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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.

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

, the market should bounce back to growth over 2024 to 2026 and the forecast is thus for sales to the domestic market to expand by 3.0-4.0% annually on (i) general economic growth and the positive impacts of this on consumer purchasing power; (ii) an expansion in sales made through modern trade outlets; (iii) the development of new product lines, with healthier options likely to be especially important; and (iv) an uptick in economic activity that will boost sales of goods that are easy to consume.

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,

During 2026–2028, Thailand’s domestic sales volume of ready-to-eat foods is expected to expand by an average of 2.3–3.3% annually.

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The palm oil industry has benefited from improving conditions through 2023. Supply has expanded on more favorable weather, especially in the South, the incentive effect of elevated prices on growers’ efforts to maximize production, and better timing of the harvest, which has then resulted in palm fruits having a higher oil content, and as a result overall yields have risen. Sales have also benefited from stronger domestic demand

Overall, the palm oil industry, through 2023 and 2024, operators will continue to see growth in both domestic and export markets, especially from the food, oleochemical and biodiesel industries. Although prices will tend to soften, crude will likely remain expensive, and this will help to underpin palm oil prices. Over the coming few years, players will therefore remain in profit.

Overall performance of the palm oil industry during 2026-2028 is expected to encounter volatility due to risks from climate variability leading to tight supply and Middle East conflicts

The palm oil industry is expected to expand, with supply projected to increase during 2025-2026. This is supported by (i) higher yields per rai due to favorable weather conditions, particularly in the southern region, (ii) higher oil content from harvesting at the optimal palm tree age, and (iii) strong harvesting incentives driven by attractive fresh palm fruit prices.