Product Code: ETC385465 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Thailand aquaculture market is a vital component of the country`s agricultural sector. With its extensive coastline and numerous inland water bodies, Thailand is one of the world`s leading producers of aquatic products. The aquaculture industry encompasses a wide range of species, including shrimp, tilapia, catfish, and various types of freshwater and marine fish. Sustainable aquaculture practices and the adoption of advanced technologies have helped Thailand maintain its competitive edge in the global seafood market. The sector has also focused on maintaining high-quality standards and adhering to international regulations, ensuring the safety and traceability of its seafood products.
Thailand aquaculture market is thriving, primarily driven by its robust seafood export industry. The country`s strategic location, favorable climate, and extensive coastline provide an ideal environment for aquaculture. Rising global demand for seafood, particularly shrimp and fish, has led to increased investment in modern aquaculture practices. Technological advancements in aquaculture equipment, feed, and disease management have also boosted productivity and profitability, driving the market`s growth.
The Thailand aquaculture market grapples with environmental concerns, particularly related to water pollution and disease outbreaks in fish farms. Sustainable and responsible aquaculture practices are essential for long-term growth. Market access to international markets may also face hurdles due to compliance with global seafood standards. Competition from imported seafood products can impact local aquaculture producers. Moreover, securing access to clean water sources and addressing climate change effects on water temperatures and salinity levels are additional challenges for the industry.
The Thailand aquaculture market encountered disruptions and opportunities during the COVID-19 pandemic. On one hand, the closure of restaurants and reduced exports affected the seafood industry`s demand and profitability. Labor shortages and logistical challenges also impacted production. On the other hand, increased consumer demand for seafood in retail and e-commerce channels partially offset these losses. Additionally, there was a growing focus on biosecurity measures in aquaculture operations to prevent disease outbreaks, which may have long-term benefits for the industry.
The aquaculture market in Thailand boasts prominent players such as Charoen Pokphand Foods (CPF) and Thai Union Group. CPF is a major player in shrimp and fish farming, while Thai Union is renowned for its seafood processing and export activities.