Malaysia Animal Feed Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Malaysia Animal Feed Market Growth

The growth of Malaysia animal feed market is driven significantly by increasing meat consumption, changing dietary habits, growing focus on gut health and animal immunity, and advancements in sustainable feed technology. Additionally, the adoption of precision farming and the Internet of Things (IoT) by key players has propelled market expansion in the region.

Moreover, artificial intelligence (AI) and automation have been integrated with cattle farming for personalized feed formulation, increased milk production, and improved animal health to satisfy the rising demand for livestock products, reduce labour costs, and achieve 50% self-sufficiency as per the vision 2050 laid down by the government.

As per Malaysia animal feed industry analysis, there is a rising demand for sustainable options in the feed market. The Malaysia Investment Development Authority (MIDA) claims that sorghum and corn cultivation are being practised in dedicated arable land to produce feed for ruminant livestock such as cattle, sheep, goats, and buffalos among others. Additionally, sorghum is a new animal feed alternative in Malaysia as it offers several benefits such as nutritional increase, and high pest resistance, and is a prominent source of protein and energy. Furthermore, it’s a cost-effective option for farmers due to its wide adaptability to different types of soil and short growing seasons as compared to others.

Key Trends and Recent Developments

Growing awareness of animal nutrition, increased meat consumption, rising poultry exports, and promotion of alternative feed production are accelerating the overall Malaysia animal feed market value.

June 2023

Nutrition Technologies, known for black soldier fly larvae production in Malaysia, especially for aquafeed, received new investment from Bunge Ventures. The company ensured that it would capitalise on Bunge’s global network of agribusiness and use the same to scale its tropical bioconversion system, making insect-based products a mainstay ingredient of the future.

July 2022

The Malaysian Palm Oil Board (MPOB) developed a new animal feed technology that reduced the prices of animal feed in Malaysia by using technology for animal oil palm products and by-products in feed pellet formulation for beef cattle. The technology was revealed at its Transfer of Technology Seminar and Exhibition (TOT) 2022. Furthermore, this technology ensured that the formulation did not compromise the nutritional value of the feed pellet.

May 2022

Pet World Nutritions announced the launch of its first sustainable commercial dog food in Malaysia formulated with black soldier fly larvae (BSFL) protein in partnership with the SPCA Selangor and Nutrition Technologies, a Malaysian manufacturer of sustainable ingredients for animal and pet feed. The partnership was implemented through an agreement, under which the parties agreed to promote the use of BSFL in commercial pet food products and organize educational campaigns on its sustainable benefits.

March 2021

FGV Holdings Berhad (FGV) through its subsidiary, FGV Integrated Farming Holdings Sdn Bhd (FGVIF) launched the high-quality animal feed brand ALMA to expand its market in Malaysia. Moreover, it allocated 75,000 metric tonnes of palm kernel expeller or 20% of its total production for the manufacture of the new brand of animal feed. The new brand of animal feed was free from antibiotics and included healthy formulations for beef and dairy cattle feed, goat and sheep feed, chicken and native chicken feed, natural mineral feed and additional feed for livestock.

Increasing Awareness of Animal Nutrition Propelling Malaysia Animal Feed Industry Growth

The growing awareness of animal nutrition among Malaysian poultry farmers is a key driver for the growth of the animal feed market. Moreover, a preference for high-quality meat and poultry products among the Malaysian population is raising the demand for organic products, which are a healthier and more cost-effective option. Adding to it, several government initiatives and educational campaigns are prompting farmers to opt for scientific methods of feed production and best practices prescribed as per international standards. These efforts are propelling the growth of the high-quality animal feed market in the country.

Growing Meat Consumption Fuelling the Malaysia Animal Feed Demand Growth

Increased meat consumption is propelling the growth of the poultry farming sector in Malaysia, thereby raising the demand for animal feed. According to the official data of the OECD, meat consumption, specifically veal and beef, in Malaysia, was estimated at 5.4 kilograms of retail weight per capita in 2023. Further, it was projected to grow to 5.6 kilograms of retail weight per capita until the end of 2024. This growing trend is expected to continue throughout the forecast period, thereby propelling the demand for animal feed in the country.

Rising Poultry Exports Leading to the Growth of Malaysia Animal Feed Market Revenue

Rising poultry exports from Malaysia are leading to the growth of the market. The World Bank estimated the total pig and poultry fat exports by the country in 2023 to exceed 52,000 kgs, generating an overall value worth USD 989,000. A major share was accounted for by Hong Kong, China, and Macau. These values are expected to grow in the coming years owing to Malaysia’s proximity to major export markets and its highly developed shipping infrastructure, leading to a further rise in animal feed market revenue.

Popularity Alternative Feed Production is a Growing Trend of Malaysia Animal Feed Market

The Malaysian government is increasingly promoting the production of alternative animal feed to reduce dependency on traditionally used soybeans.  For instance, the Malaysian government established an animal feed processing plant based on palm kernel waste in partnership with the private sector in June 2022. Additionally, it also approved Sorghum as a new source of animal feed in the year 2022. Such efforts are expected to continue during the forecast period leading to diversification of the animal feed market.

Malaysia Animal Feed Industry Segmentation

“Malaysia Animal Feed Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Fodder and Forage
• Compound Feed 

Market Breakup by Livestock

• Pork
• Aquatic Animal
• Cattle
• Poultry
• Others

Market Breakup by Raw Material

• Soy
• Corn
• Others

Malaysia Animal Feed Market Share

Based on livestock, the market is primarily divided into pork, aquatic animals, cattle, and poultry, among others. According to the Federation of Livestock Farmers’ Associations of Malaysia, poultry is the most advanced segment in the livestock sector with chicken and eggs being a staple part of the Malaysian diet. The per capita consumption of chicken accounts for 50 kg. On the other hand, per capita egg consumption is 280 yearly. The industry also receives a government subsidy of RM 3.8 billion.

Leading Companies in Malaysia Animal Feed Market

Market players are continuously developing technologies and sustainable strategies to boost animal feed production.

• Alltech Inc.
• Nutreco N.V.
• Purnima Feeds
• Cargill, Incorporated
• Charoen Pokphand Foods PCL
• FFM Berhad Group
• Bio Metro Fusion Sdn Bhd
• Leong Hup International Berhad
• Others