Thailand Dairy and Soy Food Market Size and Trend Analysis by Categories and Segments, Distribution Channel, Packaging Formats, Market Share, Demographics, and Forecast, 2021-2026

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The Thailand dairy & soy food market was valued at $4.2 billion in 2021 and is expected to grow at a CAGR of more than 3% during 2021-2026. Milk led the Thai dairy & soy food sector in terms of per capita consumption.

The Thailand dairy & soy food market research report provides a comparative analysis of Thailand’s value and volume shares in the Asia-Pacific and global dairy & soy food sector. It offers an overview of the growth at a sector level and analyzes the various categories and distribution channels. Additionally, the report analyzed leading companies in the Thai dairy & soy food sector in 2021.

Thailand Dairy and Soy Food Market Size

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Key Categories of Thailand Dairy and Soy Food Market

The Thailand dairy & soy food market’s key categories are butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, grain, nut, rice, seed milk alternatives, milk, soymilk & soy drinks and yogurt. Milk was the largest category, followed by soymilk & soy drinks and drinkable yogurt. The drinkable yogurt category is expected to gain the maximum market share in value terms​ during the forecast period.

Thailand Dairy and Soy Food Market, by Categories

Thailand Dairy and Soy Food Market, by Categories

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Key Distribution Channel of Thailand Dairy and Soy Food Market

The key distribution channel in Thailand’s dairy and soy food market are hypermarkets & supermarkets, food & drinks specialists, convenience stores, and cash & carries and warehouse clubs​. Hypermarkets & supermarkets was the largest distribution channel in the Thailand dairy & soy food sector.

Thailand Dairy and Soy Food Market, by Distribution Channel

Thailand Dairy and Soy Food Market, by Distribution Channel

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Packaging Analysis of Thailand Dairy and Soy Food Market

The key packaging materials in the Thailand dairy & soy food sector are paper & board, rigid plastics, rigid metal, glass and flexible packaging. Paper & board was the most used pack material in the Thailand dairy & soy food sector, followed by rigid plastics and rigid metal.

Thailand Dairy and Soy Food Market, by Packaging Material

Thailand Dairy and Soy Food Market, by Packaging Material

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Key Companies of Thailand Dairy and Soy Food Market

Some of the key companies in Thailand’s dairy and soy food market are Royal FrieslandCampina N.V.​, Dutch Mill Group, Meiji Holdings Co Ltd​, Lactasoy Co.Ltd. and Nestlé​ among others.

Thailand Dairy and Soy Food Market, by Key Companies

Thailand Dairy and Soy Food Market, by Key Companies

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Thailand Dairy and Soy Food Market - Overview

Market Value (2021)  $4.2 billion
CAGR (2021-2026) > 3%
Key Categories Butter & Spreadable Fats, Cheese, Cream, Dairy-Based & Soy-Based Desserts, Drinkable Yogurt, Grain, Nut, Rice, Seed Milk Alternatives, Milk, Soymilk & Soy Drinks and Yogurt
Key Distribution Channel Hypermarkets & Supermarkets, Food & Drinks Specialists, Convenience Stores, and Cash & Carries and Warehouse Clubs
Key Packaging Material Rigid Plastics, Paper & Board, Flexible Packaging, Rigid Metal and Glass
Key Companies Royal FrieslandCampina N.V.​, Dutch Mill Group, Meiji Holdings Co Ltd​, Lactasoy Co.Ltd. and Nestlé​

Scope

  • Per capita consumption and per capita expenditure of Dairy & soy was lower in Thai than the global level but higher than the regional level.
  • Hypermarkets & supermarkets was the leading distribution channel in the Thai Dairy & soy sector
  • Paper & board was the most used pack material in the Thai Dairy & soy sector, followed by rigid plastics
  • “Kids and babies” represent the largest subset of the Dairy & soy sector in Thai

Reasons to Buy

  • Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
  • Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
  • Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
  • Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
  • The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
  • Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.

Royal FrieslandCampina N.V.
Dutch Mill Group
Meiji Holdings Co Ltd
LACTASOY CO.,LTD.
Nestlé
Yakult Honsha
Dairy Farming Promotion Organization(DPO)
Green Spot Co. Ltd.
Fonterra Co-Operative Group
The Thai Dairy Industry Co., Ltd

Table of Contents

Table of Contents

Report Scope

Executive Summary

Part 1: Market Environment

Value and Volume Share of Thailand in the Global and Asia-Pacific Markets

Growth Analysis of Thailand Compared to Other Leading Countries in the Asia-Pacific Market

PCC and PCE of Thailand Compared to Global and Asia-Pacific Market

Part 2: Sector Deep Dive

Thailand Dairy & Soy Food Sector Snapshot

Market Size Analysis

Cross-Category Comparison – Value Growth Analysis and Category Winners and Losers

Cross-Category Comparison – Volume Growth Analysis and Category Winners and Losers

Part 3: Category Deep Dive

Per Capita Consumption Analysis by Category

Market Size Analysis – Category: Butter & Spreadable Fats

Segment-Level Analysis (in Value Terms) – Butter & Spreadable Fats

Segment-Level Analysis (in Volume Terms) – Butter & Spreadable Fats

Market Size Analysis – Category: Cheese

Segment-Level Analysis (in Value Terms) – Cheese

Segment-Level Analysis (in Volume Terms) – Cheese

Market Size Analysis – Category: Cream

Segment-Level Analysis (in Value Terms) – Cream

Segment-Level Analysis (in Volume Terms) – Cream

Market Size Analysis – Category: Dairy-Based & Soy-Based Desserts

Segment-Level Analysis (in Value Terms) – Dairy-Based & Soy-Based Desserts

Segment-Level Analysis (in Volume Terms) – Dairy-Based & Soy-Based Desserts

Market Size Analysis – Category: Drinkable Yogurt

Segment-Level Analysis (in Value Terms) – Drinkable Yogurt

Segment-Level Analysis (in Volume Terms) – Drinkable Yogurt

Market Size Analysis – Category: Grain, Nut, Rice, Seed Milk Alternatives

Segment-Level Analysis (in Value Terms) – Grain, Nut, Rice, Seed Milk Alternatives

Segment-Level Analysis (in Volume Terms) – Grain, Nut, Rice, Seed Milk Alternatives

Market Size Analysis – Category: Milk

Segment-Level Analysis (in Value Terms) – Milk

Segment-Level Analysis (in Volume Terms) – Milk

Market Size Analysis – Category: Soymilk & Soy Drinks

Segment-Level Analysis (in Value Terms) – Soymilk & Soy Drinks

Segment-Level Analysis (in Volume Terms) – Soymilk & Soy Drinks

Market Size Analysis – Category: Yogurt

Segment-Level Analysis (in Value and Volume Terms) – Yogurt

Part 4: Distribution Analysis

Channel Share Analysis

Part 5: Competitive Environment

Leading Companies – Value and Volume Shares

Brand Share Analysis of Top Five Companies

Brand Share Analysis of Top Five Companies by Category

Degree of Consolidation/Fragmentation by Category

Part 6: Health & Wellness Analysis

Health & Wellness Analysis by Category

Health & Wellness Analysis by Product Attributes

Health & Wellness Analysis by Consumer Benefits

Cross Category Comparison – Products with H&W Claims Vs. Non-H&W Claims

Part 7: Packaging Analysis

Pack Material Growth Analysis

Pack Type Growth Analysis

Closure Type Growth Analysis

Primary Outer Type Growth Analysis

Part 8: Consumergraphics

Demographic Analysis

Part 9: Macroeconomic Analysis

GDP Growth and Inflation

Population Growth

Labor Market Trend

Economic Summary, Labor Market Trends, and Demographic Trends

Thailand Risk Index (GCRI) 2021

Thailand Risk Analysis – Compared to Global and Asia-Pacific Markets

Methodology

Definitions

Appendix

Table

List of Tables

Leading value categories

Fastest-growing segments (value), 2021

Cross-category comparison – by value (2016-2026)

Cross-category comparison – by volume (2016-2026)

Per capita consumption (by category), Thailand compared to Asia-Pacific and global levels (in kg), 2021

Segment-level analysis (in value terms) – butter & spreadable fats

Segment-level analysis (in volume terms) – butter & spreadable fats

Segment-level analysis (in value terms) – cheese

Segment-level analysis (in volume terms) – cheese

Segment-level analysis (in value terms) – cream

Segment-level analysis (in volume terms) – cream

Segment-level analysis (in value terms) – dairy-based & soy-based desserts

Segment-level analysis (in volume terms) – dairy-based & soy-based desserts

Segment-level analysis (in value terms) – drinkable yogurt

Segment-level analysis (in volume terms) – drinkable yogurt

Segment-level analysis (in value terms) – grain, nut, rice, seed milk alternatives

Segment-level analysis (in volume terms) – grain, nut, rice, seed milk alternatives

Segment-level analysis (in value terms) – milk

Segment-level analysis (in volume terms) – milk

Segment-level analysis (in value terms) – soymilk & soy drinks

Segment-level analysis (in volume terms) – soymilk & soy drinks

Change in distribution share, 2016-2021

Top five companies share by brand (in value and volume terms) in the dairy & soy food sector, 2021

Brand shares of top five companies (in value and volume terms) by category, 2021

Category comparison – with H&W claims and non-h&w claims, 2016-2021

Performance overview (score: 1-100)

Category data, by segment

Dairy & soy food sales distribution in Thailand – by category (THB million), 2021

Brand share (in value and volume terms) in the dairy & soy food sector, 2021

Brand share (in value and volume terms) in the dairy & soy food sector, by category, 2021

Key health & wellness product attributes driving sales in Thailand, 2016-2026

Key health & wellness consumer benefits driving sales in Thailand, 2016-2026

Pack material (in million pack units), 2016-2026

Pack materials by category (in million pack units), 2021

Pack type (in million pack units), 2016-2026

Pack types by category (in million pack units), 2021

Closure type (in million pack units), 2016-2026

Closure types by category (in million pack units), 2021

Primary outer type (in million pack units), 2016-2026

Primary outer types by category (in million pack units), 2021

Real GDP and annual growth (%), 2018-2026

Nominal GDP and annual growth (%), 2018-2026

Consumer price inflation (%), 2018-2026

Employed people and unemployment rate (%), 2018-2026

Nominal household final consumption expenditure and annual growth (%), 2018-2026

Population and annual growth (%), 2018-2026

Population by age group (%)

Population by gender (%)

Population by rural-urban split (%)

Exchange rates, 2016-2026

Figures

List of Figures

Value and volume share of Thailand in the global and Asia-Pacific dairy & soy food sector, 2021-2026

Thailand compared to the other top countries in terms of market share, growth, and competitive landscape

PCC comparison – Thailand, Asia-Pacific, and global, 2016-2026

PCE comparison – Thailand, Asia-Pacific, and global, 2016-2026

Market size and growth analysis by value and volume, dairy & soy food sector, 2016-2026

Cross-category comparison – value growth analysis and category winners and losers

Cross-category comparison – volume growth analysis and category winners and losers

Market size and growth analysis by value and volume, butter & spreadable fats category, 2016-2026

Market size and growth analysis by value and volume, cheese category, 2016-2026

Market size and growth analysis by value and volume, cream category, 2016-2026

Market size and growth analysis by value and volume, dairy-based & soy-based desserts category, 2016-2026

Market size and growth analysis by value and volume, drinkable yogurt category, 2016-2026

Market size and growth analysis by value and volume, grain, nut, rice, seed milk alternatives category, 2016-2026

Market size and growth analysis by value and volume, milk category, 2016-2026

Market size and growth analysis by value and volume, soymilk & soy drinks category, 2016-2026

Market size and growth analysis by value and volume, yogurt category, 2016-2026

Share of key distribution channels (in value terms) – dairy & soy food, 2021

Key distribution channel share by category (in value terms), 2021

Leading companies (in value and volume terms) in the dairy & soy food sector, 2021

Category-wise consolidation/fragmentation (in value terms) – dairy & soy food , 2021

Prominence of health & wellness claims by category, $ million, 2016-2021

Contribution of health & wellness by product attributes, $ million, 2016-2021

Contribution of health & wellness by consumer benefits, $ million, 2016-2021

Key pack materials in the Thai dairy & soy food sector by percentage share of pack units, 2021

Annual growth rate by key pack material, 2016-2026

Use of pack material by category (in pack units), 2021

Key pack types in the Thai dairy & soy food sector by percentage share of pack units, 2021

Annual growth rate by key pack type, 2016-2026

Use of pack type by category (in pack units), 2021

Key closure types in the Thai dairy & soy food sector by percentage share of pack units, 2021

Annual growth rate by key closure type, 2016-2026

Use of closure type by category (in pack units), 2021

Key primary outer types in the Thai dairy & soy food sector by percentage share of pack units, 2021

Annual growth rate by key primary outer type, 2016-2026

Use of primary outer type by category (in pack units), 2021

Demographic analysis

Real GDP (THB billion) and annual growth (%)

Nominal GDP (THB billion) and annual growth (%)

Consumer price inflation (%)

Nominal household final consumption expenditure growth (%) in THB terms

Population (million) and annual growth (%)

Population by age group (%)

Population by gender (%)

Population by rural-urban split (%)

Employed people (million) and unemployment rate (%)

Economic summary, labor market trends, and demographic trends

Five lowest-risk nations in GCRI Q4 2021

Five highest-risk nations in GCRI Q4 2021

Thailand’s performance in country risk analysis in comparison to Asia-Pacific and the world

List of 109 countries analyzed to identify the high-potential countries in different regions

Frequently asked questions

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