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Market Insights Consumer
FOOD - THAILAND
* Thailand
Highlights
* Revenue in the Food market amounts to US$67.67bn in 2023. The market is
expected to grow annually by 5.25% (CAGR 2023-2028).
* The market's largest segment is the segment Bread & Cereal Products with a
market volume of US$10.77bn in 2023.
* In global comparison, most revenue is generated in China (US$1,493bn in
2023).
* In relation to total population figures, per person revenues of US$964.20 are
generated in 2023.
* In the Food market, 2.6% of total revenue will be generated through online
sales by 2023.
* In the Food market, volume is expected to amount to 26.01bn kg by 2028. The
Food market is expected to show a volume growth of 3.9% in 2024.
* The average volume per person in the Food market is expected to amount to
314.50kg in 2023.
Key regions: United States, Canada, China, India, South Korea
Market definition
Definition:
The food market covers all edible products that are bought and consumed for
nutrient-based purposes. The market includes both fresh and processed foods.
Structure:
The market consists of 13 different segments:
* The Dairy products & Eggs segment covers animal products, such as milk, eggs
and products made from mammal’s milk and non-animal products, such as milk
substitutes. This segment is divided into six subsegments that include milk,
milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
* The Meat segment covers animal products, such as pork, poultry, and free-from
meat products, such as meat substitutes. This segment is divided into three
subsegments: fresh meat, processed meat, and meat substitutes.
* The Fish & Seafood segment covers products made from fish and seafood. This
segment is divided into three subsegments: fresh fish, fresh seafood, and
processed fish & seafood.
* Fruits & Nuts cover edible fruits and nuts. This segment is divided into
three subsegments: fresh fruits, processed & frozen fruits, and nuts.
* The Vegetables segment covers edible plants. This segment is divided into two
subsegments: fresh vegetables, processed & frozen vegetables.
* The Bread & Cereal products segment covers baked goods made from dough. Dough
is made using flour, water, a leavening agent, and other optional
ingredients. This segment also covers products made from cereals that are
usually used as part of a main meal. This segment is divided into five
subsegments: bread, pasta, rice, breakfast cereals and other cereal products.
* The Oils and Fats segment covers both edible oils and fats made from animals
and plants. This segment is divided into four subsegments: butter, margarine,
edible oils, and other oils & fats.
* The Sauces and Spices segment covers additional ingredients used during the
food preparation process and is divided into three subsegments: tomato
ketchup, other sauces, and spices & culinary herbs.
* The Convenience food segment covers prepared food and meals that require
little effort to prepare. This segment is divided into two subsegments, soups
and ready-to-eat meals.
* The Spreads and Sweeteners segment covers spreads and ingredients added to
food or beverages to give it a sweet flavor. This segment is divided into two
subsegments, spreads and sweeteners.
* The Confectionery & Snacks segment covers sweet, savory, and salty food. This
segment is divided into two subsegments, confectionery and snacks.
* The Baby food segment covers food that is only meant to be consumed by babies
and small children.
* The Pet food segment covers food that is intended for pet use only.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average
volume per capita, price per unit (unit refers to kilogram), and sales channels.
The market encompasses retail sales through both online and offline sales
channels to private end customers (B2C). The market only covers at-home
consumption; out-of-home consumption is not included. The out of home revenue
data is only shown as a separate box at the market level.
For more information on the displayed data, click the info button on the right
side of each box.
in-scope / out-of-scope
IN-SCOPE
* Fresh Food
* Processed foods
* Pet Food
* Baby Food
OUT-OF-SCOPE
* Food supplements
* Out-of-home consumption
Market structure
FOOD
* Dairy Products & Eggs
* Milk
* Milk Substitutes
* Yogurt
* Yogurt Substitutes
* Cheese
* Cheese Substitutes
* Eggs
* Other Dairy Products & Eggs
* Meat
* Fresh Meat
* Processed Meat
* Meat Substitutes
* Fish & Seafood
* Fresh Fish
* Fresh Seafood
* Processed Fish & Seafood
* Fruits & Nuts
* Fresh Fruits
* Processed & Frozen Fruits
* Nuts
* Vegetables
* Fresh Vegetables
* Processed & Frozen Vegetables
* Bread & Cereal Products
* Bread
* Pasta
* Rice
* Breakfast Cereals
* Other Cereal Products
* Oils & Fats
* Butter
* Margarine
* Edible Oils
* Other Oils & Fats
* Sauces & Spices
* Tomato Ketchup
* Other Sauces
* Spices & Culinary Herbs
* Convenience Food
* Ready-to-Eat Meals
* Soups
* Spreads & Sweeteners
* Spreads
* Sweeteners
* Confectionery & Snacks
* Confectionery
* Snack Food
* Baby Food
* Baby Milk & Infant Formula
* Baby Cereals & Other Dried Baby Food
* Prepared Baby Food
* Baby Snacks & Others
* Pet Food
Related markets:
Alcoholic Drinks
Non-Alcoholic Drinks
Hot Drinks
Tobacco Products
Home & Laundry Care
Beauty & Personal Care
Tissue & Hygiene Paper
Apparel
Footwear
Eyewear
Accessories
Consumer Electronics
Household Appliances
Furniture
OTC Pharmaceuticals
Toys & Hobby
Luxury Goods
DIY & Hardware Store
Reports
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Methodology
Download PDF FAQs and more info on the methodology
Download
Share
Revenue by Segment (2023)
US$67.67bn
Revenue Change by Segment (2023)
5.8%
✕
CUSTOM DATA EXPORT (BETA)
Food ()
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Market
0 Market
Region
()
Currency
USD (US$)
Process Data
Market Food
Region Thailand
Region comparison Compare to other regions
Currency USD (US$)
OVERVIEW
* Revenue
* Analyst Opinion
* Sales Channels
* Volume
* Price
* Global Comparison
* Methodology
* Key Market Indicators
REVENUE
Revenue by Segment
Revenue Change by Segment
Access data
Created with Highcharts 7.2.2TotalBaby FoodBread & Cereal ProductsConfectionery
& SnacksConvenience FoodDairy Products & EggsFish & SeafoodFruits & NutsMeatOils
& FatsPet FoodSauces & SpicesSpreads &
SweetenersVegetables20182019202020212022202320242025202620272028
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ADDITIONAL INFORMATION
The “Revenue” box shows the forecasted revenue development of the selected
market (market segment, region) in million US dollars (or selected currency) for
each year.
Notes: Data shown is using current exchange rates and reflects market impacts of
the Russia-Ukraine war.
Most recent update: Oct 2023
Source: Statista Market Insights
Average Revenue per Capita
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ADDITIONAL INFORMATION
The "Average Revenue per Capita" box shows the average market value of the
selected market (market segment, region) per person in US dollars (or selected
currency) for each year.
Most recent update: Oct 2023
Source: Statista Market Insights
Organic Food Share
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ADDITIONAL INFORMATION
The “Organic Food Share” box shows the percentage of the Food market that is
attributable to sales of organic food goods for each year. The term "organic"
refers to products that have been produced following the specific rules of
agricultural production and that have to adopt approaches to maintain
sustainable agricultural production. This includes, for instance, food products
produced without the use of chemical synthesis, such as growth regulators,
synthetic pesticides and fertilizers, and that do not contain genetically
modified organisms (GMOs).
Most recent update: Jun 2022
Sources: Statista Market Insights , Statista Consumer Insights Global
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ANALYST OPINION
The Consumer Market Outlooks Food category aims to model private household
consumption of food at the most granular level possible. All data is modeled
based on statistics on industrial production and trade provided by national and
international institutions as well as on household budget surveys and
agricultural commodity statistics. All revenues and prices refer to retail
selling prices inclusive of all applying sales taxes. The market covers
unprocessed and processed food.
SALES CHANNELS
Online Revenue Share
Mobile/Desktop Split
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ADDITIONAL INFORMATION
The distribution channel Online refers to the purchase of physical goods in
online retail. In other words, the purchase is concluded via the internet - on
a desktop PC, tablet or smartphone. The distribution channel Offline covers all
purchases in stationary stores, via telesale or mailorder (e.g. print catalogs).
Most recent update: Aug 2023
Source: Statista Market Insights
Out-of-Home Revenue
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ADDITIONAL INFORMATION
Out of home consumption encompasses all sales via food service establishments
(e.g. bars, restaurants, work and school canteens, take away and delivery). At
home consumption on the other hand covers sales via retail stores (e.g.
supermarkets and convenience stores). Both out of home and at home consumption
are valued at consumer prices including all sales taxes and excise duties.
Most recent update: Oct 2023
Source: Statista Market Insights
VOLUME
Volume by Segment
Volume Change by Segment
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ADDITIONAL INFORMATION
The “Volume” box shows the apparent consumption of the selected product (market
segment, region) in millions for each year.
Most recent update: Oct 2023
Source: Statista Market Insights
Average Volume per Capita
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ADDITIONAL INFORMATION
The "Average Volume per Capita" box shows the average volume of the selected
market (market segment, region) per person for each year.
Most recent update: Oct 2023
Source: Statista Market Insights
PRICE
Price per Unit
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ADDITIONAL INFORMATION
The "Price per Unit" box shows the average retail value per unit in the selected
market (market segment, region) in US dollars (or selected currency) for each
year.
Most recent update: Oct 2023
Source: Statista Market Insights
GLOBAL COMPARISON
Revenue Comparison
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ADDITIONAL INFORMATION
The “Revenue” tab shows a comparison of revenues for the leading economies in
the selected market (market segment, region) and year.
Most recent update: Oct 2023
Source: Statista Market Insights
METHODOLOGY
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer
spending on food, which comprises all private household spending on food that is
meant for at-home consumption (out-of-home consumption is not accounted for).
Modeling approach:
Market sizes are determined through a top-down approach, building on specific
predefined factors for each market segment. As a basis for evaluating markets,
we use resources from the Statista platform as well as in-house market research,
national statistical offices, international institutions, trade associations,
companies, the trade press, and the experience of our analysts. In addition, we
use relevant key market indicators and data from country-specific associations,
such as GDP, consumer spending, and consumer price index. This data helps us
estimate the market size for each country individually.
Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of
forecasting techniques is based on the behavior of the relevant market. For
example, the exponential trend smoothing is well suited for forecasting the Food
market with a projected steady growth. The main drivers are GDP per capita and
consumer spending per capita.
Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19
pandemic and the Russia-Ukraine war are considered at a country-specific level.
The market is updated twice a year.
KEY MARKET INDICATORS
The following Key Market Indicators give an overview of the social and economic
outlook of the selected region and provide additional insights into relevant
market-specific developments. These indicators, together with data from
statistical offices, trade associations and companies serve as the foundation
for the Statista market models.
Search:
Page size: 1000
First Column Second Column Third Column Fourth Column Fifth Column Sixth Column
Seventh Column Eighth Column Ninth Column Tenth Column
First Row
45,098.90
45,179.10
46,549.60
48,144.00
46,740.50
43,470.50
44,309.60
37,163.00
33,843.50
31,977.40
Second Row
145,088.00
143,328.00
149,436.00
144,809.00
141,284.00
136,815.00
135,567.00
108,716.00
95,423.90
89,638.00
Third Row
368,374.00
378,295.00
386,613.00
398,532.00
377,096.00
361,370.00
365,101.00
301,849.00
263,329.00
246,552.00
Fourth Row
283,243.00
284,217.00
279,380.00
264,924.00
253,979.00
264,186.00
275,995.00
233,571.00
197,887.00
185,985.00
Fifth Row
99,312.90
99,876.70
94,167.50
92,884.60
96,932.20
97,748.70
99,437.90
81,472.80
67,288.10
62,956.30
Sixth Row
37,001.20
39,106.70
38,099.50
41,339.40
39,488.20
36,332.40
31,564.30
26,291.30
23,060.30
21,933.00
Seventh Row
155,833.00
154,144.00
147,559.00
160,485.00
149,755.00
125,216.00
123,113.00
104,276.00
93,214.90
87,235.10
Eighth Row
87,886.60
82,643.30
83,194.50
82,212.30
75,279.80
61,312.60
77,628.00
70,883.00
68,706.40
57,764.10
Ninth Row
340,807.00
417,957.00
482,046.00
564,781.00
597,226.00
635,290.00
647,466.00
524,808.00
493,056.00
472,746.00
Tenth Row
254,309.00
258,374.00
307,554.00
336,447.00
367,544.00
373,907.00
362,414.00
275,202.00
239,913.00
226,771.00
Eleventh Row
104,505.00
109,459.00
114,211.00
119,974.00
116,181.00
120,499.00
116,481.00
83,711.40
65,946.00
60,943.90
Twelfth Row
13,869.90
14,533.50
14,717.70
15,202.30
14,760.40
14,702.70
14,593.30
12,000.70
10,125.20
9,457.85
Total
1,935,330.00
2,027,110.00
2,143,530.00
2,269,730.00
2,276,270.00
2,270,850.00
2,293,670.00
1,859,940.00
1,651,790.00
1,553,960.00
Please wait
Source: Please wait
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