The Thailand condiments and sauces market is on track to grow from USD 2,300.3 million in 2023 to USD 3,550.1 million by 2029, with a projected CAGR of 7.5% across the forecast period. Thailand’s condiments and sauces market is expanding as a result of the country’s deep culinary tradition, which heavily relies on a variety of sauces such as fish sauce, tamarind, and chili paste. The increasing popularity of international cuisines, particularly in urban areas, is fueling demand for new and diverse sauces, including Italian, American, and Chinese styles. Additionally, Thailand’s rapidly growing food delivery and restaurant sectors are creating new opportunities for condiment brands to reach consumers.
The report provides a comprehensive analysis of the Thailand condiments and sauces industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product and distribution channel. The insights gained from this evaluation help reveal the growth potential within the condiments and sauces sector.
Market Segmentation
The segmentation of the Thailand condiments and sauces market is outlined below:
Product: condiments and ingredients (bouillon, monosodium glutamate, others), herbs and spices, pastes and purees, sauces (recipe sauces, pasta sauces, table and cooking sauces, BBQ sauces, fish sauces, ketchup, mayonnaise, mustard sauces, oyster sauces, salad dressings, soy sauces, chili sauces, others), pickles, others
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, others
The segmentation of the Thailand condiments and sauces market product and distribution channel. The market is classified by product into condiments and ingredients (bouillon, monosodium glutamate, others), herbs and spices, pastes and purees, sauces (recipe sauces, pasta sauces, table and cooking sauces, BBQ sauces, fish sauces, ketchup, mayonnaise, mustard sauces, oyster sauces, salad dressings, soy sauces, chili sauces, others), pickles, and others. Distribution channel segments encompass convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
Key players dominating the condiments and sauces market include Yan Wal Yun Corporation Group Co. Ltd., Universal Food Public Company Limited, Unilever PLC, Tra Maekrua Co. Ltd., The Thai Churos Ltd., The Peace Canning (1958) Co. Ltd., The Kraft Heinz Company, Thanya Farm Co. Ltd., Thai Theparos Public Company Limited, Thai Fishsauce Factory (Squid Brand) Co. Ltd., Tang Sang Hah Co. Ltd., Suanthai Company Limited, Pichai Fish Sauce Co. Ltd., Nguan Chiang Food Industry Co. Ltd., Nestle S.A., M&R Laboratory Co. Ltd., KT MSG Co. Ltd. (Ajinotakara), KSL Group (Thai Fermentation Industry Co. Ltd.), Kikkoman Corporation, Kewpie Corporation, Hi-Q Food Products Co. Ltd., Globo Foods Ltd., Food Blessing (1988) Co. Ltd., Chua Hah Seng Fish Sauce Factory (Hoilord Brand) Company Limited, Artchit International Pepper and Spice Co. Ltd. and Ajinomoto Co. Inc.
This report presents an extensive analysis of major entities in the condiments and sauces market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Thailand Condiments and Sauces Market – Product Analysis
Thailand Condiments and Sauces Market – Distribution Channel Analysis
Key Players and Market Share
– Yan Wal Yun Corporation Group Co., Ltd.
– Universal Food Public Company Limited
– Unilever PLC
– Tra Maekrua Co., Ltd.
– The Thai Churos Ltd.
– The Peace Canning (1958) Co., Ltd.
– The Kraft Heinz Company
– Thanya Farm Co., Ltd.
– Thai Theparos Public Company Limited
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Thailand Condiments and Sauces Market 2019-2029
Chart Thailand Condiments and Sauces Market, Net Growth, 2019-2029
Chart Thailand Condiments and Sauces Market, Growth Rates, 2019-2029
Table Thailand Condiments and Sauces Market by Product, 2019-2029
Chart Thailand Condiments and Sauces Market by Product, CAGR Historic and Forecast, 2019-2029
Chart Thailand Condiments and Sauces Market by Product, 2019-2029
Table Thailand Condiments and Sauces Market by Distribution Channel, 2019-2029
Chart Thailand Condiments and Sauces Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Thailand Condiments and Sauces Market by Distribution Channel, 2019-2029
Table Thailand Condiments and Sauces Market Share (%), by Companies, 2019-2023
Chart Thailand Condiments and Sauces Market, by Companies, 2023
Table Thailand Condiments and Sauces Market Share (%), by Brands, 2019-2023
Chart Thailand Condiments and Sauces Market, by Brands, 2023
Table Thailand – Population (Millions) and Forecast
Table Thailand – Consumer Price Index (CPI) and Forecast
Table Thailand – Gross Domestic Product and Forecast
Table Thailand Condiments and Sauces Market: Spend as a Proportion of GDP (%)
Table Thailand Condiments and Sauces Market: Consumption per Capita (Population)
Companies Mentioned
Yan Wal Yun Corporation Group Co., Ltd.
Universal Food Public Company Limited
Unilever PLC
Tra Maekrua Co., Ltd.
The Thai Churos Ltd.
The Peace Canning (1958) Co., Ltd.
The Kraft Heinz Company
Thanya Farm Co., Ltd.
Thai Theparos Public Company Limited
Thai Fishsauce Factory (Squid Brand) Co., Ltd.
Tang Sang Hah Co., Ltd.
Suanthai Company Limited
Pichai Fish Sauce Co., Ltd.
Nguan Chiang Food Industry Co., Ltd.
Nestle S.A.
M&R Laboratory Co., Ltd.
KT MSG Co., Ltd. (Ajinotakara)
KSL Group (Thai Fermentation Industry Co., Ltd.)
Kikkoman Corporation
Kewpie Corporation
Hi-Q Food Products Co., Ltd.
Globo Foods Ltd.
Food Blessing (1988) Co., Ltd.
Chua Hah Seng Fish Sauce Factory, (Hoilord Brand) Company Limited
Artchit International Pepper and Spice Co., Ltd.
Ajinomoto Co., Inc.