Thailand Root and Tuber Crop Market | Size, Value, COVID-19 IMPACT, Growth, Analysis, Industry, Companies, Share, Revenue, Trends & Forecast

Thailand Root and Tuber Crop Market Synopsis

The root & tuber crop market in Thailand stood at around THB 21 billion (USD 614 million) by 2020 end, expanding steadily on account of rising consumption across local households as well as growing population numbers. Apart from this, significant investments towards R&D initiatives aimed at improving yields are expected to support future market performance positively over coming years.

Drivers of the Market

The Thailand root and tuber crop market`s growth is influenced by several drivers. Firstly, these crops, including cassava and sweet potatoes, serve as staple foods and raw materials for various industries. Their versatility for use in food, feed, and industrial applications contributes to consistent demand. Moreover, their adaptability to diverse climatic conditions and lower resource requirements make them suitable for cultivation in different regions, supporting market growth.

Challenges of the Market

The Thailand root and tuber crop market faces challenges related to sustainable cultivation, market demand, and supply chain dynamics. Ensuring sustainable agricultural practices while meeting the growing demand for root and tuber crops presents a delicate balance. Factors such as water availability, soil health, and pest management require continuous attention. Moreover, maintaining consistent quality and quantity to meet market requirements can be challenging due to weather variability and other agricultural uncertainties. Ensuring fair prices for both farmers and consumers while managing distribution and supply chain efficiency is another crucial consideration in this market. As global trade dynamics evolve, the market must adapt to changing export-import dynamics and regulations to remain competitive.

Trends & Oppourtunites of the Market

The Thailand root and tuber crop market are seeing opportunities driven by evolving dietary preferences and the versatility of these crops in various cuisines. Root and tuber crops form an integral part of the Thai diet and culinary culture, presenting avenues for agricultural expansion, value-added processing, and export potential. As consumers seek nutritious and locally sourced foods, the market offers the chance to promote sustainable farming practices, explore novel product offerings, and contribute to food security.

COVID-19 Impact on the Market

The Thailand root and tuber crop market encompasses crops like cassava, sweet potatoes, and yams. The market was impacted by the pandemic as supply chains faced disruptions and labor availability was affected. With restaurants and food businesses closing or operating at reduced capacity, demand for certain root and tuber crops decreased. The market`s recovery correlated with the reopening of food establishments and gradual economic recovery.

Key Players in the Market

The Thailand root and tuber crop market encompass the cultivation, processing, and trade of root and tuber crops such as cassava, yams, and sweet potatoes. Key players in this market include agricultural producers like Thai Tapioca Starch Association, processors like Thai Wah Public Co., Ltd., and exporters who contribute to the growth and distribution of these essential crops in domestic and international markets.

Key Highlights of the Report:

• Thailand Root and Tuber Crop Market Outlook
• Market Size of Thailand Root and Tuber Crop Market, 2023
• Forecast of Thailand Root and Tuber Crop Market, 2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Revenues & Volume for the Period 2020-2030
• Thailand Root and Tuber Crop Market Trend Evolution
• Thailand Root and Tuber Crop Market Drivers and Challenges
• Thailand Root and Tuber Crop Price Trends
• Thailand Root and Tuber Crop Porter's Five Forces
• Thailand Root and Tuber Crop Industry Life Cycle
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Root for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Tuber for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Corm for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Food for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Planting Material for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Distilled Spirits for the Period 2020-2030
• Historical Data and Forecast of Thailand Root and Tuber Crop Market Revenues & Volume By Others for the Period 2020-2030
• Thailand Root and Tuber Crop Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Thailand Root and Tuber Crop Top Companies Market Share
• Thailand Root and Tuber Crop Competitive Benchmarking By Technical and Operational Parameters
• Thailand Root and Tuber Crop Company Profiles
• Thailand Root and Tuber Crop Key Strategic Recommendations