Product Code: ETC386245 | 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 fish and seafood market is one of the most dynamic and important sectors in the country`s food industry. Thailand geographical location, with extensive coastlines and access to both the Gulf of Thailand and the Andaman Sea, provides abundant resources for the production of fish and seafood products. From fresh catches to processed seafood items, Thailand caters to a diverse array of consumer preferences. Key products include shrimp, prawns, crab, squid, and various fish species. Exporting to international markets is also a significant aspect of this industry, contributing to Thailand global reputation as a seafood hub.
The Thailand fish and seafood market have been bolstered by various factors. Firstly, Thailand coastal geography and abundant aquatic resources have contributed to a thriving fishing industry. Secondly, an increase in health-conscious consumers seeking protein-rich and low-fat alternatives has driven seafood consumption. The export-oriented seafood industry has further expanded due to global demand for Thai seafood products. Government support for sustainable fishing practices and aquaculture has also played a crucial role in the market`s growth.
The Thailand fish and seafood market faces multifaceted challenges. Overfishing and depletion of fish stocks in the Gulf of Thailand are major concerns. This necessitates stricter regulations and sustainable fishing practices. Additionally, the industry contends with issues like seafood fraud, where mislabeling and misrepresentation of products can erode consumer trust. Compliance with international standards for seafood export and addressing labor and environmental concerns in the supply chain are also significant challenges.
The Thailand fish and seafood market, a crucial sector for the country`s economy, was severely affected by the COVID-19 pandemic. The closure of restaurants and a decrease in international seafood exports led to a surplus of fish and seafood products in the domestic market. Fishermen and seafood processors faced significant challenges in maintaining their operations and ensuring the safety of their workforce. As the pandemic evolved, there was a shift towards online seafood sales and direct-to-consumer models. Despite initial setbacks, the industry showed resilience and adaptability, and it is poised for recovery as global demand for seafood returns to pre-pandemic levels.
Companies like, Thai Union Group and Charoen Pokphand Foods are major players in the broader fish and seafood market in Thailand.