Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in Thailand is experiencing negligible growth, influenced by factors such as increasing health consciousness and the convenience of online services. This trend is driving the market's growth in The Food market in Thailand.
Customer preferences: Consumers in Thailand have shown a growing interest in plant-based and vegan dairy alternatives, fueled by health consciousness and environmental concerns. This trend has led to a rise in the availability and variety of dairy-free options in the market, including soy and almond milk, coconut yogurt, and cashew-based cheese. With the country's increasing vegetarian and vegan population, this trend is expected to continue to gain momentum in the coming years.
Trends in the market: In Thailand, the Other Dairy Products & Eggs Market is seeing an increase in demand for organic and plant-based alternatives, driven by health-conscious consumers. This trend is expected to continue as consumers become more aware of the environmental and ethical implications of their food choices. Additionally, there is a rise in the use of e-commerce platforms for purchasing dairy products and eggs, providing convenience and accessibility for consumers. These trends have significant implications for industry stakeholders, who must adapt to changing consumer preferences and invest in sustainable and innovative production methods to remain competitive in the market.
Local special circumstances: In Thailand, the Other Dairy Products & Eggs Market is heavily influenced by the country's Buddhist culture and dietary preferences. As a result, there is a high demand for vegetarian and plant-based dairy alternatives. Additionally, government regulations on dairy imports have led to the growth of local dairy production, creating a unique market for locally sourced dairy products. The market is also impacted by Thailand's tropical climate, driving the popularity of chilled and frozen dairy products.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market in Thailand is heavily influenced by macroeconomic factors such as the country's economic growth, consumer spending, and government policies. The growth of the market is also impacted by global economic trends and trade policies, as Thailand is a major exporter of dairy products and eggs. Additionally, changes in consumer preferences towards healthy and organic food products and the rising demand for convenience foods are driving the growth of this market. Moreover, government initiatives to promote domestic production of dairy products and eggs, along with increasing investments in the food processing industry, are expected to further boost market growth. These favorable macroeconomic factors, combined with a growing population and increasing disposable income, are expected to drive the growth of the Other Dairy Products & Eggs Market in Thailand.
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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