Key regions: India, United States, Russia, South Korea, Japan
The Eggs Market in Thailand has seen minimal growth due to various factors such as limited adoption of digital technologies, low health awareness among consumers, and lack of convenience in online egg services.
Customer preferences: As health and wellness continue to gain importance among consumers in Thailand, the demand for organic and cage-free eggs is on the rise. This trend is driven by a growing awareness of the potential health benefits of consuming eggs from free-range hens. Additionally, there is a shift towards locally-sourced eggs, as consumers prioritize supporting local farmers and reducing their carbon footprint. This has led to an increase in small-scale egg production and sales, providing opportunities for local farmers and promoting sustainable agriculture practices.
Trends in the market: In Thailand, the Eggs Market within the Dairy Products & Eggs Market is experiencing a surge in demand due to the rising popularity of high-protein diets and increasing health consciousness among consumers. This has led to a growing trend of incorporating eggs into various dishes, from breakfast to desserts. Furthermore, there is a growing market for organic and free-range eggs, driven by consumers' preference for ethically-sourced and environmentally-friendly products. This trend is expected to continue, as more consumers prioritize healthy and sustainable food choices. Industry stakeholders can capitalize on this trend by expanding their product offerings and investing in sustainable and ethical production methods.
Local special circumstances: In Thailand, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's tropical climate and Buddhist culture. As a predominantly Buddhist country, the consumption of eggs is limited to non-vegetarian dishes, creating a unique demand for eggs in traditional Thai cuisine. Additionally, Thailand's warm climate allows for year-round egg production, resulting in a steady supply and competitive pricing. The government's strict regulations on egg imports also play a significant role in shaping the market dynamics, promoting domestic production and supporting local farmers.
Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Thailand is influenced by macroeconomic factors such as economic growth, consumer spending, and government policies. Thailand's stable economic growth and rising disposable income have resulted in increased demand for dairy products and eggs. Moreover, the government's focus on promoting a healthy lifestyle and implementing food safety regulations has further boosted the growth of the market. Additionally, the growing tourism industry in Thailand has also contributed to the demand for dairy products and eggs, as the country's cuisine and food culture are major attractions for tourists.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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