Product Code: ETC040626 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The frozen fruit and vegetables market in Thailand is projected to grow at a CAGR of 4.5% during the forecast period 2020-2026. The country???s growing population, rising disposable income, increasing demand for convenience food products, and improved cold storage infrastructure are some of the key factors driving the growth of this market. Moreover, an increase in health consciousness among consumers coupled with rapid urbanization is further contributing to the growth of this industry in Thailand.
With over 69 million people living in Thailand as of 2019, there has been a steady rise in consumer demand for processed foods such as frozen fruits and vegetables over recent years as they provide convenience and longer shelf life than fresh produce. This factor has contributed significantly to driving up retail sales within the Thailand frozen fruit & vegetable sector over recent years. As disposable incomes continue to improve across many demographics within Thailand, households have more money available which can be spent on higher quality food such as premium fruits & vegetables which makes them popular choices amongst shoppers looking for healthy snacks or meals that are convenient yet affordable without sacrificing on quality or nutrition content. As such, this trend is likely to contribute positively towards future revenue generating opportunities within the domestic frozen fruits & vegetables sector moving forward into 2021 and beyond.
Though it`s common knowledge that thawed out frozen produce can lose some nutritional values when compared with their raw counterparts (especially vitamin C content), what may not be so well known by health conscious consumers is how freezing certain types of produce actually helps preserve its full range of nutrients better than going completely raw due to potential oxidation damage from air exposure or even bacterial contamination caused by water contact during washing processes required prior consuming fresh items directly off supermarket shelves etcetera). This lack of awareness impacts negatively upon consumption volume levels throughout this sector thus limiting overall industry growth prospects from being reached until greater education efforts are made publically accessible throughout all major cities/towns nationwide here too inform citizens regarding these matters properly ??? rather than leaving it solely up individual research projects conducted independently outside any official government endorsed initiatives etcetera.
The market for frozen fruits and vegetables in Thailand has been affected by the Covid-19 pandemic. Since the outbreak of this disease, there has been an increasing demand for frozen products as consumers prefer to limit their contact with fresh produce due to concerns over contamination. As a result, suppliers have seen a surge in orders from supermarkets and other retailers across Thailand.
Major players operating in this market include CP Group, Tops Supermarket, The Mall Group, Dairy Farm International Holdings Limited (DFI), Big C Supercenter Public Co., Ltd., Central Food Retail Corporation Limited (CFRC) and Mae Fah Luang Foundation PCL. These companies are taking various measures such as promoting online shopping platforms; introducing new product lines to meet changing customer needs; expanding distribution networks; launching promotional campaigns to boost sales etc., which would help them maintain a competitive edge during these trying times.
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 Frozen Fruit & Vegetables Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, 2020 & 2030F |
3.3 Thailand Frozen Fruit & Vegetables Market - Industry Life Cycle |
3.4 Thailand Frozen Fruit & Vegetables Market - Porter's Five Forces |
3.5 Thailand Frozen Fruit & Vegetables Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Thailand Frozen Fruit & Vegetables Market Revenues & Volume Share, By Applications, 2020 & 2030F |
3.7 Thailand Frozen Fruit & Vegetables Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Thailand Frozen Fruit & Vegetables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Frozen Fruit & Vegetables Market Trends |
6 Thailand Frozen Fruit & Vegetables Market, By Types |
6.1 Thailand Frozen Fruit & Vegetables Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, By Frozen Vegetables, 2020-2030F |
6.1.4 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, By Frozen Fruits, 2020-2030F |
6.2 Thailand Frozen Fruit & Vegetables Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, By Fruits, 2020-2030F |
6.2.3 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, By Vegetables, 2020-2030F |
6.3 Thailand Frozen Fruit & Vegetables Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, By Hypermarkets/Supermarkets, 2020-2030F |
6.3.3 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, By Convenience Stores, 2020-2030F |
6.3.4 Thailand Frozen Fruit & Vegetables Market Revenues & Volume, By E-commerce, 2020-2030F |
7 Thailand Frozen Fruit & Vegetables Market Import-Export Trade Statistics |
7.1 Thailand Frozen Fruit & Vegetables Market Export to Major Countries |
7.2 Thailand Frozen Fruit & Vegetables Market Imports from Major Countries |
8 Thailand Frozen Fruit & Vegetables Market Key Performance Indicators |
9 Thailand Frozen Fruit & Vegetables Market - Opportunity Assessment |
9.1 Thailand Frozen Fruit & Vegetables Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Thailand Frozen Fruit & Vegetables Market Opportunity Assessment, By Applications, 2020 & 2030F |
9.3 Thailand Frozen Fruit & Vegetables Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Thailand Frozen Fruit & Vegetables Market - Competitive Landscape |
10.1 Thailand Frozen Fruit & Vegetables Market Revenue Share, By Companies, 2023 |
10.2 Thailand Frozen Fruit & Vegetables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |