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

Thailand Fish Market Highlights

Report Name	Thailand Fish Market
CAGR	2.9%
Forecast Period	2024-2030
Growing Sector	The aquaculture sector

Topics Covered in the Thailand Fish Market

Thailand Fish Market report thoroughly covers the market by fish type, by product type, by distribution channel, and by sector. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Fish Market Synopsis

The Thailand Fish Market is a significant component of the country’s food industry. The market includes fresh and processed fish, with exports reaching global markets. Sustainability and quality control are crucial factors in maintaining Thailand`s reputation as a seafood exporter. Thailand's seafood industry has been supporting the country's economy, with millions of people relying on it for their livelihoods. 

According to 6Wresearch, the Thailand Fish Market size is anticipated to reach a CAGR of 2.9% during the forecast period 2024-2030. The market growth is influenced by the country`s rich marine resources and the popularity of seafood in Thai cuisine. Thailand is one of the world`s leading exporters of seafood products, and the domestic consumption of fish remains high, these are some drivers bolstering the market growth. The market growth is influenced by both domestic demand and international exports. Government support for the fishing industry, including infrastructure development, aquaculture promotion, and export facilitation, has also supported the Thailand Fish Market growth. Thailand`s reputation for quality seafood products and its ability to meet international standards have also made it a preferred supply globally. Some ongoing innovations in seafood processing and packaging to cater to changing consumer preferences and export requirements. Furthermore, growing value-added products, such as seafood snacks and ready-to-eat meals. This trend has helped to diversify the market and create new opportunities for both large and small seafood businesses.

Government Initiatives Introduced in the Thailand Fish Market

Thailand's government has launched several measures to boost the growth of the seafood sector. These include promoting seafood exports, creating new opportunities for aquaculture farmers, and investing in infrastructure to facilitate the production, distribution, and marketing of seafood products. Additionally, the government has been supporting small and medium-sized enterprises through tax incentives, loans, and grants. These measures are helping boost the growth of the Thailand Fish industry. 

Key Players in the Thailand Fish Market

The Thailand Fish Market has numerous local and regional seafood suppliers and distributors. However, some prominent names in the seafood industry in Thailand include 

• Thai Union Group
• Charoen Pokphand Foods (CPF)
• Sea Value Group
• Thai Union Frozen Products
• Seafresh Industry PCL
• Gourmet Ocean Products.

These companies are involved in fishing and exporting seafood products globally. These companies are investing and offering premium quality products to their customers. 

Future Insights of the Thailand Fish Market

Thailand Fish Market share is estimated to secure a double-digit growth in the future with some growing trends and opportunities. With the rising integration of advanced technologies such as artificial intelligence and machine learning, fishermen can predict fish movements and patterns. These technologies enable fishermen to optimally locate and catch fish while avoiding overfishing.  Furthermore, blockchain technology is also playing a crucial role in enhancing supply chain tracking and traceability. Additionally, sustainable fishing practices are one of the major practices leaving a positive impact on the market stakeholders are following strict regulations to reduce overfishing, protect marine ecosystems, and encourage sustainable fishing practices. 

Market Analysis by Fish Type

According to Shivankar, Research Manager, 6Wresearch, Inland Fishes is leading in the market due to its various factors such as rich nutritional value, accessibility, and production consistency.

Market Analysis by Application

Based on the application, frozen fish is leading in the Thailand fish market. While fresh fish remains a staple in the market, its declining demand highlights the shift in consumer preferences towards convenience and longer shelf life.

Market Analysis by Distribution Channel

Based on the distribution channel, the retail channel is leading in the Thailand fish market, while the institutional channel is in decline. The reasons for this trend are multiple and complex, but they include consumer behaviour shifts, technological advancements, and government regulations.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Fish Market Outlook
• Market Size of Thailand Fish Market, 2023
• Forecast of Thailand Fish Market, 2030
• Historical Data and Forecast of Thailand Fish Revenues & Volume for the Period 2020 - 2030
• Thailand Fish Market Trend Evolution
• Thailand Fish Market Drivers and Challenges
• Thailand Fish Price Trends
• Thailand Fish Porter's Five Forces
• Thailand Fish Industry Life Cycle
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Fish Type for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Inland Fishes for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Marine Fishes for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Shrimps for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Scampi for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Product Type for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Fresh for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Frozen for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Canned for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Retail for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Institutional for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Sector for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Organised for the Period 2020 - 2030
• Historical Data and Forecast of Thailand Fish Market Revenues & Volume By Unorganised for the Period 2020 - 2030
• Thailand Fish Import Export Trade Statistics
• Market Opportunity Assessment By Fish Type
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• Market Opportunity Assessment By Sector
• Thailand Fish Top Companies Market Share
• Thailand Fish Competitive Benchmarking By Technical and Operational Parameters
• Thailand Fish Company Profiles
• Thailand Fish Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Fish Type

• Inland Fishes
• Marine Fishes
• Shrimps
• Scampi

By Product Type

• Fresh
• Frozen
• Canned
• Others

By Distribution Channel

• Retail
• Institutional

By Sector

• Organised
• Unorganised