Thailand Fish Processing Market (2024-2030) | Analysis, Trends, Outlook, Revenue, Value, Forecast, Share, Industry, Growth, Companies & Size

Thailand Fish Processing Market Synopsis

Thailand is one of the major producers and exporters of seafood in the world, making it a key player in the global fish processing market. The country has over three thousand registered fish processing plants that employ more than forty thousand people. Thailand fisheries sector provides employment to around five hundred thousand people and contributes up to 6% towards its total exports. In 2019, Thailand fishery products had an export value of US$ 7 billion, while imports were valued at US$ 5 billion. Thailand largest export markets for fishery products include Japan, Europe, and the United States with a share of 34%, 23%, and 16% respectively in 2019.

Market Drivers

The growth of the fish processing market in Thailand can be attributed to factors such as increasing demand for processed seafood from countries like Japan and China; rising consumer preference towards convenience foods; technological advancements leading to improved product quality; government initiatives aimed at encouraging efficient fishing practices; presence of local processors offering high-value added services such as filleting or ready-to-cook solutions; availability of low labour costs due to a large pool skilled workforce; favorable trade policies allowing easy access into foreign markets; taxation benefits offered by authorities on raw materials used for production purposes etc.

Challenges of the Market

The expansion prospects are however dampened by certain challenges faced by industry players including stringent regulations pertaining to food safety compliance imposed by governments worldwide which increases operational expenses related with certifications/audits required annually ; risk associated with volatile prices induced due to changing weather patterns or natural calamities affecting supply chain networks ; failure to meet customer demands owing inadequate capacity utilization resulting from lack investments necessary upgrades & modernizations ; rising competition among international providers influencing pricing strategies forcing companies shift focus from traditional offerings thereby compromising profit margins etc .

Covid-19 Impact on the Market

The outbreak Covid 19 pandemic has caused significant disruption across various industries globally including that Fish Processing Market too.Many businesses halted operations due nonavailability resources or labor shortages posing greater risk maintaining supplies both locally internationally thus impacting long term sustainability.Further, restrictive measures implemented impact not only shipment but also final consumption hence reducing overall sales drastically while putting extra pressure finance management capabilities existing entities those planning enter this space .

Key Players of the Market

Major players operating in Thailand Fisheries Processing Market include CP Foods PLC., Betagro Group Co Ltd., Saha Farms Co Ltd.

Key Highlights of the Report:

• Thailand Fish Processing Market Outlook
• Market Size of Thailand Fish Processing Market, 2023
• Forecast of Thailand Fish Processing Market, 2030
• Historical Data and Forecast of Thailand Fish Processing Revenues & Volume for the Period 2020-2030
• Thailand Fish Processing Market Trend Evolution
• Thailand Fish Processing Market Drivers and Challenges
• Thailand Fish Processing Price Trends
• Thailand Fish Processing Porter's Five Forces
• Thailand Fish Processing Industry Life Cycle
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Source for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Marine for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Inland for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Freshwater for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Food for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Feed for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Biomedical for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Processing for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Frozen for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Preserved for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Equipment for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Gutting for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Scaling for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Filleting for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Deboning for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Skinning for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Curing & Smoking for the Period 2020-2030
• Historical Data and Forecast of Thailand Fish Processing Market Revenues & Volume By Others for the Period 2020-2030
• Thailand Fish Processing Import Export Trade Statistics
• Market Opportunity Assessment By Source
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Processing
• Market Opportunity Assessment By Equipment
• Thailand Fish Processing Top Companies Market Share
• Thailand Fish Processing Competitive Benchmarking By Technical and Operational Parameters
• Thailand Fish Processing Company Profiles
• Thailand Fish Processing Key Strategic Recommendations