Thailand’s sizzling drinks sector to achieve US$2.2bn by 2025, says GlobalData

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The Thai sizzling drinks sector is projected to develop from ฿45.8bn (US$1.5bn) in 2020 to ฿64.9bn (US$2.2bn) by 2025 at a compound annual progress fee (CAGR) of seven.2% over the five-year interval, says GlobalData, a number one knowledge and analytics firm.

GlobalData’s report, ‘Thailand Sizzling Drinks – Market Evaluation and Forecasts to 2025’ reveals that the market is majorly pushed by the expansion of the recent espresso class, which is forecast to register the quickest worth CAGR of seven.4% throughout 2020–2025. That is adopted by ‘different sizzling drinks’ class, which is predicted to report a CAGR of 5.3% throughout the identical interval.

Jhinuk Roy, Client Analyst at GlobalData, says: “The recent drinks sector in Thailand was affected by the COVID-19 pandemic, resulting in modified client preferences in direction of sizzling drinks merchandise reminiscent of elevated consumption of inexperienced tea and natural tea. Moreover, the rising dominance of the recent espresso class in Thailand, over different sizzling drink classes is backed by a rising client choice for extra caffeinated drinks, together with speedy urbanization and elevated buying energy.”

‘Comfort shops’ was the main distribution channel within the Thai sizzling drinks sector in 2020 adopted by and ‘hypermarkets & supermarkets’ and ‘meals & drinks’ specialists.

Per capita expenditure (PCE) of sizzling drinks in Thailand elevated from US$15.4 in 2015 to US$20.8 in 2020, which was greater than the regional stage (US$20.4) however decrease when in comparison with the worldwide stage (US$31.8). Moreover, per capita expenditure of sizzling drinks in Thailand is predicted to extend and attain US$30.1 by 2025.

​Nestle., Jacobs Douwe Egberts, and New Idea Product Co. Ltd. had been the highest three firms within the Thai sizzling drinks sector by worth in 2020, whereas Nescafé and Tremendous had been the main manufacturers.

Roy concludes: “Resurgence of COVID-19 an infection throughout the nation has impacted client shopping for patterns, main them to give attention to merchandise with well being and wellness attributes reminiscent of ‘natural’ and ‘encompass pure components’.”

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