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Thailand Chocolate Industry Forecast: Key Players and Growth Analysis 2030

Overview of the Thailand Chocolate Market:

Gain data-driven insights into the Thailand Chocolate Market Size, trends, and forecasts. This in-depth report delivers expert analysis of market drivers, segmentation, and emerging opportunities. It highlights key metrics and actionable findings in a professional, easy-to-scan format. Key statistics (market size, growth rates, share by segment) are presented up-front in bullet form for immediate impact.

Executive Summary

The Thailand Chocolate Market size was valued at around USD 257 million in 2024 and is projected to reach USD 332 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.3% during the forecast period, i.e., 2025-30.

Thailand Chocolate Market Driver:

Rising Awareness of Health Benefits of Chocolate Fueling Market Growth – The Thai population is moving towards veganism and flexitarian diets, and demand for sugar-free, vegan, organic, and gluten-free products is on the rise in the country. Chocolate intake is advantageous in stress reduction as it reduces stress hormones (cortisol), relaxes the mind, and facilitates happiness, which creates a hike in the market. The total chocolate confectionery consumption in this country is around 10,000 tons, which determines per capita annual consumption to be 128.6 gms.

There has been a rise in the lactose-intolerant population in Thailand, with an increase in gluten sensitivity quotient among the population. Moreover, increasing awareness of dark chocolates’ benefits like the presence of polyphenols, which fight inflammation and reduce skin cell damage, epicatechin that helps to combat oxidative stress, and flavonoids that reduce the risk of neurogenerative disorders and protect cholesterol levels. These associated health benefits further fuel demand for chocolate in the country.

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Thailand Chocolate Market Segmentation

Break down the market by key categories and geography. We outline major segments and provide size/share estimates for each.

-By Application

  • Food & Beverages Industries
  • Bakery
  • HoReCa
  • Retail Consumption

Among these, the Retail Consumption holds more than 50% of the market share and is expected to grow at a significant rate during the forecast period.

-By Sales Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Brand Owned Outlets
  • Online

Among these, the supermarkets & hypermarkets segment holds a share of around 60% of the market and is expected to hold its position during the forecast period as well.

-By Chocolate Type

  • White Chocolate - Market Size & Forecast 2020-2030, USD Million
  • Dark Chocolate - Market Size & Forecast 2020-2030, USD Million

-By Origin

  • Synthetic Chocolates - Market Size & Forecast 2020-2030, USD Million
  • Organic Chocolates - Market Size & Forecast 2020-2030, USD Million

-By Category

  • Boxed Chocolates - Market Size & Forecast 2020-2030, USD Million
  • Chocolate Pouches and Bags - Market Size & Forecast 2020-2030, USD Million
  • Countlines Chocolates - Market Size & Forecast 2020-2030, USD Million
  • Seasonal Chocolates - Market Size & Forecast 2020-2030, USD Million
  • Tablets- Market Size & Forecast 2020-2030, USD Million

-By Packaging Type

  • Flexible Packaging - Market Size & Forecast 2020-2030, USD Million
  • Rigid Packaging - Market Size & Forecast 2020-2030, USD Million

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Competitive Market Strategies: List of Largest Thailand Chocolate Companies

Analysis of the competitive landscape and company strategies. We profile leading players Business Description, Product Portfolio, Recent Developments, and list key Strategic Alliances or Partnerships approaches.

  • Nestlé
  • Ferrero SpA
  • Mars Thailand Inc.
  • Hershey
  • Glico
  • Grupo Arcor
  • Mayora
  • Lindt & Sprüngli
  • Alfred Ritter
  • Mondelez
  • Kad Kokoa
  • Others

Future Market Analytics Focus Points

Look ahead to the analytics and trends shaping the industry’s future. This section suggests areas of emphasis for market analysis, such as:

  1. Identify Emerging Market Trends: Recognize new trends shaping industries.
  2. Leverage Big Data Analytics: Use data for informed decision-making strategies.
  3. Explore Geographic Expansion: Target growth opportunities in new areas.
  4. Analyze Consumer Behavior: Adapt to shifting preferences and habits.
  5. Emphasize Sustainability: Align strategies with ethical and sustainable practices.

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Objectives of the Study

Clearly state what the report aims to achieve. For example:

  • Provide a comprehensive market overview with quantitative forecasts.
  • Identify key market segments and competitive dynamics.
  • Analyze trends and drivers influencing growth.
  • Highlight challenges and risks, plus mitigation strategies.
  • Offer actionable insights and recommendations for decision-makers.

Report Delivery Model

 “Our market research report is available in multiple formats for convenience:

  • Interactive PDF with rich charts and data tables.
  • PowerPoint summary deck for easy presentation and sharing.
  • Excel containing all research figure.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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