Every year, scores of international Food & Agribusiness trade shows come to Thailand, for its obvious business opportunities and industrial habitat.
Food, and the business surrounding it, is ingrained in Thai culture. The country is the only net food exporter in Asia - the result of an abundance of local natural resources from which 80% of ingredients used in the food industry are sourced. This allows for production at highly competitive prices and global competitiveness.
Key export markets include the US, Japan, ASEAN, and the EU; and the major international brands doing business here include Dole, Nestle, Unilever, Tesco, Kellogg’s, Kraft, Pepsi Co, and Procter & Gamble.
Today, there are nearly 10,000 food processing firms in Thailand, which employ roughly 600,000 people and generate annual earnings of US$25 billion. International consumer markets are open to Thai-made products because our production methods and machinery meet the highest international standards.
Thai rice is a major export, of course, but so too are processed foods. Ready-to-cook products like curries and sauces, and Halal food items, has Thailand being ASEAN’s number 1 Halal food exporter and caterer to the world’s nearly 2 billion Muslim consumers.
Thailand’s domestic food and drink market is witnessing major growth as well, as improvements in disposable income and urbanization among the younger generation of Thais has pushed demand for convenient and quality in their shopping. This means significant opportunities for foreign investment in both the export and domestic agribusiness markets.
With support from government and industry campaigns promoting Thailand’s processed food industry to overseas SMEs, which make up 90% of food producers in Thailand, the successful collaborations have led to numerous popular business events.