Thailand ranks 12th among global food exporters, with 70% of its food consumed domestically. Wisit Limluecha highlighted the potential for growth in functional foods, alternative proteins, and medical foods due to rising health consciousness. The future food industry is valued at 150 billion baht, with annual exports expected to reach 1.6 trillion baht.
Wisit Limluecha, president of the food exporters' association, revealed to Thansettakij that Thailand ranks 12th among global food exporters, with 70% of its food being consumed domestically and 30% exported.
Thailand's diverse range of food products offers competitive advantages despite the relatively smaller export share.
In response to growing health consciousness post-COVID-19, Wisit highlighted the potential for Thai producers to tap into functional foods, alternative protein, organic foods, and medical foods.
Functional foods like muscle-building supplements and probiotic yoghurt are particularly popular.
Amid declining meat production, Thailand is also promoting plant-based and insect-based proteins.
Wisit noted slow growth in organic foods due to lengthy production processes but observed rising interest in medical and personalized foods.
He projects a 5-10% growth in Thailand’s future food exports, contingent on economic stability and various global factors.
The industry, valued at 150 billion baht, saw exports rise 2.79% in the first quarter, with annual exports expected to hit 1.6 trillion baht.