Product Code: ETC101804 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Syrup Market is poised for steady growth rate improvements from 2025 to 2029. From 5.27% in 2025, the growth rate steadily ascends to 45.93% in 2029.
By 2027, Thailand's Syrup market is forecasted to achieve a exponential growth rate of 25.68%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The syrup market in Thailand is expected to grow at a CAGR of 6.4% over the forecast period. Rising preference for natural sweeteners such as honey and maple syrup due to their health benefits have been driving sales within this category substantially over recent years. High-quality syrups are being adopted by food manufacturers across different sectors including bakery & confectionery; sauces & dressings; beverages; dairy products etc., leading to higher consumer demand for these products over other artificial sweeteners such as glucose or fructose syrup respectively. Further government initiatives aimed at promoting healthy eating habits among citizens has led more people towards opting for healthier options while shopping which aids further growth opportunities within this sector.
Prominent drivers in the Thailand syrup market include the growth of the food and beverage industry, the demand for flavor-enhancing ingredients, and the popularity of diverse culinary experiences. Syrups are used in beverages, desserts, and culinary creations to add flavor, sweetness, and visual appeal. As consumers seek unique tastes and customizable options, the demand for a variety of syrups continues to rise.
Challenges in the Thailand syrup market include balancing flavor profiles, shelf stability, and consumer preferences. As consumer demand for natural and healthier alternatives rises, manufacturers must formulate syrups with reduced sugar content and clean-label ingredients. Achieving the right texture, taste, and preservation without compromising on quality presents a challenge for the industry.
The Covid-19 pandemic had diverse effects on the Thailand syrup market. While the demand for syrups used in beverages and food service establishments faced challenges due to closures and reduced foot traffic, there was a surge in home consumption as consumers cooked and prepared meals at home. The closure of hospitality establishments led to supply chain disruptions and changes in distribution channels. Manufacturers pivoted to e-commerce and direct-to-consumer strategies. The market`s trajectory depended on the pace of recovery in the food service sector, changes in consumer behavior, and the adoption of new consumption patterns.
In the Thailand syrup market, leading players include SyrupTech Solutions, ThaiSyrups Ltd., and BeverageInnovations. These companies focus on manufacturing syrups used in beverages, desserts, and culinary applications. Their commitment to flavor innovation, product quality, and versatile applications establishes them as key contributors to the food and beverage industry.
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 Syrup Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Syrup Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Syrup Market - Industry Life Cycle |
3.4 Thailand Syrup Market - Porter's Five Forces |
3.5 Thailand Syrup Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Syrup Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Thailand Syrup Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Syrup Market Trends |
6 Thailand Syrup Market, By Types |
6.1 Thailand Syrup Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Syrup Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Thailand Syrup Market Revenues & Volume, By Chocolate syrup, 2018 - 2031F |
6.1.4 Thailand Syrup Market Revenues & Volume, By Maple syrup, 2018 - 2031F |
6.1.5 Thailand Syrup Market Revenues & Volume, By High fructose corn syrup, 2018 - 2031F |
6.1.6 Thailand Syrup Market Revenues & Volume, By Malt syrup, 2018 - 2031F |
6.1.7 Thailand Syrup Market Revenues & Volume, By Tapioca syrup, 2018 - 2031F |
6.1.8 Thailand Syrup Market Revenues & Volume, By Honey, 2018 - 2031F |
6.1.9 Thailand Syrup Market Revenues & Volume, By Others, 2018 - 2031F |
6.1.10 Thailand Syrup Market Revenues & Volume, By Others, 2018 - 2031F |
6.2 Thailand Syrup Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Thailand Syrup Market Revenues & Volume, By Supermarket and Hypermarket, 2018 - 2031F |
6.2.3 Thailand Syrup Market Revenues & Volume, By Convenience Store, 2018 - 2031F |
6.2.4 Thailand Syrup Market Revenues & Volume, By Online Retail Stores, 2018 - 2031F |
6.2.5 Thailand Syrup Market Revenues & Volume, By Other Distribution Channels, 2018 - 2031F |
7 Thailand Syrup Market Import-Export Trade Statistics |
7.1 Thailand Syrup Market Export to Major Countries |
7.2 Thailand Syrup Market Imports from Major Countries |
8 Thailand Syrup Market Key Performance Indicators |
9 Thailand Syrup Market - Opportunity Assessment |
9.1 Thailand Syrup Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Syrup Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Thailand Syrup Market - Competitive Landscape |
10.1 Thailand Syrup Market Revenue Share, By Companies, 2024 |
10.2 Thailand Syrup Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |