The meat market size in Thailand stood at 1.99 million metric tons in 2023. The market exhibited a slight decline with a year-on-year variation of -0.1% over the past two years and a compound annual growth rate (CAGR) of -0.17% over the last five years from 2019 to 2023. A historical view shows significant fluctuations, such as a -5.88% drop in 2015 and subsequent rebound trends with peaks such as a 5.16% increase in 2021. Forecasts indicate a stable yet slightly declining trend, with the market expected to maintain around 1.98 million metric tons from 2024 to 2028, reflecting a forecast 5-year CAGR of -0.08% and an overall forecast 5-year growth rate of -0.38%.
Future trends to watch for include:
- Continued slight decline in market volume, indicating a potential shift in consumer preferences or supply dynamics.
- Influences of economic factors, regulatory changes, and potential shifts towards alternative protein sources.
- Impact of global market trends, especially in response to environmental sustainability concerns and health-driven food choices.
