Thailand Retail Market (2023-2029) Outlook | Value, Growth, Trends, Companies, Revenue, Forecast, Share, Analysis, COVID-19 IMPACT, Industry & Size

Topics Covered in the Thailand Retail Market

Thailand Retail Market report thoroughly covers the market by product and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Retail Market Synopsis

Thailand Retail Market is one of the most dynamic and vibrant industry, with a mix of traditional markets, modern shopping malls, and online retail. The retail sector has experienced growth driven by increasing consumer spending, urbanization, and a growing middle class. Traditional markets continue to play a significant role, offering a diverse array of goods, while the modern retail sector encompasses department stores, hypermarkets, supermarkets, and convenience stores.

According to 6Wresearch, the Thailand Retail Market Size is projected to grow at a CAGR of 5.9% during the forecast period of 2023-2029. The retail market in Thailand is a dynamic and diverse sector that plays a decisive role in the country's economy. The key factors bolstering the Thailand Real Estate Market Growth include rising disposable income. This has translated into higher consumer spending on a variety of retail products and services. Moreover, the urban population in Thailand has been steadily growing. Urban areas often have higher levels of consumer spending due to increased access to a wide range of retail options.

However, external factors such as global economic conditions and fluctuations in currency exchange rates impact consumer spending patterns, potentially affecting the retail market. Additionally, the rise of e-commerce platforms has presented both challenges and opportunities for traditional brick-and-mortar retailers. Adapting to the online market and maintaining a competitive edge can be a challenge for some businesses. The e-commerce sector in Thailand has experienced rapid growth, driven by increasing internet penetration and a tech-savvy consumer base. There is a growing awareness and demand for sustainable and ethically sourced products among Thai consumers. 

Government policies and schemes introduced in the Thailand Retail Market

The Thai government has been implementing several policies to shape the Thailand Retail Industry. For instance, the Thailand 4.0 initiative aimed at transitioning Thailand's economy towards a more technology-driven and innovation-focused model. The Thai government regulates foreign investment in the retail sector through the Foreign Business Act. This legislation outlines the restrictions and requirements for foreign companies looking to operate in the retail market. Moreover, the government also implements policies to promote trade and exports, which can have implications for the retail sector, especially in terms of international trade partnerships.

Market Analysis by Product

According to Aanchal, Senior Research Analyst, 6Wresearch, Electronic and Household Appliances is forecast to lead the Thailand Retail Market Share due to the ever-evolving nature of technology and consumer demand for new and upgraded appliances.

Market analysis by Distribution Channel

By Distribution Channel, the Online segment has been experiencing significant growth, driven by the convenience of online shopping, wide product availability, and the impact of digital marketing and e-commerce platforms.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Players in the Thailand Retail Market

Some of the leading players operating in the Thailand Retail Market includes:

• Central Group
• Tesco Lotus
• CP All
• The Mall Group
• Big C Supercenter
• Lazada
• JD Central

Key Highlights of the Report

• Thailand Retail Market Outlook
• Market Size of Thailand Retail Market, 2022
• Forecast of Thailand Retail Market, 2029
• Historical Data and Forecast of Thailand Retail Revenues & Volume for the Period 2019-2029
• Thailand Retail Market Trend Evolution
• Thailand Retail Market Drivers and Challenges
• Thailand Retail Price Trends
• Thailand Retail Porter's Five Forces
• Thailand Retail Industry Life Cycle
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Product for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Food and Beverages for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Personal and Household Care for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Apparel for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Footwear and Accessories for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Furniture for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Toys for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Electronic and Household Appliances for the Period 2019-2029
• Historical Data and Forecast of Thailand Food and Beverages Retail Market Revenues & Volume By Other Products for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Distribution Channel for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Convenience Stores for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Department Stores for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Specialty Stores for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume Online for the Period 2019-2029
• Historical Data and Forecast of Thailand Retail Market Revenues & Volume By Other Distribution Channels for the Period 2019-2029
• Thailand Retail Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Distribution Channel
• Thailand Retail Top Companies Market Share
• Thailand Retail Competitive Benchmarking By Technical and Operational Parameters
• Thailand Retail Company Profiles
• Thailand Retail Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Food And Beverages
• Personal And Household Care
• Apparel
• Footwear And Accessories
• Furniture
• Toys
• Electronic And Household Appliances
• Other Products

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Department Stores
• Specialty Stores
• Online
• Other Distribution Channels

Thailand Retail Market: FAQs