Over the past decade, Thailand's fermented beverages production has seen fluctuations. From 2014 to 2015, production remained steady at 4.0 thousand metric tons. A noticeable increase occurred in 2016 to 5.0 thousand metric tons, maintaining this level until 2017. However, a decline followed in 2018, dropping production back to 4.0 thousand metric tons, which then continued through 2019. Slight volatility was observed in 2020 with a dip to 3.8 thousand metric tons, but production rebounded to 4.0 thousand metric tons in 2021 and stabilized through 2023. The year-on-year variation in 2023 was 0%, and the compound annual growth rate (CAGR) over the past 5 years stands neutral at 0%.
Looking forward to 2024 and beyond, forecasts suggest that production will hover close to 4.0 thousand metric tons with slight decreases anticipated. By 2028, production is expected to decrease to 3.9 thousand metric tons, reflecting a forecasted 5-year CAGR of -0.51%.
Future trends to watch for include potential market disruptions due to economic fluctuations or changing consumer preferences towards non-alcoholic alternatives and health-conscious products. Additionally, regulatory changes or innovations in fermentation technology may impact production volumes.
