27 Sep 2024
Industry
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17 Mar 2022
KResearch expects that food and beverage (F&B) spending in the country during 2022 will reach THB2.57-2.59 trillion, an increase of 1.9-2.7 percent, against the 2.5 percent growth reported for 2021. The increase will be supported by a 3.1 percent rise in their prices in line with elevated processing costs foreseen during most of the year as a result of instability in Ukraine that has precipitated supply-chain bottlenecks in global markets.... Read more
9 Aug 2021
Alternative proteins, which are among food techs, have emerged as one of the top consumer trends and thrived over the past few years. KResearch is of the view that the alternative protein market in Thailand is set to grow in the future as such products are now available through numerous channels while there has been growing demand from flexitarians, and those who want to reduce meat consumption. However, consumers’ decision to purchase alternative proteins is being affected by murky economic conditions and eroding purchasing power due to the ongoing COVID-19 pandemic, plus numerous choices of food products available in the market at varying prices. Additionally, prices of alternative proteins are relatively high. ... Read more
5 Jun 2020
The spread of COVID-19 and a labor shortage have pushed the food processing industry, which is extremely labor intensive, to consider increased usage of automation. Apart from lowering production risks that are associated with manual labor, the system plays a part in raising safety standards in food production, especially by achieving high standards of contamination prevention like the Hazard Analysis and Critical Control Point (HACCP) method to correspond with consumers’ higher expectations towards food safety that will likely exist after COVID-19 subsides. ... Read more
12 Dec 2019
We at KResearch view that turnover in the ready-to-eat food market may reach THB20.2-20.5 billion, increasing 3.0-5.0 percent YoY in 2020, thanks to the diversity of new products developed by related entrepreneurs as a result of heightened competition. Meanwhile, the domestic food and beverage market will likely grow only 2.4-4.4 percent YoY to THB2.46-2.51 trillion in 2020. ... Read more
28 Jun 2019
The “Green business trend” has prompted many countries to introduce campaigns to reduce the use of plastics which are not easily degradable, especially single-use plastics for food and beverage packaging. Therefore, renewable materials, namely bioplastics have seen a rapid growth with an average compound growth rate (CAGR) of 30 percent versus an annual growth rate of conventional plastics of only 3 percent. KResearch views that polylatic acid (PLA) pellets will substitute for the use of plastics derived from petro-based polymers in the production of food and beverages packaging and the bioplastic market will be expanding from Europe and the US to the Asian region, driven by the movement to reduce the use of plastics and to change consumer behavior.... Read more
22 May 2019
Food delivery applications are an example of ‘digital disruption’, in which digital technology transforms not only consumer behavior but also restaurants’ food supply chains. Additionally, food ordering apps have propelled the food delivery business to enjoy an annual growth rate of over 10 percent from 2014-2018, higher than the expansion rate of the restaurant business in the same time, at only 3-4 percent per year. ... Read more
7 Sep 2018
The mooncake market in 2018 is estimated to enjoy an increase by 3.3 percent YoY to reach THB930 million after the sales registered a status quo in 2017. The demands are driven by customers’ desire to buy mooncakes for their personal consumption or presenting them as gifts to others. This year, mooncake prices have gone up because of higher costs for packaging designs and different flavors; these are the two elements that have become more crucial in boosting mooncake sales in lieu of the customers’ desire to follow the old tradition of worshiping the moon. The disappearing tradition during the Mid-Autumn Festival has been modified to fit the changing times.... Read more
8 Jun 2018
The FIFA World Cup is one of the top sporting events that attracts a fair amount of Thai viewers. A survey conducted by KResearch recently on behavior of the Thai audience and their spending during the 2018 FIFA World Cup to be held in Russia, June 14-July 2018, shows that some 10.96 million Thai people intend to watch the competition this time around. That number of viewers is higher than the 2014 FIFA World Cup. This is thanks to the fact that all the 64 matches will be broadcast live via free digital TV channels and all of the teams that qualified for the finals in Russia have a large Thai fan base. ... Read more
31 May 2017
The salt intake of the Thai population is now double our daily requirement, and this consumption has caused physical maladies, leading to risk of h... Read more
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