The demand for fermented beverages in Thailand demonstrated a significant degree of fluctuation from 2014 to 2023. Noteworthy year-on-year changes include steep declines in 2015 followed by a doubling in 2016 and consistent demand after 2020. In 2023, the volume stood steady at 9.0 thousand metric tons. Over the last five years, the compounded annual growth rate (CAGR) has been 2.38%, indicating moderate growth.
Future Trends to Watch:
- Moderate growth is anticipated, with a forecasted CAGR of 1.06% and a projected 5.43% total growth by 2028.
- Emerging consumer preferences for health and wellness products may drive demand for specific fermented beverages, creating niche markets.
