Product Code: ETC081464 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Beef Market is likely to experience consistent growth rate gains over the period 2025 to 2029. From 4.51% in 2025, the growth rate steadily ascends to 16.00% in 2029.
The Beef market in Thailand is projected to grow at a growing growth rate of 6.42% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The beef market in Thailand has experienced notable growth in recent years, driven by increasing consumer demand for meat products and changing dietary preferences. Beef is a popular protein source in the country and is widely consumed in various forms, including steaks, minced meat, and processed meat products. The growing affluence of the Thailand population, urbanization, and the influence of Western cuisines have contributed to the rising consumption of beef. Additionally, the expansion of modern retail channels and the presence of international fast-food chains have further bolstered the demand for beef in Thailand.
Several factors have fueled the growth of the beef market in Thailand. Firstly, the rising disposable incomes and improving living standards have led to changes in dietary habits, with consumers incorporating more protein-rich foods like beef into their diets. Moreover, the growth of the tourism industry in Thailand has increased the demand for beef in hotels, restaurants, and catering services. Furthermore, the country`s expanding food processing sector and the popularity of ready-to-eat meat products have contributed to the increasing consumption of beef.
While the beef market in Thailand shows promise, it also faces certain challenges. One of the primary hurdles is the limited domestic beef production, which results in a heavy reliance on beef imports to meet the growing demand. Importing beef can be influenced by various factors, such as fluctuations in international prices, import regulations, and food safety standards. Additionally, competition from alternative protein sources like chicken and pork poses a challenge to the beef market. The beef industry also faces scrutiny regarding sustainability and environmental impacts, which necessitates responsible sourcing practices.
The Covid-19 pandemic had a significant impact on the beef market in Thailand. During the initial stages of the pandemic, restaurants and foodservice establishments faced temporary closures and restrictions on dine-in services, leading to reduced beef consumption in the hospitality sector. However, the pandemic also stimulated an increase in home cooking and online food delivery services, driving retail beef sales. Additionally, disruptions in global supply chains and transportation challenges impacted the availability and pricing of beef in the market. The pandemic underscored the importance of resilient supply chains and food security.
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 Beef Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Beef Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Beef Market - Industry Life Cycle |
3.4 Thailand Beef Market - Porter's Five Forces |
3.5 Thailand Beef Market Revenues & Volume Share, By Beef Cut, 2021 & 2031F |
3.6 Thailand Beef Market Revenues & Volume Share, By Beef Slaughter Method, 2021 & 2031F |
4 Thailand Beef Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Beef Market Trends |
6 Thailand Beef Market, By Types |
6.1 Thailand Beef Market, By Beef Cut |
6.1.1 Overview and Analysis |
6.1.2 Thailand Beef Market Revenues & Volume, By Beef Cut, 2021-2031F |
6.1.3 Thailand Beef Market Revenues & Volume, By Brisket, 2021-2031F |
6.1.4 Thailand Beef Market Revenues & Volume, By Shank, 2021-2031F |
6.1.5 Thailand Beef Market Revenues & Volume, By Loin, 2021-2031F |
6.1.6 Thailand Beef Market Revenues & Volume, By Others, 2021-2031F |
6.2 Thailand Beef Market, By Beef Slaughter Method |
6.2.1 Overview and Analysis |
6.2.2 Thailand Beef Market Revenues & Volume, By Kosher, 2021-2031F |
6.2.3 Thailand Beef Market Revenues & Volume, By Halal, 2021-2031F |
6.2.4 Thailand Beef Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Beef Market Import-Export Trade Statistics |
7.1 Thailand Beef Market Export to Major Countries |
7.2 Thailand Beef Market Imports from Major Countries |
8 Thailand Beef Market Key Performance Indicators |
9 Thailand Beef Market - Opportunity Assessment |
9.1 Thailand Beef Market Opportunity Assessment, By Beef Cut, 2021 & 2031F |
9.2 Thailand Beef Market Opportunity Assessment, By Beef Slaughter Method, 2021 & 2031F |
10 Thailand Beef Market - Competitive Landscape |
10.1 Thailand Beef Market Revenue Share, By Companies, 2024 |
10.2 Thailand Beef Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |