Thailand Meat Market Analysis and Forecasts, 2015-2025 – Analyzing Product Categories and Segments, Distribution Channel, Competitive Landscape, Packaging and Consumer Segmentation
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The meat market in Thailand was valued at $4,481.5 million in 2020 and is projected to register a growth of more than 2%, during the forecast period 2021 to 2025. Fresh meat (counter) was the largest category in 2020, followed by chilled raw packaged meat – whole cuts, frozen meat, chilled raw packaged meat – processed, ambient meat, cooked meats – packaged, and cooked meats – counter. In Thailand, consumption of meat is higher among females than males. Flexible packaging is the most used pack material in the Thai meat sector, followed by flexible packaging and rigid metal. Food & drinks specialists was the largest distribution channel in the Thai meat sector.
Overview of the meat market in Thailand
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What are the market dynamics in the meat market in Thailand?
In 2020, fresh meat (counter) was the leading category in volume terms, while the ambient meat category is forecast to register the fastest volume growth during 2020-2025. The chilled raw packaged meat category is expected to gain the most market share in volume terms during the forecast period. Thailand accounted for a value and volume share of 0.8% and 1.4%, respectively, in the Asia-Pacific meat sector in 2020. Thailand also ranks second in terms of fragmentation when compared to the leading countries in the region, with the top five companies accounting for a share of more than 4% in 2020.
What are the category classifications in the Thailand meat market?
Fresh meat (counter) led the Thai meat sector in terms of per capita consumption in 2020, followed by chilled raw packaged meat – whole cuts and frozen meat respectively. However, per capita consumption of frozen meat was higher in Thailand compared to regional and was lower than the global level in the same year. Furthermore, per capita consumption of ambient meat, chilled raw packaged meat – processed, chilled raw packaged meat – whole cuts, cooked meats – counter, cooked meats – packaged and fresh meat (counter) was lower in Thailand than both the global and the regional levels in the same year.
Meat market in Thailand, by category
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Who are the major players in the Thailand meat market?
In 2020, Betagro Co. Ltd led the meat market of India followed by, Saha Farms Company, Thai – German Meat Product Company Limited, Smart Eat, and Hi-Q Food Products Company Limited. Betagro Co., Ltd accounted for a value share of more than 2% in 2020.
Meat market in Thailand, by key players
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Market report scope
Market size (Year – 2020) | $4,481.5 million |
Growth rate | CAGR of >2% from 2021 to 2025 |
The base year for estimation | 2020 |
Forecast Period | 2021-2025 |
Segmentation by category | Fresh Meat (Counter), Chilled Raw Packaged Meat-Whole Cuts, Chilled Raw Packaged Meat – Processed, Ambient meat, Frozen meat, Cooked meats – packaged, and Cooked meats – counter |
Key players | Betagro Co. Ltd, Saha Farms Company, Thai – German Meat Product Company Limited, Smart Eat, and Hi-Q Food Products Company Limited |
Scope
The report provides an in-depth analysis of the following:
- Per capita consumption and per capita expenditure of meat were lower in Thailand than at both the global and regional levels in 2020.
- Thai consumers’ spending pattern remains unchanged in the meat sector.
- The per capita consumption of fresh meat (counter) was higher than other meat categories in Thailand in 2020.
- Brands are growing at a higher CAGR than private labels in the Thai meat sector.
- Thailand’s large working-class populace is shrinking against an expanding elderly populace
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 has 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 an economic summary of the country along with the labor market and demographic trends.
Saha Farms Company
Thai - German Meat Product Company Limited.
Smart Eat
Hi-Q Food Products Company Limited
Mae Ploy
Charoen Pokphand Group
Hormel Foods Corporation
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Frequently asked questions
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What is the market size of Thailand's meat market in 2020?
The market size of Thailand’s meat market was valued at $4,481.5 million in 2020.
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What is the growth rate of Thailand’s meat market?
The Thailand meat market is expected to grow at a CAGR of more than 2% from 2021 to 2025.
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What are the key categories in Thailand meat market?
Key categories in the Thailand meat market include fresh meat (counter), chilled raw packaged meat – whole cuts, chilled raw packaged meat – processed, ambient meat, frozen meat, cooked meats – packaged, and cooked meats – counter.
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Who are the key players in Thailand meat market?
The key players in the Thailand meat market are Betagro Co. Ltd., Saha Farms Company, Thai – German Meat Product Company Limited, Smart Eat, and Hi-Q Food Products Company Limited.
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