Thailand's Probiotics Market Gains Global Momentum
Thailand's probiotics market is growing rapidly, supported by health trends and the Board of Investment. In 2023, the global probiotics market reached seventy four point five billion dollars, with Thailand valued at two hundred fifty million dollars. All About Extracts Co., Ltd., in collaboration with Maejo University, is developing local probiotic strains, enhancing competitiveness and reducing import dependency.
The Thai probiotics market is experiencing significant growth due to increasing consumer health trends and strategic support from the Board of Investment (BOI).
As of 2023, the global probiotics market is valued at 74.5 billion US dollars, with Thailand's market valued at approximately 250 million dollars and an annual growth rate of 12.21%.
Despite this growth, Thailand imports probiotics at high costs, presenting an investment opportunity for developing local strains to reduce dependency.
All About Extracts Co, Ltd, exemplifies the potential of biotechnology in this sector, with an investment of over 12 million baht to develop competitive Thai probiotic strains.
Supported by the BOI's 'Biotechnology Development' promotion, the company collaborates with Maejo University to research and produce unique probiotic products.
This project highlights Thailand's potential for market expansion, particularly in dietary supplements, aligning with global health trends.