Product Code: ETC386965 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The livestock market in Thailand is a significant component of the country`s agricultural sector. It encompasses a wide range of animals, including cattle, poultry, pigs, and goats. Thailand has a well-established livestock industry that serves both domestic consumption and exports. The market is influenced by factors such as dietary preferences, cultural practices, and economic conditions. In recent years, there has been a growing emphasis on sustainable and organic livestock farming practices to meet evolving consumer demands for ethically raised and environmentally friendly meat products.
The livestock market in Thailand is influenced by several key drivers. Firstly, the country`s growing population and rising income levels have increased the demand for meat and dairy products. This has led to an expansion of livestock farming activities to meet the growing consumption needs. Moreover, the Thai government has actively promoted livestock farming as a means of income generation for rural communities, providing subsidies and incentives to encourage farmers to enter the sector. Additionally, exports of Thai livestock products, particularly chicken and pork, have seen a surge in demand from international markets, driven by Thailand reputation for quality and food safety standards. The livestock market is also influenced by changing consumer preferences, with a shift towards organic and ethically sourced products, further driving innovation and investment in the sector.
The Thailand livestock market faces various challenges, including concerns related to animal health, disease outbreaks, and changing consumer preferences. Disease outbreaks, such as avian influenza or foot-and-mouth disease, can disrupt the market and lead to trade restrictions. Additionally, as consumers become more health-conscious, there is a growing demand for organic and ethically raised livestock, which may require changes in production practices. Balancing these concerns while maintaining competitive pricing is a significant challenge for the livestock industry.
The COVID-19 pandemic had mixed effects on Thailand livestock market. In the initial phases of the pandemic, disruptions in supply chains and transportation led to shortages of livestock feed and veterinary supplies. This adversely affected the health and growth of livestock. Additionally, lockdowns and movement restrictions hampered the operation of livestock farms and processing facilities. However, with a growing demand for meat and dairy products at the consumer level, there was also increased interest in backyard farming and small-scale livestock rearing. This shift in consumer behavior may lead to long-term changes in the livestock market in Thailand.
In the broader livestock industry, key players include Charoen Pokphand Foods Public Company Limited (CPF), Betagro Group, and the Thai subsidiary of Cargill, among others. These companies have significant market shares in the production and distribution of various livestock products, including poultry, pork, and cattle.