Analyzing the cream market size volume in Thailand, it is evident that it stood at 1.0 Thousand Metric Tons in 2023. Historical data shows a significant decline from a peak of 4.0 in 2014, dropping progressively over the years. The most notable declines happened between 2015 and 2016, and again in 2018 and 2019. The CAGR from 2019 to 2023 is -12.94%, indicating a consistent decrease. From 2024 onwards, forecasted data suggests an even steeper decline, with a 5-year forecast CAGR of -25.23%, culminating in an estimated 0.18 Thousand Metric Tons by 2028, representing a -76.62% shift.
Future trends to watch for include potential market influences such as shifts in consumer preferences, advancements in dairy alternatives, economic factors impacting purchasing power, and regulatory changes affecting dairy production and imports. Close monitoring of these factors will be crucial to understanding the evolving landscape of the cream market in Thailand.
