Thailand: Retail Foods

This report gives an overview of Thailand’s food retail sector and current market updates. The food and beverage industry is one of the biggest retail segments in Thailand. Thailand’s growing young, middle-income population with higher disposable incomes and a greater propensity to spend and a trend towards urbanization have also fueled the growth in the retail industry. The impact of the pandemic continues to impact the retail sector with the Thai Retailers Association reporting that Thailand’s retail sector contracted 7-8 percent in the first quarter of 2021. Changes in the structure of Thai households and the pandemic have led to changes in how Thais eat with a rising demand for convenient ready-to-eat meals, healthy food products, and food delivery.