Product Code: ETC029805 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The vitamins market in Thailand is expected to witness high growth over the forecast period of 2025-2031. The rising awareness about healthy lifestyles, increasing prevalence of chronic diseases, growing elderly population and higher disposable income are some of the major drivers for this market. Furthermore, advancements in healthcare infrastructure have also contributed towards increased purchasing power and accessibility to health supplements like vitamins and minerals among people living in Thailand. The country has a large consumer base that prefers low cost products which bodes well for vitamin supplement manufacturers as they can offer competitive prices along with fortified nutrition content helping them gain an edge over conventional food options.
Growing awareness about healthy lifestyle led by various government initiatives such as free medical checkups and subsidized healthcare services coupled with rising disposable incomes are driving demand growth for vitamins across Thailand. Increasing prevalence of chronic ailments like cardiovascular diseases, diabetes etc., are boosting sales of multivitamins & mineral supplements. Rising elderly population needing additional nutrition support due to frail bodies are leading to an increase in consumption levels. Advances in healthcare infrastructure enabling access to nutritional supplements with greater affordability is further propelling the market growth.
Availability of counterfeit or low quality vitamins resulting from poor regulations related to manufacturing standards remain a key challenge faced by industry players operating within Thailand markets. High costs associated with branded dietary supplements often discourage consumers from purchasing such items thereby limiting overall sales revenues.
The outbreak of Covid-19 resulted into disruption at supply chains which led to temporary shortages based on production facilities being shut down during the pandemic times thus affecting overall sales revenues generated through vitamin supplement markets across Thailand during Q1 & Q2 2025 seasonally when compared against previous years averages figures.
Nestle Health Science (Thailand), GlaxoSmithKline Plc (Thailand), Abbott Laboratories Inc., Amway Corporation (Thailand), Blackmores Ltd, Ajinomoto Co Inc., Pfizer Inc., Reckitt Benckiser Group Plc.
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 Vitamins Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Vitamins Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Vitamins Market - Industry Life Cycle |
3.4 Thailand Vitamins Market - Porter's Five Forces |
3.5 Thailand Vitamins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Vitamins Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Thailand Vitamins Market Revenues & Volume Share, By Source, 2021 & 2031F |
4 Thailand Vitamins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Vitamins Market Trends |
6 Thailand Vitamins Market, By Types |
6.1 Thailand Vitamins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Vitamins Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Vitamins Market Revenues & Volume, By Vitamin B, 2021-2031F |
6.1.4 Thailand Vitamins Market Revenues & Volume, By Vitamin E, 2021-2031F |
6.1.5 Thailand Vitamins Market Revenues & Volume, By Vitamin D, 2021-2031F |
6.1.6 Thailand Vitamins Market Revenues & Volume, By Vitamin C, 2021-2031F |
6.1.7 Thailand Vitamins Market Revenues & Volume, By Vitamin A, 2021-2031F |
6.1.8 Thailand Vitamins Market Revenues & Volume, By Vitamin K, 2021-2031F |
6.2 Thailand Vitamins Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Thailand Vitamins Market Revenues & Volume, By Healthcare products, 2021-2031F |
6.2.3 Thailand Vitamins Market Revenues & Volume, By Food & beverages, 2021-2031F |
6.2.4 Thailand Vitamins Market Revenues & Volume, By Feed, 2021-2031F |
6.2.5 Thailand Vitamins Market Revenues & Volume, By Personal care, 2021-2031F |
6.3 Thailand Vitamins Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Thailand Vitamins Market Revenues & Volume, By Synthetic, 2021-2031F |
6.3.3 Thailand Vitamins Market Revenues & Volume, By Natural, 2021-2031F |
7 Thailand Vitamins Market Import-Export Trade Statistics |
7.1 Thailand Vitamins Market Export to Major Countries |
7.2 Thailand Vitamins Market Imports from Major Countries |
8 Thailand Vitamins Market Key Performance Indicators |
9 Thailand Vitamins Market - Opportunity Assessment |
9.1 Thailand Vitamins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Vitamins Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Thailand Vitamins Market Opportunity Assessment, By Source, 2021 & 2031F |
10 Thailand Vitamins Market - Competitive Landscape |
10.1 Thailand Vitamins Market Revenue Share, By Companies, 2024 |
10.2 Thailand Vitamins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |