Thailand Milk Market 2025

The Thailand milk market is set to increase from USD 1,594.1 million in 2024 to USD 2,148.5 million by 2030, reflecting a CAGR of 5.1% over the 2025 to 2030 timeframe. The Thailand milk market is propelled by increasing consumer awareness of health and nutrition, driving demand for high-quality and fortified dairy products. Thai consumers are showing a growing preference for organic, lactose-free, and enriched milk options, reflecting broader trends towards wellness and dietary health. Additionally, government initiatives aimed at enhancing local dairy production and improving food safety standards support market growth by ensuring a consistent supply of fresh milk. The expansion of modern retail outlets and the rise of e-commerce platforms also contribute to market development, providing consumers with greater access to a diverse array of milk products tailored to their preferences.

Delivering a data-driven perspective on the Thailand milk market, the report details historical performance over the past six years and projects future trends through 2030. It delves into market segmentation, analyzing developments across product and distribution channel.

Market Segmentation

The segmentation of the Thailand milk market is outlined below:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, others

The Thailand milk market is categorized by product and distribution channel. By product, the market includes cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.

Competitive Landscape

Key players in the milk market consist of Thai-Danish Farm Cooperative, Thai Beverage Public Company Limited, Taokaenoi Food & Marketing Public Company Limited, Royal FrieslandCampina N.V., Nongpho Ratchaburi Dairy Cooperative Ltd., Nestle S.A., Meiji Holdings Co. Ltd., Mali Group 1962 Co. Ltd., Fonterra Co-operative Group Limited, Dutch Mill Co. Ltd., Associated British Foods plc and Abico Dairy Farm Company Limited.

This report presents an extensive analysis of major entities in the milk market, focusing on their performance from 2020 to 2024. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Thailand milk market.
Gain in-depth analysis and forecasts for the key segments of the Thailand milk market: product and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Thailand milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Thailand milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Thailand Milk Market – Product Analysis
Thailand Milk Market – Distribution Channel Analysis
Company Shares Analysis
Thai-Danish Farm Cooperative
Thai Beverage Public Company Limited
Taokaenoi Food & Marketing Public Company Limited
Royal FrieslandCampina N.V.
Nongpho Ratchaburi Dairy Cooperative Ltd.
Nestle S.A.
Meiji Holdings Co., Ltd.
Mali Group 1962 Co., Ltd.
Fonterra Co-operative Group Limited
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Thailand Milk Market 2020-2030
Chart Thailand Milk Market, Net Growth, 2020-2030
Chart Thailand Milk Market, Growth Rates, 2020-2030
Table Thailand Milk Market by Product, 2020-2030
Chart Thailand Milk Market by Product, CAGR Historic and Forecast, 2020-2030
Chart Thailand Milk Market by Product, 2020-2030
Table Thailand Milk Market by Distribution Channel, 2020-2030
Chart Thailand Milk Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Thailand Milk Market by Distribution Channel, 2020-2030
Table Thailand Milk Market Share (%), by Companies, 2020-2024
Chart Thailand Milk Market, by Companies, 2024
Table Thailand Milk Market Share (%), by Brands, 2020-2024
Chart Thailand Milk Market, by Brands, 2024
Table Thailand – Population (Millions) and Forecast
Table Thailand – Consumer Price Index (CPI) and Forecast
Table Thailand – Gross Domestic Product and Forecast
Table Thailand Milk Market: Spend as a Proportion of GDP (%)
Table Thailand Milk Market: Consumption per Capita (Population)

Companies Mentioned

Thai-Danish Farm Cooperative
Thai Beverage Public Company Limited
Taokaenoi Food & Marketing Public Company Limited
Royal FrieslandCampina N.V.
Nongpho Ratchaburi Dairy Cooperative Ltd.
Nestle S.A.
Meiji Holdings Co., Ltd.
Mali Group 1962 Co., Ltd.
Fonterra Co-operative Group Limited
Dutch Mill Co., Ltd.
Associated British Foods plc
Abico Dairy Farm Company Limited