Product Code: ETC036585 | 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 Food Processing Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 0.11% in 2025 and reaches 0.40% by 2029.
By 2027, the Food Processing market in Thailand is anticipated to reach a growth rate of 0.16%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Thailand food processing market is expected to grow at a CAGR of 5.7% during the forecast period 2025-2031. The growth in the country???s food processing industry is attributed to increasing consumer demand for convenience and processed foods, rising population, rising disposable income leading to higher consumption of frozen convenience foods, government initiatives such as providing tax incentives and subsidies for investment in the industry, advances in technology and packaging materials used by manufacturers, growing export opportunities across various countries due to free trade agreements with many nations etc.
With increasing urbanization and busy lifestyles of consumers resulting in less time available for cooking meals from scratch has led to an increase in demand for ready-to-eat/ready-to cook /convenience foods that can be prepared quickly with minimal effort. This has created huge opportunities within the Thailand food processing industry as more manufacturers are now investing into packaged convenience food products like instant noodles, canned vegetables/fruits etc., thereby boosting revenue growth within this sector over recent years. Over recent decades there has been an ongoing rise in population which coupled with higher disposable incomes have contributed greatly towards increased consumption of processed/packaged food items among individuals across various regions within Thailand.This trend is anticipated to continue further during upcoming years thus driving overall growth prospects within this market segment over coming timescales.
Numerous regulatory measures implemented by local governing bodies pertaining to labeling requirements associated with packaged goods have resulted in companies facing difficulties while creating new product lines or making modifications related existing ones based on varying markets needs & demands.Furthermore certain restrictions imposed by authorities on usage of specific ingredients used while manufacturing end products also pose challenges before them when trying implement new strategies or innovations aimed at enhancing their current product range.
The Covid-19 pandemic has had a significant impact on the food processing market in Thailand. The country is seeing decreased demand for many processed foods, with reduced consumer purchasing power due to job losses and economic disruption caused by the virus. As such, there has been an overall decrease in sales and profits across all sectors of the industry.
In terms of key players within this sector, CP Foods is one of Thailand leading agribusiness firms specializing in poultry production as well as animal feed manufacturing. Charoen Pokphand Group has also made significant investments into food processing ventures over recent years including a joint venture with Dutch firm DSM which focuses on producing plant-based proteins from algae for use in human consumption applications such as vegan meat alternatives. Other major players include Betagro (Thailand largest integrated livestock exporter), Thailand President Foods (a subsidiary of Cargill Inc.), Chareon Viriyasakdi Group (which produces canned seafood products), OSI International Foods (Thailand company offering frozen chicken and beef products) among others.
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 Food Processing Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Food Processing Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Food Processing Market - Industry Life Cycle |
3.4 Thailand Food Processing Market - Porter's Five Forces |
3.5 Thailand Food Processing Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Thailand Food Processing Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Thailand Food Processing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Food Processing Market Trends |
6 Thailand Food Processing Market, By Types |
6.1 Thailand Food Processing Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Thailand Food Processing Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Thailand Food Processing Market Revenues & Volume, By Primary Food Processing, 2021-2031F |
6.1.4 Thailand Food Processing Market Revenues & Volume, By Secondary Food Processing, 2021-2031F |
6.1.5 Thailand Food Processing Market Revenues & Volume, By Tertiary Food Processing, 2021-2031F |
6.2 Thailand Food Processing Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Thailand Food Processing Market Revenues & Volume, By Vegetable Oil, 2021-2031F |
6.2.3 Thailand Food Processing Market Revenues & Volume, By Fruits and Vegetables, 2021-2031F |
6.2.4 Thailand Food Processing Market Revenues & Volume, By Drink, 2021-2031F |
6.2.5 Thailand Food Processing Market Revenues & Volume, By Puffed Food, 2021-2031F |
6.2.6 Thailand Food Processing Market Revenues & Volume, By Aquatic Product Processing, 2021-2031F |
6.2.7 Thailand Food Processing Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Food Processing Market Import-Export Trade Statistics |
7.1 Thailand Food Processing Market Export to Major Countries |
7.2 Thailand Food Processing Market Imports from Major Countries |
8 Thailand Food Processing Market Key Performance Indicators |
9 Thailand Food Processing Market - Opportunity Assessment |
9.1 Thailand Food Processing Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Thailand Food Processing Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Thailand Food Processing Market - Competitive Landscape |
10.1 Thailand Food Processing Market Revenue Share, By Companies, 2024 |
10.2 Thailand Food Processing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |