Retail Market In Thailand To Grow At About 6%

A new analysis predicts that as economies recover from the pandemic the retail market in Thailand will grow by $55.21 billion USD, progressing at a CAGR of almost 6% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The analysis notes that the market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aeon Co. Ltd., Berli Jucker Public Co. Ltd., Central Group of Company, CP All Public Co. Ltd., Foodland Supermarket Co. Ltd., Home Product Center Public Co. Ltd., Isetan Mitsukoshi Holdings Ltd., Seven & i Holdings Co. Ltd., Tesco Plc, and The Mall Group are some of the major market participants.

The growing demand for convenience food products will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. The report also notes that while the growing demand for convenience food products is likely to emerge as one of the primary drivers of the market, the threat from counterfeit products may threaten the growth of the market.