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Sales of ready-to-eat food will increase through 2022-2024. The domestic market, the main source of income for the industry, will be buoyed by sales of instant noodles, as weak spending power encourages consumers to turn to low-cost foods. Sales of chilled and frozen food are also expected to rise with the spread of modern trade outlets, of which are the main distribution channel. In addition, ongoing urbanization is also encouraging consumers to adopt lifestyles that place a greater premium on convenience and speed, which will naturally translate into stronger sales of ready-to-eat meals.

Output by the beverage industry is forecast to rise at an average rate of 3.5-4.5% annually over 2025-2027. Domestic sales volume will expand at a similar rate, helped by: (i) growth in the economy, especially in the tourism sector, (ii) steadily rising temperatures; (iii) ongoing urbanization, growth in convenience store networks, and expansion in platform delivery services, and (iv) the development of a wide number of new health related products

Industry Outlook 2021-2023: Modern Trade

Industry Outlook 2019-2021: Modern Trade

In 2026, modern retail businesses are facing pressure from a slowing Thai economy, which is weighing on purchasing power amid ongoing global uncertainties. As a result, middle- to lower-income consumers are increasingly prioritizing essential goods

Industry Outlook 2023-2025: Modern Trade

Technological developments Internet network coverage And increasing consumer demand, resulting in the development of Financial Technology

The modern trade industry can look forward to average annual growth of 5.0-5.5% over 2024 to 2026. Expansion will be driven by: (i) growth in the economy ; ii)(ii) the continuing rebound in the tourism sector; iii) ; (iii) progress on government-backed infrastructure megaprojects and the drafting of new planning regulations for Bangkok,

During 2027–2029, domestic sales volume of ready-to-eat (RTE) food is expected to grow by an average of 2.8–3.8% annually,

Over the three years from 2021 to 2023, the value of the domestic market for ready-to-eat food will gradually rise.