DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/85fdec/thailand_food_and) has announced the addition of the "Thailand Food and Drink Report Q3 2011" report to their offering.
Consumer goods companies looking to play Thailand's domestic demand story have much to look forward to over the coming years. A positive macroeconomic picture, increasing wages and a reasonably strong showing in retail combine to paint an optimistic near-term domestic demand picture. Over the longer term, the country's vast rural population arguably provides exciting opportunities on the consumer side, as rising affluence bolsters demand for higher-value food and beverage products over the coming years.
Headline Industry Data
- 2011 Food Consumption Growth = +6.6%; Compound Annual Growth Rate to 2015 = +6.1%
- 2011 Soft Drinks Sales Growth = +7.8%; Compound Annual Growth Rate to 2015 = +7.1%
- 2011 Alcoholic Drinks Sales Growth = +; Compound Annual Growth Rate to 2015 = +6.7%
- 2011 Mass Grocery Retail Sales Growth = +; Compound Annual Growth Rate to 2015 = +5.6%
Key Industry Trends
Growing Appetite For Overseas Exposure
CP All plans to set up 500 new outlets per annum, with a significant proportion situated in China and South East Asian countries. While dynamism in the Thai convenience retail sector is unlikely to cool down anytime in the medium-term future, the retailer arguably needs to look further afield to relatively underdeveloped convenience retail markets to secure its longer-term growth. With organised retail in Vietnam, Cambodia, Laos and Myanmar still having a long way to go before its proportional contribution can match up to the developed economies, there is clearly massive untapped potential upon which CP All can capitalise.
Companies Mentioned:
- Chokchai
- Charoen Pokphand Foods (CPF)
- Thai President Foods
- Thai Union Frozen Products
- Thai Asia Pacific Brewery (Thai APB)
- Thai Beverages Plc (ThaiBev)
- Singha Corporation (formerly Boon Rawd Brewery)
- CP All Ltd
- Siam FamilyMart
- Tesco Lotus
- Central Food Retail Company Ltd (CFR)
- Big C Supercentre
For more information visit http://www.researchandmarkets.com/research/85fdec/thailand_food_and