Malaysia Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder & Forage, Compound Feed), By Livestock (Pork, Aquatic Animals, Cattle, Poultry (Breeder, Broiler), Others), By Raw Material (Soy, Corn, Rendered Meal, Others), By Production Systems (Integrated, Commercial Mills), And By Source (Organic, Conventional) - Forecasts From 2023 To 2028

The Malaysian animal feed market is projected to witness a compound annual growth rate of 2.18% to grow to US$2,811.616 million by 2028, from US$2,418.186 million in 2021.

Animal feed is crucial for enhancing animal health. By providing additional nutrients along with the meal, stimulating rapid development, weight increase, and improving immunity, the animal feed enhances the animal's capabilities. The country's rising imports because of sustained consumer growth, a rise in agricultural production, and an increase in the planting area are all elements influencing Malaysia’s animal feed business.

As per the Ministry of Economy Department of Statistics, Malaysia, regarding the livestock sub-sector, 839.7 thousand tonnes of chicken/duck egg production were produced in 2021, up 5.6% from 795.5 thousand tonnes the year before. This growth will positively impact the increase in the animal feed market in Malaysia.

Further, according to the Ministry of Agriculture and Food Industries (MAFI) on October 9, 2022, Malaysia extended the subsidies for the poultry sector until December 2022 to stabilize the price of whole chicken (processed and marketed with head, feet, and organs) and eggs. The Government of Malaysia (GOM) allocated a total of RM1.233 billion (USD$265.16 million) for chicken and egg subsidies from February to December 2022.

In July 2023, Universiti Putra Malaysia (UPM) introduced mushroom feed as a substitute for maize feed for farm animals by growing oyster mushrooms under its Photovoltaic (PV) solar infrastructure.

Rising consumption of meat and other animal-based products

The demand for foods with superior nutritional content and quality, such as meat, eggs, and milk, has increased as a result of the rising need for greater dietary diversity and protein consumption. The demand for all animal products has also surged significantly as a result of these changes in consumer behavior and Malaysia’s rapid population expansion.

As per the report published by OEC, Malaysia became the 27th-largest importer of animal food in the world in 2021, bringing in $461M. Animal Food was Malaysia's 103rd most imported commodity in the same year. Thailand ($170M), Vietnam ($64.7M), China ($49.2M), the United States ($27.1M), and Singapore ($17.6M) are the main countries from which Malaysia buys animal food. Between 2020 and 2021, Thailand ($39.7M), France ($5.31M), and Brunei ($5M) were Malaysia's fastest-growing import markets for animal food. Further, the growing meat consumption of the Malaysian population is the key factor fueling the Malaysian animal feed market. For instance, according to OECD, consumption of poultry meat in Malaysia was 1.119 kilograms/capita in the year 2022, which surged to as high as 1.141 kilograms/capita in 2023. This consumption growth will be attributed to more demand for animal feed for better production of meat in Malaysia.

It is projected that the Malaysian poultry feed market will grow steadily. 

Meat consumption and poultry meat export are one of the dominating sectors in Malaysia. For instance, in 2021 according to the Organization for Economic Cooperation and Development, US$ 19.4 million worth of poultry meat was exported by Malaysia making it the 47th largest poultry meat exporter in the world. Thailand ($6.32 million), Singapore ($3.86 million), Japan ($2.55 million), United Arab Emirates ($2.12 million), and Timor-Leste ($1.76 million) are Malaysia's top export markets for poultry meat. The increasing need for poultry meat and the increasing pressure of exports for the same are increasing the pressure on the poultry segment which in turn is increasing the demand for poultry animal feed in Malaysia in the projected period.

Additionally, the increasing subsidies to farmers who are producing meat and eggs are given by the government of Malaysia which increases the demand for good quality animal feed for poultry animals so that the production can be increased. For instance, the Government of Malaysia (GOM) allocated RM1.233 billion (USD$265.16 million) for chicken and egg subsidies from February to December 2022, according to a recent USDA GAIN study.

According to the Department of Veterinary Services Malaysia, the consumption of poultry meat has increased from the year 2018 to 2022, contrary to other livestock products. The consumption of poultry meat in 2018 was 45.7 kgs per capita which reached 45.8 kgs in the year 2022. The consumption of beef, mutton, and pork reduced drastically. Hence, the demand for animal feed specifically for poultry is expected to increase in the coming year with the increase in consumption the market growth is anticipated to be driven by this.

Market Key Developments

• In March 2021, FGV Holdings Berhad (FGV) introduced its premium animal feed brand ALMA through its subsidiary, FGV Integrated Farming Holdings Sdn Bhd (FGVIF), in response to a request from the Malaysian government and to support the National Food Security agenda and National Agrofood Policy 2.0 in Malaysia.

Segmentation:

• By Type
  • Fodder & Forage
  • Compound Feed
• By Livestock
  • Pork
  • Aquatic Animals
  • Cattle
  • Poultry
    • Breeder
    • Broiler
  • Others
• By Raw Material
  • Soy
  • Corn
  • Rendered Meal
  • Others
• By Production Systems
  • Integrated
  • Commercial Mills
• By Source
  • Organic
  • Conventional

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. MALAYSIA ANIMAL FEED MARKET BY TYPE

5.1. Introduction

5.2. Fodder & Forage

5.3. Compound Feed

6. MALAYSIA ANIMAL FEED MARKET BY LIVESTOCK

6.1. Introduction

6.2. Pork

6.3. Aquatic Animals

6.4. Cattle

6.5. Poultry

6.5.1. Breeder

6.5.2. Broiler

6.6. Others

7. MALAYSIA ANIMAL FEED MARKET BY RAW MATERIAL

7.1. Introduction

7.2. Soy

7.3. Corn

7.4. Rendered Meal

7.5. Others

8. MALAYSIA ANIMAL FEED MARKET BY PRODUCTION SYSTEMS

8.1. Introduction

8.2. Integrated

8.3. Commercial Mills

9. MALAYSIA ANIMAL FEED MARKET BY SOURCE

9.1. Introduction

9.2. Organic

9.3. Conventional

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

11. COMPANY PROFILES

11.1. Alltech

11.2. Cargill, Incorporated

11.3. Kemin Industries, Inc.

11.4. Nutreco N.V.

11.5. Charoen Pokphand Foods PCL

11.6. ADM Animal Nutrition

11.7. Purnima Feeds

11.8. Jasanga (M) Sdn. Bhd.

11.9. Hi-Profeed

Alltech

Cargill, Incorporated

Kemin Industries, Inc.

Nutreco N.V.

Charoen Pokphand Foods PCL

ADM Animal Nutrition

Purnima Feeds

Jasanga (M) Sdn. Bhd.

Hi-Profeed