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8 Aug 2024

Industry

Thai pet food exports projected to surge 19.5% in 2024 Thailand should penetrate premium market as consumers in this segment are willing to pay more (Current Issue No.3515 Full Ed.)

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Thai pet food exports projected to surge 19.5% in 2024 Thailand should penetrate premium market as consumers in this segment are willing to pay more 
  • KResearch expects that the value of Thai pet food shipments will reach USD2.5 billion in 2024, an increase of 19.5 percent, against the contraction of 15.0 percent reported for 2023.
  • Thai pet food exporters should penetrate the premium market as consumers in this segment are willing to pay more. In so doing, they will be able to mitigate risks stemming from increased competition and more stringent environmental and sustainability standards in trade.

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Industry