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 and weight increase, and improving immunity, the animal feed enhances the animal's capabilities. The country's rising imports due to 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 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.
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.
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), the 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 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 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 2018 to 2022, contrary to other livestock products. The consumption of poultry meat in 2018 was 45.7 kg per capita, which reached 45.8 kg in the year 2022. The consumption of beef, mutton, and pork has drastically reduced. 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.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$2,418.186 million |
| Market Size Value in 2028 | US$2,811.616 million |
| Growth Rate | CAGR of 2.18% |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Million |
| Segments Covered |
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| Companies Covered | |
| Customization Scope | Free report customization with purchase |