The infant food market size volume per capita in Thailand has experienced a downward trend from 2023 to 2028. In 2023, the actual volume per capita stood at 0.071 kilograms. Forecasted data shows a decline, with figures projected to decrease from 0.067 kilograms in 2024 to 0.051 kilograms by 2028.
The year-on-year variation indicates a consistent decline over the period:
- -5.97% from 2024 to 2025
- -6.35% from 2025 to 2026
- -6.78% from 2026 to 2027
- -7.27% from 2027 to 2028
The Compound Annual Growth Rate (CAGR) over this five-year period averages a -6.59% decline annually.
Future trends to watch for include potential shifts in consumer preferences towards natural and organic options, innovations in infant nutrition technology, and changes in birth rates that could affect demand. Monitoring economic factors and regulatory changes will also be crucial in understanding the long-term prospects of the infant food market in Thailand.