warehouse Clubs · E-Retailers · Others |
Key Pack Materials | · Rigid Plastics
· Flexible Packaging · Rigid Metal · Paper & Board |
Competitors | · Ramly Food Processing Sdn. Bhd.
· Dindings Poultry · Farm’s Best Food Industries Sdn. Bhd. · Lay Hong Berhad · PG Lean Hwa Trading Sdn Bhd |
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Malaysia Meat Market Segmentation by Categories
Frozen meat was the largest category in 2022, followed by fresh meat (counter).
The key categories in the Malaysian meat market are frozen meat, chilled raw packaged meat-processed, chilled raw packaged meat-whole cuts, ambient meat, cooked meats-counter, cooked meats-packaged, and frozen meat. Per capita consumption of ambient meat and frozen meat was higher in Malaysia than at the global level and the regional level (APAC).
Malaysia Meat Market, by Categories, 2022 (%)
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Malaysia Meat Market, Segmentation by Distribution Channels
Hypermarkets & supermarkets was the leading distribution channel in the Malaysia meat sector in 2022
It was followed by food & drinks specialists. Other key distribution channels in the Malaysia meat market are convenience stores, e-retailers, and others. The report also provides a change in channel distribution share in the meat sector of Malaysia between 2017 and 2022.
Malaysia Meat Market, by Distribution Channel, 2022 (%)
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Malaysia Meat Market Segmentation by Pack Materials
Flexible packaging accounted for the highest share in the Malaysia meat sector, in 2022. It was followed by rigid plastics and rigid metal. Paper & board had the lowest market share.
Malaysia Meat Market, by Pack Materials, 2022 (%)
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Malaysia Meat Market - Competitive Landscape
Ramly Food Processing Sdn. Bhd. held the highest value share in the Malaysia meat sector in 2022.
The report provides an overview of leading brands in the market, besides analyzing, market share, and growth of private labels in each category.
The other leading competitors in the Malaysia meat market are:
- Dindings Poultry
- Farm’s Best Food Industries Sdn. Bhd.
- Lay Hong Berhad
- PG Lean Hwa Trading Sdn Bhd
Competitors in the Malaysia Meat Industry, 2022 (%)
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Malaysia Meat Market Categories Outlook, (MYR Billion, 2022)
- Chilled Raw Packaged Meat-Processed
- Ambient Meat
- Chilled Raw Packaged Meat-Whole Cuts
- Cooked Meats-Counter
- Cooked Meats-Packaged
- Fresh Meat (Counter)
- Frozen Meat
Malaysia Meat Market Distribution Channels Outlook, (MYR Billion, 2022)
- Hypermarkets and Supermarkets
- Food and Drinks Specialists
- Convenience Stores
- Cash and Carry and Warehouse Clubs
- E-Retailers
- Others
Malaysia Meat Market Pack Materials Outlook, (MYR Billion, 2022)
- Rigid Plastics
- Flexible Packaging
- Rigid Metal
- Paper & Board
Scope
- Sector data: Overall sector value and volume data with growth analysis for 2017-2027.
- Category coverage: Value and growth analysis of ambient meat, chilled raw packaged meat processed, chilled raw packaged meat whole cuts, cooked meats counter, cooked meats packaged, fresh meat ( and frozen meat) with inputs on individual segment share within each category and the change in their market share forecast for 2022–2027.
- Leading players: Market share of companies (in value and volume terms) in 2022.
- Distribution data: Provides analysis on the leading distribution channels, both at a sector and category level in 2022. The consumer sector reports cover the following 11 distribution channels: cash & carries and warehouse clubs, convenience stores, department stores, “dollar stores”, variety stores & general merchandise retailers, e-retailers, hypermarkets & supermarkets, food & drinks specialists, and other general retailers.
- Health & Wellness Analysis: Provides analysis on the value of health wellness claims by category in the Malaysia meat sector for the 2017-2022 period The analysis includes the key health
wellness attributes and consumer benefits driving the sales of the meat market in Malaysia in 2022.
- Packaging: The report provides a percentage share (in 2022 and growth analysis (for 2017-2027) of various pack materials, pack types, closure types, and primary outer types used in the Malaysia meat sector. The analysis is at both the sector and category level and is based on the volume sales (by pack kg) of meat in the country.
Reasons to Buy
- Identify high-potential categories and explore further market opportunities based on detailed value and volume analysis
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
- Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
- Analysis of key macroeconomic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, employed people, and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.
Dindings Poultry
Farm's Best Food Industries Sdn. Bhd.
Lay Hong Berhad
PG Lean Hwa Trading Sdn Bhd
Aqina Holdings Sdn. Bhd.
Mac Food Services Malaysia
Hormel Foods Corporation
Yeo Hiap Seng
Table of Contents
Table
Figures
Frequently asked questions
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What was the Malaysia meat market size in the year 2022?
The Malaysia meat market size was valued at MYR10.2 billion ($2.3 billion) in 2022.
-
What is the Malaysia meat market growth rate?
The Malaysia meat market is expected to grow at a CAGR of more than 3% during the period 2022-2027.
-
Which was the leading category in the Malaysia meat market in 2022?
The frozen meat category was the leading category in the Malaysia meat sector in 2022.
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Which are the leading players in the Malaysian meat market?
The leading players in the Malaysian meat market are Ramly Food Processing Sdn. Bhd., Dindings Poultry, Farm’s Best Food Industries Sdn. Bhd., Lay Hong Berhad, and PG Lean Hwa Trading Sdn Bhd.
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