The milk market in Thailand was estimated at USD 1,594 million in 2023 and is expected to hit USD 2,149 million by 2029, registering a CAGR of 5.1% from 2024 to 2029 as per the latest market estimates. 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.
This report presents a detailed overview of the Thailand milk industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product, and distribution channel. This detailed analysis supports the identification of growth opportunities within the milk industry.
Market Segmentation
The milk market in Thailand is structured as follows:
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 segmented on the basis of product, and distribution channel. On the basis of product, the milk market in Thailand has been segmented into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. By distribution channel, the milk market in Thailand has been segmented into convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The Thailand milk market is highly competitive. The key players in the milk market include 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.
This report provides a thorough assessment of the Thailand milk market, examining the performance of leading players from 2019 to 2023. The analysis offers critical information on market share dynamics, pinpointing dominant incumbents as well as rising challengers. Leveraging this data enables companies to refine their strategies, seize growth opportunities, and sustain competitive advantage in an increasingly dynamic market environment.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Thailand milk market.
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.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewThailand milk market – product analysis
Thailand milk market – distribution channel analysis
Key players and market share
– Thai-Danish Farm Cooperative
– Thai Beverage Public Company Limited
– Taokaenoi Food & Marketing Public Company Limited
– Royal FrieslandCampina N.V.
– Nongpho Ratchaburi Dairy Cooperative Ltd.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Thailand milk market 2019-2029
Chart Thailand milk market, net growth, 2019-2029
Chart Thailand milk market, growth rates, 2019-2029
Table Thailand milk market by product, 2019-2029
Chart Thailand milk market by product, CAGR historic and forecast, 2019-2029
Chart Thailand milk market by product, 2019-2029
Table Thailand milk market by distribution channel, 2019-2029
Chart Thailand milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Thailand milk market by distribution channel, 2019-2029
Table Thailand milk market share (%), by companies, 2019-2023
Chart Thailand milk market, by companies, 2023
Table Thailand milk market share (%), by brands, 2019-2023
Chart Thailand milk 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 milk market: spend as a proportion of GDP (%)
Table Thailand milk market: consumption per capita (population)