Showing posts with label Southeast Asia Frozen Foods Market. Show all posts
Showing posts with label Southeast Asia Frozen Foods Market. Show all posts

Wednesday, June 13, 2018

Increasing Usage of Canned Products in Thailand has created additional demand for frozen seafood, meat as well as processed fruits and vegetables in the Thailand: Ken Research


Thailand frozen foods industry experienced high growth in terms of market revenues majorly due to high sales of chilled cannedproducts, especially seafood including different fish types and other processed fruits and vegetables.
The report titled 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)by Ken Research suggested a growth at a noteworthy six year CAGR of 5.9% in terms of revenue in Thailand frozen foods market over the forecast period 2017-2022E.
Growing health consciousness coupled with rising protein needs among Thai consumers have led to increasing usage of canned foods in the country. Some of the major selling canned seafood includes canned tuna, sardines, mackerel, salmon, shrimp, crabs and others.

Thailand is one of the major seafood exporters in the world, largely exporting shrimp products, thereby leading to additional demand for canned seafood products in the country. On the other hand, canned pineapple among frozen processed fruits in Thailand was sold both domestically as well as internationally in order to match the rising export demand from US, EU and other southeast nations.
The changing urban lifestyle of Thai consumers, especially in the country’s capital city Bangkok has been driving the demand for packaged convenient foods (including chilled canned products) as they are stored for a longer period of time. Additionally, Thai rural areas are turning into industrial clusters, as a result of which family members have to work outside therefore; demand for convenient packaged food options was observed to rise.

Thai food processors are successfully developing new frozen food formats in order to keep up with changing tastes and preferences in their overseas market. The ready-to-eat segment is gaining popularity in the country and is readily available in major Thai hypermarkets and supermarkets such as Tesco Lotus, Makro, Big C, Foodland; The Mall Group and Tops. In addition, online ordering was also witnessed to create a surge in demand for chilled canned products in the country.
Thailand processed fruits and vegetables market in 2017 was observed to be moderately concentrated and has a minimum of 30 companies manufacturing and distributing both shelf stable as well as frozen fruits and vegetables. Majority of these companies are located in outer Bangkok, and also in the production areas of Rayong, Chantaburi; Chiang Mai and Lampoon regions.

For more information on the research report, refer to below link:

Related Reports By Ken Research:



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Thailand Frozen Foods Market Outlook to 2022-Ken Research


The report titled 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) focuses on overall market size for overall frozen foods in Thailand, market segmentation 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). Thailand frozen seafood and meat market size and segmentation by product type (chilled or frozen chicken, frozen shrimp, frozen fish and frozen squid) and by 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 size and segmentation by type of impulse (single portion dairy ice-cream, single portion water ice-cream and take home), by type of ice-cream (premium ice-cream and standard ice-cream) and by type of distribution channel (convenience stores, hypermarkets, supermarkets, forecourt retailers, independent small grocers and other grocery retailers); Thailand frozen ready-to-eat meals market size and market segmentation by type of distribution channel (convenience stores, hypermarkets, supermarkets, other grocery retailers, forecourt retailers, internet retailing and independent small grocers); and Thailand processed fruits and vegetables market size, market segmentation by type of food (shelf-stable and frozen fruits and vegetables) and type of distribution channel (hypermarkets, supermarkets, independent small grocers and other grocery retailers). The report also covers the overall competitive landscape; government role and regulations, porter’s five forces model, trends and developments. The report concludes with market projections for future for overall frozen foods market, by segments described above and analyst recommendations highlighting the major opportunities and cautions for overall Thailand frozen foods market.
Thailand Frozen Foods Market Overview and Size
Thailand’s exposure to international food products (prepared / processed) has transformed a consumer’s lifestyle including their attitude towards food and consumption patterns. The demand for food products in Thailand was witnessed to shift to processed foods and packaged ready-to-eat meals, which are majorly available in large supermarkets and convenience stores. Thailand frozen foods market revenue generation slowed down after 2012 owing to the country’s political turmoil and high oil prices, thereby reducing the volume of production for frozen products, sales and margin levels for producers, retailers as well as restaurants in Thailand. Easy convenience offered by frozen products especially frozen ready meals, frozen seafood and frozen fruits and vegetables owing to innovations in freezing technologies helps to provide an extended shelf life. Some of the major players operating in Thailand frozen seafood and meat market include Thai Union group, CP Foods PCL, SK Foods PCL, Kuang Pei San Food Products PCL and Prantalay Marketing Ltd. Thai companies were observed to add more food options to their menu’s continually, thereby driving the demand for frozen foods in the country.
Thailand Frozen Foods Market Segmentation
By Types of Frozen Foods
The frozen seafood and meat segment dominated Thailand frozen foods market in the year 2017 majorly due to the rising consumption of seafood as well as meat in the country. The growing trend of using canned products especially canned tuna, sardines and mackerel have also led to increase in supply for frozen seafood in Thailand. Some of the leading brands for canned seafood products include Sealect, Ayam, Three Lady Cooks and others. The frozen seafood and meat segment was followed by frozen ice-cream and desserts, frozen ready-to-eat meals and processed fruits and vegetables segments in Thailand.
By Cities
Bangkok region dominated the country’s frozen foods industry in the year 2017. The demand for convenient packaged foods such as frozen seafood and meat was witnessed to rise owing to increasing consumer preference for pre-cooked products. In accordance with Slipakorn University’s research, the number of petrol stations in Bangkok region selling frozen ready-to-eat meals was increasing. It was followed by Phuket, Pattaya, Chiang Mai and other regions such as Hat Yai, Chiang Rai, Khon Kaen and Hua Hin in Thailand frozen foods market in the year 2017.
Thailand Frozen Seafood and Meat Market
Thailand frozen seafood and meat market revenues were observed to took a fall over the review period 2012-2017 owing to falling farmed shrimp supplies in the country. The frozen chicken segment was witnessed to dominate Thailand frozen seafood and meat market, followed by frozen shrimps, frozen fish and frozen squid in the year 2017. 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 over the forecast period 2017-2022E.
Thailand Frozen Ice-Cream and Desserts Market
The frozen ice-cream and desserts market within Thailand showcased limited growth potential by generating limited revenues in overall Thailand frozen foods market in the year 2017. Along with the entry of foreign giants in Thailand such as Blue Bell Creameries, General Mills, Mars, Nestle, Lotte Confectionery and Unilever has led to increase in the production and well as imports of frozen ice-cream products. Surging health consciousness among Thai people coupled with growing demand for reduced fat, light, soft, no sugar added, lactose-free, gluten free and organic ice-cream in the country will further drive the market in near future.
Thailand Frozen Ready-To-Eat Meals Market
Thai people who are accustomed to hectic lifestyles were observed to purchase ready-to-eat meals more often especially in Bangkok and other urban areas. Additionally, the convenience offered by packaged ready meals has benefitted consumers in tackling their busy schedules. Frozen vegetarian ready meal options are likely to boost the demand for Thailand frozen foods market in near future.
Thailand Processed Fruits and Vegetables Market
The processed fruits and vegetables market in Thailand is in growing stage, thereby generating minimum revenues in overall Thailand frozen foods market. The market is further segmented into shelf stable and frozen fruits and vegetables where the shelf stable category established itself a market leader in Thailand. 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.
Comparative Landscape in Thailand Frozen Foods Market
Thailand frozen seafood and meat market was witnessed to be highly fragmented with manufacturing companies who process and export a wide variety of seafood and meat products, including basic raw frozen products to semi-processed and value added products whereas; the frozen ice-cream and desserts segment in Thailand was observed to be highly concentrated with the presence of major players such as Unilever Thai Trading Ltd, Nestle Thailand Ltd and Glico Frozen (Thailand) Company Limited. On the other hand, Thailand frozen ready-to-eat meals market was observed to be highly fragmented in the year 2017 on account of several frozen packaged ready meal types including frozen ready-to-eat seafood, chicken, other meats, processed fruits and vegetables and other snacks such as crisps, bread crumbs and boxed food in variety of menus. Lastly, Thailand processed fruits and vegetables market in 2017 was observed to be moderately concentrated with companies manufacturing and distributing both shelf stable as well as frozen fruits and vegetables. Majority of these companies are located in outer Bangkok, and also in the production areas of Rayong, Chantaburi; Chiang Mai and Lampoon regions.
Thailand Frozen Foods Market Future Outlook and Projections
Thailand frozen foods market will prepare itself to meet the future demand expected from significant investment proposed in the country’s food processing segment. Increasing consumption of food culture blends for instance, Japanese sushi and frozen surimi products such as fish balls, crab sticks, hanpen, kamaboko coupled with wide usage of Thai spices was witnessed in the country. The surging trend is further expected to attract more foreign tourists, thereby driving the demand for frozen surimi products in the future. Increasing demand for processed and ready-to-eat options coupled with growing number of retail outlets in the country are also expected to drive the demand for frozen meat, poultry and seafood products over long term.
For more information on the research report, refer to below link:
Related Reports By Ken Research:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com
+91-9015378249