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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.

, 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 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.

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.

For 2026–2027, demand is expected to rise gradually in line with the slow recovery of both the Thai and global economies.

The road transport industry can expect to see average annual growth of 2.0-3.0% over 2024 to 2026. Demand for transport services will be boosted by the gradual improvement in the outlook for investment, manufacturing and trade, as well as ongoing growth in the tourism sector.

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Industry Outlook 2019-2021: Modern Trade

Over the period 2022-2024, the road freight transport industry is expected to enjoy growth rates that will average 3-5% per year. The industry will benefit from growth in manufacturing and trade, and from the increase in public-sector spending on infrastructure construction and the likely expansion in agricultural outputs. Beyond this, players will also gain from the ongoing strengthening of border/cross-border trade and the continuing rise in the popularity of e-commerce.