| Product Code: ETC334345 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for the natural extracts market experienced a notable decline from 2023 to 2024, with a growth rate of -71.25%. The compound annual growth rate (CAGR) for imports between 2020 and 2024 stood at -39.79%. This substantial decrease could be attributed to shifting consumer preferences, changes in regulatory policies, or market saturation impacting import momentum and demand dynamics.
The Thailand Natural Extracts Market represents a broad and diverse industry that includes various natural extracts used in food, beverages, cosmetics, and pharmaceuticals. Thailand`s rich biodiversity contributes to its position as a key player in the natural extracts market. The demand for natural and organic products has been on the rise, driving the need for high-quality extracts derived from plants, fruits, and herbs. This market is characterized by research and development efforts to discover new applications for natural extracts and to meet consumer preferences for clean and sustainable ingredients.
The natural extracts market in Thailand is thriving due to the rising consumer preference for natural and herbal products. Consumers are becoming more health-conscious and are seeking products with natural ingredients. Natural extracts are used in various industries, including cosmetics, pharmaceuticals, and food and beverages. The availability of a rich biodiversity in Thailand contributes to the production of a wide range of natural extracts, attracting both domestic and international manufacturers.
Challenges in the Thailand Natural Extracts Market include issues related to quality control and ethical sourcing. Ensuring the authenticity and purity of natural extracts is critical but can be difficult due to counterfeiting and adulteration. Moreover, ethically sourcing raw materials without harming the environment or local communities is a growing concern, necessitating sustainable and responsible supply chain practices.
The Thailand natural extracts market, which includes products like herbal extracts, essential oils, and plant-based ingredients, faced significant challenges during the COVID-19 pandemic. The disruption in supply chains, especially for sourcing raw materials from remote areas and foreign suppliers, led to production delays and increased costs. Additionally, reduced tourism impacted the sales of traditional Thai herbal products and spa treatments. However, there was an increased interest in natural health and wellness products as consumers became more health-conscious. This led to a shift in marketing strategies towards emphasizing the natural and organic aspects of products. E-commerce and online sales channels also gained prominence, allowing consumers to access natural extracts from the safety of their homes.
The Thailand Natural Extracts market has witnessed substantial growth in recent years, driven by the increasing demand for natural and organic products. Leading players in this market include renowned companies like Thai Union Group, Charoen Pokphand Foods, and Betagro Group. These companies have invested significantly in research and development to create innovative natural extract products catering to various industries, including food and beverage, cosmetics, and pharmaceuticals. Their commitment to sustainable sourcing and environmentally friendly practices has solidified their positions as key players in this burgeoning market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Natural Extracts Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Natural Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Natural Extracts Market - Industry Life Cycle |
3.4 Thailand Natural Extracts Market - Porter's Five Forces |
3.5 Thailand Natural Extracts Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Thailand Natural Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Natural Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about the health benefits of natural extracts |
4.2.2 Increasing demand for organic and clean label products |
4.2.3 Favorable government regulations supporting the natural extracts industry |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices |
4.3.2 Lack of standardized quality control measures in the industry |
4.3.3 Limited availability of skilled labor for extraction processes |
5 Thailand Natural Extracts Market Trends |
6 Thailand Natural Extracts Market, By Types |
6.1 Thailand Natural Extracts Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Thailand Natural Extracts Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Thailand Natural Extracts Market Revenues & Volume, By Essential Oils, 2021-2031F |
6.1.4 Thailand Natural Extracts Market Revenues & Volume, By Oleoresins, 2021-2031F |
6.1.5 Thailand Natural Extracts Market Revenues & Volume, By Herbal Extracts, 2021-2031F |
6.1.6 Thailand Natural Extracts Market Revenues & Volume, By Natural Colors, 2021-2031F |
6.1.7 Thailand Natural Extracts Market Revenues & Volume, By Dried Crops, 2021-2031F |
6.2 Thailand Natural Extracts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Natural Extracts Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.2.3 Thailand Natural Extracts Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.4 Thailand Natural Extracts Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2.5 Thailand Natural Extracts Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.6 Thailand Natural Extracts Market Revenues & Volume, By Nutraceuticals, 2021-2031F |
6.2.7 Thailand Natural Extracts Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Natural Extracts Market Import-Export Trade Statistics |
7.1 Thailand Natural Extracts Market Export to Major Countries |
7.2 Thailand Natural Extracts Market Imports from Major Countries |
8 Thailand Natural Extracts Market Key Performance Indicators |
8.1 Number of new product launches incorporating natural extracts |
8.2 Adoption rate of natural extracts in various industries such as food, cosmetics, and pharmaceuticals |
8.3 Research and development investment in innovative extraction technologies |
9 Thailand Natural Extracts Market - Opportunity Assessment |
9.1 Thailand Natural Extracts Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Thailand Natural Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Natural Extracts Market - Competitive Landscape |
10.1 Thailand Natural Extracts Market Revenue Share, By Companies, 2024 |
10.2 Thailand Natural Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |