Thailand Functional Ingredients Market Size & Outlook
Thailand functional ingredients market, 2016-2027 (US$M)
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Thailand functional ingredients market highlights
- The Thailand functional ingredients market generated a revenue of USD 339.5 million in 2019 and is expected to reach USD 605.1 million by 2027.
- The Thailand market is expected to grow at a CAGR of 7.5% from 2020 to 2027.
- In terms of segment, modified starch was the largest revenue generating product in 2019.
- Rice protein is the most lucrative product segment registering the fastest growth during the forecast period.
Functional ingredients market data book summary
| Market revenue in 2019 | USD 339.5 million |
| Market revenue in 2027 | USD 605.1 million |
| Growth rate | 7.5% (CAGR from 2019 to 2027) |
| Largest segment | Modified starch |
| Fastest growing segment | Rice protein |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Maltodextrin, Pobiotics, Polydextrose, Modified starch, Pectin, Omega-3 (EPA, DHA,ALA), Omega-6, Conjugated linoleic acid, Rice protein, Protein hydrolysate, Mung bean protein |
| Key market players worldwide | Archer-Daniels Midland Co, Ingredion Inc, Cargill, Tate & Lyle PLC, Golden Agri-Resources Ltd, FMC Corp, Nanobiotix SA ADR, Traeger Inc |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.5% of the global functional ingredients market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China functional ingredients market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,076.4 million by 2027.
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Functional Ingredients Market Scope
Functional Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Thailand functional ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional ingredients market will help companies and investors design strategic landscapes.
Modified starch was the largest segment with a revenue share of 79.94% in 2019. Horizon Databook has segmented the Thailand functional ingredients market based on maltodextrin, pobiotics, polydextrose, modified starch, pectin, omega-3 (epa, dha,ala), omega-6, conjugated linoleic acid, rice protein, protein hydrolysate, mung bean protein covering the revenue growth of each sub-segment from 2016 to 2027.
Thailand is a leading agricultural supplier, primarily due to its well-settled food processing sector. Thailand has a base of over 10,000 food & beverage production/processing factories, dominated mainly by small- and medium-sized enterprises. Fishes and its products accounted for the largest share in the export market of Thailand.
Companies are establishing good relationships with local vendors, distributors, and agents, making it easier for them to expand their regional reach. These factors collectively are expected to have a positive impact on Thailand functional ingredients market over the forecast period.
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Our clientele includes a mix of functional ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand functional ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Thailand functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Thailand functional ingredients market size, by product, 2016-2027 (US$M)
Thailand Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
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