Malaysia Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder & Forage, Compound Feed), By Livestock (Pork, Aquatic Animals, Cattle, Poultry, 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
- Published : Oct 2023
- Report Code : KSI061616076
- Pages : 90
The Malaysia 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 as a result of sustained consumer growth, a rise in agricultural production, and an increase in the planting area are all elements influencing Malaysia's animal feed market.
Growing government initiatives
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 which is anticipated to fuel the Malaysia animal feed market.
Rising import of animal food in Malaysia
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 increased significantly as a result of these changes in consumer behaviour 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.
Increasing meat consumption in the nation
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. With changing eating patterns, Malaysia's population has a sizable pool of active consumers. The rise in economic development and disposable wealth in Malaysia with its sizable Muslim population offers an opportunity for exporters of American agricultural products.
Market Key Developments
- 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.
- 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 as a way to support the National Food Security agenda and National Agrofood Policy 2.0 in Malaysia.
- By Type
- Fodder & Forage
- Compound Feed
- By Livestock
- Aquatic Animals
- By Raw Material
- Rendered Meal
- By Production Systems
- Commercial Mills
- By Source
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
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
5.2. Fodder & Forage
5.3. Compound Feed
6. MALAYSIA ANIMAL FEED MARKET, BY LIVESTOCK
6.3. Aquatic Animals
7. MALAYSIA ANIMAL FEED MARKET, BY RAW MATERIAL
7.4. Rendered Meal
8. MALAYSIA ANIMAL FEED MARKET, BY PRODUCTION SYSTEMS
8.3. Commercial Mills
9. MALAYSIA ANIMAL FEED MARKET, BY SOURCE
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
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.
Charoen Pokphand Foods PCL
ADM Animal Nutrition
Jasanga (M) Sdn. Bhd.
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