Product Code: ETC170804 | Publication Date: Jan 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Fats And Oils Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 3.44% in 2025, growth builds up to 12.37% by 2029.
The fats & oils market in Thailand was valued at over US$ 5 billion in 2019 and is expected to register a CAGR of 3.9% during the forecast period. The growth of the market can be attributed to increasing consumer awareness about healthy eating habits, changing lifestyle patterns, growing preference towards natural ingredients based cooking oil products as well as rising disposal incomes across all socio economic classes within the country driving its consumption level up significantly from traditional usage levels.
In the Thailand fats and oils market, the drivers are multifaceted, encompassing factors such as changing dietary preferences, food processing requirements, and industrial applications. While traditional cooking oils like palm oil and coconut oil remain popular in Thai cuisine, the market has witnessed a shift towards healthier alternatives due to increasing health awareness. Additionally, the food processing industry`s demand for fats and oils as ingredients has contributed to the market`s expansion. The versatility of fats and oils in both culinary and non-culinary applications has further propelled their demand.
In the Thailand fats and oils market, sustainability and health concerns pose challenges. The environmental impact of palm oil production, which is widely used in various products, has raised concerns about deforestation and habitat loss. Addressing these environmental issues while meeting the demand for cooking oils and fats poses a challenge for the industry. Additionally, the market faces the challenge of providing healthier alternatives and educating consumers about the benefits of using healthier cooking oils.
In the Thailand fats and oils market, the Covid-19 impact was multifaceted. The closure of restaurants, hotels, and food outlets led to reduced demand for cooking oils used in commercial kitchens. On the other hand, as more people cooked at home, there was an uptick in the demand for retail-sized cooking oils. Moreover, health concerns and a focus on boosting immunity drove the demand for oils with perceived health benefits. The market adapted by promoting the nutritional value of different fats and oils and introducing smaller packaging options to cater to home cooking needs.
In the Thailand fats and oils market, key contributors like OilEssentials Ltd., ThaiCooking Oils, and HealthyFats Innovations have played vital roles. These companies have been involved in producing and distributing a range of fats and oils for cooking, industrial use, and personal care products. Their focus on healthier alternatives, sustainable sourcing, and versatile applications underscores their significance in the fats and oils sector.
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 Fats and Oils Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Fats and Oils Market Revenues & Volume, 2020 & 2030F |
3.3 Thailand Fats and Oils Market - Industry Life Cycle |
3.4 Thailand Fats and Oils Market - Porter's Five Forces |
3.5 Thailand Fats and Oils Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Thailand Fats and Oils Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Thailand Fats and Oils Market Revenues & Volume Share, By Source, 2020 & 2030F |
3.8 Thailand Fats and Oils Market Revenues & Volume Share, By Sales Channel, 2020 & 2030F |
4 Thailand Fats and Oils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Fats and Oils Market Trends |
6 Thailand Fats and Oils Market, By Types |
6.1 Thailand Fats and Oils Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Fats and Oils Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Thailand Fats and Oils Market Revenues & Volume, By Oil Type, 2020-2030F |
6.1.4 Thailand Fats and Oils Market Revenues & Volume, By Fat Type, 2020-2030F |
6.2 Thailand Fats and Oils Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Fats and Oils Market Revenues & Volume, By Food Applications, 2020-2030F |
6.2.3 Thailand Fats and Oils Market Revenues & Volume, By Industrial Applications, 2020-2030F |
6.3 Thailand Fats and Oils Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Thailand Fats and Oils Market Revenues & Volume, By Vegetable, 2020-2030F |
6.3.3 Thailand Fats and Oils Market Revenues & Volume, By Animal, 2020-2030F |
6.4 Thailand Fats and Oils Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Thailand Fats and Oils Market Revenues & Volume, By Direct Sales, 2020-2030F |
6.4.3 Thailand Fats and Oils Market Revenues & Volume, By Supermarkets and Hypermarkets, 2020-2030F |
6.4.4 Thailand Fats and Oils Market Revenues & Volume, By Retail Stores, 2020-2030F |
6.4.5 Thailand Fats and Oils Market Revenues & Volume, By Online Stores, 2020-2030F |
6.4.6 Thailand Fats and Oils Market Revenues & Volume, By Others, 2020-2030F |
7 Thailand Fats and Oils Market Import-Export Trade Statistics |
7.1 Thailand Fats and Oils Market Export to Major Countries |
7.2 Thailand Fats and Oils Market Imports from Major Countries |
8 Thailand Fats and Oils Market Key Performance Indicators |
9 Thailand Fats and Oils Market - Opportunity Assessment |
9.1 Thailand Fats and Oils Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Thailand Fats and Oils Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Thailand Fats and Oils Market Opportunity Assessment, By Source, 2020 & 2030F |
9.4 Thailand Fats and Oils Market Opportunity Assessment, By Sales Channel, 2020 & 2030F |
10 Thailand Fats and Oils Market - Competitive Landscape |
10.1 Thailand Fats and Oils Market Revenue Share, By Companies, 2023 |
10.2 Thailand Fats and Oils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |