Product Code: ETC382285 | 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 Goat Meat market currently, in 2023, has witnessed an HHI of 8048, Which has decreased slightly as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Thailand goat meat market represents a niche segment within the broader meat industry. Goat meat is a popular choice in certain regional cuisines and is favored for its unique flavor and nutritional benefits. This market is characterized by small-scale goat farming operations, and demand is driven by cultural preferences, special occasions, and a growing interest in alternative protein sources. Sustainable and ethical practices in goat farming are becoming more relevant in this market.
The Thailand goat meat market is influenced by several drivers. Firstly, changing dietary preferences and a growing demand for alternative protein sources have boosted the consumption of goat meat. Goat meat is considered lean and healthy, appealing to health-conscious consumers. Moreover, cultural and religious practices contribute to steady demand, as goat meat is a staple in various traditional dishes. The rising popularity of ethnic cuisine, such as Middle Eastern and African dishes, has also expanded the market for goat meat. Furthermore, improvements in livestock farming practices and breeding techniques have increased goat meat production, ensuring a stable supply.
The Thailand goat meat market encounters challenges related to consumer preferences and market segmentation. While goat meat is a popular choice among certain demographics, it may not be as widely accepted as other meats in the country. Marketing and education efforts are needed to expand its consumer base. Ensuring consistent quality and supply of goat meat is also vital to meet market demands.
The Thailand goat meat market faced challenges during the COVID-19 pandemic. As with other meat markets, concerns about meat safety and sourcing led to a decline in demand initially. The closure of restaurants and foodservice establishments also impacted sales. However, as consumers sought diverse protein sources and explored home cooking, there was a resurgence in goat meat sales. Online platforms and local markets became important distribution channels. The market demonstrated adaptability by focusing on product quality and traceability, addressing consumer concerns. It is expected to continue growing as consumers seek alternative protein options.
The Thailand goat meat market features players like Thai Foods Group, Chumporn Palm Oil Industry Public Company Limited, and The Charoen Pokphand Group as significant contributors. These companies play a crucial role in the production and distribution of goat meat products, catering to the growing demand for alternative protein sources. Their dedication to quality assurance and meeting consumer preferences positions them as leaders in this niche market segment.