Product Code: ETC023865 | 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 Bread Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 1.84% in 2025 and reaches 19.90% by 2029.
The Bread market in Thailand is projected to grow at a growing growth rate of 9.65% 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 bread market in Thailand is anticipated to witness significant growth over the forecast period, 2025-2031. This can be attributed to increasing population, rising disposable income and improved consumer lifestyle. In addition, the growing demand for convenience foods and bakery products is expected to further contribute towards market growth. Moreover, the government initiatives such as ???Shop Dine & Play??? campaign organized by Thailand government which encourages local consumers to spend more on dining out are also likely to drive Thailand bread industry during this period.
Some of the factors driving growth of Thailand bread market include rapid urbanization coupled with rise in disposable incomes resulting into increased spending on food items including bakery products. Furthermore, changing dietary habits and preference of consumers towards consumption of convenient food options like ready-to-eat snacks have provided impetus for manufacturers operating in this space and resulted in launching new product varieties at affordable prices; thereby driving overall sectoral development over short term future outlook. Additionally, shifting trends from conventional meals towards fast food consumption is likely to fuel the demand for baked goods such as buns or rolls sandwiches etc.; thereby bolstering revenues within regional landscape over next six years ahead.
High competition among major players due to presence numerous small scale firms has been identified a key challenge that could hamper market revenue generation potential within upcoming timeline owing diverse pricing strategies adopted by vendors across region resulting into limited profit margins while manufacturing breads & other related offerings.Further, fluctuating raw material prices may impact cost structure along value chain further leading companies operating within segment incur additional charges leading disturbances across supply chains operations while delivering final products.
COVID-19 has had a major impact on the bread market in Thailand. The outbreak of the virus has caused disruptions to food supply chains, reduced availability of ingredients and raw materials, increased costs for production and distribution, decreased consumer demand due to social distancing measures as well as an increase in online ordering. These factors have led to a decrease in overall sales of bread products across all channels including hypermarkets, supermarkets, convenience stores and bakeries.
Tipco Foods, Royal Umbrella, Vivimed Labs Limited, Jenesys Bakery Products Co., Ltd., Siam Rungrueng Flour Mill Co., Ltd., Mellow Bread Company Limited.
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 Bread Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Bread Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Bread Market - Industry Life Cycle |
3.4 Thailand Bread Market - Porter's Five Forces |
3.5 Thailand Bread Market Revenues & Volume Share, By Loaves, 2021 & 2031F |
3.6 Thailand Bread Market Revenues & Volume Share, By Convenience Stores, 2021 & 2031F |
4 Thailand Bread Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Bread Market Trends |
6 Thailand Bread Market, By Types |
6.1 Thailand Bread Market, By Loaves |
6.1.1 Overview and Analysis |
6.1.2 Thailand Bread Market Revenues & Volume, By Loaves, 2021-2031F |
6.1.3 Thailand Bread Market Revenues & Volume, By Baguettes, 2021-2031F |
6.1.4 Thailand Bread Market Revenues & Volume, By Rolls, 2021-2031F |
6.1.5 Thailand Bread Market Revenues & Volume, By Burger Buns, 2021-2031F |
6.1.6 Thailand Bread Market Revenues & Volume, By Ciabatta, 2021-2031F |
6.1.7 Thailand Bread Market Revenues & Volume, By Others, 2021-2031F |
6.2 Thailand Bread Market, By Convenience Stores |
6.2.1 Overview and Analysis |
6.2.2 Thailand Bread Market Revenues & Volume, By Specialist Retailers, 2021-2031F |
6.2.3 Thailand Bread Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.2.4 Thailand Bread Market Revenues & Volume, By Online Retail, 2021-2031F |
6.2.5 Thailand Bread Market Revenues & Volume, By Variety Stores, 2021-2031F |
6.2.6 Thailand Bread Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Bread Market Import-Export Trade Statistics |
7.1 Thailand Bread Market Export to Major Countries |
7.2 Thailand Bread Market Imports from Major Countries |
8 Thailand Bread Market Key Performance Indicators |
9 Thailand Bread Market - Opportunity Assessment |
9.1 Thailand Bread Market Opportunity Assessment, By Loaves, 2021 & 2031F |
9.2 Thailand Bread Market Opportunity Assessment, By Convenience Stores, 2021 & 2031F |
10 Thailand Bread Market - Competitive Landscape |
10.1 Thailand Bread Market Revenue Share, By Companies, 2024 |
10.2 Thailand Bread Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |