BANGKOK (NNT) – Thailand, through the Ministry of Commerce, is establishing itself as a future food industry leader, focusing on innovative, safe, traceable, and environmentally friendly products. The plan, a collaboration between the government and the private sector, is set to transform agricultural products into a new economic growth engine by meeting the increasing global demand for healthier and sustainable food options.
The future food sector in Thailand is divided into four main categories: functional, medical, organic, and alternative protein. In 2023, the sector’s exports reached 143 billion baht, with functional foods and ingredients comprising 89.7% of all future food exports. The principal markets for these products include the United States, Vietnam, China, Myanmar, and Cambodia.
In just the first four months of this year, exports in this sector amounted to 51.6 billion baht, with functional foods again dominating the exports, accounting for 90.8%. The Thai Product Standards Organization (TPSO) and the Thai Food Association (TFA) are developing a ‘future food dashboard’ on the Trade Intelligence System website to support this growing sector. This tool will provide comprehensive trade data to entrepreneurs and the public, aiding decision-making and strategy development.
The government’s commitment to enhancing the future food industry is evident in its focus on wellbeing, sustainability, and innovation. These priorities leverage emerging trends and foster substantial growth within Thailand’s economy, positioning the country as one of the leading global food markets.
Source: NNT
Thailand Aims to Lead Future Food Industry
