Thailand has long been called “the kitchen of the world” with its
abundant natural resources, highly-skilled workforce, and strength in research. The food industry contributed roughly 23% of the country’s GDP....
Thailand has long been called "the Kitchen of the World" with its abundant natural resources, highly-skilled workforce, and strength in research. The food industry contributed roughly 23% of the country's GDP. ...
FICCI - Technopak Report On Indian Food IndustrySanjay Sethi
Report prepared by Sanjay Sethi, Vice President - Food and Agriculture, Technopak Advisors in association with FICCI and released by Minister of Food Processing Industries at Food World, Mumbai
Thailand has long been called "the Kitchen of the World" with its abundant natural resources, highly-skilled workforce, and strength in research. The food industry contributed roughly 23% of the country's GDP. ...
FICCI - Technopak Report On Indian Food IndustrySanjay Sethi
Report prepared by Sanjay Sethi, Vice President - Food and Agriculture, Technopak Advisors in association with FICCI and released by Minister of Food Processing Industries at Food World, Mumbai
This presentation was delivered at SIAL Food Show, Paris on 21st October, 2008. The presentation lets you get an insight on Indian Food Industries, key segments and entry strategy
Potentials of food processing Industry in India
Projects having scope at
http://www.primaryinfo.com/agro-foodprocessing.htm
http://www.primaryinfo.com/foodproducts.html
Indian Food Processing Industry - A Synopsisnandanmalu
This report will present an overview on the Indian food processing industry along with details on various segments, performance and the scope of business in the segment.
There is a high potentials of food processing industry in Bangladesh which is primarily derived from
the agriculture sector of the country. Food processing industry is divided into two segments such as, production
and distribution. Production segment refers to processing of meats and cheeses and the creating of soft drinks,
alcoholic beverages, packaged foods, and other modified foods. While the distribution includes transporting the
finished food products into the hands of consumers. The food processing industry is the fastest growing industry
of Bangladesh since 2000. Due to recent development in food processing industry, a good number of
entrepreneurs have been developed in this sector. This development can be attributed by the change of tastes
and preferences of Bangladeshi people. Now, people of Bangladesh prefer buying processed food items from the
grocery shops and departmental stores and prefer buying packaged food products. Hence, this study aims at
identifying the critical factors of food processing entrepreneurs in Bangladesh. This study used both the
qualitative and quantitative research methods. Respondent entrepreneurs were selected by simple random
sampling method from the food processing industry of Bangladesh. Factor analysis was carried out to find out
the critical factors of the entrepreneurs while multiple regression analysis was conducted to identify the
relationships between the critical factors and the overall development of food processing industry in
Bangladesh.Individual critical factors like use of information technology, family and friends support, and
capability to compete in the market are significant critical factors for the food processing entrepreneurs in
Bangladesh.
As a land of agriculture, Thailand enjoys competitive advantages in the bioplastics industry. The richness of biomass,materials supply, research driven resources, strong downstream industry demand, and supporting government Moreover, Thailand has the necessary workforce and supporting organizations to encourage a vibrant agricultural products.
This presentation was delivered at SIAL Food Show, Paris on 21st October, 2008. The presentation lets you get an insight on Indian Food Industries, key segments and entry strategy
Potentials of food processing Industry in India
Projects having scope at
http://www.primaryinfo.com/agro-foodprocessing.htm
http://www.primaryinfo.com/foodproducts.html
Indian Food Processing Industry - A Synopsisnandanmalu
This report will present an overview on the Indian food processing industry along with details on various segments, performance and the scope of business in the segment.
There is a high potentials of food processing industry in Bangladesh which is primarily derived from
the agriculture sector of the country. Food processing industry is divided into two segments such as, production
and distribution. Production segment refers to processing of meats and cheeses and the creating of soft drinks,
alcoholic beverages, packaged foods, and other modified foods. While the distribution includes transporting the
finished food products into the hands of consumers. The food processing industry is the fastest growing industry
of Bangladesh since 2000. Due to recent development in food processing industry, a good number of
entrepreneurs have been developed in this sector. This development can be attributed by the change of tastes
and preferences of Bangladeshi people. Now, people of Bangladesh prefer buying processed food items from the
grocery shops and departmental stores and prefer buying packaged food products. Hence, this study aims at
identifying the critical factors of food processing entrepreneurs in Bangladesh. This study used both the
qualitative and quantitative research methods. Respondent entrepreneurs were selected by simple random
sampling method from the food processing industry of Bangladesh. Factor analysis was carried out to find out
the critical factors of the entrepreneurs while multiple regression analysis was conducted to identify the
relationships between the critical factors and the overall development of food processing industry in
Bangladesh.Individual critical factors like use of information technology, family and friends support, and
capability to compete in the market are significant critical factors for the food processing entrepreneurs in
Bangladesh.
As a land of agriculture, Thailand enjoys competitive advantages in the bioplastics industry. The richness of biomass,materials supply, research driven resources, strong downstream industry demand, and supporting government Moreover, Thailand has the necessary workforce and supporting organizations to encourage a vibrant agricultural products.
Opportunities and challenges for marketing of organic products in indiaSAMEER LAKHANI
To give brief overview of Organic Agriculture.
To study advantages and disadvantages of Organic Farming.
To study the Global and Indian scenario of Organic Products.
To find out the companies dealing in Organic Products.
To study the market scenario of Organic Products in India
To study the SWOT analysis of Organic Products in India.
To find out the opportunities and challenges of Organic Product In India
Coconut project looking for Co-Founder as the InvestorSetiono Winardi
Global virgin coconut oil market stood at $ 2.7 billion in 2018 and is projected to grow at a CAGR of over 9% during the forecast period to reach $ 4.7 billion by 2024, on the back of increasing investments in the industry. This influx of investments is supporting market players to increase their production capabilities and to cater to rising demand for coconut
oil across the globe. Coconut is a widespread plantation and is grown in more than 80 countries. The world production of coconut is estimated at around 55 million tons annually. Coconut oil has significant use in toiletry, food and
various industrial sectors
The Royal Thai Government recognizes the importance of sustainable economic development. Various policies have been introduced to address technological, economic and institutional challenges to move the country towards a sustainable biobased economy.
In response to the wide range of acute environmental challenges facing the world today, many governments have begun to focus their efforts on developing bioeconomy industries, i.e. the production and conversion of renewable resources into alternative products such as food or energy sources.
Bioplastics are regarded as a potential solution to address
environmental and economic challenges. They represent the
fastest-growing product line for bio-based products. Several
countries have taken action and significantly increased awareness of the use of bioplastics.
A brief presentation Organic Food Industry.
Which includes:
# Varieties of Organic Foods
# Consumption of Organic Food in India
# Why Organic Foods are costlier?
# Growth Drivers
# Government Support towards these industries
# Investment Opportunities
# Foreign Investors in India
# FDI – Foreign Direct Investment
# Export of Organic Food Products
# Employment Opportunities
# Buy Online
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
Presented by Asst. Prof. Nayot Kurukitkoson, PhD, Executive Committee of the EEC Human Development Center, and Vice President for EEC Affairs, Burapha University, on March 16, 2023
Thailand has an extensive innovation network made up of various supporting parties, from government bodies, the private sector, to venture capital and other organizations including research laboratories and academic institutions.
Thailand is the perfect second home for expats. The country was ranked 14th out of 59 global locations with the nation’s capital Bangkok placing 4th in Asia in the Expat City Ranking 2021,5 with the majority of expats expressing satisfaction with the cost of living and their quality of life in Thailand.
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
Thailand is introducing a new visa called “Long-Term Resident (LTR )” which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for high potential foreigners.
Presented by Mr. Varghese Poulouse Nalian, President & General Manager of Performance Additives Business, Momentive Performance Materials (Thailand), on June 29, 2022
This measure is aimed to promote investment in targeted activities in three provinces – Chachoengsao, Chon Buri, and Rayong, as well as to encourage private sector to participate in human resource development. As EEC development is part of the policy to drive Thailand towards Thailand 4.0, investors in the targeted activities located in designated areas or in promoted industrial estates/industrial zones, or the investors involved in the human resource development in the EEC will enjoy additional tax incentives, apart from a standard tax package.
Thailand is introducing a new visa under "Long-Term Resident (LTR)" program, which provides a wide range of tax and non-tax benefits to enhance the country's attractiveness as a regional hub for living and doing business for "high-potential" foreigners.
More from Thailand Board of Investment North America (20)
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Thailand's Food Industry (2018)
1.
2. Cassava Products
(67% of world exports)1st
Canned Tuna
(44% of world exports)1st
Canned Pineapple
(41% of world exports)1st
Rice
(23% of world exports)2nd
Sugar
(16% of world exports)2nd
Thailand has long been called “the kitchen of the world” with its
abundant natural resources, highly-skilled workforce, and strength
in research. The food industry contributed roughly 23% of the
country’s GDP. The value of Thailand’s food industry, including
local consumption and exports, is expected to reach USD
102 billion in 2017.1 Thailand is also one of the largest
net food exporting countries in the world and the
second in Asia with a food trade balance at a record
value of USD 16.7 billion in 2016 2
In leveraging its geography with local
agricultural resources, the Thai
government designated the food
industry as one of ten key growth
engines in-line with the
“Thailand 4.0” economic
model. The government
also created the food-
optimized industrial
park, known as
Food Innopolis.
Source: 1
The Federation of Thai Industries (Food Industry Club)
2
UNCTAD;
3
National Food Institute
Note: Exchange Rate (BOT, July 1, 2017): USD 1 = THB 34.13
Thailand’s Food Export Ranking3
THAILAND:
FOOD INDUSTRY
THAILAND:
FOOD INDUSTRY
With abundant natural resources, a year-round
growing season, relatively low labor costs, and
a skilled workforce, Thailand enjoys numerous
competitive advantages in the food and
agricultural industries. Roughly 50% of total land
area in the country is used for agricultural
purposes, allowing over 80% of raw materials
to be used in the food industry which can be
sourced locally at competitive prices.1
The
country is a top-ten global producer of some
important agricultural products including rice,
cassava, sugarcane, palm oil, coconut,
pineapple, and natural rubber.2
Abundant Raw Materials
Source: 1,2,3
Office of Agricultural Economics
Thailand Agricultural Export
Value by Product in 20163
[In Billion USD]
Rice
Natural Rubber
Fruits and
Fruit Products
Fish and
Fish ProductsCassava and
Cassava Products
Others
35.4%44%
14%
14%
11%
9%
8%
3. Source: 1,2,3
National Food Institute
Minimally Processed Foods
Food Processing
Hosting roughly 9,000 food processing companies in Thailand, the
country is the main producer and exporter for several processed
foods including canned tuna, frozen seafood, shrimp, and chicken.1
Processed food exports contribute about 52% of total food
exports and account for nearly 15% of Thai manufacturing
output.2
As one of the world’s leading producers of agricultural commodities,
Thailand’s food supply is large enough to serve the global market.
Raw materials are processed to increase the products’ shelf life and
quality. Thailand produced over 2.4 million tons of chicken and over
200,000 tons of shrimp in 2016, placing the country in the top five
globally as both a chicken and shrimp exporter. Approximately
70% of poultry production is locally consumed. This number is
expected to increase by 4-5% in 2017, from around 1.7 million tons
in 2016.3
Thailand also supplies various frozen seafood products such
as frozen cuttlefish and fish meat to serve consumers throughout
the world.
KEY PLAYERS
Highly
Processed
Moderately
Processed
Minimally
Processed
Moderately Processed Foods
To further extend shelf life and add more value to local agricultural
and fisheries products, Thailand adopted canning, high-technology
freeze drying, and other preservation processes. The country
is recognized as the top exporter of many canned foods
such as canned pineapple and tuna. The country
exported over USD 2 billion in canned tuna
and USD 611 million in canned
pineapple in 2016 and stood as
the top global exporte
or both products.1
KEY PLAYERS
Global Canned Tuna and Precooked
Loins Exporter, 20152
Source: 1,2
National Food Institute
[In Billion Tons]
Thailand
14%
7%
6%
6%
Other
1.2
Ecuador
China
Philippines
Spain
23%
44%
4. Urbanization and increasingly busy lifestyles are the main drivers of
the double-digit ready meal growth rate in Thailand. In addition to the
emerging local demand, Thailand is also a prime production base for
ready meals. The export value is expected to reach USD 167 million
in 2017 at a 12.4%annual growth rate. The country is currently the
9th
largest ready meal exporter in the world, accounting for a 3.7%
market share in 2016.1
The local consumption value is
expected to reach 270 million in 2017.2
With strong support from the government, Thai manufacturers are
investing considerable resources in research and development to
boost their productivity and efficiency. Many companies are using
computerized systems to control their production processes. Combined
with the changing lifestyles of consumers, purchases of processed
foods are rapidly growing. Ready meals, convenient meat and meat
products have shown both strong domestic and export demand.
Highly Processed Foods
Ready Meals
Source: 1,2
National Food Institute
KEY PLAYERS
Demand for halal foods has undergone tremendous
growth in the last few years. The global halal food
market is projected to be worth USD
1.6 trillion by 2018, accounting for an
estimated 16 percent of the total
global food industry.1
Thailand
currently ranks 13th
among
the world’s largest halal
food producers.2
Thailand’s Ready Meal Local Consumption Value 2012-2017F3
Source: 3
National Food Institute
Note: *Compound Annual Growth Rate (2012-2017F)
Exchange Rate (BOT, July 1, 2017): USD 1 = THB 34.13
Processed Halal Foods
[In Billion USD]
12.7%
2012 2013 2014 2015 2016 2017F
149.0
168.9
193.0
217.8
245.0
270.8300
200
100
0
Sources: 1
World Islamic Economic Forum
2
National Food Institute
5. Sources: 1
Halal Food Information Center
2
The Halal Science Center, Chulalongkorn University
KEY PLAYERS
Surrounded by countries with
large Muslim populations, Thailand
is considered an ideal investment
destination. The country’s major export
markets are Singapore, Malaysia, Indonesia,
Brunei, the UAE, Saudi Arabia, and Egypt.
In 2016, the value of Thailand’s halal food
exports reached USD 5.8 billion with an annual
growth rate of 8%.1
Thailand’s halal certification standards have developed over the last
68 years. Currently, there are more than 8,000 factories and over
150,000 products receiving halal certification.2
Furthermore, the
Thai government has prioritized halal foods by formulating a five-year
plan (2016-2020) to position Thailand to be among the top five
exporters of halal products in the world. Over USD 11.5 million was
been allocated to enhance halal businesses in Thailand.
Source: 1,2,3
National Food Institute
Note: : * Compound Annual Growth Rate (2012-2016)
Exchange Rate (BOT, July 1, 2017): USD 1 = THB 34.13
4
Number of chili sauce includes chicken sauce.
5
Number of soy sauce includes oyster sauce.
6
Others include tomato sauce, mustard, monosodium
glutamate, etc. (Excluding sugar)
Thailand’s strengths in food processing have also
brought the country to global prominence in the
seasonings and ingredients industries. The value of
Thailand’s food ingredients exports in 2016 reached USD
616 million. With over 550 manufacturers, Thailand is the 6th
largest food seasoning exporter in the world, accounting for
a roughly 5.4% market share.1
The top export destinations are
Australia, the Philippines, Indonesia, Japan, and Malaysia. In
addition, local demand for food seasoning is also significant
with a sales value of over 1.1 billion in 2016.2
Food Seasoning
1 Largest Food Seasoning Exporter
in Southeast Asia and 6th
Largest in the World
2012 2013 2014 2015 2016
457.6 490.9
557.1 578.1 616.4
600
400
800
200
0
7.7%*
Thailand’s Food Seasoning Export Value 2012-20163
[In Billion USD]
Exports of Food Seasoning by Products1
[In Billion USD]
1. Chili Sauce4
(10%)
2.Fish Sauce (9%)
3.Curry Paste (9%)
4.Soy Sauce5
(7%)
5.Others6
(65%)
10%
9%
9%
7%
65%
6. As the world’s largest exporter of cassava products, the country
exported over 11 million tons in 2016 at a total value of USD 3
billion.1
Cassava starch is used as an ingredient in many products
such as breads, frozen foods, and confectionery. By prioritizing
research and development, the country is becoming an important
production hub for advanced food ingredients such as artificial
sweeteners, e.g. maltitol, crystalline, sorbitol, and high-quality mono-
sodium glutamate (MSG). Offering a variety of raw materials, leading
global companies manufacture their food ingredient products in
Thailand for export back to their home countries, as well as for the
global market.
High-tech Food Ingredients
Sources: 1
Thai Tapioca Starch Association
KEY PLAYERS
With growing demand for premium products, Thai consumers are
looking for more-sophisticated flavors and are increasingly
concerned about their nutritional intake. They are therefore more
willing to pay for products with better functionality. As a result,
functional drinks are enjoying increasing popularity among Thai
consumers. This market was worth USD 1.6 billion in 20163
and
is expected to grow as consumers focus on their well-being.
Collagen and hyaluronic acid are among the ingredients being
added to beverages for functions such as improving the skin’s
smoothness and delaying the aging process.
Source: 1,3
Euromonitor
2
Thai Customs
Beverages
Beverages are also recognized as a huge industry in
Thailand. The country’s non-alcoholic beverage market
was worth roughly USD 7.9 billion with a 5.2% CAGR1
and an export value of USD 1.1 billion in 2016.2
The largest export destinations are ASEAN
countries including Vietnam,Cambodia, and
Myanmar.
KEY PLAYERS
Functional Drinks
7. Changes in consumer behavior and an increasing focus on health
are the driving factors in continued demand for fruit juices in Thailand.
In 2016, local consumption for fruit juices was valued at over USD
500 million.1
With a 25.9% growth rate, coconut water is the
fastest growing fruit juice product.2
As the land of tropical and
citrus fruits, Thailand has around 100 juice manufacturers3
supplying
various high-quality fruit juices to the global market, such as coconut,
pineapple, orange, tomato and guava, and other high quality juices.
Sources: 1,2,4
Euromonitor
3
Ministry of Industry
Note: *Compound Annual Growth Rate (2011-2016)
Exchange Rate (BOT, July 1, 2017): USD 1 = THB 34.13
Thailand’s Juice Sales Value 2011-20164
Fruit Juices
KEY PLAYERS
2011 2012 2013 2014 2015 2016
364.6
414.0
437.7
455.6
481.6
500.9
500
550
400
450
350
300
6.6%
[In Billion USD]
Source: 1,2
Euromonitor
Note: *Compound Annual Growth Rate (2011-2016)
Exchange Rate (BOT, July 1, 2017): USD 1 = THB 34.13
By implementing advanced technologies and food standards,
Thailand is working to ensure the best quality of foods for the
global market. In addition, the government is promoting a
campaign focused on healthy living and ensuring an optimum
level of physical and mental heath.
Along with global trends, healthy foods have become mainstream
among many Thais. The local consumption value for healthy foods in
Thailand reached USD 5.3 billion in 2016 at a 6.7% growth rate.1
The government is continuing to support this rapidly growing sector
by providing a mix of tax incentives and support for research to
ensure that the country’s food manufacturers produce the highest-
quality products which benefit both the health of consumers and
the environment.
Healthy Foods
Thailand’s Healthy Foods Market Value 2011-20162
OPPORTUNITIES
2011 2012 2013 2014 2015 2016
3.8
4.3
4.7
4.9
5.2 5.3
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.7%
[In Billion USD]
8. Organic Products
Organic products are an emerging but increasingly important
category in Thailand. Consumers are more sophisticated and
becoming aware of the benefits of organic foods. Almost
300,000 rai (118,610 acres) in Thailand are being used for
organic agriculture.1
Thailand’s organic consumption was
valued at USD 15 million in 2016.2
Organic rice is the largest
sector, accounting for 65% of the total organic food market.
Organic coffee and green tea had the highest growth among
beverages at 8.9% and 7.3% respectively from 2011-2016.3
Organic products from Thailand are exported and sold in many
well-known global supermarket chains and organic-focused
retailers such as Whole Foods Market and Wal-Mart.
Thailand’s Organic Products Market Value 2011-20164
Sources: 1
Earth Net Foundation and Green Net Cooperative
2,3,4
Euromonitor
Note: *Compound Annual Growth Rate (2011-2016)
Exchange Rate (BOT, July 1, 2017): USD 1 = THB 34.13
KEY PLAYERS
[In Billion USD]
2011
Organic Food
2012 2013 2014 2015 2016
9.3
10.3
11.5
12.7
13.8
15.0
3.2
3.5
3.8
4.2
4.4
4.6
6.1 6.8 7.7 8.5 9.4 10.4
9.9%*15
12
9
6
3
0
Organic beverages
Dietary Supplements and Medical Foods
Sources: 1
Euromonitor
2
World Health Organization (WHO)
3
The United Nations
4
Thai Medical Devices Technology
Industry Association (THAIMED)
KEY PLAYERS
Sales of dietary supplements and vitamins in Thailand rose to over
USD 1.6 billion, achieving double-digit growth of 11% in 2016.1
More Thais are shifting towards living a healthy lifestyle and
increasing numbers of consumers are starting to take care of their
health at a younger age. The rapidly aging population is also
generating substantial growth in this market. The number of people
aged 65 or older is expected to reach nearly 1.5 billion in 2050.2
And based on a report from the United Nations, by 2030, the aging
population will account for 20% of Thailand’s total population.3
As supplements function as preventive medicine, medical foods
are formulated to treat diseases and disorders ranging from asthma
to diabetes. The medical food industry in Thailand is thriving. Many
leading global manufacturers have their facilities in Thailand,
including Mead Johnson Nutrition, Abbott, Novartis, and Thai
Otsuka. This sector directly benefits from the world-class reputation
of Thailand’s medical services industry as the country attracts
over two million foreign patients annually.4
Some companies,
such as Thai Otsuka, have achieved double-digit growth in revenues
in 2016.
9. As one of the largest food producers in Asia, the country is constantly
developing cutting-edge technologies to meet ever-increasing
global demand. Food processing machines imported to Thailand had
an import value of over USD 201.2 million in 2016.2
The country
has also increased its capacity and world-class safety standards
in food machinery and equipment covering all processes involved
in food production, in addition to being used in manufacturing food
seasoning.
Healthy Fats and Oil
KEY PLAYERS
KEY PLAYERS
Supporting Industries
Food Machinery and Equipment
Sources: 1
Thai Edible Oil Co., Ltd.
2
Iron and Steel Institute of Thailand
With abundant high-quality raw materials,various
premium healthy oils are being developed to
serve the market such as rice bran, sunflower,
and coconut oils. With strong support from the
government in research and development,
Thailand is well-positioned as one of the leading
players in the global rice bran oil market with a
total annual production capacity of 54,500 million
tons.1
Rice bran offers important benefits due to
its high levels of omega fatty acids which promote
cardiovascular health.Major export destinations
include South Korea, Australia, and the US.
Healthy Fats and Oil
KEY PLAYERS
High Value-Added Food Packaging
Source: 1
Packaging Intelligence Unit
Boosted by a supportive government, Thailand has pro-actively
adopted advanced technologies and policies to encourage food
production that ensures safety and quality. With over 2,000 food
packaging manufacturers,1
Thailand is home to many leading
Japanese, American, and European food packaging companies
including Amcor, Huhtamaki, Majend Makcs, and Sealed Air
To retain its position as a world leader in the food processing
industry and adapt to the changing lifestyles of consumers
convenient, safe, impurity-free, functional, and eco-friendly
designed food packaging will continue to be major
priorities in Thailand.
10. An understanding of Thai culture can be achieved by understanding
the country’s food culture. Thais are very open in accepting and
integrating various kinds of foods. With the country’s characteristics,
together with growth in smart technologies, tech-savvy entrepreneurs
have found ways to merge technology with food, offering innovative
restaurant recommendations and delivery apps. Several start-ups
have been recognized for their ground-breaking ways in providing
food services, ranging from restaurant reservations apps, healthy
meals and grocery delivery services to discounted daily deals at
restaurants. The online food delivery market is expected to reach
USD 791 million in 2017, showing double digit growth of 11% from
the previous year.1 To no one’s surprise, Thailand remains ahead of
the curve when it comes to food and technology.
Sources: 1
Kasikorn Research Center
KEY PLAYERS
Digitalized Food Service
WHY THAILAND?
Thailand is well-known as an agricultural powerhouse, with an
abundance of resources from land to sea and a year-round
growing season. This points to Thailand’s strengths as rich
in raw materials including cassava, sugar, rice and palm oil
that serve both the domestic and global food sectors. The
country is ready to drive the world’s food industry with its low
prices and high quality of products enabling food processing
companies to locally source over 80% of the raw materials
needed.
Abundant Raw Materials
Competitive Workforce
Located in the heart of Southeast Asia, Thailand is connected to ASEAN
and other countries. Having more than 640 million consumers across
Southeast Asia opens up numerous demands for the food industry.
World-classinfrastructuresuchasSuvarnabhumiInternationalAirport,
Laem Chabang deep sea port, and other trade routes allow the country
to rapidly connect with many destinations for shipments and delivery
of its food products.
Strategic Location with Excellent
Logistics Networks
A growing pool of expertise combined with the talented
Thai workforce provides a tremendous advantage to
international companies. Consequently, Thailand is
both well-known and well-regarded as the world’s
top location for labor-intensive food production
among many major international players
such as Cargill and Mckey Foods, among
others. Over 1.1 million people are
working in the food sector1
in
Thailand.
Source: 1
National Food Institute
11. To further enhance competitiveness, The Ministry of Labor launched
a strategic framework and roadmap for 2018-2022 aimed at the
health service and food industries. This plan is expected to produce
approximately 9,600 food scientists, researchers, and technicians.
Once fully implemented, a total of up to 126,600 food experts are
anticipated in this strategic market.
World Food Valley Thailand
Strong Government Support
With an objective of reaching an export value of USD 58.6 billion in
2036, Thailand’s public and private sectors are joining hands to
launch the first phase of the “World Food Valley” project covering
2,000 rai in Ang Thong province. This important project will provide
infrastructure and complete industry development services such
as raw materials and quality control, testing, approval, and mentoring
services which will create anecosystem for the food industry in
order to gather all levels of the value chain together in one place.
Numerous investors have shown an interest in investing in this
mega-project.
Food Innopolis
Food Innopolis was established at Thailand Science Park in 2016.
Totaling124,000squaremeters,itisafullyequippedfacilityofferingboth
wet and dry laboratories and an array of available resources including:
▉ Over 3,000 highly-skilled food researchers
▉ 10,000 food science students
▉ 150 food research laboratories
▉ 20 pilot plants
▉ 11 factories related to Food and Agriculture at
major institutions
Food Innopolis was founded to enhance Thailand’s food industry by
strengthening the value chain from start-ups and SMEs to large companies,
developing value-added outcomes, and building a world-class
innovation ecosystem meeting global needs. Almost 40 companies
have already set up their laboratories at Food Innopolis and roughly 30
percent of this group are leading international companies. Some
of the companies represented include CP, SCG, Malee, Thai Oil, Thai
Otsuka, Ou-waa soft, Lion, Taisei Kogyo and Mitr Phol.1
Special Government Privileges
Tenants at Food Innopolis will receive special privileges from the
government including a tax exemption on import duties on machinery
and equipment for use in R&D, and a corporate income tax (CIT)
exemption for up to 13 years with an additional 50% reduction for
five years. Work permit and visa facilitation for foreign specialists and
researchers, including the Smart VISA, will also be provided. Incentives
from the Revenue Department will cover the accelerated depreciation
allowances for machinery used in R&D and a 300% CIT deduction for
technology and innovation research and development expenses.
Investors can also obtain additional funding from various government
agencies such as The Thailand Research Fund (TRF), Agricultural
Research Development Agency (ARDA), National Science and
Technology Development Agency (NSTDA), and National Innovation
Agency (NIA).
Source: 1
Ministry of Science and Technology, Food Innopolis
Business
Development
Market
ResearchOne-stop
service center
Rental spaces
and facilities for research,
development and innovations
One stop
service centers
12. INVESTMENT
INCENTIVES
Note: * Exemption of import duty on machinery and raw or essential materials
used in manufacturing export products
BOI recognizes the importance and value of the
food industry, and offers a wide range of tax and
non-tax incentives for projects that meet national
development objectives.
BOI Incentives
Non-Tax Incentives
Tax Incentives
These activities also receive the following non-tax incentives:
▉ Permit to bring in expatriates
▉ Permit to own land
▉ Permit to take or remit foreign currency abroad
8 years
A2
● Food Innovation Industrial Zones
(Food Innopolis)
● Biotechnology
- R&D and/or manufacturing of diagnostic kits
for health, agriculture, food and environment
8 years
(No Cap)
A1
● Manufacture of active ingredients from
natural raw materials
● Manufacture of medical food or food
supplements
● Product sterilization services
Corporate
income tax
Exemption
Exemption
of import
duty*
INCENTIVES
GROUP ELIGIBLE ACTIVITIES
INVESTMENT INCENTIVES
13. Note: * Exemption of import duty on machinery and raw or essential materials
used in manufacturing export products
3 years
A4
● Manufacture of modified starch or starch
made from plants that have special properties
● Produce or provide services for modern
agricultural systems such as detection or
tracking systems, controlling usage systems
of related resources such as water, fertilizers,
pharmaceuticals and smart farming systems
● Manufacture of oil or fat from plants or animals
(except for soybean oil)
● Manufacture or preservation of food,
beverages, food additives or food ingredients
using modern technology (except for drinking
water,ice cream, candy, chocolate, gum,
sugar, carbonated soft drinks, alcoholic
beverages, caffeinated beverages and flour
or starch made from plants, bakery products,
instant noodles, essence of chicken and
bird’s nest)
● Digital Services
- Software platform
- Managed service
- Digital architecture design service
- Digital services such as FinTech, DigiTech,
MedTech, AgriTech, etc.
5 years
A3
● Manufacture of natural extracts or products
from natural extracts (except for medicine,
soap, shampoo, toothpaste and cosmetics)
● Manufacture of products from agricultural
by-products or agricultural waste (except for
those with uncomplicated production
processes, e.g. drying, dehydration)
Corporate
income tax
Exemption
Exemption
of import
duty*
INCENTIVES
GROUP ELIGIBLE ACTIVITIES
National Food
Institute
Provides academic and
technical knowledge and
updated information to promote
“Value Creation” in the Thai food
industrial sector and to boost
the competitiveness of the food
sector.
Food Innopolis
A global food innovation hub
with a fully-integrated
infrastructure for science
and technology focusing on
research, development and
innovation in the food industry.
Food
Processing
Industry Club
Supports and strengthens the
relationship between the club’s
members to further improve the
network in order to enhance
efficiency in the food industry.
Thai Food
Processors’
Association
Provides recommendations
and support in establishing
domestic food regulations
and international food
standards. Also serves as a
communications link between
members and government
agencies.
The Halal
Standard
Institute of
Thailand
Promotes and increases the
competitiveness of the country’s
halal food industry to support
production, expand export
opportunities, and protect
Islamic consumers locally.
The Halal
Science Center
Chulalongkorn
University
Provides analytical services,
conducts R&D on new product
innovation, and support related
to scientific matters involved in
the certification of Halal foods
to enhance the quality of
Thailand’s Halal foods industry.
Supporting Organizations
14. BOI’S WORLDWIDE NETWORK
New York
Thailand Board of Investment
New York Office 7 Wood Trade Center,
34th
Fl., Suite F 250 Greenwich St.,
New York, NY 10007 USA
Tel: +1 212 422 9009
Fax: +1 212 422 9119
Email: nyc@boi.go.th
Los Angeles
Thailand Board of Investment
Los Angeles Office Royal Thai
Consulate-General 611
North Larchmont Boulevard,
3rd
Floor
Tel: +1(0) 323 960 1199
Fax: +1(0) 323 960 1190
Email: boila@boi.go.th
Taipei
Thailand Board of Investment
Taipei Office Taipei
World Trade Center 3rd
Floor,
Room 3E40 No.5, XinYi Road,
Sec.5 Taipei 110, Taiwan, R.O.C.
Tel: +88 6 2 2345 6663
Fax: +88 6 2 2345 9223
Email: taipei@boi.go.th
Frankfurt
Bethmannstr 58, 5.OG,
60311 Frankfurt am Main,
Federal Republic of Germany
Tel: +49 69 9291 230
Fax: +49 69 9291 2320
Email: fra@boi.go.th
Guangzhou
Royal Thai Consulate-General
No.36 Youhe Road, Haizhu District,
Guangzhou, P.R.C. 510310
Tel: +86-20-8385-8988 ext. 220-225 or
+86-20-8387-7770 (Direct Line)
Fax: +86-20-8387-2700
Email: guangzhou@boi.go.th
HEAD OFFICE: OFFICE OF THE BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Rd., Chatuchak, Bangkok 10900, Thailand
Tel.: (+66) 2553 8111, Fax: (+66) 2553 8222,
Website: http://www.boi.go.th, E-Mail: head@boi.go.th
Paris
Thailand Board of Investment Paris Office
Ambassade Royale de Thailande 8, Rue
Greuze 75116 Paris, France
Tel: +33 1 5690 2600-1
Fax: +33 1 5690 2602
Email: par@boi.go.th
Stockholm
Thailand Board of Investment, Sweden
Office Stureplan 4C 4th
Floor 114 35
Stockholm Sweden
Tel: +46 8 463 11 58,
+46 8 463 11 72,
+46 8 463 11 74-75
Fax: +46 8 463 11 60
Email: stockholm@boi.go.th
Mumbai, India
Thailand Board of Investment,
Mumbai Office Royal Thai Consulate-
General, Express Tower, 12th
Floor,
Barrister Rajni Patel Marg, Nariman Point,
Mumbai, Maharashtra 400021
Tel: (91 2) 2204 1589-90
Fax: (91 22) 2282 1525
Email: mumbai@boi.go.th
Tokyo
Thailand Board of Investment Tokyo Office
Royal Thai Embassy 8th
Floor.,
Fukuda Building West, 2-11-3
Akasaka, Minato-ku, Tokyu
107-0052 Japan
Tel: +81 3 3582 1806
Fax: +81 3 3589 5176
Email: tyo@boi.go.th
Seoul
hailand Board of Investment Seoul Office
#1804,18th
FL., Daeyeongak Center, 97,
Toegye-Ro,Jung-gu, Seoul, 100-706,
Korea
Tel: +82 2 319 9998
Fax: +82-2 319 9997
Email: seoul@boi.go.th
Beijing
Royal Thai Embassy No.40 Guang Hua
Road, Beijing, 100600, P.R.China
Tel: +86 10 6532 4510
Fax: +86 10 6532 1620
Email: beijing@boi.go.th
Shanghai
Thailand Board of Investment
Shanghai Office Investment Promotion
Section, Royal Thai Consulate-General,
Shanghai, No.18, Wanshan Road,
Changning District, Shanghai, 200336,
P.R.China
Tel: +86-21-5260-9876,
+86-21-5260-9877
Fax: +86-21-5260-9873
Email: shanghai@boi.go.th
Osaka
Thailand Board of Investment Osaka Office
Royal Thai Consulate-General,
Osaka Bangkok Bank Bldg.
7th
Floor 1-9-16 Kyutaro-Machi,
Chuo-Hu Osaka
541-0056 Japan
Tel: +81 6 6271 1395
Fax: +81 6 6271 1394
Email: osaka@boi.go.th
Sydney
Thailand Board of Investment, Sydney
Office Suite 101, Level 1, 234 George
Street, NSW 2000, Australia
Tel: +61 2 9252 4884
Tel: +61-2 9252 4882
Email: sydney@boi.go.th
Think Asia, Invest Thailand
Thailand Board of Investment
www.boi.go.th