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