Malaysia E-Commerce Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Malaysia E-Commerce Market Statistics & Trends and it is segmented into B2C E-commerce (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverage, Furniture and Home), and B2B E-commerce. The market sizes and forecasts are provided in terms of value (USD) for all the above segments

Malaysia E-Commerce Market Size

Single User License
Team License
Corporate License
Book before:
View Global Report
Malaysia E-commerce Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 10.72 Billion
Market Size (2029) USD 20.93 Billion
CAGR (2024 - 2029) 14.32 %
Market Concentration Medium

Major Players

Malaysia E-commerce Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License


Team License


Corporate License

Book before:

Malaysia E-Commerce Market Analysis

The Malaysia E-commerce Market size is estimated at USD 10.72 billion in 2024, and is expected to reach USD 20.93 billion by 2029, growing at a CAGR of 14.32% during the forecast period (2024-2029).

According to the International Trade Administration, Malaysia has a high e-commerce adoption rate, aided by a sizable population of active internet users (27.4 million, or 80%) and high mobile phone penetration (84.2%) in the previous year. Additionally, as of the last year, the nation had 39.9 million mobile connections and 28 million users on social media.

  • The Malaysian government has been proactive in supporting and nurturing the e-commerce industry. Launching initiatives such as the Digital Free Trade Zone (DFTZ) and the Digital Economy Blueprint has provided a conducive environment for e-commerce businesses to thrive. These initiatives offer benefits such as tax incentives, infrastructure development, and regulatory support, attracting local and international players to invest in Malaysia's e-commerce market.
  • Additionally, the government is taking several steps to promote the growth of e-commerce in the nation. The National E-Commerce Council, comprised of several ministries and government entities, was established by the government to improve the implementation of the National E-Commerce Strategic Roadmap 2.0 (NeSR2.0). The National Council of Digital Economy and 4IR have approved the National E-commerce Strategic Roadmap 2.0 (NeSR2.0), guided by three objectives: boosting e-commerce adoption, enhancing ecosystem growth, and bolstering e-commerce laws and regulations.
  • According to Malaysia's Commercial Crime Investigation Department (CCID), e-commerce fraud cases have increased from 3,318 cases accounting for MYR 22.39 million in recent years to 8,162 cases accounting for MYR 57.73 million reported until the previous year. The tenacity of fraud has hindered the market's expansion, which has eroded purchasers' faith.
  • The e-commerce market in Malaysia has increased due to the Covid-19 pandemic, which has shifted consumer behavior from offline to online shopping and prompted retailers to enhance their online presence. The industry has also benefited from government support, the increasing internet and smartphone penetration, the rising disposable income, and the growing demand for e-commerce logistics.
  • Moreover, according to the Malaysian Communications and Multimedia Commission (MCMC), during the COVID-19 outbreak, internet traffic in Malaysia jumped by more than 30%. Malaysia's government has also acknowledged the expansion of e-commerce in the country and has assisted MSMEs in adopting e-commerce. Furthermore, the government actively supported e-commerce adoption through digital initiatives such as "Buy Malaysia" and #SayaDigital.

Malaysia E-Commerce Market Trends

Government initiatives supporting the increased adoption of digital solutions

  • The government introduced the SME Digitalization Grant to encourage digital adoption among small and medium-sized enterprises (SMEs). This initiative provides financial assistance for SMEs to invest in digital solutions and technologies, including e-commerce platforms, digital marketing, and inventory management systems. The grant has been instrumental in helping SMEs embrace e-commerce and enhance their competitiveness in the digital marketplace. 
  • According to the Malaysian Finance Ministry, the digital sector generated 22% of Malaysia's GDP in the previous year. By 2025, more than 500,000 additional jobs are anticipated to be developed. As a result of such developments, the government consciously works with the private sector to promote the use of digital services by consumers and to support small businesses with incentives and support.
  • The administration presented an eight-point action plan. Some alternatives are rearranging current economic incentives and lowering non-tariff barriers (consumer protection, cross-border, e-Fulfillment). Others include strategically funding chosen e-commerce companies and promoting national brands to advance international e-commerce.
  • One of the government's other objectives is to encourage MSMEs to use advanced technology and e-commerce. Additionally, digital free trade zones were established to promote international e-commerce and improve MSMEs' access to capital. 
  • Furthermore, through agencies like Malaysia Digital Economy Corporation (MDEC), the government has established programs to nurture and support the growth of e-commerce businesses. For instance, the eTRADE Program provides funding and capacity-building assistance to local micro, small, and medium-sized enterprises (MSMEs) to enhance their e-commerce capabilities. This program aims to increase the number of local businesses participating in e-commerce and promote their visibility in the global market.
  • The Digital Economy Blueprint, launched recently, sets the direction for Malaysia's digital transformation across various sectors, including e-commerce. It outlines strategies and initiatives to drive digital adoption, promote talent development, enhance digital infrastructure, and create a supportive regulatory environment. The blueprint aims to propel Malaysia's digital economy forward and position the country as a regional hub for e-commerce and digital innovation.
Malaysia E-commerce Market - Contribution of e-commerce to the gross domestic product (GDP) of Malaysia from 2018 to 2021(in billion Malaysian Ringgit)

Consumer Electronics Segment Accounts for Significant Share

  • According to the Malaysian Department of Statistics, the value of manufactured consumer electronics in Malaysia in the previous year was roughly MYR 38.59 billion (USD 8.61 billion). The sales value of manufactured consumer electronics has changed throughout time. However, e-commerce has played a critical role, with regular people increasingly purchasing things through internet platforms.
  • Through consumer electronics, technology can improve people's lives. The advent of Industry 4.0 has accelerated the development of novel and sophisticated consumer goods, increasing demand for smarter consumer goods that incorporate advanced technologies such as IoT (Internet of Things), AR (augmented reality), VR (virtual reality), and AI (artificial intelligence).
  • Smartphones, household appliances, computers, laptops, and other consumer electronics such as television, game consoles, wearables, and so on are examples of consumer electronics. With the increasing number of product launches in the consumer electronics sector, e-commerce is becoming increasingly popular for acquiring consumer electronics.
  • With advantages such as door-to-door shipping and cheaper logistical costs for suppliers, there has been a surge in demand for e-commerce in consumer electronics. Furthermore, because companies are constantly inventing new products, e-commerce for consumer electronics will likely grow.
Malaysia E-commerce Market - Expenditure of e-commerce consumer goods among Malaysians in 2021, by product category (in USD Million)

Malaysia E-Commerce Industry Overview

Due to a few big market competitors, the level of rivalry in the Malaysian e-commerce market is medium. The number of local and global brands in the e-commerce sector is increasing, which increases market competition.

  • April 2022 - Mouqy Eyeware opened a new e-commerce store to expand its national reach. Customers can also utilize the website's virtual try-on tool before purchasing to check how different frame types look on their faces.
  • April 2022 - Unifi Business has expanded its offerings for Malaysian micro, small, and medium enterprises (MSMEs). For example, the Unifi e-commerce hub offers a single integrated platform with an easy-to-use interface. Businesses can use this tool to sync their offline and online sales channels, manage product stocks and orders, track sales and revenue, and manage social media inquiries.

Malaysia E-Commerce Market Leaders

  1. Shopee Pte. Ltd.

  2. Lazada Group


  4. Zalora Group

  5. Astro GS Shop Sdn Bhd

*Disclaimer: Major Players sorted in no particular order

Malaysia E-commerce Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Malaysia E-Commerce Market News

  • May 2022 -Malaysia registered 89% smartphone adoption rate. Over 29.5 million Malaysians, or more than 89% of the nation's population, use the Internet. Malaysia's mobile commerce market is expected to develop at a rate of 19.7% CAGR to reach RM41.11 billion (USD 8.78 Billion) by 2023, exceeding the country's overall e-commerce growth.
  • September 2022 - Lazada Group formed an e-commerce anti-counterfeiting cooperation. Lazada worked with partners such as BMW and HP to combat the trafficking and sale of counterfeit goods on Southeast Asia's online marketplaces. The Southeast Asian e-commerce Anti-Counterfeiting Working Group, or Seca, has pledged to collaborate with stakeholders to address "changing issues surrounding the trade in counterfeit goods in online retail" and to work together to protect intellectual property (IPR) and consumers in the e-commerce ecosystem.
  • July 2022- Malaysia's government introduced Malaysia Digital, a program designed to boost the country's digital economy and help Keluarga Malaysia. Malaysia Digital is a national strategic initiative led by the Ministry of Communications and Multimedia (K-KOMM) through the Malaysia Digital Economy Corporation (MDEC) to encourage and attract companies, talents, and investment while allowing Malaysian businesses and the Rakyat to play a leadership role in the global digital economy.

Malaysia E-Commerce Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definitions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness-Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Key market trends and share of e-commerce of total Retail sector

    4. 4.4 Impact of COVID-19 on the e-commerce sales


    1. 5.1 Market Drivers

      1. 5.1.1 Increase in adoption of digital Solutions

      2. 5.1.2 Promotion of e-commerce by the Government Sectors

    2. 5.2 Market Challenges

      1. 5.2.1 Online Frauds and Cybersecurity Issues

    3. 5.3 Analysis of key demographic trends and patterns related to ecommerce industry in Malasiya (Coverage to include Population, Internet Penetration, ecommerce Penetration, Age & Income etc.)

    4. 5.4 Analysis of the key modes of transaction in the ecommerce industry in Malasiya (coverage to include prevalent modes of payment such as cash, card, bank transfer, wallets, etc.)

    5. 5.5 Analysis of cross-border ecommerce industry in Malasiya (Current market value of cross-border & key trends)

    6. 5.6 Current positioning of Malasiya in the ecommerce industry in South East Asia


    1. 6.1 By B2C ecommerce

      1. 6.1.1 Market Segmentation - by Application

        1. Beauty and Personal Care

        2. Consumer Electronics

        3. Fashion and Apparel

        4. Food and Beverage

        5. Furniture and Home

        6. Others (Toys, DIY, Media, etc.)

    2. 6.2 By B2B ecommerce

      1. 6.2.1 Market size for the period of 2017-2027


    1. 7.1 Company Profiles

      1. 7.1.1 Shopee

      2. 7.1.2 Lazada Group

      3. 7.1.3

      4. 7.1.4 Zalora

      5. 7.1.5 Astro GS Shop Sdn Bhd

      6. 7.1.6 eBay Inc.

      7. 7.1.7 Presto Mall Sdn Bhd

      8. 7.1.8 ezbuy (EZbuy Holdings Limited)

      9. 7.1.9 Hermo Creative (M) Sdn Bhd

      10. 7.1.10 Sephora Digital SEA Pte Ltd

    2. *List Not Exhaustive


bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Malaysia E-Commerce Industry Segmentation

E-commerce includes business-to-business (B2B) and business-to-consumer (B2C) transactions and internal organizational transactions that support these activities. The analysis tracks essential market factors, underlying growth influencers, and significant industry vendors, which helps market estimations and growth rates in Malaysia throughout the anticipated period. The study examines the overall impact of COVID-19 on the ecosystem. The report's scope includes market sizing and forecasting for B2B and B2C segmentation, with the B2C channel further segmented by application.

The Malaysian e-commerce market is segmented into B2C e-commerce (beauty and personal care, consumer electronics, fashion and apparel, food and beverage, furniture and home) and B2B e-commerce. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By B2C ecommerce
Market Segmentation - by Application
Beauty and Personal Care
Consumer Electronics
Fashion and Apparel
Food and Beverage
Furniture and Home
Others (Toys, DIY, Media, etc.)
By B2B ecommerce
Market size for the period of 2017-2027
customize-icon Need A Different Region Or Segment?
Customize Now

Malaysia E-Commerce Market Research FAQs

The Malaysia E-commerce Market size is expected to reach USD 10.72 billion in 2024 and grow at a CAGR of 14.32% to reach USD 20.93 billion by 2029.

In 2024, the Malaysia E-commerce Market size is expected to reach USD 10.72 billion.

Shopee Pte. Ltd., Lazada Group,, Zalora Group and Astro GS Shop Sdn Bhd are the major companies operating in the Malaysia E-commerce Market.

In 2023, the Malaysia E-commerce Market size was estimated at USD 9.38 billion. The report covers the Malaysia E-commerce Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia E-commerce Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Malaysia E-Commerce Industry Report

Statistics for the 2024 Malaysia E-commerce market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia E-commerce analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Malaysia E-Commerce Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)