Press release
Global Malaysia Death Care Services Market Forecast 2025-2034: Analyzing Growth Drivers, Market Share, Segments, and Emerging Trends
Malaysia Death Care Services Market Forecast 2025-2034
The Malaysia death care services market reached a value of nearly $0.58 billion in 2024, having grown at a compound annual growth rate (CAGR) of 10.17% since 2019. The market is expected to grow from $0.58 billion in 2024 to $0.88 billion in 2029 at a rate of 8.68%. The market is then expected to grow at a CAGR of 7.60% from 2029 and reach $1.27 billion in 2034.
The Business Research Company
Sources: National Statistics Offices, UN Comtrade, TBRC Analysis, TBRC Estimates, TBRC Secondary
What strategies are being adopted by key players in the Malaysia Death care services market?
The key players in the market are adopting extensive strategies in the Malaysia Death care services market such as:
• Promote and offer green burial options to gain a competitive edge in the market.
• Green funerals, or natural burials, emphasize simplicity, affordability, and environmental conservation.
• Focus on sustainable practices that reduce the environmental impact of traditional burial methods.
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To take advantage of opportunities, The Business Research Company suggests that Malaysia Death care services companies enhance offerings:
• Death care service companies are increasingly adopting alkaline hydrolysis for body disposal.
• Alkaline hydrolysis is a chemical process that uses sodium hydroxide and heat to break down human remains.
• The method involves a solution of 95% water and 5% potassium hydroxide or sodium oxide.
• The body is reduced to liquid and bone components, with bone fragments retained and dried into a substance similar to cremated ashes.
• The liquid by-product is a non-toxic solution, safely disposed of through the sewage system.
What Is Malaysia Death care services: Market Overview?
Death care services refer to a broad category of products and services designed to support individuals and families in managing end-of-life arrangements and commemorating the deceased. These services cater to a diverse customer base, including individuals of various cultural, religious and socioeconomic backgrounds, ensuring that personal and ceremonial preferences are respected.
Complementary offerings in this market include products like caskets, urns, headstones, flowers and keepsakes, as well as related services such as pre-need planning, legal documentation and estate settlement assistance. Other complementary products include digital memorial platforms and eco-friendly options like biodegradable caskets or urns. Substitutes may include Do-it-Yourself (DIY) memorial arrangements or community-led ceremonies. Services are provided in funeral homes, crematoriums, cemeteries and increasingly, through online platforms for remote coordination and planning.
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Who Are The Major Companies Operating In The Global Malaysia Death care services Market?
Major companies operating in the death care services market include:
• Service Corporation International (SCI)
• Nirvana Asia Ltd
• Dignity Plc
• Arbor Memorial Inc.
• InvoCare
• Fu Shou Yuan International Group
• Carriage Services
• NorthStar Memorial group
• Stonemor Inc.
• Funespaña
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