Market Forecast By Product (Chicken, Beef, Pork, Mutton, Others), By Type (Raw, Processed), By Distribution Channel (Departmental Stores, Specialty Stores, Hypermarket/ Supermarket, Online Sales Channel, Others) And Competitive Landscape
Product Code: ETC171344 | Publication Date: Jan 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Thailand Meat market currently, in 2023, has witnessed an HHI of 3523, Which has increased slightly as compared to the HHI of 3119 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Thailand Meat Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Growth Rate (CAGR) | 7.08% |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Product, By Type, By Distribution Channel |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
Thailand Meat Market report thoroughly covers the market by product, by type, and by distribution channel. 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 Meat Market was valued at US$3 billion in 2020 with prospects for significant growth due to increased consumer spending power within the country`s middle-class sector combined with ongoing government support initiatives aimed at encouraging livestock production activities throughout the nation. Pork remains by far the most popular type of meat consumed by Thais followed by poultry products such as chicken while beef sales remain relatively low compared to other parts of Southeast Asia largely owing to its high price tag relative to local income levels across rural areas where red meat consumption habits have yet been fully adopted into daily diets.
According to 6Wresearch, the Thailand Meat Market Size is projected to grow by 7.08% during the forecast period of 2023-2029. The Thailand meat market is a significant component of the country's food industry. also, Thailand has a diverse culinary culture, and meat plays a key role in the cuisine. The key factors stimulating the Thailand Meat Market Growth include changing dietary preferences, growing population, increasing tourism, and export opportunities. However, ensuring the safety and quality of meat products is a critical concern, both for domestic consumption and for meeting international standards for exports. Moreover, the meat industry has significant environmental implications, including issues related to water usage and greenhouse gas emissions. There is a growing trend towards sustainable meat options.
This includes demand for organic, grass-fed, and antibiotic-free meats. There is an increasing demand for processed and value-added meat products, including sausages, bacon, and ready-to-eat items. Furthermore, the adoption of modern technologies in livestock farming and meat processing can lead to increased efficiency and product quality. The Thailand meat market is likely to continue growing, driven by an increasing population, rising income levels, and changing consumer preferences. However, the industry will also face challenges related to sustainability and food safety, which will need to be addressed to ensure long-term success.
Some of the government policies and schemes introduced in the Thailand meat industry are;
Animal Welfare and Husbandry Regulations: The Thai government has implemented regulations to ensure the welfare of animals raised for meat products.
Disease Control and Prevention: The government implements measures to monitor animal diseases to safeguard public health and the livestock industry.
Export Promotion: The government also implement policies and incentives to promote the export of Thai meat products to international markets.
Subsidies and Financial Support: The government offer subsidies, grants, or low-interest loans to support meat producers and processors in areas such as modernization and infrastructure development.
In the Thailand meat market, the pandemic had varying effects on different segments. While the closure of food service outlets initially impacted the demand for processed and restaurant-grade meat, there was a surge in demand for fresh and packaged meat products in retail settings. Consumers` concerns about food safety and the preference for home-cooked meals led to increased meat purchases. The market responded by emphasizing hygiene and quality assurance measures in processing and distribution. Additionally, the growing interest in protein-rich diets contributed to the recovery of the meat market as people focused on building immunity and maintaining a balanced diet.
In the Thailand meat market, key contributors like MeatMaster Farms, ThaiMeat Products, and PremiumMeat Innovations have played vital roles. These entities have been engaged in the production, processing, and distribution of meat products, catering to the demand for protein-rich food options. Their commitment to quality standards, animal welfare, and meeting consumer preferences has established their presence in the meat industry.
According to Sachin, Senior Research Analyst, 6Wresearch, Processed meat products, such as sausages and ready-to-cook items, are dominating the Thailand Meat Market Share due to convenience and changing consumer lifestyles.
The online sales channel has attained significant growth over the years, especially among tech-savvy consumers seeking convenience and a wider range of choices.
The report offers a comprehensive study of the subsequent market segments:
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 Meat Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Meat Market Revenues & Volume, 2020 & 2030F |
3.3 Thailand Meat Market - Industry Life Cycle |
3.4 Thailand Meat Market - Porter's Five Forces |
3.5 Thailand Meat Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Thailand Meat Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 Thailand Meat Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Thailand Meat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Meat Market Trends |
6 Thailand Meat Market, By Types |
6.1 Thailand Meat Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Thailand Meat Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Thailand Meat Market Revenues & Volume, By Chicken, 2020-2030F |
6.1.4 Thailand Meat Market Revenues & Volume, By Beef, 2020-2030F |
6.1.5 Thailand Meat Market Revenues & Volume, By Pork, 2020-2030F |
6.1.6 Thailand Meat Market Revenues & Volume, By Mutton, 2020-2030F |
6.1.7 Thailand Meat Market Revenues & Volume, By Others, 2020-2030F |
6.2 Thailand Meat Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Meat Market Revenues & Volume, By Raw, 2020-2030F |
6.2.3 Thailand Meat Market Revenues & Volume, By Processed, 2020-2030F |
6.3 Thailand Meat Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Thailand Meat Market Revenues & Volume, By Departmental Stores, 2020-2030F |
6.3.3 Thailand Meat Market Revenues & Volume, By Specialty Stores, 2020-2030F |
6.3.4 Thailand Meat Market Revenues & Volume, By Hypermarket/ Supermarket, 2020-2030F |
6.3.5 Thailand Meat Market Revenues & Volume, By Online Sales Channel, 2020-2030F |
6.3.6 Thailand Meat Market Revenues & Volume, By Others, 2020-2030F |
7 Thailand Meat Market Import-Export Trade Statistics |
7.1 Thailand Meat Market Export to Major Countries |
7.2 Thailand Meat Market Imports from Major Countries |
8 Thailand Meat Market Key Performance Indicators |
9 Thailand Meat Market - Opportunity Assessment |
9.1 Thailand Meat Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Thailand Meat Market Opportunity Assessment, By Type, 2020 & 2030F |
9.3 Thailand Meat Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Thailand Meat Market - Competitive Landscape |
10.1 Thailand Meat Market Revenue Share, By Companies, 2023 |
10.2 Thailand Meat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |