| Product Code: ETC4545266 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Thailand import trend for specialty fats & oils witnessed a significant decline with a CAGR of -86.38% during 2020-2024. This sharp decrease in imports indicates a substantial shift in demand or market instability, possibly due to changing consumer preferences or supply chain disruptions.
The Thailand Specialty Fats and Oils Market deals with a range of fats and oils tailored to specific applications in the food industry. These specialty fats and oils are used in products like confectionery, bakery goods, and dairy substitutes. As consumer tastes evolve and the food industry demands customized ingredients, this market caters to the development of specialized fats and oils with unique functional properties.
The Specialty Fats and Oils market in Thailand are experiencing dynamic growth as the food industry responds to changing consumer preferences for healthier and functional fats and oils. Specialty fats and oils, including those with specific nutritional profiles and functional properties, are gaining popularity in various food applications. The market expansion is driven by the increasing awareness of health-conscious consumer trends, the demand for specialty fats in confectionery and bakery products, and the versatility of specialty oils in culinary applications. As Thailand food manufacturers seek to innovate and meet evolving consumer demands, the Specialty Fats and Oils market is poised to play a pivotal role in providing tailored fat and oil solutions across diverse food categories.
The Thailand Specialty Fats Oils Market encounters challenges related to the demand for healthier alternatives and the need for innovative formulations. Adapting to changing consumer preferences, addressing concerns about trans fats, and ensuring the stability of specialty fats and oils present ongoing challenges. Moreover, maintaining competitive pricing while meeting quality standards adds complexity to the market.
The Thailand Specialty Fats Oils Market faced challenges during the COVID-19 pandemic, witnessing disruptions in the food and confectionery industry. The restrictions on movement and uncertainties in the market affected the production and consumption of specialty fats and oils. However, post-pandemic, the market witnessed a resurgence as consumers and food manufacturers sought innovative and healthier fat alternatives. Increased demand for specialty fats and oils for chocolate, bakery, and frying applications contributed to the recovery of the Specialty Fats Oils Market.
Key players in the specialty fats and oils market include Cargill, Bunge Limited, Wilmar International Limited, and IOI Corporation Berhad.
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 Specialty Fats & Oils Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Specialty Fats & Oils Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Specialty Fats & Oils Market - Industry Life Cycle |
3.4 Thailand Specialty Fats & Oils Market - Porter's Five Forces |
3.5 Thailand Specialty Fats & Oils Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Specialty Fats & Oils Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Thailand Specialty Fats & Oils Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Thailand Specialty Fats & Oils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health benefits of specialty fats oils |
4.2.2 Growing demand for specialty fats oils in food processing industry |
4.2.3 Rise in disposable income leading to higher consumption of premium food products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations related to food safety standards |
4.3.3 Competition from substitute products |
5 Thailand Specialty Fats & Oils Market Trends |
6 Thailand Specialty Fats & Oils Market, By Types |
6.1 Thailand Specialty Fats & Oils Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Specialty Fats & Oils Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Specialty Fats & Oils Market Revenues & Volume, By Specialty Fats, 2021-2031F |
6.1.4 Thailand Specialty Fats & Oils Market Revenues & Volume, By Specialty Oils, 2021-2031F |
6.2 Thailand Specialty Fats & Oils Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Specialty Fats & Oils Market Revenues & Volume, By Chocolate & Confectionery, 2021-2031F |
6.2.3 Thailand Specialty Fats & Oils Market Revenues & Volume, By Bakery Product, 2021-2031F |
6.2.4 Thailand Specialty Fats & Oils Market Revenues & Volume, By Processed Food, 2021-2031F |
6.2.5 Thailand Specialty Fats & Oils Market Revenues & Volume, By Animal Nutrition, 2021-2031F |
6.2.6 Thailand Specialty Fats & Oils Market Revenues & Volume, By Dairy Product, 2021-2031F |
6.2.7 Thailand Specialty Fats & Oils Market Revenues & Volume, By Infant Nutrition, 2021-2031F |
6.3 Thailand Specialty Fats & Oils Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Thailand Specialty Fats & Oils Market Revenues & Volume, By Dry, 2021-2031F |
6.3.3 Thailand Specialty Fats & Oils Market Revenues & Volume, By Liquid, 2021-2031F |
7 Thailand Specialty Fats & Oils Market Import-Export Trade Statistics |
7.1 Thailand Specialty Fats & Oils Market Export to Major Countries |
7.2 Thailand Specialty Fats & Oils Market Imports from Major Countries |
8 Thailand Specialty Fats & Oils Market Key Performance Indicators |
8.1 Adoption rate of specialty fats oils by food manufacturers |
8.2 Number of new product launches using specialty fats oils |
8.3 Investment in research and development for innovative specialty fats oils formulations |
9 Thailand Specialty Fats & Oils Market - Opportunity Assessment |
9.1 Thailand Specialty Fats & Oils Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Specialty Fats & Oils Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Thailand Specialty Fats & Oils Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Thailand Specialty Fats & Oils Market - Competitive Landscape |
10.1 Thailand Specialty Fats & Oils Market Revenue Share, By Companies, 2024 |
10.2 Thailand Specialty Fats & Oils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |