Thailand Frozen Foods Market is Expected to Reach Over THB 147 Billion by 2022: Ken Research

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Ken Research

04 Jul, 2018, 15:00 BST

GURUGRAM, India, July 4, 2018 /PRNewswire/ --

Key Takeaways from Ken Research Report Titled, Thailand Frozen Food Market Outlook to 2022 

  • Increasing number of trading partners coupled with strong export demand for processed seafood and meat dishes from major countries such as Japan, Australia, China, Korea, US, EU, Middle East and other Southeast Asian countries are further anticipated to drive the demand for frozen seafood and meat products.
  • Various brands in Thailand have started using natural and alternative sweetener blends for instance, thick organic stevia and cane sugar in order to lighten the sugar content in sweet dessert treats.
  • Frozen vegetarian ready meal options are likely to boost the demand for Thailand frozen foods market over long term.
  • Rising demand for diverse fruits with distinct flavor especially Mangosteen, durians and longans are also expected to boost the market revenues for processed fruits and vegetables in Thailand in near future.

Thailand frozen foods market is poised to grow on account of burgeoning end-users demand including hotels, restaurants, commercial offices, hospitals, quick service joints and others. Leading frozen food manufacturers in Thailand have started to invest towards expanding their production capacity in order to meet the ever-growing demand for frozen foods in the country.

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The growing awareness of healthy nutritional requirements of children among different age groups have made Thai companies to majorly focus towards creating healthy frozen snacks that could easily defrost in a lunch box or school bag. For instance, omega enhanced frozen fish products and protein rich frozen chicken products can satisfy the healthy fats and protein needs of children. Moreover, initiatives taken up by the government of Thailand to organize fishery improvement projects will be responsible for the future growth and expansion of frozen seafood. For instance, Thai government's tie-up with Sustainable Fisheries Partnership (SFP), a US-registered nonprofit that operates globally to rebuild depleted fish stocks has improved Thailand's access to information in order to guide responsible seafood sourcing.

Analysts at Ken Research in their latest publication "Thailand Frozen Foods Market Outlook to 2022 - By Type of Frozen Foods (Frozen Seafood and Meat, Frozen Ice-Cream and Desserts, Frozen Ready-to-Eat Meals and Frozen Processed Fruits and Vegetables) and By Cities (Bangkok, Phuket, Pattaya, Chiang Mai and Others)" believe that discovering quick and healthy frozen meal solutions, developing a repair and maintenance system for cold chain equipments, increasing product portfolio, focusing on quality standard of frozen foods, marketing and promotion of healthy frozen food items and collaboration with end user segments will create a positive impact on the market.

Thailand frozen foods market is expected to register a positive CAGR of 5.9% during the forecast period 2017-2022E. The market is further expected to be driven by increasing usage of canned foods and online retailing in Thailand. As a result, it has boosted the demand for Thai frozen products across the globe and will continue to do the same over long term.

Tags 

  • Frozen Foods Market in Thailand
  • Sea Food Market Thailand
  • Thailand Frozen Food Manufacturers
  • Southeast Asia Frozen Foods Market
  • Thailand Frozen Foods Industry Stage
  • Thailand Frozen Foods Market Trends
  • Key Food Retailers in Thailand
  • Thailand Frozen Seafood Meat Market
  • Thailand Frozen Ice-Cream Market
  • Thailand Frozen Ready to Eat Meals Market
  • Thailand Processed Fruits and Vegetables Market
  • Frozen Processed Fruits and Vegetables in Thailand
  • Number of Food Stores in Thailand
  • Thailand Frozen Foods Industry Structure
  • Major Players Thailand Frozen Foods
  • Major Thai Players Frozen Seafood and Meat
  • Frozen Ice-Cream and Desserts Sales Thai
  • Thailand Frozen Ready-to-Eat Meals Sales
  • Demand Frozen Food Thailand
  • Thailand Frozen Processed Fruits Competition
  • Thailand Frozen Foods Export
  • Food Festivals in Thailand
  • Trend Frozen Packaged Ready Meals Thai
  • Bangkok Frozen Food Sales
  • Ice Cream Sales in Thailand
  • Frozen Meat Sales Thailand
  • Charoen Pokphand Foods Sales Thailand
  • Thai Frozen Foods Revenue
  • Food Culture in Major Cities of Thailand

Products Covered: 

  • Thailand frozen seafood and meat market segmentation by product type (chilled or frozen chicken, frozen shrimp, frozen fish and frozen squid)
  • Type of distribution channel (hypermarkets, independent small grocers, supermarkets, convenience stores, forecourt retailers, other grocery retailers and internet retailing)
  • Thailand frozen ice-cream and desserts market segmentation by type of impulse (single portion dairy ice-cream, single portion water ice-cream and take home)
  • Type of ice-cream (premium ice-cream and standard ice-cream)
  • Type of distribution channel (convenience stores, hypermarkets, supermarkets, forecourt retailers, independent small grocers and other grocery retailers)
  • Thailand frozen ready-to-eat meals market segmentation
  • Type of distribution channel (convenience stores, hypermarkets, supermarkets, other grocery retailers, forecourt retailers, internet retailing and independent small grocers)
  • Thailand processed fruits and vegetables market segmentation by type of food (shelf-stable and frozen fruits and vegetables)
  • Type of distribution channel (hypermarkets, supermarkets, independent small grocers and other grocery retailers).

Companies Covered:  

Frozen Seafood and Meat    

•    Charoen Pokphand Group

•    Hi-Q Food Products Co Ltd

•    Royal Food Co Ltd

•    Prantalay Marketing Co Ltd

•    Kuang Pei San Food Products PCL

•    S Khonkaen Foods PCL

•    Thai Union Frozen Products PCL

•    Surapon Foods PCL

•    Belucky Ltd

Frozen Ice-Cream and Desserts    

•    Unilever Group

•    Nestlé SA

•    Glico

Frozen Ready-to-Eat Meals    

•    Charoen Pokphand Group

•    S & P Syndicate PCL

•    Unilever Group

•    Prantalay Marketing Co Ltd

•    Saha Pathana PCL

•    Thai Ha Co Ltd

•    Alfredo Enterprise Co Ltd

Processed Fruits and Vegetables 

•    Malee Sampran Plc

•    Universal Food PCL

•    Talley's Frozen Foods Ltd

•    Hi-Q Food Products Co Ltd

•    Peace Canning (1958) Co Ltd

•    Doi Kham Food Product Co Ltd

•    ConAgra Brands Inc

For More Information, Refer to the Link below:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/thailand-frozen-foods-market/149659-11.html

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Ankur Gupta
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SOURCE Ken Research