Thailand Cheese Market: Import Trend Analysis
Thailand cheese market witnessed a notable import trend, with a growth rate of 34.36% from 2023 to 2024 and a Compound Annual Growth Rate (CAGR) of 7.42% from 2020 to 2024. This upward import momentum could be attributed to shifting consumer preferences towards Western cuisine, indicating a potential demand shift in the market.
Cheese Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
Thailand's Cheese market is anticipated to experience a growing growth rate of 6.47% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
Thailand Cheese Market Synopsis
The cheese market in Thailand is a relatively small one, but it has been growing steadily over the past few years. In 2018, the retail value of cheese sales in Thailand was THB 5.3 billion (USD 168 million), representing a compound annual growth rate of 8.6% since 2014. The majority of Thai consumers prefer milder cheeses such as mozzarella and parmesan; however, blue and hard cheeses have seen increasing popularity due to their strong flavor profiles.
Drivers of the Market
The Thailand cheese market is fueled by changing dietary preferences and an increase in Western cuisine adoption. The growing trend of using cheese in various culinary creations, from pizzas to sandwiches, fuels the demand for a diverse range of cheese products.
Challenges of the Market
In the Thailand cheese market, challenges encompass ensuring consistent quality and flavor profiles, as well as addressing the logistical complexities of importing certain types of cheeses. Competition with local dairy products and the need to educate consumers about the diverse range of cheese varieties available also play a role.
Trends & Oppourtunites of the Market
While cheese is not native to Thai cuisine, its popularity is growing. Entrepreneurs can explore the production of locally crafted cheeses, embracing traditional Thai flavors and culinary preferences.
COVID-19 Impact on the Market
The cheese market faced challenges due to changes in consumption patterns. With lockdowns and reduced social gatherings, the demand for cheese used in catering and events decreased. However, the increased demand for convenience foods led to a surge in retail sales of packaged cheese products.
Key Players in the Market
In the Thailand cheese market, companies like Charoen Pokphand Foods Public Co., Ltd., and Thai Dairy Industry Co., Ltd., are prominent players, producing and supplying a variety of cheese products to meet consumer demand.
Key Highlights of the Report:
- Thailand Cheese Market Outlook
- Market Size of Thailand Cheese Market, 2023
- Forecast of Thailand Cheese Market, 2030
- Historical Data and Forecast of Thailand Cheese Revenues & Volume for the Period 2020-2030
- Thailand Cheese Market Trend Evolution
- Thailand Cheese Market Drivers and Challenges
- Thailand Cheese Price Trends
- Thailand Cheese Porter's Five Forces
- Thailand Cheese Industry Life Cycle
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Type for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Natural for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Processed for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Product for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Mozzarella for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Cheddar for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Feta for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Parmesan for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Roquefort for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Others for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Source for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Cow Milk for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Sheep Milk for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Goat Milk for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Buffalo for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Distribution Channel for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Hypermarkets for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Supermarkets for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Food Specialty Stores for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Convenience Stores for the Period 2020-2030
- Historical Data and Forecast of Thailand Cheese Market Revenues & Volume By Others for the Period 2020-2030
- Thailand Cheese Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Source
- Market Opportunity Assessment By Distribution Channel
- Thailand Cheese Top Companies Market Share
- Thailand Cheese Competitive Benchmarking By Technical and Operational Parameters
- Thailand Cheese Company Profiles
- Thailand Cheese Key Strategic Recommendations
