Retail Growth Slows as Consumers Seek Greater Value-For-Money
Retail in Malaysia in 2025 is shaped by heightened cost sensitivity and a strong pivot towards affordability, leading to robust growth in value-driven formats and innovations in both physical and digital shopping experiences. Despite a slowdown in current value growth to 2% and a total value of MYR292,619 million, the landscape remains attractive for businesses able to deliver strong value propositions, leverage technology, and differentiate through experiential engagement. Competitive pricing, expansion into underserved regions, and the adoption of digital tools such as AI and social commerce, are enabling retailers to capture incremental growth.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Retail industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Convenience Stores
- Discounters
- Hypermarkets
- Supermarkets
- Traditional Grocery Retailers
- Apparel and Footwear Specialist Retailers
- Electronics and Appliance Specialist Retailers
- Health and Beauty Specialist Retailers
- Home and Garden Specialist Retailers
- Department Stores
- Variety Stores
- Warehouse Clubs
- Direct Selling
- Homeshopping
- Vending
If you're in the Retail industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Retail in Malaysia report includes:
- Analysis of key retail trends
- Detailed segmentation of offline and online retail sales
- Historic channel sizes (retail value sales, outlet counts, and selling space)
- Company and brand market shares (retail value sales and outlet counts)
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Retail in Malaysia?
- Which are the leading retailers in Retail in Malaysia?
- How are products distributed in Retail in Malaysia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How significant are discounters and private label in Malaysia?
- To what extent are sales shifting towards digital channels?
- What is the long-term outlook for bricks-and-mortar?
- How is macroeconomic and political uncertainty affecting the retail industry?
- What types of retailers are seeing the fastest growth in digital sales?
- What is the future of retail?
Retail in Malaysia
Retail Growth Slows as Consumers Seek Greater Value-For-Money
Key Data Insights
Retail Growth Slows as Consumers Seek Greater Value-For-Money
Appliances and Electronics Specialists Retain Lead Despite Softening Demand
Ikea Reinvents Store Experience to Drive Physical Footfall and Brand Connection
Strong Focus on Value Amid Cost Pressures Fuels Retail Growth
Shopee, Lazada and Tiktok Shop Expand Social Commerce Reach
Shopee and 99 Speedmart Sustain Leadership as Retail Remains Fragmented
Wow Beauty and Jaya Grocer Signature Set New Experiential Benchmarks
Informal Retail
Opening Hours for Physical Retail
Seasonality
Chinese New Year
Hari Raya Aidilfitri
Deepavali
Christmas
Convenience Retailers in Malaysia
Key Data Insights
Strong Performance Driven by Aggressive Expansion of Convenience Stores
Strong Performance Driven by Aggressive Expansion of Convenience Stores
99 Speedmart and Econsave Boost Growth by Prioritising Affordability and Proximity
7-Eleven and 7-Cafe Leverage Private Label to Attract Value-Driven Consumers
Digitalisation and Cost-Efficient Retail Chains to Drive Outlet Expansion
Forecourt Retailers Seek to Differentiate through Alliance with Convenience Store Brands
Mondo Smart Store and Family Mart Lead the Emergence of Unmanned and Ai-Powered Retail Formats
99 Speedmart Accelerates Share Gains as Rivals Lose Ground
Emart24 Captures New Demand by Riding Korean Food Trends
Supermarkets in Malaysia
Key Data Insights
Strong Value Growth Driven by Premium Supermarket Retailers
Strong Value Growth Driven by Premium Supermarket Retailers
Focus on Retail E-Commerce Brings Innovations to a Growing Base of Online Shoppers
Jaya Grocer Partners with Global Retailers to Bring Exclusive Private Label Lines
Moderate Growth Prospects in the Supermarket Channel Are Supported by a Surge in Private Label
Aeon and Jaya Grocer Leverage Technology to Boost Shopper Engagement
Aeon Accelerates Store Innovation to Widen Sales Lead
Grab Holdings Leverages Acquisitions to Drive Digital Transformation
Hypermarkets in Malaysia
Key Data Insights
Hypermarkets Face Price Competition From Emerging Channels
Hypermarkets Face Price Competition From Emerging Channels
Players Respond to the Rise of E-Commerce
Mydin’S Campaign Engages Cost-Conscious Shoppers
Hypermarket Format to Face Ongoing Challenges as Players Adopt Technology to Enhance Efficiency
Strong Focus on Local Sourcing and Private Label to Meet Cost-Of-Living Challenges
Hypermarkets Pivot to Smaller Formats and Digital Services to Retain Relevance
Lotus Invests in Digital Services to Accelerate Share Gains
Discounters in Malaysia
Key Data Insights
Tmg Mart Attracts Price-Conscious Shoppers with Targeted Weekend Promotions
Tmg Mart Attracts Price-Conscious Shoppers with Targeted Weekend Promotions
Tmg Mart Expands in Rural Locations to Reach Underserved Consumers
D'mart and Tmg Mart Expand Reach as Cost Pressures Rise
Small Player Base Sustains Competitive Pressure From Local Grocers
Tmg Mart Accelerates Outlet Growth as D’Mart Segi Fresh Deepens Community Links
Small Local Grocers in Malaysia
Key Data Insights
Government Cash Aid Sustains Rural Demand and Supports the Resilience of Small Local Grocers
Government Cash Aid Sustains Rural Demand and Supports the Resilience of Small Local Grocers
Digital Wallet Adoption Expands Rural Grocer Reach and Efficiency
Community Campaigns Drive Loyalty through Local Sourcing Partnerships
General Merchandise Stores in Malaysia
Key Data Insights
Variety Stores Gain Traction as Department Stores Lose Ground
Variety Stores Gain Traction as Department Stores Lose Ground
Parkson Reinvents In-Store Experience to Attract Younger Shoppers
Eco Shop’S Value Model Drives Rapid Expansion among Rural Population
Promising Outlook as Variety Stores Focus on Younger Consumers
Value Positioning and Experiential Retailing to Drive Category Performance
Eco Shop Expands Rural Distribution to Outpace Rivals in Share Gains
Apparel and Footwear Specialists in Malaysia
Key Data Insights
Retailers Attract Budget-Conscious Shoppers with Aggressive Discounting
Retailers Attract Budget-Conscious Shoppers with Aggressive Discounting
Anta Boosts Experiential Shopping with Interactive Superstore Launch
Fast-Fashion to Drive Moderate Value Growth
Chinese Fashion Brands Accelerate Store Expansion and Digital Influence
Sportwear Brands to Capitalise on the Boom in Active Lifestyles
Padini Leverages Multi-Brand Value Focus to Sustain Leadership
Appliances and Electronics Specialists in Malaysia
Key Data Insights
Stronger Commitment to Retail E-Commerce Enhances Online Stores and Subscription Services
Stronger Commitment to Retail E-Commerce Enhances Online Stores and Subscription Services
Renovations and Immersive Experiences Transform Physical Retail Spaces
Shopee and Lazada Drive Price Competition as Consumers Shift Online
Retailers Embrace Smart, Green and Design-Led Innovation to Attract New Demand
Elitetrax Marketing Sdn Bhd Boosts Its Leading Position with Active Marketing and Outlet Expansion
Home Products Specialists in Malaysia
Key Data Insights
Ikea Reconnects with Cautious Shoppers through Immersive In-Store Experiences
Ikea Reconnects with Cautious Shoppers through Immersive In-Store Experiences
Pet Shops and Superstores Gain Traction as Homewares and Home Furnishing Stores Face Decline
Ikea and Digital Platforms Drive Convenience and Price Transparency
Mr Diy and Ikea Embrace Value-Driven Strategies as Shoppers Seek Affordability
Homewares and Home Furnishing Stores Retain Top Position Despite Modest Gains
Licensed Collections and Lifestyle Retailing Attract Younger Shoppers and Fuel Diversification
Mr Diy Streamlines Outlet Network and Expands Formats to Secure Lead
Health and Beauty Specialists in Malaysia
Key Data Insights
Positive Results From All Channels in Health and Beauty Specialists
Positive Results From All Channels in Health and Beauty Specialists
Watsons and Wow Beauty Boost Engagement with Experiential Retail Formats
Pharmacies Attract Health-Conscious Shoppers as Growth Leaders
Watsons and Guardian Drive Growth with Experiential and Premium Concepts
L’Oréal, Wow Beauty, and Watson's Fuel Digital and Social Innovation
Watsons Leverages Experiential Events and Innovation to Extend Its Lead
Vending in Malaysia
Key Data Insights
Younger Consumers Embrace Convenience as Public Vending Expands
Younger Consumers Embrace Convenience as Public Vending Expands
Wider Product Range Drives Higher Spending in Vending Channel
New Vending Concepts Reshape Daily Routines in Urban Environments
Subway and Mama’S Delights Launch Touchscreen and Heated Vending to Attract Digital-First Consumers
Touchscreen Technology and Ai Drive Youth Engagement While Brands Diversify into Fresh and Frozen Vending
Coca-Cola Bottlers Sustains Lead as Competitors Lose Share
Direct Selling in Malaysia
Key Data Insights
Slower Peformance as Competition Intensifies for Direct Selling
Slower Peformance as Competition Intensifies for Direct Selling
Nu Skin and Dr's Secret Drive Growth with Ai-Powered Personalisation
Steady Growth Supported by Ai Tools That Personalise Consultations and Boost Engagement
Cosway Accelerates Digital Transformation to Stem Sales Decline
Retail E-Commerce in Malaysia
Key Data Insights
Social Commerce Boosts Retail E-Commerce Sales
Social Commerce Boosts Retail E-Commerce Sales
Zalora’S Offline Pop-Ups Strengthen Brand Loyalty and Festive Sales
Moderate Growth for Retail E-Commerce as Tiktok and Temu Reshape Shopping Habits
Ai-Powered Recommendations and Price Transparency Boost Digital Loyalty
Shopee Accelerates Value Share as Temu and Tiktok Gain Traction
Country Reports Disclaimer
The following categories and subcategories are included:
Retail
-
-
-
- Convenience Stores
- Forecourt Retailers
- Supermarkets
- Hypermarkets
- Discounters
- Warehouse Clubs
- Food/Drink/Tobacco Specialists
- Small Local Grocers
-
-
-
- Department Stores
- Variety Stores
- Apparel and Footwear Specialists
- Appliances and Electronics Specialists
-
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
-
- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
-
- Bags and Luggage Specialists
- Jewellery and Watch Specialists
- Sports Goods Stores
- Traditional Toys and Games Stores
- Other Non-Grocery Retailers
-
-
- Fashion Vending
- Health and Beauty Vending
- Appliances and Electronics Vending
-
- Alcoholic Drinks Vending
- Hot Drinks Vending
- Soft Drinks Vending
- Tobacco Products Vending
- Foods Vending
- Home Products Vending
- Other Products Vending
-
-
- Apparel and Footwear Direct Selling
- Personal Accessories Direct Selling
- Eyewear Direct Selling
-
- Beauty and Personal Care Direct Selling
- Consumer Health Direct Selling
- Tissue and Hygiene Direct Selling
- Appliances and Electronics Direct Selling
- Drinks and Tobacco Direct Selling
- Foods Direct Selling
- Home Products Direct Selling
- Other Products Direct Selling
-
-
-
-
-
- Apparel and Footwear E-Commerce
- Personal Accessories E-Commerce
- Eyewear E-Commerce
-
- Beauty and Personal Care E-Commerce
- Consumer Health E-Commerce
- Tissue and Hygiene E-Commerce
-
- Consumer Appliances E-Commerce
- Consumer Electronics E-Commerce
- Toys and Games E-Commerce
- Drinks and Tobacco E-Commerce
- Foods E-Commerce
-
- Home Care E-Commerce
- Home and Garden E-Commerce
- Pet Care E-Commerce
- Other Products E-Commerce
-
-
-
- First-Party (1P) Marketplace E-Commerce
- Third-Party (3P) Marketplace E-Commerce
- Grocery E-Commerce
- General Merchandiser E-Commerce
- Apparel and Footwear Specialist E-Commerce
- Appliances and Electronics Specialist E-Commerce
- Home Products Specialist E-Commerce
- Health and Beauty Specialist E-Commerce
- Leisure and Personal Goods Specialist E-Commerce
- Other E-Commerce Retailers
-
-
Retail
Retail is the sale of new and used goods to consumers from a business for personal or household consumption from retail outlets, kiosks, market stalls, vending, direct selling and e-commerce. Retail is the aggregation of Retail Offline and Retail E-Commerce. Excludes specialist retailers of motor vehicles, motorcycles, vehicle parts. Also excludes fuel sales, foodservice sales, rental transactions, wholesale sales (e.g. Cash and Carry), and sales through cannabis dispensaries in markets where cannabis is sold legally. Sales value excluding or including VAT/Sales Tax. Retail also excludes the informal retail sector. Informal retailing is retail trade which is not declared to the tax authorities. Informal retailing encompasses (a) sales generated by unregistered and unlicensed retailers, i.e. retailers operating illegally, and (b) any proportion of sales generated by a registered and licensed retailer that is not declared to the tax authorities. Unregistered and unlicensed retailers operate predominantly (although not exclusively) as street hawkers or operate open market stalls, as these channels are harder for the authorities to monitor than permanent outlets. Activities in the illegal market, which is usually understood to refer to trade in illegal, counterfeit or stolen merchandise, are included within our definition of informal retailing. Activities in the “grey market”, which is usually understood to refer to trade in legal merchandise that is sold through unauthorized channels – for example cigarettes bought legally in another country, legally imported, but sold at lower prices than in authorized channels – will be included as informal retailing if no tax is paid on sale by the retailer. However if the retailer pays tax – for example on cigarettes bought legally in another country but sold at a lower price than standard – the sale is included within formal retail.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Retail research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!