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Food retail industry in Thailand - Statistics & Facts

Food retail is a thriving industry in Thailand, and the retail business within the foodservice sector was forecasted to increase, generating sales of over 500 million U.S. dollars in the next few years. In Thailand, traditional food retailing channels such as wet markets and local shops are still important. Wet markets are integral to Thai culture and consumers can buy both fresh food and food products at reasonable prices there. However, Thai consumers are currently leaning towards modern food retailing channels such as supermarkets and convenience stores due to the variety of products sold and the convenience afforded by such retail outlets. Since 2017, the number of supermarkets in Thailand has been constantly growing, reaching almost 500 outlets in 2020.

Leading food retail channels in Thailand

Rice is one of the main staple foods in Thailand and it was among the countries with the highest rice consumption worldwide. Hypermarkets were the main distribution channels for rice and other starchy foods in Thailand, with the majority of sales of such products in the past years. The food retail scene in Thailand is dominated by Thai-owned chains. One of the market leaders in the Thai food retail scene, Lotus-Talad, formerly known as Tesco Lotus, is owned by one of the biggest conglomerates in Thailand, Charoen Pokphand Group (CP Group). In 2020, the Lotus-Talad chain had the highest number of supermarket outlets in Thailand, closely followed by Tops. Apart from local brands, international supermarket chains such as the Japanese brand MaxValu also have significant presence in the Thai food retail sector.

Food retailing during COVID-19 pandemic

Even though food retailers were still operating in Thailand during the COVID-19 pandemic, they were only allowed limited opening hours. When Thai consumers visited food retailers during this period, bulk buying became more common than before. In 2020, a study revealed that stockpiling made the consumers in Thailand feel safer during the pandemic. Although food retailers remained open, food delivery gained in popularity among Thai consumers during this time as they wanted to avoid going to restaurants or grocery stores. More than half of the surveyed individuals stated that they used food delivery apps more than before amidst the pandemic. With the increasing popularity of food delivery and restrictions on food retailers in Thailand, several food retail channels certainly suffered. It was forecasted that sales of discount stores would decrease in 2020.

Key figures

The most important key figures provide you with a compact summary of the topic of "Food retail industry in Thailand" and take you straight to the corresponding statistics.

Product market value

Food retail distribution

Consumer behavior

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Food retail industry in Thailand".

Food retail industry in Thailand

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Food retail industry in Thailand - Statistics & Facts

Food retail is a thriving industry in Thailand, and the retail business within the foodservice sector was forecasted to increase, generating sales of over 500 million U.S. dollars in the next few years. In Thailand, traditional food retailing channels such as wet markets and local shops are still important. Wet markets are integral to Thai culture and consumers can buy both fresh food and food products at reasonable prices there. However, Thai consumers are currently leaning towards modern food retailing channels such as supermarkets and convenience stores due to the variety of products sold and the convenience afforded by such retail outlets. Since 2017, the number of supermarkets in Thailand has been constantly growing, reaching almost 500 outlets in 2020.

Leading food retail channels in Thailand

Rice is one of the main staple foods in Thailand and it was among the countries with the highest rice consumption worldwide. Hypermarkets were the main distribution channels for rice and other starchy foods in Thailand, with the majority of sales of such products in the past years. The food retail scene in Thailand is dominated by Thai-owned chains. One of the market leaders in the Thai food retail scene, Lotus-Talad, formerly known as Tesco Lotus, is owned by one of the biggest conglomerates in Thailand, Charoen Pokphand Group (CP Group). In 2020, the Lotus-Talad chain had the highest number of supermarket outlets in Thailand, closely followed by Tops. Apart from local brands, international supermarket chains such as the Japanese brand MaxValu also have significant presence in the Thai food retail sector.

Food retailing during COVID-19 pandemic

Even though food retailers were still operating in Thailand during the COVID-19 pandemic, they were only allowed limited opening hours. When Thai consumers visited food retailers during this period, bulk buying became more common than before. In 2020, a study revealed that stockpiling made the consumers in Thailand feel safer during the pandemic. Although food retailers remained open, food delivery gained in popularity among Thai consumers during this time as they wanted to avoid going to restaurants or grocery stores. More than half of the surveyed individuals stated that they used food delivery apps more than before amidst the pandemic. With the increasing popularity of food delivery and restrictions on food retailers in Thailand, several food retail channels certainly suffered. It was forecasted that sales of discount stores would decrease in 2020.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Food retail industry in Thailand".

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