Thailand Pasta & Noodles – Market Assessment and Forecasts to 2025
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The pasta & noodles market in Thailand was valued at $1.3 billion in 2020 and the market is projected to grow at a CAGR of more than 4% during 2021-2025. The Thai pasta & noodles market accounted for a value share of 1.9% and 3.4%, respectively, in the global and Asia-Pacific markets in 2020. The value share of Thailand in the global pasta & noodles market is expected to remain constant, however, the country’s share at the regional level is expected to increase by 2025. The volume share of Thailand in the global pasta & noodles market is expected to remain constant, however, the country’s share at a regional level is expected to decrease by 2025.
Overview of pasta & noodles market in Thailand
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What are the market dynamics of the Thai pasta & noodles market?
The distribution channels in the Thai pasta & noodles market include convenience stores, hypermarkets & supermarkets, food & drinks specialists, e-retailers, cash & carries and warehouse clubs, and others. Hypermarkets & supermarkets is the leading distribution channel in the Thai pasta & noodles market. It accounted for a value share of more than 75% of the distribution channels followed by convenience stores, and e-retailers.
In the dried & instant noodles category, the top three companies accounted for a combined value share of more than 80% in 2020. However, the top three companies in the dried pasta category accounted for a value share of over 75% which is below the average share of almost 80%, across the categories.
The key pack materials in the Thai pasta & noodles market include flexible packaging, rigid plastics, and paper & board. Flexible packaging is the leading material used in the Thai pasta & noodles market, which accounted for a share of more than 90% in 2020, followed by paper & board, and rigid plastics. The chilled noodles and dried & instant noodles category uses flexible packaging for all its products.
What are the key categories of the Thailand’s pasta & noodles market?
The key categories in the Thai pasta & noodles market include chilled noodles, chilled pasta, dried & instant noodles, and dried pasta.
Dried & instant noodles was the largest category in both volume and value sales, in 2020 followed by dried pasta, and chilled noodles. The dried & instant noodles category is also forecast to register the fastest value growth during 2020-2025, followed by dried pasta, and chilled pasta. Similarly, the dried pasta category is forecast to register the fastest volume growth during 2020-2025, followed by chilled pasta, and dried & instant noodles.
In terms of per capita consumption, dried & instant noodles led the Thai pasta & noodles market in 2020, followed by dried pasta and chilled noodles. Furthermore, per capita consumption of dried & instant noodles was higher in Thailand when compared to both global and regional averages in 2020. However, per capita consumption of chilled noodles, chilled pasta, and dried pasta, was lower in Thailand when compared to both the global and regional averages during the same period.
Thailand pasta & noodles market, key categories
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Which are the major companies in the Thailand’s pasta & noodles market?
The leading companies by value in 2020 include Thai President Foods Public Company Limited., Thai Preserved Food Factory Co., Ltd., Wan Thai Foods Industry Co., Ltd, Thai Wah Food Products Pcl, and Colussi Group. The Thai President Foods Public Company Limited., S.A., Thai Preserved Food Factory Co., Ltd., and Wan Thai Foods Industry Co., Ltd are the top three companies in the Thai pasta & noodles sector.
Thailand pasta & noodles market, key players
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Market report scope
Market Size (Year – 2020) | $1.3 billion |
Growth | CAGR >4% during 2021-2025 |
Forecast Period | 2021-2025 |
Key Companies | Thai President Foods Public Company Limited., Thai Preserved Food Factory Co., Ltd., Wan Thai Foods Industry Co., Ltd, Thai Wah Food Products Pcl, and Colussi Group |
Key Categories | Chilled Noodles, Chilled Pasta, Dried & Instant Noodles, and Dried Pasta |
Scope
This report provides an overview of the Thai pasta & noodles market. It provides:
- Per capita consumption and per capita expenditure of pasta & noodles was higher in Thailand than both the global and regional levels in 2020.
- The Thai pasta & noodles sector is forecast to register overall value growth of 27.7%, during 2020-2025.
- The per capita consumption of dried & instant noodles was higher than other pasta & noodles categories in Thailand in 2020.
- Hypermarkets & supermarkets was the leading distribution channel in the Thai pasta & noodles sector, with a value share of 77.9% in 2020.
- Flexible packaging accounted for a share of 99.98% of the Thai pasta & noodles sector, in 2020.
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 an economic summary of the country along with the labor market and demographic trends.
Thai Preserved Food Factory Co.,Ltd.
Wan Thai Foods Industry Co.,Ltd
Thai Wah Food Products Pcl
Colussi Group
Nissin Food Holdings Co. LTD
Unilever
San Remo Macaroni Company Pty Ltd
Balducci`s
Pasta Berruto S.P.A
Table of Contents
Table
Figures
Frequently asked questions
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What was the market size of the Thai pasta & noodles market in 2020?
The market size of the Thai pasta & noodles market was valued at $1.3 billion in 2020.
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What is the growth rate of the Thai pasta & noodles market?
The Thai pasta & noodles market is expected to grow at a CAGR of more than 4% during 2021-2025.
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What are the key categories of the Thai pasta & noodles market?
The key categories in the Thai pasta & noodles market include chilled noodles, chilled pasta, dried & instant noodles, and dried pasta.
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Which are the major companies in the Thai pasta & noodles market?
The leading companies in the Thai pasta & noodles market are Thai President Foods Public Company Limited., Thai Preserved Food Factory Co., Ltd., Wan Thai Foods Industry Co., Ltd, Thai Wah Food Products PCL, and Colussi Group.
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