| Product Code: ETC034905 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Thailand Sugar Refinery Machinery and Equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2025-2031. The growth in this sector is driven by the increasing demand for sugar products, mainly due to its low cost as compared to other sweeteners such as honey, maple syrup, molasses etc. Additionally, rising health consciousness among consumers has also resulted in increased consumption of low calorie or no calorie sweeteners derived from natural sources like stevia and monk fruit extract which has led to an upsurge in demand for sugar processing machinery & equipment across Thailand. Furthermore, government initiatives aimed at bolstering the agricultural industry are further propelling growth prospects for companies operating in this space.
High consumer preference towards sugars over artificial sweeteners coupled with their lower cost have resulted in escalating demand for sugar products globally which has been driving the sales of related machinery & equipment used in refining process throughout Thailand. Rising awareness regarding adverse health impacts associated with high intake of sugar while offering benefits that come along with consuming natural alternatives have prompted individuals worldwide including those living within Thailand to switch towards healthier options such as stevia and monk fruit extracts resulting into surge of orders processed through refineries located therein leading toward higher sales figures recorded by vendors involved therein market.Various countries around world including Thailand government are introducing various incentives and subsidies which on one hand allow farmers quick access resources required farming operations on other hand incentivize them make strategic investments into setting up modernized refineries equipped latest high efficiency solutions thus helping stakeholders involved register greater profits margins than before thereby contributing significantly overall revenues registered regionally scale upward direction post covid pandemic times pan out.
As far production costs concerned, it requires lot money invest into creating necessary infrastructure support production processes equipments needed operate efficiently followed regular check ups ensure optimum performance parts replacement if any need arises all these incur additional expenses manufacturers making difficult stay profitable over long run time span. Establishing facilities carrying out complex extraction procedures require significant amounts manpower technical expertise addition materials necessary maintain proper working order case shortages occur can lead manufacturers face difficulties fulfilling customer requirements end day slow progress achieved through research development activities pushing.
The COVID-19 pandemic has had a major impact on the global sugar refinery machinery and equipment market. The outbreak of the virus caused an abrupt halt in manufacturing activities, leading to a sharp decline in demand for such products. This is further compounded by the lack of access to raw materials due to supply chain disruptions and restrictions imposed on transportation. As countries implement social distancing measures, consumer demand for packaged food items has also decreased significantly due to reduced availability or limited access from traditional retail outlets.
Key players operating in the Thailand Sugar Refinery Machinery and Equipment market include GEA Group AG, Alfa Laval AB, SPX Flow Inc., John Bean Technologies Corporation (JBT), SUEZ Water Technologies & Solutions, Siemens AG, Koch Engineering Company LLC (KECO), Buhler AG, Tate & Lyle PLC, British Rema Manufacturing Co Ltd., Amandus Kahl GmbH & Co KG, Crown Iron Works Company, Shrijee Process Equipments Pvt Ltd.These companies are focusing on different strategies such as expansion of product portfolio with innovation/R&D investments; adoption of mergers & acquisitions; partnership/collaborations etc.
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 Sugar Refinery Machinery and Equipment Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Sugar Refinery Machinery and Equipment Market - Industry Life Cycle |
3.4 Thailand Sugar Refinery Machinery and Equipment Market - Porter's Five Forces |
3.5 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume Share, By Refineries Type, 2021 & 2031F |
3.6 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume Share, By Machinery and Equipment Type, 2021 & 2031F |
4 Thailand Sugar Refinery Machinery and Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Sugar Refinery Machinery and Equipment Market Trends |
6 Thailand Sugar Refinery Machinery and Equipment Market, By Types |
6.1 Thailand Sugar Refinery Machinery and Equipment Market, By Refineries Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume, By Refineries Type, 2021-2031F |
6.1.3 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume, By Front End Refineries, 2021-2031F |
6.1.4 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume, By Back End Refineries, 2021-2031F |
6.2 Thailand Sugar Refinery Machinery and Equipment Market, By Machinery and Equipment Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume, By Cane Handling Equipment, 2021-2031F |
6.2.3 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume, By Cutting & Grinding Equipment, 2021-2031F |
6.2.4 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume, By Processing Equipment, 2021-2031F |
6.2.5 Thailand Sugar Refinery Machinery and Equipment Market Revenues & Volume, By Packaging Equipment, 2021-2031F |
7 Thailand Sugar Refinery Machinery and Equipment Market Import-Export Trade Statistics |
7.1 Thailand Sugar Refinery Machinery and Equipment Market Export to Major Countries |
7.2 Thailand Sugar Refinery Machinery and Equipment Market Imports from Major Countries |
8 Thailand Sugar Refinery Machinery and Equipment Market Key Performance Indicators |
9 Thailand Sugar Refinery Machinery and Equipment Market - Opportunity Assessment |
9.1 Thailand Sugar Refinery Machinery and Equipment Market Opportunity Assessment, By Refineries Type, 2021 & 2031F |
9.2 Thailand Sugar Refinery Machinery and Equipment Market Opportunity Assessment, By Machinery and Equipment Type, 2021 & 2031F |
10 Thailand Sugar Refinery Machinery and Equipment Market - Competitive Landscape |
10.1 Thailand Sugar Refinery Machinery and Equipment Market Revenue Share, By Companies, 2024 |
10.2 Thailand Sugar Refinery Machinery and Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |