Vendor Insights
The retail market in Thailand is highly fragmented and competitive in nature. The market is characterized by the presence of both international and local players operating across the country. The rising competition coupled with changing consumer demands is forcing vendors to launch innovative products and expand their customer base. The competition in the market is expected to intensify further with the entry of several new players, private label brands, price wars, and mergers and acquisitions.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Aeon Co. Ltd.
- Berli Jucker Public Co. Ltd.
- Central Group of Company
- CP All Public Co. Ltd.
- Foodland Supermarket Co. Ltd.
- Home Product Center Public Co. Ltd.
- Isetan Mitsukoshi Holdings Ltd.
- Seven & i Holdings Co. Ltd.
- Tesco Plc
- The Mall Group
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.
Key Segment Analysis
By product, the market share by the grocery segment will be significant during the forecast period. The rising consumer preference for purchasing day-to-day grocery requirements and the expansion of hypermarkets, supermarkets, and other retail outlets have been crucial in driving the growth of the segment. In addition, factors such as changing lifestyles, increasing disposable incomes, and rapid urbanization have increased the growth opportunity in the segment.
Similarly, by distribution channel, the offline segment accounted for maximum revenue generation in the market in 2021. However, faster growth is expected in the online distribution channel segment owing to the increasing number of online shopping portals and the growing penetration of smartphones.
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Key Market Drivers & Challenges:
The retail market is primarily driven by continuous improvement increase in tourist arrivals. The presence of several tourist destinations, pleasant weather, and the availability of luxury hotels has increased the number of tourists visiting Thailand. The presence of many recreational activities has also increased the number of international tourists in the country. The growth in the tourism industry is consequently supporting the growth of various other industries, which is expected to play a crucial role in the development of the market in focus.
However, the threat from counterfeit products will reduce the growth potential in the market. The retail market in Thailand is witnessing a surge in the number of counterfeit products ranging from FMCG to electronic goods. This is making it difficult for customers to differentiate them from genuine products. The availability of such products is also hampering the sales and reputation of major brands, thereby negatively influencing the market growth.
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Retail Market In Thailand Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 6% |
Market growth 2021-2025 |
USD 55.21 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.01 |
Regional analysis |
Thailand |
Performing market contribution |
Thailand at 100% |
Key consumer countries |
Thailand |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Aeon Co. Ltd., Berli Jucker Public Co. Ltd., Central Group of Company, CP All Public Co. Ltd., Foodland Supermarket Co. Ltd., Home Product Center Public Co. Ltd., Isetan Mitsukoshi Holdings Ltd., Seven & i Holdings Co. Ltd., Tesco Plc, and The Mall Group |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Grocery - Market size and forecast 2020-2025
- Apparel and footwear - Market size and forecast 2020-2025
- BPC - Market size and forecast 2020-2025
- Home and garden - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2020-2025
- Online - Market size and forecast 2020-2025
- Market opportunity by Distribution channel
Customer Landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aeon Co. Ltd.
- Berli Jucker Public Co. Ltd.
- Central Group of Company
- CP All Public Co. Ltd.
- Foodland Supermarket Co. Ltd.
- Home Product Center Public Co. Ltd.
- Isetan Mitsukoshi Holdings Ltd.
- Seven & i Holdings Co. Ltd.
- Tesco Plc
- The Mall Group
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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