Market Size of Malaysia Retail Sector
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 89.66 Billion |
| Market Size (2029) | USD 119.64 Billion |
| CAGR (2024 - 2029) | 5.94 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Malaysian Retail Market Analysis
The Malaysia Retail Market size is estimated at USD 89.66 billion in 2024, and is expected to reach USD 119.64 billion by 2029, growing at a CAGR of 5.94% during the forecast period (2024-2029).
The Malaysian retail industry has been one of the largest contributing sectors to the country's gross domestic product (GDP) for the past decades. Several national and international brands have been performing in the country with a broad range of retail outlets across the nation. Despite several new store launches and a broad network of stores, the retail industry has registered a slow rate during the study period, which was drastically dropped during 2020 owing to the COVID-19 pandemic. The movement control order (MCO) restricted the public movement, and the lockdown, which was originally expected to last for two weeks in March 2020 and extended to mid-May 2020, has resulted in a sudden drop in total revenue generated from the retail sector. The sector contracted by around 16% in 2020. Some of the retail segments recorded a great contract, including double-digit contractions during 2020, which includes apparel, footwear, fashion accessories, and others. Similarly, one of the largest distribution channel segments - the hypermarkets, supermarkets, and convenience stores - recorded a drop in the total sales generated.
Malaysian Retail Industry Segmentation
The report on the Malaysian retail sector provides a comprehensive evaluation of the market, with an analysis of the segments in the market. Moreover, the report also provides the competitive profile of the key manufacturers, along with regional analysis. The Malaysia retail sector is segmented by products (food and beverages, personal and household care, apparel, footwear, and accessories, furniture, toys, and hobby, electronic and household appliances, and other products), and distribution channel (supermarkets/hypermarkets, convenience stores, and department stores, specialty stores, online, and other distribution channels). The report offers market size and forecasts for the Malaysian retail industry in value (USD million) for all the above segments.
| By Product | |
| Food and Beverages | |
| Personal and Household Care | |
| Apparel, Footwear, and Accessories | |
| Furniture, Toys, and Hobby | |
| Electronic and Household Appliances | |
| Other Products |
| By Distribution Channel | |
| Supermarkets/Hypermarkets, Convenience Stores, and Department Stores | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
Malaysia Retail Sector Size Summary
The Malaysian retail industry has been a significant contributor to the country's economy, with a diverse range of national and international brands operating through extensive retail outlets. However, the sector faced substantial challenges during the COVID-19 pandemic, leading to a notable contraction in 2020. The movement control orders and lockdowns severely impacted physical retailing, causing a significant drop in revenue across various segments, including apparel, footwear, and hypermarkets. Despite these challenges, the industry is poised for recovery, with projections indicating steady growth over the forecast period. The organized retail market is expanding, with major players increasing their presence and replacing unorganized outlets with larger retail chains, which is expected to drive market growth.
The food and beverage sector in Malaysia, particularly the processed food industry, remains robust, with a mix of Malaysian-owned SMEs and foreign companies contributing to its diversity. The sector has adapted to the pandemic's challenges by expanding online distribution channels to meet the rising demand. While physical retailing continues to face hurdles, the strengthening of online channels is helping to mitigate revenue losses. The market landscape is dominated by key players such as B.I.G. Store Sdn Bhd, 7-Eleven, and Tesco, among others. The exit of some international players, like Robinson & Co., highlights the ongoing challenges, but the overall market is expected to recover and grow, driven by strategic expansions and the shift towards organized retailing.
Malaysia Retail Sector Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints/Challenges
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1.4 Value Chain/Supply Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.6 Consumer Behavior Analysis
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1.7 Insights into Technological Innovations in the Retail Industry
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Food and Beverages
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2.1.2 Personal and Household Care
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2.1.3 Apparel, Footwear, and Accessories
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2.1.4 Furniture, Toys, and Hobby
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2.1.5 Electronic and Household Appliances
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2.1.6 Other Products
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets, Convenience Stores, and Department Stores
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2.2.2 Specialty Stores
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2.2.3 Online
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2.2.4 Other Distribution Channels
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Malaysia Retail Sector Market Size FAQs
How big is the Malaysia Retail Market?
The Malaysia Retail Market size is expected to reach USD 89.66 billion in 2024 and grow at a CAGR of 5.94% to reach USD 119.64 billion by 2029.
What is the current Malaysia Retail Market size?
In 2024, the Malaysia Retail Market size is expected to reach USD 89.66 billion.
